Company Registration No. 02063160 (England and Wales)
PEACHEY HOLDINGS LIMITED
ANNUAL REPORT AND GROUP FINANCIAL STATEMENTS
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
PEACHEY HOLDINGS LIMITED
COMPANY INFORMATION
Directors
G P Peachey
T B Peachey
J S T Gunn
Secretary
G P Peachey
Company number
02063160
Registered office
Unit 7
Bentalls Business Park
Bentalls
Basildon
Essex
SS14 3BN
Auditor
Littlestone Golding
17 Cavendish Square
London
W1G 0PH
PEACHEY HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Profit and loss account
7
Group statement of comprehensive income
8
Group balance sheet
9
Company balance sheet
10
Group statement of changes in equity
11
Company statement of changes in equity
12
Group statement of cash flows
13
Notes to the financial statements
14 - 33
PEACHEY HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 1 -

The directors present the strategic report and financial statements for the 52 weeks ended 28 September 2025 with corresponding figures for the 5 2 weeks ended 29 September 2024

Review of development and financial performance during the year

The Group recorded turnover of £16.9 million (2024: £16.0 million) for the period as shown on page 7 of the financial statements. As shown in note 3 to the financial statements turnover from the group's golf and country club activity has increased to £9.6 million and turnover from the group's fresh produce activity has increased to £7.3 million.

A Group operating profit of £1,129,903 has been incurred for the period compared to an operating profit of £1,449,261 for the previous period.

The net profit before taxation for the period is reported at £1,203,280 compared to a net profit before taxation of £1,480,147 for the previous period.

Financial position at the reporting date

The group's balance sheet (page 9) indicates a strong financial position with shareholders funds amounting to £12.8 million compared to £11.9 million at the end of the previous period.

The group's net current assets have increased to £2.4 million from £2.0 million. The directors expect that cashflows from future profits will continue to enable the group to invest in its assets.

Key performance indicators

Management use a range of financial performance indicators to monitor and manage the business as set out below.

- Turnover from the golf and country club activity - increased from £9.0 million to £9.6 million.

- Turnover from the fresh produce activity - increased from £7.0 million to £7.3 million.

- Gross profit margin - 65.6% of turnover compared to 64.1% of turnover.

- Operating profit - reported at £1,203,280 compared to £1,449,261 for the previous period.

Principal risks and uncertainties

T he principal risks and uncertainties facing the group is a reduction in the income producing potential of its trading subsidiaries if they were to be affected by a significant business downturn or reduction in turnover.

By order of the board

G P Peachey
Secretary
8 June 2026
PEACHEY HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 2 -

The directors present their report and financial statements for the 5 2 weeks ended 28 September 2025 with corresponding figures for the 5 2 weeks ended 29 September 2024.

Principal activities
The principal activities of the group are the ownership and operation of golf and country clubs and the supply and distribution of fresh produce.
Results and dividends

The results for the 52 week period are set out on page 7.

The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the 52 week period and up to the date of signature of the financial statements were as follows:

G P Peachey
T B Peachey
J S T Gunn
Disabled persons
The group pursues a policy of providing, wherever possible, the same employment, training and career development and promotion opportunities to disabled persons as to others including to those employees who become disabled while employed by the group.
Future developments
The group intends to continue trading in the same areas of activity as described above.
Auditor

The auditor, Littlestone Golding, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have prepared the group and parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and parent company, and of the profit or loss of the group for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable U nited K ingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and parent company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent company, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

PEACHEY HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 3 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

By order of the board
G P Peachey
Secretary
8 June 2026
PEACHEY HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PEACHEY HOLDINGS LIMITED
- 4 -
Opinion

We have audited the financial statements of Peachey Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the 52 week period ended 28 September 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 28 September 2025 and of the group's profit for the 52 week period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- T he information given in the strategic report and the directors' r eport for the financial 52 week period for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

PEACHEY HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PEACHEY HOLDINGS LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

- We obtained an understanding of the legal and regulatory frameworks that are applicable to the Group and determined the most significant are laws and regulations related to property, hospitality, transport and vehicles, employment, and health & safety, the reporting framework ((FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice), the Companies Act 2006)) and the relevant tax compliance regulations in which the Group operates.

- We understood how the Group is complying with those frameworks by making enquiries on the management and those responsible for legal and compliance procedures. We corroborated our enquiries through our review of board minutes and any correspondence received from regulatory bodies.

