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REGISTERED NUMBER: 05024669















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

G H FRITH HOLDINGS LIMITED

G H FRITH HOLDINGS LIMITED (REGISTERED NUMBER: 05024669)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 2 to 3


G H FRITH HOLDINGS LIMITED (REGISTERED NUMBER: 05024669)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Debtors 5 5,464 5,464

CREDITORS
Amounts falling due within one year 6 (1,086,149 ) (1,086,149 )
NET CURRENT LIABILITIES (1,080,685 ) (1,080,685 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,080,685

)

(1,080,685

)

CAPITAL AND RESERVES
Called up share capital 1,538,770 1,538,770
Retained earnings (2,619,455 ) (2,619,455 )
(1,080,685 ) (1,080,685 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2025 and were signed by:





M P Frith - Director


G H FRITH HOLDINGS LIMITED (REGISTERED NUMBER: 05024669)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

The company is a private company limited by shares, registered in England and Wales, with register company number 05024669. The address of the registered office is Kaydon House, Kinmel Park, Abergele Road, Bodelwyddan, Denbighshire, LL18 5TY.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern
The company sold its underlying business as a going concern effective 31 October 2014. One subsidiary company was retained. Post sale and the cessation of business in the remaining subsidiary company, the position is that there is no anticipated income for the company in the foreseeable future. The remaining agreed liabilities payable are to the loan note holders only which in the opinion of the directors, now have no value but are nevertheless liabilities of the company. As the company is not now operating as a going concern, it is appropriate to state assets and liabilities at their net recoverable amounts and to accrue for any further known costs. In the opinion of the directors there are only minimal ongoing costs which can be funded for the foreseeable future.

The company was dormant throughout the current year and previous year.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. EMPLOYEES AND DIRECTORS

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

G H FRITH HOLDINGS LIMITED (REGISTERED NUMBER: 05024669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 5,464 5,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 1,086,149 1,086,149

Included in other creditors are loan notes amounting to £1,076,674 (current and prior year), which are unsecured and transferable. They do not carry any interest entitlement and are redeemable on demand.

7. EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant events up to the date of approval of the financial statements by the Board.