The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Peter Mays (Investments) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Betchworth House, 57-65 Station Road, Redhill, Surrey, RH1 1DL.

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

The financial statements have been prepared on the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

The cumulative surplus on revaluation whilst recognised in profit or loss, is not distributable. The Company transfers such revaluation surplus to a separate revaluation reserve within retained earnings together with the associated deferred tax annually.

Although this accounting policy is in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102"), it is a departure from the general requirements of the Companies Act 2006 for all tangible fixed assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Cash and cash equivalents are basic financial assets and include cash in hand and balances held at call with banks.

The company only has financial instruments classified as basic and measured at amortised cost. The company has no financial instruments that are classified as 'other' or financial instruments measured at fair value.

Equity instruments issued by the company 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 company.

The tax expense represents the sum of the tax currently payable and deferred 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 company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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 when the company has 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.

In the application of the company’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.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

The Company uses the valuation performed by independent valuers as the fair value of its investment properties. The investment properties were valued on an open market basis by reference to market evidence of transaction prices for similar properties. The investment properties owned by the company were valued as at 25 December 2016. One of the properties was re-valued in January 2020. The Directors believe the valuation is now different and a valuation has been commissioned.

The average monthly number of persons (including directors) employed by the company during the year was 5 (2024 - 5).

The freehold properties were valued by professional external valuers, White & Sons, on an open market basis at 25 December 2016 and are included at their valuation amount. One of the properties was re-valued in January 2020 by White & Sons, on an open market basis.

In the opinion of the directors, the market value of the properties is different from the figures at which they are stated in the financial statements, but the directors are unable to quantify that difference. A valuation of the properties has been commissioned and this will be incorporated into the 2026 financial statements.

Historical cost of the land and buildings is £126,241 (2024 - £126,241).

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

The 6% cumulative preference shares confer a priority right to a 6% dividend but no right to further participation in profits. On winding up, they rank in priority in respect of dividends and capital but do not confer further rights to participation in assets.

The 10% cumulative second preference shares confer similar rights and rank before ordinary shares but after the first preference shares.

All three classes enjoy equal voting rights.

During the year A. M. Heaps, a director of the company, received dividends of £22,750 (2024 - £17,875) on her holding of ordinary shares, £40 (2024 - £40) on her holding of 6% preference shares, and £6,295 (2024 - £6,295) on her holding of 10% preference shares.

During the year S. E. Crowther, a director of the company, received dividends of £10,220 (2024 - £8,030) on her holding of ordinary shares, £2 (2024 - £2) on her holding of 6% preference shares, and £2,200 (2024 - £2,200) on her holding of 10% preference shares.

During the year D. J. Montgomery, a director of the company, received £10 (2024 - £10) on his holding of 10% preference shares.

During the year E. E. Dean, a director of the company, received dividends of £2,625 (2024 - £2,063) on her holding of ordinary shares.

During the year G. K. Ingram, a director of the company, received dividends of £7,000 (2024 - £5,500) on her holding of ordinary shares.