Registered number
06252841
Squirrel Holdings Limited
Unaudited Filleted Accounts
31 July 2024
Squirrel Holdings Limited
Registered number: 06252841
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,612,057 1,600,861
Investments 4 100 100
1,612,157 1,600,961
Current assets
Debtors 5 1,521,435 815,230
Cash at bank and in hand 356,935 133,136
1,878,370 948,366
Creditors: amounts falling due within one year 6 (448,682) (348,076)
Net current assets 1,429,688 600,290
Total assets less current liabilities 3,041,845 2,201,251
Creditors: amounts falling due after more than one year 7 - (116,582)
Net assets 3,041,845 2,084,669
Capital and reserves
Called up share capital 114 114
Profit and loss account 3,041,731 2,084,555
Shareholders' funds 3,041,845 2,084,669
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr AE Snook
Director
Approved by the board on 19 March 2025
Squirrel Holdings Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings 2% on cost
Property improvements 2% on cost
Motor vehicles 20% on written down value
Furniture & office equipment 20% on written down value
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Motor vehicles Office equipment Total
£ £ £ £
Cost
At 1 August 2023 1,811,520 - 2,772 1,814,292
Additions - 65,011 10,406 75,417
At 31 July 2024 1,811,520 65,011 13,178 1,889,709
Depreciation
At 1 August 2023 210,973 - 2,458 213,431
Charge for the year 45,288 16,253 2,680 64,221
At 31 July 2024 256,261 16,253 5,138 277,652
Net book value
At 31 July 2024 1,555,259 48,758 8,040 1,612,057
At 31 July 2023 1,600,547 - 314 1,600,861
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 August 2023 100
At 31 July 2024 100
The company's investment in its subsidiary company represents the cost of acquisition of the whole of the ordinary share capital of Gables (UK) Limited, which provides building contracting services.
At 31 July 2024 the aggregate of the share capital and reserves of Gables (UK) Limited amounted to £548445 and the profit after tax for the year to that date was £959530.
5 Debtors 2024 2023
£ £
Trade debtors 3,247 1,519
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,500,000 807,000
Other debtors 18,188 6,711
1,521,435 815,230
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 33,600
Trade creditors 14 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 231,000 -
Taxation and social security costs 115,933 140,099
Other creditors 101,735 174,377
448,682 348,076
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 116,582
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 150,182 150,182
The company is subject to fixed and floating charges over the land and buildings.
9 Contingent liabilities
There were no contingent liabilities at 31 July 2024.
10 Related party transactions
Mr AE Snook controls the company by virtue of his shareholding.
Mr and Mrs Snook have an non-interest paying loan account with the company. During the year dividends of £330000 were credited to the loan account and regular withdrawals were made. At 31 July 2024 the company owed Mr and Mrs Snook £100285 (2023: £173243).

A legal charge dated 23 April 2010 has been created in respect of the loan and there is a formal lease agreement in place between Squirrel Holdings Ltd and Gables UK Ltd. Total rent payable during the year ended 31 July 2024 in respect of this lease amounted to £27000.
The company also provides management services to Gables UK Ltd. Total charges during the year were £500000. These amounts were unpaid at the year end and have been included within debtors.
11 Other information
Squirrel Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 16 Eastway Business Village
Olivers Place
Fulwood
Preston
PR2 9WT
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