Potters Resorts Limited Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 13675254

Potters Resorts Limited

Financial Statements

31 December 2025

Potters Resorts Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Director's report	5

Independent auditor's report to the members	8

Consolidated statement of income and retained earnings	12

Company statement of income and retained earnings	13

Consolidated statement of financial position	14

Company statement of financial position	15

Consolidated statement of cash flows	16

Notes to the financial statements	17

Potters Resorts Limited

Officers and Professional Advisers

Director	Mr J H Potter

Registered office	2 Westbrook Court
	Sharrow Vale Road
	Sheffield
	South Yorkshire
	S11 8YZ

Auditor	Hebblethwaites
	Chartered accountants & statutory auditor
	2 Westbrook Court
	Sharrow Vale Road
	Sheffield
	S11 8YZ

Bankers	Barclays

Potters Resorts Limited

Strategic Report

Year ended 31 December 2025

Development and performance of the business The principal activity of the group during the year continued to be in the provision of holiday and recreational facilities . Potters operates from two resorts in the United Kingdom, at Hopton On Sea on the South East Coast of England and Five Lakes in Essex. The group invests heavily to ensure that it delivers high quality service, accommodation and facilities, combined with numerous activities to cater for loyal guests to offer a unique proposition for families in the UK market and now, as a marketed USP, on a fully inclusive basis and, selectively, on an adult only basis. Business has been extremely strong in the so called staycation market, having remained buoyant in the post pandemic era despite a general return to international travel. There remains an element of reluctance, in the target market of the group, to return to overseas holidays which, allied to an expanding short break market, has resulted in strong and ongoing future reservation levels. Financial Performance The latest year has reflected a further year of revenue enhancement, with a net improvement in turnover of 7%, this following the previous year's growth of 11%. Administrative and overhead costs have, however, also increased quite markedly, this largely as a consequence of global and macro-economic issues which have significantly impacted on some of the key cost categories of the business including, in particular, costs of employment. This has given rise to a pre tax profit for the year of £4.98 million (2024: £4.2 Million) The statement of financial position reflects the post tax profit and dividend distributions during the year and as a result, shareholder funds have decreased from £23.9 million to £21.2 million. The significant, and ongoing, capital investment undertaken by the group in recent years is expected to continue to assist in the generation of future, and enhanced, levels of revenue and profitability, in addition to which the group continues to explore new avenues of revenue and profit generation. Key performance indicators Turnover growth 2025: 7% (2024: 11%) Gross profit percentage 2025: 68% (2024: 68%) Profit after tax 2025: £3.5m (2024: £2.9m) Year end position The year end position of the group, as portrayed by the Statement of Financial Position, is extremely healthy. The net asset strength and ongoing support made available by the group bankers provides a significant platform for future expansion and growth in a market of high demand. Ongoing investment in enhanced facilities and high levels of resort maintenance continue to strengthen the underlying asset base as reflected in the Statement of Financial Position. In addition, the intangible value of the reputation, history and service branding of "The Resort" adds synergies and underlying value.

