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Company No: 09353507 (England and Wales)

GUARANTEE HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

GUARANTEE HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

GUARANTEE HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2023
GUARANTEE HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 2,194,842 2,194,842
2,194,842 2,194,842
Current assets
Debtors 4 218,315 220,512
Cash at bank and in hand 539 310
218,854 220,822
Creditors: amounts falling due within one year 5 ( 100) ( 1,797)
Net current assets 218,754 219,025
Total assets less current liabilities 2,413,596 2,413,867
Net assets 2,413,596 2,413,867
Capital and reserves
Called-up share capital 231,076 231,076
Share premium account 2,002,159 2,002,159
Other reserves 75 75
Profit and loss account 180,286 180,557
Total shareholders' funds 2,413,596 2,413,867

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Guarantee Holdings Limited (registered number: 09353507) were approved and authorised for issue by the Board of Directors on 22 July 2024. They were signed on its behalf by:

F M Foote
Director
S J Harris
Director
GUARANTEE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
GUARANTEE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Guarantee Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Pinesway, Station Road, Stalbridge, DT10 2RN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Fixed asset investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss.
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Fixed asset investments

2023 2022
£ £
Subsidiary undertakings 2,194,842 2,194,842

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 2,194,842
At 31 December 2023 2,194,842
Carrying value at 31 December 2023 2,194,842
Carrying value at 31 December 2022 2,194,842

Investments in shares

Name of entity Registered office Class of
shares
Ownership
31.12.2023
Ownership
31.12.2022
Guarantee Laundries Limited 2 Pinesway, Stalbridge, Dorset, DT10 2RN Ordinary 100.00% 100.00%
Guarantee Linen Services Limited 2 Pinesway, Stalbridge, Dorset, DT10 2RN Ordinary 100.00% 100.00%
Sherborne Laundry Limited 2 Pinesway, Stalbridge, Dorset, DT10 2RN Ordinary 100.00% 100.00%

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 217,738 219,935
Other debtors 577 577
218,315 220,512

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 100 100
Other creditors 0 1,697
100 1,797