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REGISTERED NUMBER: 13210485 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Buchanan Group Holdings Limited

Buchanan Group Holdings Limited (Registered number: 13210485)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Buchanan Group Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S A Spittal
S J Spittal
R J Spittal





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 13210485 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Buchanan Group Holdings Limited (Registered number: 13210485)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

Mrs S A Spittal
S J Spittal
R J Spittal

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R J Spittal - Director


12 September 2024

Buchanan Group Holdings Limited (Registered number: 13210485)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
£    £    £    £   

TURNOVER - -

Administrative expenses 35,485 59,350
(35,485 ) (59,350 )

Gain/loss on revaluation of investments 85,270 (35,351 )
OPERATING PROFIT/(LOSS) 49,785 (94,701 )

Income from fixed asset investments 217,297 67,012
Interest receivable and similar income 10,057 4,190
227,354 71,202
277,139 (23,499 )

Interest payable and similar expenses 983 -
PROFIT/(LOSS) BEFORE TAXATION 276,156 (23,499 )

Tax on profit/(loss) 21,216 18,747
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

254,940

(42,246

)

Buchanan Group Holdings Limited (Registered number: 13210485)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,397 -
Investments 5 3,316,445 3,034,953
3,367,842 3,034,953

CURRENT ASSETS
Debtors 6 253 253
Cash at bank 52,543 24,626
52,796 24,879
CREDITORS
Amounts falling due within one year 7 2,956,804 2,902,490
NET CURRENT LIABILITIES (2,904,008 ) (2,877,611 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,834

157,342

CREDITORS
Amounts falling due after more than one
year

8

(38,703

)

-

PROVISIONS FOR LIABILITIES (12,849 ) -
NET ASSETS 412,282 157,342

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 312,282 57,342
412,282 157,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Buchanan Group Holdings Limited (Registered number: 13210485)

Balance Sheet - continued
31 March 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





R J Spittal - Director


Buchanan Group Holdings Limited (Registered number: 13210485)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Buchanan Group Holdings 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 (£).


Accounts are rounded to the nearest pound
The accounts represent the company as an individual entity

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.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.


Buchanan Group Holdings Limited (Registered number: 13210485)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Valuation of investments
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Buchanan Group Holdings Limited (Registered number: 13210485)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 56,069
At 31 March 2024 56,069
DEPRECIATION
Charge for year 4,672
At 31 March 2024 4,672
NET BOOK VALUE
At 31 March 2024 51,397

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 56,069
At 31 March 2024 56,069
DEPRECIATION
Charge for year 4,672
At 31 March 2024 4,672
NET BOOK VALUE
At 31 March 2024 51,397

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 3,034,953
Additions 653,197
Disposals (609,583 )
Revaluations 85,270
Exchange differences 152,608
At 31 March 2024 3,316,445
NET BOOK VALUE
At 31 March 2024 3,316,445
At 31 March 2023 3,034,953

Buchanan Group Holdings Limited (Registered number: 13210485)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2022 94,965
Valuation in 2023 (25,342 )
Valuation in 2024 85,270
Cost 3,161,552
3,316,445

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 253 253

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 4,096 -
Trade creditors 1 -
Taxation and social security 2,184 -
Other creditors 2,950,523 2,902,490
2,956,804 2,902,490

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 38,703 -

9. RELATED PARTY DISCLOSURES

Included within creditors due within one year is an amount of £2,942,009 (2023: £2,901,146) owed to the directors. The balance is in respect of a loan introduced by the directors to the Company. This amount is unsecured, interest free and repayable on demand.