- We assessed the susceptibility of the Group’s financial statements to material misstatement, including how fraud might occur by enquiring with management during the planning, fieldwork and completion phase of our audit. We considered the controls that the Group has established to address risks identified, or that otherwise prevent, deter and detect fraud and how management monitors those controls. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk including revenue recognition. These procedures included testing manual journals and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

- Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved journal entry testing, with a focus on manual journals and journals indicating large or unusual transactions based on our understanding of the business and enquiries of management.

PEACHEY HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PEACHEY HOLDINGS LIMITED
- 6 -

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Michael Wright FCA (Senior Statutory Auditor)
For and on behalf of Littlestone Golding, Statutory Auditor
Chartered Accountants
17 Cavendish Square
London
W1G 0PH
8 June 2026
PEACHEY HOLDINGS LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 7 -
52 weeks
53 weeks
ended
ended
28 September
29 September
2025
2024
Notes
£
£
Turnover
3
16,971,488
16,014,678
Raw materials and consumables
(5,559,551)
(5,451,634)
Other external expenses
(273,408)
(292,165)
11,138,529
10,270,879
Staff costs
6
(5,621,572)
(5,012,330)
Depreciation and other amounts written off tangible and intangible fixed assets
(438,585)
(345,136)
Other operating expenses
(3,953,565)
(3,477,414)
Other operating income
5,096
13,262
Operating profit
4
1,129,903
1,449,261
Interest receivable and similar income
8
74,817
33,585
Interest payable and similar expenses
9
(1,440)
(2,699)
Profit before taxation
1,203,280
1,480,147
Taxation
10
(323,187)
(388,865)
Profit for the financial 52 week period
880,093
1,091,282
Profit for the financial 52 week period is all attributable to the owners of the parent company.

The profit and loss account has been prepared on the basis that all operations are continuing operations.

PEACHEY HOLDINGS LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 8 -
52 Weeks
53 Weeks
ended
ended
28 September
29 September
2025
2024
£
£
Profit for the 52 week period
880,093
1,091,282
Other comprehensive income
-
-
Total comprehensive income for the 52 week period
880,093
1,091,282
Total comprehensive income for the 52 week period is all attributable to the owners of the parent company.
PEACHEY HOLDINGS LIMITED
GROUP BALANCE SHEET
AS AT 28 SEPTEMBER 2025
28 September 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
12,064,964
11,480,630
Investments
13
9,755
9,755
12,074,719
11,490,385
Current assets
Stocks
15
121,666
134,070
Debtors
16
976,879
985,992
Cash at bank and in hand
3,228,276
2,952,188
4,326,821
4,072,250
Creditors: amounts falling due within one year
17
(1,944,778)
(2,119,314)
Net current assets
2,382,043
1,952,936
Total assets less current liabilities
14,456,762
13,443,321
Creditors: amounts falling due after more than one year
18
(69,860)
(99,342)
Provisions for liabilities
21
(458,007)
(273,474)
Deferred income
22
(1,167,774)
(1,189,477)
Net assets
12,761,121
11,881,028
Capital and reserves
Called up share capital
24
212
212
Revaluation reserve
25
861,364
861,364
Merger reserve
26
(8,022)
(8,022)
Profit and loss reserves
11,907,567
11,027,474
Total equity
12,761,121
11,881,028
The financial statements were approved by the board of directors and authorised for issue on 8 June 2026 and are signed on its behalf by:
08 June 2026
G P Peachey
Director
Company Registration No. 02063160
PEACHEY HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT 28 SEPTEMBER 2025
28 September 2025
- 10 -
28 September 2025
29 September 2024
Notes
£
£
£
£
Fixed assets
Investments
13
313,595
313,595
Current assets
Debtors
16
462,000
484,000
Cash at bank and in hand
1,982
1,425
463,982
485,425
Creditors: amounts falling due within one year
17
(6,930)
(51,164)
Net current assets
457,052
434,261
Net assets
770,647
747,856
Capital and reserves
Called up share capital
24
212
212
Profit and loss reserves
770,435
747,644
Total equity
770,647
747,856