Principal risks and uncertainties

FRAUD A risk of fraud exists in terms of the possible misappropriation of assets, including the possibility of theft of stock and cash held by the group. The group mitigates this risk through the management structure with appropriate controls in place and regular financial reviews involving the extensive use of business software and related systems. MARKET RISK FACTORS General Economic Conditions The disposable income of guests will be affected by changes in general economic environment and this may result in a fall in the number of guests and/or a decrease in on-site expenditure. The directors regularly review its product offering and engages with guests to ensure value for money. The current market analysis and review does not indicate any projected diminishing guest numbers, in fact the opposite is the current perception and understanding. Health and pandemic risks Following the global COVID-19 pandemic consequences of recent years, there inevitably remains a risk, in a high occupancy environment such as the Resorts, of transmittable diseases, of various types both known and not yet known, posing a threat to the ongoing business. The group is managed in such a way as to minimise such risks and to constantly monitor the position and introduce measures and restrictions as necessary to control any such health risks. If these risks and uncertainties materialise, they could result in a material change in the forecast liquidity and trading position of the group, if with ongoing profitability and increasing reserves, the resilience of the group to such issues is enhanced. Competition Potters has a reputation for high quality breaks, but competes with other holiday options available to guests. The Directors believe that this risk is mitigated by the strength of the Potters brand and the high volume of return guests who enjoy the continual investment in the accommodation and central facilities, allied to the unique inclusive break packages now on offer to guests. FINANCIAL RISKS The Directors and senior management monitor the financial requirements of the group and associated risks. The group finances its operations and developments via a mixture of retained earnings and borrowings as required. Borrowings are in the form of overdraft facilities and term loans which have full support from the group bankers and secured on the group assets. The directors have assessed future compliance with financial covenants and at this time do not foresee any breach. Interest rate risk Principal sources of borrowings are subject to variable rates of interest. Rates are not currently prohibitive, nor are they anticipated to be, per continual detailed forecasts. Liquidity risk The group maintains sufficient levels of cash and liquidity to meet its medium-term working capital and funding obligations. Rolling forecasts of liquidity requirements are prepared and monitored. Credit risk Cash balances are held on deposit. Credit risk from revenue streams is limited as customers are required to pay in advance of their holiday. Financial reporting risks The group's financial systems are required to process a large number of transactions, weaknesses could result in the incorrect reporting of financial results. This risk is mitigated by the production of detailed management accounts which are compared to budgets and forecasts on a monthly basis, thus providing a control environment to readily identify any issues.

SECTION 172(1) STATEMENT The Board aims to promote the success of the group for the benefit of its members as a whole and have collectively acted in good faith, making strategic decisions to enable the business to grow and develop. The Board look to ensure the decision making process provides benefit to employees and its stakeholders whist maintaining fairness: The group is looking to invest in the resorts to secure the long term future. The group relies on its staff to ensure quality service is maintained. Staff are remunerated at the relevant level dependent on role and experience, whilst staff in key roles are involved in the decision making process. It is imperative to maintain a good relationship with our customers and vital for the reputation, to maintain high level of service in the resorts. The supply chain is important to the brand and allow smooth operation within the resort. We maintain a good relationship with our suppliers so that the group can maintain its high standards. Respecting our planet, looking to make energy savings and reducing the carbon footprint are part of our ongoing plans.

This report was approved by the board of directors on 30 June 2026 and signed on behalf of the board by:

Mr J H Potter
Director

Registered office:

2 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

Potters Resorts Limited

Director's Report

Year ended 31 December 2025

The director presents his report and the financial statements of the group for the year ended 31 December 2025 .

Director

The director who served the company during the year was as follows:

Mr J H Potter

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

Future developments

The group has made significant progress since the enforced closures that impacted the hotel and leisure industry so heavily. This is the fourth full year of trade since re-opening and no changes to the nature of the business are anticipated in the longer term, but the directors are committed to delivering a safe environment, with the health and safety of our guests and team members being one of our highest priorities. The group is looking to improve efficiencies and reduce its carbon footprint further following the significant solar energy generation investment in 2023.

Greenhouse gas emissions and energy consumption

	Unit	2025	2024
Electricity grid and renewable	tCO2e	1,943	1,935
Petrol and diesel	tCO2e	62	62
Natural gas	tCO2e	1,625	1,614
		-------	-------
Total emissions	tCO2e	3,630	3,611
Greenhouse Gas Emississions Intensity Ratio: C02 per £100,000 of revenue		6.64	7.43
		-------	-------

Methodologies for energy and emissions calculations

Data has been collected in respect of the period ended 31 December 2025 and reported on a consistent basis with that used for the Group's Energy Savings Opportunity Scheme (ESOS) reporting.

Principal measures taken to increase energy efficiency

The Group has implemented a number of energy efficiency actions to limit emissions, including the following: - In 2023 the company completed a significant Solar energy generation investment. - The installation of the Solar array is expected to generate upto 20% of the resort's expected ongoing electricity consumption. - Installation of Voltage Reduction Equipment to help reduce overall electricity usage, net saving of 6.9%. - A significant programme of upgrading the lighting to LED across the resorts. - A significant programme of gas boiler modern replacements to reduce emissions and gas consumption. - Installation of EV charge points for resort and guest use and expand use of EV in the fleet. - Implement additional sub-metering where appropriate to support targeted efficiency actions. - Introduction of an Energy Awareness Team to establish resort wide good working practice to reduce unnecessary usage. - Review and implement cost effective opportunities to implement large scale carbon reduction schemes. - Ongoing development of long-term energy usage and emissions plans to support UK government aims for 2030 and beyond. - All ESOS 1, ESOS 2 & ESOS 3 phases are complete and the group looks forward to working with engaged consultants on the next round. - Energy consumption and electricity generation is constantly measured, reported visibly across the group and regularly reviewed. The headline 2025 CO2e tonnes per £100,000 of revenue ratio of 6.64 has been substantially reduced from earlier years following the implementation of the above measures.

