REGISTERED NUMBER: 00486059 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

KEN PEIRSON & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A J S Peirson

Mrs D E Nelson

Mrs R A Peirson

Mr A N Peirson

Mr W Peirson

REGISTERED OFFICE:

86 Old Bedford Road

Luton

Bedfordshire

LU2 7PD

REGISTERED NUMBER:

00486059 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

4

227,149

187,989

Investments

5

136,157

59,189

Investment property

6

1,709,875

1,709,875

2,073,181

1,957,053

CURRENT ASSETS

Stocks

205,182

223,694

Debtors

7

488,599

637,233

Cash at bank and in hand

901,651

549,936

1,595,432

1,410,863

CREDITORS

Amounts falling due within one year

8

224,953

190,470

NET CURRENT ASSETS

1,370,479

1,220,393

TOTAL ASSETS LESS CURRENT LIABILITIES

3,443,660

3,177,446

PROVISIONS FOR LIABILITIES

9

281,717

271,149

NET ASSETS

3,161,943

2,906,297

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

1,060,840

1,060,840

Retained earnings

2,100,103

1,844,457

SHAREHOLDERS' FUNDS

3,161,943

2,906,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

Mr A J S Peirson - Director

Mr A N Peirson - Director

1.	STATUTORY INFORMATION

Ken Peirson & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

Straight line over 6 years

Fixtures and fittings

-

Straight line over 4 years

Motor vehicles

-

25% on reducing balance

The freehold property is being depreciated to its estimated residual value over its deemed useful economic life. The directors believe the residual value to be at least the current carrying value in these accounts and therefore depreciation would be negligible. The directors review the estimated residual value at the end of each accounting period. The maintenance costs are charged to the profit and loss account in the year incurred.

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 November 2024

79,516

35,212

137,154

173,832

425,714

Additions

-

-

3,853

81,611

85,464

Disposals

-

-

-

(35,360

)

(35,360

)

At 31 October 2025

79,516

35,212

141,007

220,083

475,818

DEPRECIATION

At 1 November 2024

-

26,900

126,789

84,036

237,725

Charge for year

-

2,160

5,618

25,123

32,901

Eliminated on disposal

-

-

-

(21,957

)

(21,957

)

At 31 October 2025

-

29,060

132,407

87,202

248,669

NET BOOK VALUE

At 31 October 2025

79,516

6,152

8,600

132,881

227,149

At 31 October 2024

79,516

8,312

10,365

89,796

187,989

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 November 2024

59,189

Revaluations

76,968

At 31 October 2025

136,157

NET BOOK VALUE

At 31 October 2025

136,157

At 31 October 2024

59,189

Cost or valuation at 31 October 2025 is represented by:

Listed

investments

£

Valuation in 2025

136,157

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

1,709,875

NET BOOK VALUE

At 31 October 2025

1,709,875

At 31 October 2024

1,709,875

Fair value at 31 October 2025 is represented by:

£

Valuation in 2025

1,709,875

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

424,034

424,034

Investment property was valued on an open market basis on 31 December 2023 by Peter Hill Chartered Surveyors .

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

139,546

203,556

Other debtors

19,005

4,970

Tax

2,736

-

Prepayments and accrued income

22,412

23,707

183,699

232,233

Amounts falling due after more than one year:

Other debtors

304,900

405,000

Aggregate amounts

488,599

637,233

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

38,590

13,528

Corporation tax

63,334

35,264

Taxation and social security

56,090

33,123

VAT

-

300

Payments received on account

9,450

10,350

Other creditors

2,715

20,000

Directors' loan accounts

13,224

36,355

Accruals and deferred income

41,550

41,550

224,953

190,470

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

249,717

239,149

Other provisions

32,000

32,000

281,717

271,149

Deferred

tax

£

Balance at 1 November 2024

239,149

Provided during year

10,568

Balance at 31 October 2025

249,717

Other provisions represents a provision for warranty work which may be required in the future.

10.	ULTIMATE PARENT COMPANY

The company is a fully owned subsidiary of KP1 New Co Limited.

The Registered office is:

86 Old Bedford Road

Luton

Bedfordshire

LU2 7PD

11.	ULTIMATE CONTROLLING PARTIES

The ultimate controlling parties of the company are Mr Anthony Peirson, Mr Andrew Peirson, Mrs Diane Nelson and Paul D Peirson Settlement Trust.