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £22,790 (2024 - £153,490 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 8 June 2026 and are signed on its behalf by:
08 June 2026
G P Peachey
Director
Company registration number 02063160 (England and Wales)
PEACHEY HOLDINGS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 11 -
Share capital
Revaluation reserve
Merger reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 25 September 2023
212
861,364
(8,022)
9,936,192
10,789,746
Period ended 29 September 2024:
Profit and total comprehensive income for the period
-
-
-
1,091,282
1,091,282
Balance at 29 September 2024
212
861,364
(8,022)
11,027,474
11,881,028
Period ended 28 September 2025:
Profit and total comprehensive income for the period
-
-
-
880,093
880,093
Balance at 28 September 2025
212
861,364
(8,022)
11,907,567
12,761,121
PEACHEY HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 12 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 25 September 2023
212
594,154
594,366
Period ended 29 September 2024:
Profit and total comprehensive income for the period
-
153,490
153,490
Balance at 29 September 2024
212
747,644
747,856
Period ended 28 September 2025:
Profit and total comprehensive income
-
22,791
22,791
Balance at 28 September 2025
212
770,435
770,647
PEACHEY HOLDINGS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 13 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
30
1,639,939
1,192,854
Interest paid
(1,440)
(2,699)
Income taxes paid
(371,824)
(195,911)
Net cash inflow from operating activities
1,266,675
994,244
Investing activities
Purchase of tangible fixed assets
(1,061,719)
(545,782)
Proceeds on disposal of tangible fixed assets
38,800
2,500
Interest received
74,817
33,585
Net cash used in investing activities
(948,102)
(509,697)
Financing activities
Repayment of deposits
(16,960)
(12,882)
Payment of finance leases obligations
(25,525)
(43,594)
Net cash used in financing activities
(42,485)
(56,476)
Net increase in cash and cash equivalents
276,088
428,071
Cash and cash equivalents at beginning of 52 week period
2,952,188
2,524,117
Cash and cash equivalents at end of 52 week period
3,228,276
2,952,188
PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 14 -
1
Accounting policies
Company information

Peachey Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 7, Bentalls Business Park, Bentalls, Basildon, Essex, SS14 3BN.

The group consists of Peachey Holdings Limited and all of its subsidiaries.

1.1
Reporting period

These financial statements are prepared for the 52 weeks ended 28 September 2025 with comparative information for the 53 weeks ended 29 September 2024.

The company prepares its financial statements for a 52 week or 53 week period ending within seven days of 30 September each year.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 4 ‘Statement of Financial Position’ – Reconciliation of the opening and closing number of shares;

- Section 7 ‘Statement of Cash Flows’ – Presentation of a statement of cash f low and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’ – Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’ – Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’ – Compensation for key management personnel.

PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 15 -
1.3
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.4
Basis of consolidation

The consolidated financial statements incorporate those of Peachey Holdings Limited and all of its subsidiaries (ie entities that the g roup controls through its power to govern the financial and operating policies so as to obtain economic benefits). Subsidiaries acquired during the year are consolidated using the purchase method except where it is eligible to use the merger accounting method when that method is used. When the purchase method is used results of subsidiary undertakings are incorporated from the date that control passes. When the merger accounting method is used results of subsidiary undertakings are incorporated as if the subsidiary had always been owned and merger expenses are written off to the profit and loss account in the period that the merger occurred.

All financial statements are made up to 28 September 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 16 -
1.5
Going concern

The directors expect the group to continue to generate positive operating cash flows for the foreseeable future and ha ve adequate financial resources., The directors believe s that the group is well placed to manage its business risks successfully, and that it will be able to continue as a going concern for the foreseeable future.

T he directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

1.6
Revenue
Turnover represents the total amounts receivable by the group in respect of sales to customers, net of VAT and trade discounts.
Income received relating to future accounting periods is treated as a creditor and recorded as turnover in the period to which it relates.

Revenue from the sale of goods, activities, hospitality and events is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, when the customer undertakes the activity or receives the hospitality, or the event occurs, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.7
Intangible fixed assets - goodwill

When the fair value of the consideration for an acquired subsidiary or associated undertaking exceeds the fair value of its separable net assets, the difference is treated as purchased goodwill and is capitalised and amortised in equal instalments through the profit and loss account over its estimated economic life.

Where the fair value of the separable assets and liabilities of the undertakings acquired exceeds the fair value of the consideration paid, the difference is treated as negative goodwill and is capitalised and amortised through the profit and loss account in equal instalments over the period expected to be benefited.