Employment of disabled persons

The group has a policy of equal opportunities and is committed to training, developing and promoting employees of all nationalities, religions, gender or physical ability.

Employee involvement

The group has continued its' policy of consultation with employees relative to the provision of information and in the context of performance and awareness of factors affecting the group.

Financial instruments

The group finances it's operations through a mixture of retained earnings and borrowings as required.

Liquidity risk is managed by ensuring sufficient levels of cash are available to enable the group to meet its short and medium-term working capital and debt service obligations.

Credit risk in respect of the group's revenue streams is limited as the vast majority of customers pay in advance.

Research and development

No research and development activities were undertaken during the year.

Disclosure of information in the strategic report

The group has set out, on pages 2,3 and 4, the Strategic Report for the year, which incorporates the business review for the year.

Director's responsibilities statement

The director is responsible for preparing the strategic report, director's report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and the company and the profit or loss of the group for that period. In preparing these financial statements, the director is required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information.

This report was approved by the board of directors on 30 June 2026 and signed on behalf of the board by:

Mr J H Potter
Director

Registered office:

2 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

Potters Resorts Limited

Independent Auditor's Report to the Members of Potters Resorts Limited

Year ended 31 December 2025

Opinion

We have audited the financial statements of Potters Resorts Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the consolidated statement of income and retained earnings, company statement of income and retained earnings, consolidated statement of financial position, company statement of financial position, consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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 of the parent company's affairs as at 31 December 2025 and of the group's profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 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 director's 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 or the 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 director 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 director is responsible for the other information. 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. In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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 the audit:

- the information given in the strategic report and the director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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

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 its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the director's report. 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 director's remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of the director

As explained more fully in the director's responsibilities statement, the director is 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 director determines 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 director is responsible for assessing the group's and the 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 director either intends to liquidate the group or the parent company or to cease operations, or has 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: - the nature of the industry and sector, control environment and business performance, including the identification of related party transactions, and matters which could potentially impact on the company's continuation as a going concern; - results of our enquiries of management and assessment of the risks of irregularities; - any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to: - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; - the matters discussed among the audit engagement team, including how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK Corporate Governance Code and local tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the director. - Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the 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 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 company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Richard Murdoch FCA

(Senior Statutory Auditor)

For and on behalf of

Hebblethwaites

Chartered accountants & statutory auditor

2 Westbrook Court

Sharrow Vale Road

Sheffield

S11 8YZ

1 July 2026

Potters Resorts Limited

Consolidated Statement of Income and Retained Earnings

Year ended 31 December 2025

		2025	2024
Note		£	£
Turnover	4	54,498,163	50,762,011

Cost of sales	17,217,161	16,040,214
	-------------	-------------
Gross profit	37,281,002	34,721,797

Administrative expenses		30,916,850	28,746,859
		-------------	-------------
Operating profit	5	6,364,152	5,974,938

Other interest receivable and similar income	9	94,785	–
Interest payable and similar expenses	10	1,477,841	1,773,912
		-------------	-------------
Profit before taxation		4,981,096	4,201,026

Tax on profit	11	1,474,555	1,279,536
		------------	------------
Profit for the financial year and total comprehensive income		3,506,541	2,921,490
		------------	------------

Dividends paid and payable	12	( 6,144,000)	–

Retained earnings at the start of the year	23,832,249	20,910,759
	-------------	-------------
Retained earnings at the end of the year	21,194,790	23,832,249
	-------------	-------------

All the activities of the group are from continuing operations.

