Peercroft Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Peercroft Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02764795 . The registered office is 100 Boldmere Road, Sutton Coldfield, West Midlands, B73 5UB.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

As at 31 December 2025, the balance sheet reflects net current liabilities amounting to £4,919,434. However, included in creditors amounts falling due within one year are loans due to group companies amounting to £4,616,000. The group companies have given assurances that they will not request repayment of these loans if this would affect the ability of the company to continue to trade effectively. The director therefore considers preparing the financial statements on the going cpncern basis to be appropriate.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of machinery, property rental and commissions.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

15% reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. 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 the 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.

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Peercroft Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost or Valuation
As at 1 January 2025	6,297,027
Additions	285,951
Disposals	(211,000 )

As at 31 December 2025	6,371,978

Depreciation
As at 1 January 2025	4,741,605
Provided during the period	274,979
Disposals	(202,822 )

As at 31 December 2025	4,813,762

Net Book Value
As at 31 December 2025	1,558,216

As at 1 January 2025	1,555,422

5. Investment Property

	2025
	£
Fair Value
As at 1 January 2025	11,005,964
Additions	956,742
Disposals	(141,873 )

As at 31 December 2025	11,820,833

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	7,807,051	6,850,309

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	128,142	56,217
Other debtors	68,684	-

	196,826	56,217

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Peercroft Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	85,620	63,270
Corporation tax	180,561	211,213
VAT	101,545	100,081
Other creditors	1,000,000	1,500,000
Accruals and deferred income	5,500	4,250
Amounts owed to group undertakings	966,000	558,600
Amounts owed to parent undertaking	3,650,000	2,650,000

	5,989,226	5,087,414

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Capital Commitments

	2025	2024
	£	£
At the end of the period	160,295	-

At the end of the period, the company had capital commitments contracted for but not provided in these financial statements

10. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 January 2025	3,962,773	3,330,531
Profit for the year and total comprehensive income	-	402,676

As at 31 December 2025	3,962,773	3,733,207

11. Related Party Transactions

At the year end a loan of £3,650,000 (2024 - £2,650,000) was payable to Adriatic Investments Limited. The loan is unsecured and repayable on demand. Assurances have been given that repayment will not be requested if this would affect the ability of the company to trade effectively.

At the year end a loan of £966,000 (2024 - £558,600) was payable to Selecta Systems Limited. The loan is unsecured and repayable on demand.

Income of £848,032 (2024 - £715,500) was earned during the year from Selecta Systems Limited and a net cost of £38,441 (2024 - £18,167) was recharged to Selecta Systems Limited during the year. At the year end £64,128 (2024 - £Nil) was owed by Selecta Systems Limited and £Nil (2024 - £15,000) was owed to Selecta Systems Limited.

On 1 December 2025 an investment property was transferred to Adriatic Properties Ltd, a group company, under the provisions of TCGA 1992 section 171 on a no gain no loss basis.

Related party costs of £65,000 (2024 - £65,000) were incurred by Peercroft Limited in relation to consultancy charges paid to one shareholder of the reporting entity. During the year, loans of £1,000,000 were received from this shareholder repayable on 23 June 2026 and 15 July 2026 and charging interest at 6% per annum.

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Peercroft Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

12. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13. Controlling Party

The company's parent undertaking is Adriatic Investments Limited , a company incorporated in the Isle of Man by virtue of its ownership of 90% of the issued share capital in the company. The ultimate controlling party is Mark Weihe who controls 100% of the sharer capital of Adriatic Investments Limited.

14. Audit Information

The auditor's report on the accounts of Peercroft Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Alan Joseph Weatherer (Senior Statutory Auditor) for and on behalf of Weatherer Bailey Bragg LLP , Statutory Auditor.

Weatherer Bailey Bragg LLP

100 Boldmere Road

Sutton Coldfield

West Midlands

B73 5UB

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,558,216		1,555,422
Investment Properties	5		11,820,833		11,005,964

			13,379,049		12,561,386
CURRENT ASSETS
Debtors	6	196,826		56,217
Cash at bank and in hand		874,467		504,013

		1,071,293		560,230
Creditors: Amounts Falling Due Within One Year	7	(5,989,226 )		(5,087,414 )

NET CURRENT ASSETS (LIABILITIES)			(4,917,933 )		(4,527,184 )

TOTAL ASSETS LESS CURRENT LIABILITIES			8,461,116		8,034,202

PROVISIONS FOR LIABILITIES
Deferred Taxation			(765,036 )		(740,798 )

NET ASSETS			7,696,080		7,293,404

CAPITAL AND RESERVES
Called up share capital	8		100		100
Revaluation reserve	10		3,962,773		3,962,773
Profit and Loss Account			3,733,207		3,330,531

SHAREHOLDERS' FUNDS			7,696,080		7,293,404