1.8
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
0.5% per annum on cost
Short leasehold land and buildings
Straight line over the lease period
Plant and machinery
8% - 20% per annum on cost or written down value
Fixtures and equipment
20% - 33% per annum on cost
Motor vehicles
10% - 25% per annum on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Revaluations of freehold property prior to the application of FRS 102 by the group are treated as their deemed cost as permitted by paragraph 35.10 (d) of FRS 102.

PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 17 -
1.9
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.10
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 18 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.11
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.12
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.13
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 19 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 20 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.15
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.16
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.17
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 21 -
1.18
Retirement benefits

The company operates defined contribution scheme s for the benefit of its employees. Contributions payable are charged to the profit and loss account in the 52 week period they are payable.

1.19
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.20
Equipment leased to customers
Equipment leased to customers under operating leases is capitalised in accordance with the policy above on tangible fixed assets and depreciation. Operating lease income is included in turnover and accounted for on a straight line basis over the lease term with any rental increases recognised during the period to which they relate.
2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue

An analysis of the group's turnover is as follows:

2025
2024
£
£
Turnover
Sale of goods - fresh produce
7,337,585
7,034,045
Rendering of services - golf and country clubs
9,633,903
8,980,633
16,971,488
16,014,678
PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
3
Turnover and other revenue
(Continued)
- 22 -
Turnover analysed by geographical market
2025
2024
£
£
United Kingdom
16,971,488
16,014,678
4
Operating profit
2025
2024
£
£
Operating profit for the period is stated after charging/(crediting):
Fees payable to the group's auditor for the audit of the group's financial statements
23,900
22,700
Depreciation of tangible fixed assets
447,556
347,636
Profit on disposal of tangible fixed assets
(8,971)
(2,500)
Operating lease charges
664,426
603,397
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
23,900
22,700
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the 52 week period was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Directors
3
3
-
-
Other
244
224
-
-
Total
247
227
0
0
PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
6
Employees
(Continued)
- 23 -

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
5,058,706
4,580,386
-
0
-
0
Social security costs
495,674
371,655
-
-
Pension costs
67,192
60,289
-
0
-
0
5,621,572
5,012,330
-
0
-
0
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
784,050
662,392

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 3 (2024 - 3).

Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
262,410
237,686
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
74,817
33,526
Other interest income
-
59
Total income
74,817
33,585
9
Interest payable and similar expenses
2025
2024
£
£
Interest on finance leases and hire purchase contracts
1,440
2,699
PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 24 -
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
138,655
309,325
Deferred tax
Origination and reversal of timing differences
184,532
79,540
Total tax charge
323,187
388,865

The actual charge for the 52 week period can be reconciled to the expected charge for the 52 week period based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,203,280
1,480,147
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
300,820
370,037
Tax effect of expenses that are not deductible in determining taxable profit
3,247
1,248
Change in unrecognised deferred tax assets
2,383
-
0
Depreciation on assets not qualifying for tax allowances
17,737
20,101
Tax at marginal rate
(1,000)
-
0
Other tax adjustments
-
0
(2,521)
Tax expense for the period
323,187
388,865
PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 25 -
11
Intangible fixed assets
Group
Negative goodwill
£
Cost
At 30 September 2024 and 28 September 2025
(235,107)
Amortisation and impairment
At 30 September 2024 and 28 September 2025
(235,107)
Carrying amount
At 28 September 2025
-
0
At 29 September 2024
-
0
The company had no intangible fixed assets at 28 September 2025 or 29 September 2024.
12
Tangible fixed assets
Group
Freehold land and buildings
Short leasehold land and buildings
Plant and machinery
Fixtures and equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost or valuation
At 30 September 2024
11,557,394
527,328
4,751,031
5,030,087
266,028
22,131,868
Additions
-
0
-
0
141,257
793,277
127,185
1,061,719
Disposals
-
0
-
0
(794,750)
(2,140,766)
-
0
(2,935,516)
At 28 September 2025
11,557,394
527,328
4,097,538
3,682,598
393,213
20,258,071
Depreciation and impairment
At 30 September 2024
1,568,598
527,328
3,947,390
4,550,991
56,931
10,651,238
Depreciation charged in the 52 week period
50,236
-
0
99,514
231,457
66,349
447,556
Eliminated in respect of disposals
-
0
-
0
(765,403)
(2,140,284)
-
0
(2,905,687)
At 28 September 2025
1,618,834
527,328
3,281,501
2,642,164
123,280
8,193,107
Carrying amount
At 28 September 2025
9,938,560
-
0
816,037
1,040,434
269,933
12,064,964
At 29 September 2024
9,988,796
-
0
803,641
479,096
209,097
11,480,630
The company had no tangible fixed assets at 28 September 2025 or 29 September 2024.
PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
12
Tangible fixed assets
(Continued)
- 26 -