Potters Resorts Limited

Company Statement of Income and Retained Earnings

Year ended 31 December 2025

		2025	2024
Note		£	£
Profit for the financial year and total comprehensive income		6,110,710	–
Dividends paid and payable	12	( 6,144,000)	–

Retained earnings at the start of the year	101,262	101,262
	------------	---------
Retained earnings at the end of the year	67,972	101,262
	------------	---------

Potters Resorts Limited

Consolidated Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	13	12,446,784	13,224,708
Tangible assets	14	44,508,661	43,483,378
		-------------	-------------
		56,955,445	56,708,086

Current assets

Stocks	16	464,140	405,779
Debtors: due within one year	17	2,619,581	6,017,206
Debtors: due after more than one year	17	–	1,354,868
Cash at bank and in hand		5,266,536	2,545,496
		------------	-------------
		8,350,257	10,323,349

Creditors: amounts falling due within one year	18	23,148,499		40,960,467
		-------------		-------------
Net current liabilities			14,798,242	30,637,118
			-------------	-------------
Total assets less current liabilities			42,157,203	26,070,968

Creditors: amounts falling due after more than one year	19		19,031,834	126,380

Provisions	21	1,906,579	2,088,339
		-------------	-------------
Net assets		21,218,790	23,856,249
		-------------	-------------

Capital and reserves

Called up share capital	24	24,000	24,000
Profit and loss account	25	21,194,790	23,832,249
		-------------	-------------
Shareholders funds		21,218,790	23,856,249
		-------------	-------------

These financial statements were approved by the board of directors and authorised for issue on 30 June 2026 , and are signed on behalf of the board by:

Mr J H Potter
Director

Company registration number: 13675254

Potters Resorts Limited

Company Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Investments	15		21,623,990	21,623,990

Current assets

Debtors: due within one year	17	3,648,222		3,392,222

Creditors: amounts falling due within one year	18	5,289,290		23,987,500
		------------		-------------
Net current liabilities			1,641,068	20,595,278
			-------------	-------------
Total assets less current liabilities			19,982,922	1,028,712

Creditors: amounts falling due after more than one year	19	18,987,500	–
		-------------	------------
Net assets		995,422	1,028,712
		-------------	------------

Capital and reserves

Called up share capital	24	24,000	24,000
Capital redemption reserve	25	903,450	903,450
Profit and loss account	25	67,972	101,262
		---------	------------
Shareholders funds		995,422	1,028,712
		---------	------------

The profit for the financial year of the parent company was £ 6,110,710 (2024: £Nil).

These financial statements were approved by the board of directors and authorised for issue on 30 June 2026 , and are signed on behalf of the board by:

Mr J H Potter
Director

Company registration number: 13675254

Potters Resorts Limited

Consolidated Statement of Cash Flows

Year ended 31 December 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	3,506,541	2,921,490

Adjustments for:
Depreciation of tangible assets	2,988,658	2,547,424
Amortisation of intangible assets	777,924	777,924
Other interest receivable and similar income	( 94,785)	–
Interest payable and similar expenses	1,477,841	1,773,912
Loss/(gains) on disposal of tangible assets	6,467	( 52,981)
Tax on profit	1,474,555	1,279,536
Accrued (income)/expenses	( 534,832)	217,616

Changes in:
Stocks	( 58,361)	( 25,390)
Trade and other debtors	( 1,354,075)	201,408
Trade and other creditors	1,182,312	( 613,767)
	------------	------------
Cash generated from operations	9,372,245	9,027,172

Interest paid	( 1,477,841)	( 1,773,912)
Interest received	94,785	–
Tax paid	( 133,489)	–
	------------	------------
Net cash from operating activities	7,855,700	7,253,260
	------------	------------

Cash flows from investing activities

Purchase of tangible assets	( 4,073,959)	( 2,920,128)
Proceeds from sale of tangible assets	53,551	60,645
	------------	------------
Net cash used in investing activities	( 4,020,408)	( 2,859,483)
	------------	------------

Cash flows from financing activities

Repayments of borrowings	( 1,000,000)	( 1,150,000)
Payments of finance lease liabilities	( 114,252)	( 66,882)
	------------	------------
Net cash used in financing activities	( 1,114,252)	( 1,216,882)
	------------	------------

Net increase in cash and cash equivalents	2,721,040	3,176,895
Cash and cash equivalents at beginning of year	2,545,496	(631,399)
	------------	------------
Cash and cash equivalents at end of year	5,266,536	2,545,496
	------------	------------

Dividends during the year of £6,144,000 were declared and used to clear an overdrawn loan account. This represents a non cash transaction, see note 12, 17 and 28 to see the impact of this transaction in the accounts.

