Guiston Limited 08756480 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Guiston holds loan notes and 30% of the issued share capital in Freshways Dairystix Limited ( a company that develops and manufactures uniquely packaged milk drinks based on Ultra High Temperature heat Treatments to give them long shelf lives). Digita Accounts Production Advanced 6.30.9574.0 true true 08756480 2023-10-01 2024-09-30 08756480 2024-09-30 08756480 bus:OrdinaryShareClass1 2024-09-30 08756480 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 08756480 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 08756480 bus:SmallEntities 2023-10-01 2024-09-30 08756480 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 08756480 bus:FilletedAccounts 2023-10-01 2024-09-30 08756480 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08756480 bus:RegisteredOffice 2023-10-01 2024-09-30 08756480 bus:Director1 2023-10-01 2024-09-30 08756480 bus:Director2 2023-10-01 2024-09-30 08756480 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 08756480 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08756480 bus:Agent1 2023-10-01 2024-09-30 08756480 countries:EnglandWales 2023-10-01 2024-09-30 08756480 2022-10-01 2023-09-30 08756480 2023-09-30 08756480 bus:OrdinaryShareClass1 2023-09-30 08756480 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 08756480 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08756480

Prepared for the registrar

Guiston Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Guiston Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Guiston Limited

Company Information

Directors

Dr N C Trilk

M P Urquhart

Registered office

C/O Advanced Coated Products Limited
The Vineyards Industrial Estate
Gloucester Road
Cheltenham
Gloucestershire
GL51 8NH

Solicitors

Penningtons Manches Cooper LLP
Apex Plaza
Forbury Road
Reading
Berkshire
RG1 1AX

Bankers

Coutts & Co
440 Strand
London
WC2R 0QS

Accountants

Hazlewoods LLP
Chartered Accountants
Windsor House
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AT

 

Guiston Limited

(Registration number: 08756480)
Balance Sheet as at 30 September 2024

Note

2024
£ 000

2023
£ 000

Creditors: Amounts falling due within one year

4

(1,468)

(1,468)

Creditors: Amounts falling due after more than one year

4

(2,475)

(2,475)

Net liabilities

 

(3,943)

(3,943)

Capital and reserves

 

Retained earnings

(3,943)

(3,943)

Shareholders' deficit

 

(3,943)

(3,943)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime of the Companies Act 2006 and in accordance with FRS 102 Section 1A Small Entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 June 2025 and signed on its behalf by:
 

.........................................
M P Urquhart
Director

   
     
 

Guiston Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Advanced Coated Products Limited
The Vineyards Industrial Estate
Gloucester Road
Cheltenham
Gloucestershire
GL51 8NH

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' effective January 2016 and has taken advantage of the small company exemptions available in section 1A of FRS 102 to produce reduced disclosure accounts.

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Related party transactions

The company has taken advantage of the exemption from disclosing transactions with other members of the group.

Name of parent of group

These financial statements are consolidated in the financial statements of Brightborough Group Limited.
The financial statements of Brightborough Group Limited may be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances from its parent undertaking that it will continue to provide financial support to the company for at least twelve months from the date of approval of these financial statements sufficient to enable the company to meet its liabilities as and when they fall due and to defer repayment of its loans in favour of other creditors.

On this basis, the directors consider it appropriate to prepare the financial statements on the going concern bases. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to provide for any further liabilities that might be necessary should this basis not continue to be appropriate.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

 

Guiston Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a prevent value basis

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

4

Creditors

Note

2024
£ 000

2023
£ 000

Due within one year

 

Loans and borrowings

3

3

Amounts due to related parties

 

1,465

1,465

 

1,468

1,468

 

Guiston Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Note

2024
£ 000

2023
£ 000

Due after one year

 

Loans and borrowings

2,475

2,475

The redeemable 'A' preference shares are redeemable. They are redeemable at £1 per share and carry no voting rights. On a winding up of the company the holders of the shares have a right to receive £1 per share together with all dividends due to date of redemption.

 

5

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

104

104

104

104

         
 

6

Parent and ultimate parent undertaking

The ultimate parent company is Brightborough Group Limited, a company registered in England and Wales. The immediate parent company is Brightborough Capital Limited, a company that is also registered in England and Wales.