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Plant and machinery
-
0
44,316
-
0
-
0
Motor vehicles
53,363
63,559
-
0
-
0
53,363
107,875
-
-

The freehold land and buildings comprise assets carried at the 1991 valuation of £1,200,000 (20 24: £1,200,000) and assets held at cost of £10,357,394 (20 24: £10,357,394). The company has treated this previous revaluation of its freehold land and buildings as their deemed cost as permitted by paragraph 35.10 (d) of FRS 102.

If revalued assets were stated on an historical cost basis rather than a fair value basis, the total amounts included would be as follows:

2025
2024
£
£
Group
Cost
10,696,030
10,696,030
Accumulated depreciation
(1,618,834)
(1,568,598)
Carrying value
9,077,196
9,127,432
13
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
14
-
0
-
0
313,595
313,595
Unlisted investments
9,755
9,755
-
0
-
0
9,755
9,755
313,595
313,595
PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
13
Fixed asset investments
(Continued)
- 27 -
Movements in fixed asset investments
Group
Investments other than loans
£
Cost or valuation
At 30 September 2024 and 28 September 2025
9,755
Carrying amount
At 28 September 2025
9,755
At 29 September 2024
9,755
Movements in fixed asset investments
Company
Shares in group undertakings
£
Cost or valuation
At 30 September 2024 and 28 September 2025
313,595
Carrying amount
At 28 September 2025
313,595
At 29 September 2024
313,595
14
Subsidiaries

Details of the company's subsidiaries at 28 September 2025 are as follows:

Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Indirect
Loggton Properties Limited
England and Wales
Dormant
Ordinary
100.00
Peachey Bros. (Wholesale) Limited
England and Wales
Supply of fresh produce
Ordinary
100.00
Peacheys Catering Services Limited
England and Wales
Supply of fresh produce
Ordinary
100.00
Stock Brook Manor (Golf Club) Limited
England and Wales
Golf and country club
Ordinary
100.00
The Peachey Basildon Group Limited
England and Wales
Group management and asset holding
Ordinary
100.00
Three Rivers Golf & Country Club Limited
England and Wales
Golf and country club
Ordinary
100.00
Todreed Limited
England and Wales
Dormant
Ordinary
100.00
PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
14
Subsidiaries
(Continued)
- 28 -

The registered office of all the above subsidiary companies is Unit 7, Bentalls Business Park, Bentalls,

Basildon, Essex, SS14 3BN.

15
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
64,619
67,774
-
-
Finished goods and goods for resale
57,047
66,296
-
0
-
0
121,666
134,070
-
-
16
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
768,087
799,008
-
0
-
0
Amounts due from group undertakings
-
0
-
0
462,000
484,000
Other debtors
52,799
41,584
-
0
-
0
Prepayments and accrued income
155,993
145,400
-
0
-
0
976,879
985,992
462,000
484,000
17
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Deposits
19
46,050
63,010
-
0
-
0
Obligations under finance leases
20
29,472
25,515
-
0
-
0
Trade creditors
810,012
874,469
-
0
-
0
Amounts due to group undertakings
-
-
5,347
-
0
Corporation tax payable
76,155
309,325
1,583
51,164
Other taxation and social security
418,410
347,326
-
-
0
Other creditors
152,872
177,809
-
0
-
0
Accruals
411,807
321,860
-
0
-
0
1,944,778
2,119,314
6,930
51,164
PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 29 -
18
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Deposits
19
52,000
52,000
-
0
-
0
Obligations under finance leases
20
17,860
47,342
-
0
-
0
69,860
99,342
-
0
-
0
Amounts included above which fall due after five years are as follows:
Payable other than by instalments
18,500
18,500
-
-
19
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Deposits
98,050
115,010
-
0
-
0
Payable within one year
46,050
63,010
-
0
-
0
Payable after one year
52,000
52,000
-
0
-
0
Amounts included above which fall due after five years:
Payable other than by instalments
18,500
18,500
-
-

Deposits represent interest free loans given to Stock Brook Manor (Golf Club) Limited, a subsidiary company, by members of its golf club for terms of 7, 14 or 28 years. The deposits are repayable in full at the maturity date, or earlier at the company's option in the event of the sale or discontinuance of the company, or of the golf club's facilities or its membership. The deposits are also repayable on the death of a member, or upon notice by the company of its intention to repay all or any of the deposits.