Potters Resorts Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Westbrook Court, Sharrow Vale Road, Sheffield, South Yorkshire, S11 8YZ.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The group made a profit of £4,981,097 (2024: £4,201,026) during the current period and shareholder funds as at 31 December 2025 were £21,218,790 (2024: £23,856,249). Despite the strong financial performance, the group has a deficiency of net current assets amounting to £14,798,242 (2024: £30,637,118) at the year end. The significant reduction in the net liability position, as noted above, was due to the timing of the group loan facility renewal. At 31 December 2024, the group loan fell due for repayment within one year, but as anticipated, this was re-financed and extended to 30 May 2028, hence the majority of the loan is now due for repayment after one year, as at 31 December 2025. The remaining net liability position is due to the group keeping loan funding levels at a minimum, instead using working capital to fund expansion and renovation of the resorts. The management and directors keep liquidity under constant review, reporting various financial ratios to the group's bankers on a quarterly basis, which is a requirement of the group loan facility. The group loan is secured on the assets and future assets of all companies within the group. The directors are forecasting the group liquidity position to improve further, as a return on the investment by way of increased group profitability, which is already evident. The group has strong forward bookings in both resorts with adequate support from banking facilities, the directors continue to adopt the going concern basis of accounting in preparing the financial statements, and have considered a period in excess of 12 months from the approval date of the financial statements.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102: (a) No cash flow statement has been presented for the company. The company has taken advantage of exemption, under the terms of Financial reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group. Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Consolidation

The financial statements consolidate the financial statements of Potters Resorts Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below. The directors review the estimated useful lives of property, plant and equipment at the end of each reporting period. During the current year, the directors have concluded that no revision is required to these estimates and that residual values exceed carrying values.

Revenue recognition

The turnover shown in the profit and loss account is exclusive of Value Added Tax and represents both residential income and daily income from operations. Residential income is recognised on completion of the guests stay, adjusted for breaks spanning the year end. Daily income from operations is recognised on the day of receipt.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	over 20 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant, equipment, fixtures and fittings	-	3-10 years straight line
Motor vehicles	-	25% straight line
Computer and IT equipment	-	2-5 years straight line

Depreciation is not provided on freehold buildings as the value in use of the properties concerned and the anticipated long expected useful life, coupled with high expected residual value, mean that any depreciation charge would not be material.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Provision of holiday accommodation and associated guest spend	54,498,163	50,762,011
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the group wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Amortisation of intangible assets	777,924	777,924
Depreciation of tangible assets	2,988,658	2,547,424
Loss/(gains) on disposal of tangible assets	6,467	( 52,981)
	------------	------------

6. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	31,250	28,450
	--------	--------

Fees payable to the company's auditor and its associates for other services:

Taxation compliance services	1,000	5,000
Taxation advisory services	2,000	2,500
Other assurance services	1,600	1,550
Other non-audit services	12,823	12,335
	--------	--------
	17,423	21,385
	--------	--------

7. Staff costs

The average number of persons employed by the group during the year, including the director, amounted to:

	2025	2024
	No.	No.
Production staff	760	753
Administrative staff	21	21
Management staff	39	46
	----	----
	820	820
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	20,122,583	18,764,426
Social security costs	1,840,297	1,508,746
Other pension costs	745,776	824,062
	-------------	-------------
	22,708,656	21,097,234
	-------------	-------------

8. Director's remuneration

The director's aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	169,736	219,624
Company contributions to defined contribution pension plans	1,500	118,000
	---------	---------
	171,236	337,624
	---------	---------

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	169,736	219,624
	---------	---------

9. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	94,785	–
	--------	----

10. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	1,290,829	1,597,562
Interest on obligations under finance leases and hire purchase contracts	18,490	17,480
Dividends paid on shares classed as debt	139,200	139,200
Other interest payable and similar charges	29,322	19,670
	------------	------------
	1,477,841	1,773,912
	------------	------------

11. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax income	1,656,315	132,561

Deferred tax:

Origination and reversal of timing differences	( 181,760)	1,146,975
	------------	------------
Tax on profit	1,474,555	1,279,536
	------------	------------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	4,981,096	4,201,026
	------------	------------
Profit on ordinary activities by rate of tax	1,245,273	1,050,256
Effect of expenses not deductible for tax purposes	229,282	229,280
	------------	------------
Tax on profit	1,474,555	1,279,536
	------------	------------

12. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	6,144,000	–
	------------	----

Dividends on shares classed as debt

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2025	2024
	£	£
Dividends on shares classed as financial liabilities	139,200	139,200
	---------	---------

13. Intangible assets

Group	Goodwill
	£
Cost
At 1 January 2025 and 31 December 2025	15,558,480
	-------------
Amortisation
At 1 January 2025	2,333,772
Charge for the year	777,924
	-------------
At 31 December 2025	3,111,696
	-------------
Carrying amount
At 31 December 2025	12,446,784
	-------------
At 31 December 2024	13,224,708
	-------------

The company has no intangible assets.

14. Tangible assets

Group	Freehold property	Plant and machinery	Motor vehicles	Equipment	Investment property	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2025	29,352,688	31,009,972	332,088	650,407	693,473	62,038,628
Additions	1,214,685	2,643,780	114,075	101,419	–	4,073,959
Disposals	–	( 92,470)	( 66,698)	–	–	( 159,168)
	-------------	-------------	---------	---------	---------	-------------
At 31 Dec 2025	30,567,373	33,561,282	379,465	751,826	693,473	65,953,419
	-------------	-------------	---------	---------	---------	-------------
Depreciation
At 1 Jan 2025	–	17,888,637	215,540	451,073	–	18,555,250
Charge for the year	–	2,821,478	51,081	116,099	–	2,988,658
Disposals	–	( 77,810)	( 21,340)	–	–	( 99,150)
	-------------	-------------	---------	---------	---------	-------------
At 31 Dec 2025	–	20,632,305	245,281	567,172	–	21,444,758
	-------------	-------------	---------	---------	---------	-------------
Carrying amount
At 31 Dec 2025	30,567,373	12,928,977	134,184	184,654	693,473	44,508,661
	-------------	-------------	---------	---------	---------	-------------
At 31 Dec 2024	29,352,688	13,121,335	116,548	199,334	693,473	43,483,378
	-------------	-------------	---------	---------	---------	-------------

The company has no tangible assets.

The investment property is included at its fair value. The property has not been valued by an independent valuer, but is based on the opinion of the directors.

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

Group	Fixtures and fittings	Motor vehicles	Total
	£	£	£
At 31 December 2025	184,656	–	184,656
	---------	----	---------
At 31 December 2024	281,293	9,006	290,299
	---------	-------	---------

15. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 January 2025 and 31 December 2025	21,623,990
	-------------
Impairment
At 1 January 2025 and 31 December 2025	–
	-------------

Carrying amount
At 1 January 2025 and 31 December 2025	21,623,990
	-------------
At 31 December 2024	21,623,990
	-------------

Potters Leisure Limited

Registered office: 2 Westbrook Court, Sharrow Vale Road, Sheffield, South Yorkshire, S11 8YZ The company is included by full consideration on a line by line basis.

A.B. Hotels (Five Lakes) Limited

Registered office: 2 Westbrook Court, Sharrow Vale Road, Sheffield, South Yorkshire, S11 8YZ The company is included by full consideration on a line by line basis.

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
Potters Leisure Ltd	Ordinary	100
A.B. Hotels (Five Lakes) Limited	Ordinary	100

16. Stocks

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Stocks of food, beverages and consumables	464,140	405,779	–	–
	---------	---------	----	----

17. Debtors

Debtors falling due within one year are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade debtors	42,863	17,696	–	–
Amounts owed by group undertakings	–	–	3,648,222	3,392,222
Prepayments and accrued income	771,416	456,902	–	–
Director's loan account	–	5,320,904	–	–
S 455 tax recoverable	–	(1,354,868)	–	–
Other debtors	1,805,302	1,576,572	–	–
	------------	------------	------------	------------
	2,619,581	6,017,206	3,648,222	3,392,222
	------------	------------	------------	------------

Debtors falling due after one year are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
S 455 tax recoverable	–	1,354,868	–	–
	----	------------	----	----

Included within other debtors above is an amount of £1,356,219 repayable within 1 year (2024: £1,354,868, which was repayable after one year at the earliest ). This balance relates to tax paid in respect of director's loan accounts which has been repaid in full during the year, and the tax is now repayable back to the company.

18. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	1,000,000	20,987,500	1,000,000	20,987,500
Trade creditors	1,876,624	1,701,634	–	–
Amounts owed to group undertakings	–	–	1,289,290	–
Accruals and deferred income	12,181,313	12,716,145	–	–
Corporation tax	1,656,315	133,489	–	–
Social security and other taxes	1,895,340	1,756,070	–	–
Shares classed as financial liabilities	3,000,000	3,000,000	3,000,000	3,000,000
Obligations under finance leases and hire purchase contracts	82,046	114,252	–	–
Director loan accounts	37,432	–	–	–
Other creditors	1,419,429	551,377	–	–
	-------------	-------------	------------	-------------
	23,148,499	40,960,467	5,289,290	23,987,500
	-------------	-------------	------------	-------------

All hire purchase agreements are secured by a charge over the related asset The bank loan was secured by a legal mortgage over the groups freehold land and buildings and by a debenture over the assets of the company and its subsidiary undertaking. The bank loan due within 12 months, amounting to £1,000,000, (2024: £20,987,500 was renegotiated May 2025).

19. Creditors: amounts falling due after more than one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	18,987,500	–	18,987,500	–
Obligations under finance leases and hire purchase contracts	44,334	126,380	–	–
	-------------	---------	-------------	----
	19,031,834	126,380	18,987,500	–
	-------------	---------	-------------	----

All hire purchase agreements are secured by a charge over the related asset The bank loan was secured by a legal mortgage over the groups freehold land and buildings and by a debenture over the assets of the company and its subsidiary undertaking.

20. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	82,046	114,252	–	–
Later than 1 year and not later than 5 years	44,334	126,380	–	–
	---------	---------	----	----
	126,380	240,632	–	–
	---------	---------	----	----

21. Provisions

Group	Deferred tax (note 22)
	£
At 1 January 2025	2,088,339
Additions	( 181,760)
	------------
At 31 December 2025	1,906,579
	------------

The company does not have any provisions.

22. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Included in provisions (note 21)	1,906,579	2,088,339	–	–
	------------	------------	----	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Accelerated capital allowances	1,906,579	2,088,339	–	–
	------------	------------	----	----

23. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 744,276 (2024: £ 706,062 ).

24. Called up share capital

Issued, called up and fully paid

2025		2024
No.	£	No.	£

Amounts presented in equity:

Ordinary shares of £ 1 each	24,000	24,000	24,000	24,000
	--------	--------	--------	--------

Amounts presented in liabilities:

Preference shares of £ 1 each	3,000,000	3,000,000	3,000,000	3,000,000
	------------	------------	------------	------------

25. Reserves

Capital redemption reserve - This reserve records the nominal value of shares repurchased by the company. Profit and loss account - This reserve records retained earnings and accumulated losses.

26. Analysis of changes in net debt

	At 1 Jan 2025	Cash flows	At 31 Dec 2025
	£	£	£
Cash at bank and in hand	2,545,496	2,721,040	5,266,536
Debt due within one year	(21,101,752)	19,982,274	(1,119,478)
Debt due after one year	(126,380)	(18,905,454)	(19,031,834)
	-------------	-------------	-------------
	( 18,682,636)	3,797,860	( 14,884,776)
	-------------	-------------	-------------

27. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	37,502	24,322	–	–
Later than 1 year and not later than 5 years	104,818	97,287	–	–
	---------	---------	----	----
	142,320	121,609	–	–
	---------	---------	----	----

28. Director's advances, credits and guarantees

At the beginning of the financial year, debtors due within one year included an amount owed by the director of £5,320,904. This loan was repaid in full during the year and as at 31 December 2025 the director was owed £37,432.