ACCOUNTS - Final Accounts preparation

Registered number: 06666091

THATCHERS HOLDINGS LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2025

THATCHERS HOLDINGS LIMITED

REGISTERED NUMBER:06666091

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

FIXED ASSETS
Tangible assets	4		36,598,229		33,357,311
Investments	5		1,500,000		1,500,000
			38,098,229		34,857,311
CURRENT ASSETS
Debtors: amounts falling due within one year	6	19,126,448		32,986,894
Cash at bank and in hand	7	20,000,788		991
		39,127,236		32,987,885
Creditors: amounts falling due within one year	8	(61,273,944)		(54,233,225)
NET CURRENT LIABILITIES			(22,146,708)		(21,245,340)
TOTAL ASSETS LESS CURRENT LIABILITIES			15,951,521		13,611,971
Creditors: amounts falling due after more than one year	9		(2,224)		(3,336)
PROVISIONS FOR LIABILITIES
Deferred taxation	10		(161,159)		(276,969)
NET ASSETS			15,788,138		13,331,666

CAPITAL AND RESERVES
Called up share capital	11	3,272,000	3,272,000
Revaluation reserve	12	16,148	19,377
Capital redemption reserve	12	777,100	777,100
Profit and loss account	12	11,722,890	9,263,189
		15,788,138	13,331,666

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr M Thatcher

Director

Date: 19 May 2026

The notes on pages 2 to 10 form part of these financial statements.

Page 1

THATCHERS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	GENERAL INFORMATION

Thatchers Holdings Limited is a company limited by shares incorporated in England and Wales. The registered office is Myrtle Farm, Station Road, Sandford, Winscombe, BS25 5RA.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Thatchers (Myrtle Farm) Limited as at 31 August 2025 and these financial statements may be obtained from the Company's registered office.

2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

THATCHERS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

OPERATING LEASES: THE COMPANY AS LESSOR

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

2.5

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

LEASED ASSETS: THE COMPANY AS LESSEE

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.7

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

THATCHERS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.8

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

THATCHERS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.9

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property

5% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.10

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.11

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.12

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.13

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.14

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

THATCHERS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

EMPLOYEES

The average monthly number of employees, including directors, during the year was 5 (2024:5).

4.	TANGIBLE FIXED ASSETS

		Freehold property
		£
	COST OR VALUATION
	At 1 September 2024	43,645,868
	Additions	5,060,131
	Disposals	(351,532)
	At 31 August 2025	48,354,467
	DEPRECIATION
	At 1 September 2024	10,288,557
	Charge for the year on owned assets	1,764,964
	Disposals	(297,283)
	At 31 August 2025	11,756,238
	NET BOOK VALUE
	At 31 August 2025	36,598,229
	At 31 August 2024	33,357,311

5.	FIXED ASSET INVESTMENTS

		Investments in subsidiary companies
		£
	COST OR VALUATION
	At 1 September 2024	1,500,000
	At 31 August 2025	1,500,000

Page 6

THATCHERS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

SUBSIDIARY UNDERTAKING
The following was a subsidiary undertaking of the Company:
Name	Class of shares	Holding

Thatchers Cider Company Limited

Ordinary

100%

	The aggregate of the share capital and reserves as at 31 August 2025 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:
	Name	Aggregate of share capital and reserves

Thatchers Cider Company Limited

56,165,552

Page 7

THATCHERS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

DEBTORS

					2025	2024
					£	£


Amounts owed by group undertakings	19,125,977	32,986,566
Prepayments and accrued income	471	328
	19,126,448	32,986,894

Amounts owed by group undertakings are unsecured and repayable on demand.

7.	CASH AND CASH EQUIVALENTS
		2025	2024
		£	£

Cash at bank and in hand	20,000,788	991
	20,000,788	991

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Amounts owed to group undertakings	59,534,848	52,597,833
Corporation tax	1,520,186	1,507,694
Other taxation and social security	12,287	10,465
Other creditors	3,760	1,775
Accruals and deferred income	202,863	115,458
	61,273,944	54,233,225

Amounts owed to group undertakings are unsecured and repayable on demand.

9.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2025	2024
		£	£

Other creditors	2,224	3,336
	2,224	3,336

Page 8

THATCHERS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

10.	DEFERRED TAXATION

		2025
		£

	At beginning of year	(276,969)
	Charged to profit or loss	115,810
	AT END OF YEAR	(161,159)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	(161,159)	(276,969)
		(161,159)	(276,969)

11.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

3,272,000 (2024:3,272,000) Ordinary shares of £1.00 each	3,272,000	3,272,000

12.

RESERVES

Revaluation reserve

The revaluation reserve represents unrealised gains on revalued assets and is not distributable.

Capital redemption reserve

The capital redemption reserve arises on the redemption or purchase of the company’s own shares and is non-distributable.

Profit and loss account

The company's only reserve is the profit and loss account, which represents accumulated profits or losses of the company, after dividends paid to shareholders.

13.	RELATED PARTY TRANSACTIONS
	The company is a wholly owned subsidiary of Thatchers (Myrtle Farm) Limited, and as such has taken advantage of the exemption contained in FRS 102 33.1A not to disclose transactions entered into between two or more members of a wholly owned group.

Page 9

THATCHERS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

14.	CONTROLLING PARTY

The ultimate controlling party and parent company is Thatchers (Myrtle Farm) Limited, a company under the control of the principal directors who jointly own 100% of the share capital. Thatchers (Myrtle Farm) Limited is registered in England and Wales.

The largest group in which the results of the company and group are consolidated is headed by Thatchers (Myrtle Farm) Limited. The consolidated accounts are available to the public and are filed at the Registrar of Companies, Companies House, Crown Way, Cardiff, CG14 3UZ.

15.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 August 2025 was unqualified.

The audit report was signed on 27 May 2026 by Ria Burridge FCCA (Senior statutory auditor) on behalf of Bishop Fleming Audit Limited.

Page 10