20
Finance lease obligations
Group
Company
2025
2024
2025
2024
Amounts due:
£
£
£
£
Current liabilities
29,472
25,515
-
0
-
0
Non-current liabilities
17,860
47,342
-
0
-
0
47,332
72,857
-
-
PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
20
Finance lease obligations
(Continued)
- 30 -
Group
Company
2025
2024
2025
2024
Future minimum lease payments due:
£
£
£
£
Within one year
29,472
25,515
-
0
-
0
In two to five years
17,860
47,342
-
0
-
0
47,332
72,857
-
-

Finance lease payments represent rentals payable by the group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

21
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
458,007
273,474
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the 52 week period:
£
£
Liability at 30 September 2024
273,474
-
Charge to profit or loss
184,533
-
Liability at 28 September 2025
458,007
-

£70,345 of the deferred tax liability set out above is expected to reverse during the succeeding period (2024: £75,871).

22
Deferred income
Group
Company
2025
2024
2025
2024
£
£
£
£
Other deferred income
1,167,774
1,189,477
-
-
PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 31 -
23
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
67,192
60,289

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

24
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
Ordinary A shares of £1 each
112
112
112
112
212
212
212
212

All shares have equal voting rights, preferences and equal entitlement to repayment of capital and to any surplus in the event of a winding up. Shareholders are entitled to dividends as declared by the directors or shareholders. There are no restrictions attaching to either class of shares.

25
Revaluation reserve

No tax would become payable if the property assets were sold at their revalued amounts as indexation allowance would exceed the recognised gain.

26
Merger reserve

The merger reserve is comprised of £263,613 relating to the acquisition of shares in a subsidiary undertaking in March 2015, and £271,635 relating to the difference on the combination of group undertakings using merger accounting principles.

The £263,613 is an adjustment on consolidation to record the acquisition of shares in Stock Brook Manor (Golf Club) Limited by The Peachey Basildon Group Limited during 2015 that it did not already own at fair value rather than the nominal value of the shares issued in consideration for the acquisition where merger relief under the Companies Act 2006 applied.

The £271,635 relates to the difference on the combination of Peachey Holdings Limited and The Peachey Basildon Group Limited using merger accounting principles.

PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 32 -
27
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2025
2024
£
£
Aggregate compensation
871,007
799,186
Transactions with related parties

During the 52 week period the group entered into the following transactions with related parties:

Rent payable
2025
2024
£
£
Group
Other related parties
305,000
289,397

The following amounts were outstanding at the reporting end date:

Amounts due to related parties
2025
2024
£
£
Group
Key management personnel
-
442
Other related parties
-
86,132
Company
Entities over which the company has control, joint control or significant influence
5,347
-

The following amounts were outstanding at the reporting end date:

Amounts due from related parties
2025
2024
Balance
Balance
£
£
Group
Key management personnel
15,892
8,563
Company
Entities over which the company has control, joint control or significant influence
462,000
484,000
PEACHEY HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 28 SEPTEMBER 2025
- 33 -
28
Directors' transactions

Advances or credits have been granted by the group to its directors as follows:

Loans
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
-
-
6,404
6,404
-
-
3,743
3,743
-
-
5,745
5,745
-
15,892
15,892
29
Controlling party

The immediate and ultimate controlling party at the reporting date was Mr T B Peachey.

