REGISTERED NUMBER: 03955113 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Perkins & Perry Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J A Perkins

G B Spargo

J Mildren

SECRETARY:

REGISTERED OFFICE:

Wheal Chance

Radnor Road

Scorrier

REDRUTH

Cornwall

TR16 6EG

REGISTERED NUMBER:

03955113 (England and Wales)

ACCOUNTANTS:

Colin Truscott Accountancy Limited

9 Heron Close

Tresillian

Cornwall

TR2 4BH

SOLICITORS:

Messrs Coodes

2 Princes Street

Truro

TR1 2EZ

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

1,124,820

1,148,994

Investments

7

64,114

59,077

Investment property

8

2,376,295

2,397,797

3,565,229

3,605,868

CURRENT ASSETS

Stocks

514,788

568,038

Debtors

9

3,909,758

3,941,304

Cash at bank and in hand

1,873,429

1,480,877

6,297,975

5,990,219

CREDITORS

Amounts falling due within one year

10

825,789

867,026

NET CURRENT ASSETS

5,472,186

5,123,193

TOTAL ASSETS LESS CURRENT LIABILITIES

9,037,415

8,729,061

PROVISIONS FOR LIABILITIES

43,725

72,303

NET ASSETS

8,993,690

8,656,758

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

8,983,690

8,646,758

SHAREHOLDERS' FUNDS

8,993,690

8,656,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2026 and were signed on its behalf by:

G B Spargo - Director

1.	STATUTORY INFORMATION

Perkins & Perry Ltd. 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Goodwill

Goodwill, being the amount paid on the acquisition of businesses in 2000 and 2005 has been amortised on a straight line basis over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

4% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The investment property was purchased in January 2013, the Directors feel that there will be no significant difference in value at the year end.

Gains or losses arising from changes in the fair value of investment property are included in profit and loss for the period in which they arise.

Stocks

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

Financial instruments

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

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Pension costs

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.

Fixed asset investments

Listed investments are measured at fair value with changes recognised in profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2025 - 37 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

357,916

AMORTISATION

At 1 April 2025

and 31 March 2026

357,916

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

1,039,772

352,441

34,014

Additions

-

930

-

At 31 March 2026

1,039,772

353,371

34,014

DEPRECIATION

At 1 April 2025

27,795

273,180

31,201

Charge for year

3,145

12,005

422

At 31 March 2026

30,940

285,185

31,623

NET BOOK VALUE

At 31 March 2026

1,008,832

68,186

2,391

At 31 March 2025

1,011,977

79,261

2,813

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

313,710

13,954

1,753,891

Additions

-

8,437

9,367

At 31 March 2026

313,710

22,391

1,763,258

DEPRECIATION

At 1 April 2025

264,442

8,279

604,897

Charge for year

12,317

5,652

33,541

At 31 March 2026

276,759

13,931

638,438

NET BOOK VALUE

At 31 March 2026

36,951

8,460

1,124,820

At 31 March 2025

49,268

5,675

1,148,994

Included in cost of land and buildings is freehold land of £ 882,505 (2025 - £ 882,505 ) which is not depreciated.

7.	FIXED ASSET INVESTMENTS

Listed

investment

£

COST OR VALUATION

At 1 April 2025

59,077

Additions

1,967

Revaluations

3,070

At 31 March 2026

64,114

NET BOOK VALUE

At 31 March 2026

64,114

At 31 March 2025

59,077

Cost or valuation at 31 March 2026 is represented by:

Listed

investment

£

Valuation in 2026

64,114

The listed investments had a market value of £64,114 (2025: £59,077) as at 31 March 2026.

8.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

2,452,856

DEPRECIATION

At 1 April 2025

55,059

Charge for year

21,502

At 31 March 2026

76,561

NET BOOK VALUE

At 31 March 2026

2,376,295

At 31 March 2025

2,397,797

9.

DEBTORS

2026

2025

as

restated

£

£

Amounts falling due within one year:

Trade debtors

373,016

387,513

Amounts owed by group undertakings

3,318,299

3,318,299

Other debtors

124,617

141,533

Prepayments

14,201

14,334

3,830,133

3,861,679

Amounts falling due after more than one year:

Other debtors

79,625

79,625

Aggregate amounts

3,909,758

3,941,304

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as

restated

£

£

Trade creditors

146,085

73,542

Tax

128,758

190,653

Social security and other taxes

29,963

56,871

VAT

87,107

129,313

Other creditors

94,198

86,038

Directors' current accounts

173,253

143,498

Accrued expenses

166,425

187,111

825,789

867,026

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

as

restated

£

£

G Perkins

Balance outstanding at start of year

-

601,000

Amounts repaid

-

(601,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The company charges interest on loans to directors (rate for 2025: 1.7%). No interest charged during the year as the loans were fully repaid by the end of 2025 (charge in 2025: £10,300).

12.	RELATED PARTY DISCLOSURES

At the year end the company owed Mrs J A Perkins, a director, £173,253 (2025: £143,498)

Interest is payable on this loan at a rate of 8.7% 2025: 10.98%. Interest received by Mrs J A Perkins, a director, amounted to £15,000. (2025: £15,755)

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Perkins & Perry Group Ltd.