30
Cash generated from group operations
2025
2024
£
£
Profit after taxation
880,093
1,091,282
Adjustments for:
Taxation charged
323,187
388,865
Finance costs
1,440
2,699
Investment income
(74,817)
(33,585)
Gain on disposal of tangible fixed assets
(8,971)
(2,500)
Depreciation and impairment of tangible fixed assets
447,556
347,636
Decrease in deferred income
(21,703)
(97,039)
Movements in working capital:
Decrease/(increase) in stocks
12,404
(14,979)
Decrease/(increase) in debtors
9,113
(268,047)
Increase/(decrease) in creditors
71,637
(221,478)
Cash generated from operations
1,639,939
1,192,854
31
Analysis of changes in net funds - group
30 September 2024
Cash flows
28 September 2025
£
£
£
Cash at bank and in hand
2,952,188
276,088
3,228,276
Borrowings excluding overdrafts
(115,010)
16,960
(98,050)
Payment of finance leases obligations
(72,857)
25,525
(47,332)
2,764,321
318,573
3,082,894
2025-09-28 2024-09-30 false false CCH Software CCH Accounts Production 2026.100 T B Peachey J S T Gunn J S T Gunn G P Peachey false 02063160 2024-09-30 2025-09-28 02063160 bus:CompanySecretaryDirector1 2024-09-30 2025-09-28 02063160 bus:Director1 2024-09-30 2025-09-28 02063160 bus:Director2 2024-09-30 2025-09-28 02063160 bus:CompanySecretary1 2024-09-30 2025-09-28 02063160 bus:Director3 2024-09-30 2025-09-28 02063160 bus:RegisteredOffice 2024-09-30 2025-09-28 02063160 bus:Consolidated 2025-09-28 02063160 bus:Consolidated 2024-09-30 2025-09-28 02063160 bus:Consolidated 2023-09-25 2024-09-29 02063160 2023-09-25 2024-09-29 02063160 2025-09-28 02063160 bus:Consolidated 2024-09-29 02063160 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2025-09-28 02063160 core:LandBuildings core:LeasedAssetsHeldAsLessee bus:Consolidated 2025-09-28 02063160 core:PlantMachinery bus:Consolidated 2025-09-28 02063160 core:FurnitureFittings bus:Consolidated 2025-09-28 02063160 core:MotorVehicles bus:Consolidated 2025-09-28 02063160 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-09-29 02063160 core:LandBuildings core:LeasedAssetsHeldAsLessee bus:Consolidated 2024-09-29 02063160 core:PlantMachinery bus:Consolidated 2024-09-29 02063160 core:FurnitureFittings bus:Consolidated 2024-09-29 02063160 core:MotorVehicles bus:Consolidated 2024-09-29 02063160 2024-09-29 02063160 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2025-09-28 02063160 core:CurrentFinancialInstruments bus:Consolidated 2024-09-29 02063160 core:ShareCapital bus:Consolidated 2025-09-28 02063160 core:ShareCapital bus:Consolidated 2024-09-29 02063160 core:RevaluationReserve bus:Consolidated 2025-09-28 02063160 core:RevaluationReserve bus:Consolidated 2024-09-29 02063160 core:OtherMiscellaneousReserve bus:Consolidated 2025-09-28 02063160 core:OtherMiscellaneousReserve bus:Consolidated 2024-09-29 02063160 core:ShareCapital 2025-09-28 02063160 core:ShareCapital 2024-09-29 02063160 core:RetainedEarningsAccumulatedLosses 2025-09-28 02063160 core:RetainedEarningsAccumulatedLosses 2024-09-29 02063160 core:ShareCapital 2023-09-24 02063160 core:RevaluationReserve 2023-09-24 02063160 core:OtherMiscellaneousReserve 2023-09-24 02063160 core:RetainedEarningsAccumulatedLosses 2023-09-24 02063160 2023-09-24 02063160 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-28 02063160 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-29 02063160 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2024-09-29 02063160 core:Non-currentFinancialInstruments 2025-09-28 02063160 core:Non-currentFinancialInstruments 2024-09-29 02063160 bus:Consolidated 2023-09-24 02063160 core:Goodwill 2024-09-30 2025-09-28 02063160 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 2025-09-28 02063160 core:LandBuildings core:LongLeaseholdAssets 2024-09-30 2025-09-28 02063160 core:PlantMachinery 2024-09-30 2025-09-28 02063160 core:FurnitureFittings 2024-09-30 2025-09-28 02063160 core:MotorVehicles 2024-09-30 2025-09-28 02063160 core:UKTax bus:Consolidated 2024-09-30 2025-09-28 02063160 core:UKTax bus:Consolidated 2023-09-25 2024-09-29 02063160 bus:Consolidated 1 2024-09-30 2025-09-28 02063160 bus:Consolidated 1 2023-09-25 2024-09-29 02063160 bus:Consolidated 2 2024-09-30 2025-09-28 02063160 bus:Consolidated 2 2023-09-25 2024-09-29 02063160 core:NegativeGoodwill bus:Consolidated 2024-09-29 02063160 core:NegativeGoodwill bus:Consolidated 2025-09-28 02063160 core:NegativeGoodwill bus:Consolidated 2024-09-29 02063160 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-09-29 02063160 core:LandBuildings core:LeasedAssetsHeldAsLessee bus:Consolidated 2024-09-29 02063160 core:PlantMachinery bus:Consolidated 2024-09-29 02063160 core:FurnitureFittings bus:Consolidated 2024-09-29 02063160 core:MotorVehicles bus:Consolidated 2024-09-29 02063160 bus:Consolidated 2024-09-29 02063160 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-09-30 2025-09-28 02063160 core:LandBuildings core:LeasedAssetsHeldAsLessee bus:Consolidated 2024-09-30 2025-09-28 02063160 core:PlantMachinery bus:Consolidated 2024-09-30 2025-09-28 02063160 core:FurnitureFittings bus:Consolidated 2024-09-30 2025-09-28 02063160 core:MotorVehicles bus:Consolidated 2024-09-30 2025-09-28 02063160 core:PlantMachinery 2025-09-28 02063160 core:PlantMachinery 2024-09-29 02063160 core:MotorVehicles 2025-09-28 02063160 core:MotorVehicles 2024-09-29 02063160 core:UnlistedNon-exchangeTraded bus:Consolidated 2025-09-28 02063160 core:UnlistedNon-exchangeTraded bus:Consolidated 2024-09-29 02063160 core:UnlistedNon-exchangeTraded 2025-09-28 02063160 core:UnlistedNon-exchangeTraded 2024-09-29 02063160 core:Subsidiary1 2024-09-30 2025-09-28 02063160 core:Subsidiary2 2024-09-30 2025-09-28 02063160 core:Subsidiary3 2024-09-30 2025-09-28 02063160 core:Subsidiary4 2024-09-30 2025-09-28 02063160 core:Subsidiary5 2024-09-30 2025-09-28 02063160 core:Subsidiary6 2024-09-30 2025-09-28 02063160 core:Subsidiary7 2024-09-30 2025-09-28 02063160 core:Subsidiary1 1 2024-09-30 2025-09-28 02063160 core:Subsidiary2 2 2024-09-30 2025-09-28 02063160 core:Subsidiary3 3 2024-09-30 2025-09-28 02063160 core:Subsidiary4 4 2024-09-30 2025-09-28 02063160 core:Subsidiary5 5 2024-09-30 2025-09-28 02063160 core:Subsidiary6 6 2024-09-30 2025-09-28 02063160 core:Subsidiary7 7 2024-09-30 2025-09-28 02063160 core:CurrentFinancialInstruments bus:Consolidated 2025-09-28 02063160 core:CurrentFinancialInstruments 2025-09-28 02063160 core:CurrentFinancialInstruments 2024-09-29 02063160 core:CurrentFinancialInstruments bus:Consolidated 1 2025-09-28 02063160 core:CurrentFinancialInstruments bus:Consolidated 1 2024-09-29 02063160 core:CurrentFinancialInstruments 2 2025-09-28 02063160 core:CurrentFinancialInstruments 2 2024-09-29 02063160 core:Non-currentFinancialInstruments bus:Consolidated 2025-09-28 02063160 core:Non-currentFinancialInstruments bus:Consolidated 2024-09-29 02063160 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2025-09-28 02063160 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2024-09-29 02063160 core:Non-currentFinancialInstruments core:AfterOneYear 2025-09-28 02063160 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-29 02063160 core:WithinOneYear bus:Consolidated 2025-09-28 02063160 core:WithinOneYear bus:Consolidated 2024-09-29 02063160 core:WithinOneYear 2025-09-28 02063160 core:WithinOneYear 2024-09-29 02063160 core:BetweenTwoFiveYears bus:Consolidated 2025-09-28 02063160 core:BetweenTwoFiveYears bus:Consolidated 2024-09-29 02063160 core:BetweenTwoFiveYears 2025-09-28 02063160 core:BetweenTwoFiveYears 2024-09-29 02063160 bus:PrivateLimitedCompanyLtd 2024-09-30 2025-09-28 02063160 bus:FRS102 2024-09-30 2025-09-28 02063160 bus:Audited 2024-09-30 2025-09-28 02063160 bus:ConsolidatedGroupCompanyAccounts 2024-09-30 2025-09-28 02063160 bus:FullAccounts 2024-09-30 2025-09-28 xbrli:pure xbrli:shares iso4217:GBP