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REGISTERED NUMBER: 06894672 (England and Wales)
















G & H GROUP OF COMPANIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






G & H GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 06894672)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G & H GROUP OF COMPANIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M A Craven
D A Davis
G A Kelly



SECRETARY: M Greaves



REGISTERED OFFICE: Firlands Mill
South Parade
Pudsey
West Yorkshire
LS28 8AD



REGISTERED NUMBER: 06894672 (England and Wales)



SENIOR STATUTORY AUDITOR: Martin Garrity FCA FCCA



AUDITORS: BPR Audit Limited
Statutory Auditors
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

G & H GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 06894672)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 482,825 487,017
Investments 5 78,351 78,351
561,176 565,368

CURRENT ASSETS
Debtors: amounts falling due within one
year

6

1,117,674

925,646
Debtors: amounts falling due after more
than one year

6

845,000

676,000
Cash at bank 3,071 4,599
1,965,745 1,606,245
CREDITORS
Amounts falling due within one year 7 1,664,344 1,306,680
NET CURRENT ASSETS 301,401 299,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

862,577

864,933

CREDITORS
Amounts falling due after more than one
year

8

(552,070

)

(697,624

)

PROVISIONS FOR LIABILITIES (40,524 ) (42,421 )
NET ASSETS 269,983 124,888

CAPITAL AND RESERVES
Called up share capital 1,801 1,801
Capital redemption reserve 11 200 200
Revaluation reserve 11 117,008 120,239
Retained earnings 11 150,974 2,648
SHAREHOLDERS' FUNDS 269,983 124,888

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by:





G A Kelly - Director


G & H GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 06894672)

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

1. STATUTORY INFORMATION

G & H Group Of Companies 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.

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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

The financial statements have been prepared using the going concern basis.

The current economic conditions present risks for all businesses. In response to such conditions, the directors have carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the directors consider that the company maintains an appropriate level of liquidity sufficient to meet the demands of the business including any capital and servicing obligations of external debt liabilities.

In addition, the company's assets are assessed for recoverability on a regular basis, and the directors consider that the company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the company's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements.

Preparation of consolidated financial statements
The financial statements contain information about G & H Group Of Companies Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated accounts as it and its subsidiary undertakings are included in the consolidated accounts of its parent, G & H Group Of Companies (Holdings) Limited, Firlands Mill, South Parade, Pudsey, LS28 8AD. These consolidated accounts are available from Companies House.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the directors to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. These estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events. However, the nature of estimation means that actual results may differ from these estimates.

Key sources of estimation uncertainty
Determining appropriate rates of depreciation requires an estimation of the useful lives and expected residual values of fixed assets. The net carrying amount of assets is £482,825 (2023: £487,017). During the year depreciation of £33,442 has been provided.(2023: £33,173).

G & H GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 06894672)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 18% on cost
Motor vehicles - 25% on reducing balance

Land and buildings include a freehold property. Land and buildings are carried at their revalued amount, being fair value at the date of valuation less subsequent depreciation.

Any revaluation increase in the carrying amount of land and buildings is recognised in other comprehensive income and included in a revaluation reserve in equity. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in profit and loss depreciation based on the assets original cost is transferred from revaluation reserve to retained earnings.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Where the arrangement does constitute a financing transaction, e.g. debt with basic terms, the initial measurement is of amortised cost using the effective interest method. In subsequent years the debt instrument is measured at amortised cost less impairment.

Impairment
At the end of each reporting period the company must assess whether there is objective evidence of impairment of any financial asset held at cost or amortised cost and if there is then an impairment must be recognised immediately in profit or loss.

Other financial instruments
The company does not have any financial instruments that would not be classed as 'basic'.

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.


G & H GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 06894672)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts and rebates, and is stated net of Value Added Tax.

Dividend income
Revenue is recognised when the right to receive payment is established.

Management charges
Revenue is recognised when the right to receive payment is established.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

G & H GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 06894672)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 450,000 128,789 578,789
Additions - 29,250 29,250
At 31 December 2024 450,000 158,039 608,039
DEPRECIATION
At 1 January 2024 47,500 44,272 91,772
Charge for year 5,000 28,442 33,442
At 31 December 2024 52,500 72,714 125,214
NET BOOK VALUE
At 31 December 2024 397,500 85,325 482,825
At 31 December 2023 402,500 84,517 487,017

Included in cost or valuation of land and buildings is freehold land of £ 150,000 (2023 - £ 150,000 ) which is not depreciated.

Freehold property was revalued in March 2015 by Eddisons. The company has taken advantage of the exemption available under FRS 102 and has elected to use this valuation taken before the date of transition, as it is fair value at the transition date.

The historical cost equivalent of these assets is as follows:
2024 2023
£ £
Cost256,125256,125
Accumulated depreciation(18,575)(16,806)
Net book value237,550239,319

As at 31 December 2024 the net book value of motor vehicles held under hire purchase agreements totalled £63,388 (2023: £84,517).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 78,351
NET BOOK VALUE
At 31 December 2024 78,351
At 31 December 2023 78,351

G & H GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 06894672)

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

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 1,001,200 634,706
Other debtors 116,474 290,940
1,117,674 925,646

Amounts falling due after more than one year:
Other debtors 845,000 676,000

Aggregate amounts 1,962,674 1,601,646

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 112,001 197,611
Hire purchase contracts (see note 9) 20,629 33,303
Trade creditors 431 49,973
Amounts owed to group undertakings 1,380,100 902,564
Taxation and social security 70,647 100,747
Other creditors 80,536 22,482
1,664,344 1,306,680

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 552,070 676,995
Hire purchase contracts (see note 9) - 20,629
552,070 697,624

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 20,629 33,303
Between one and five years - 20,629
20,629 53,932

G & H GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 06894672)

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

9. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
2024 2023
£    £   
Within one year 3,118 24,996
Between one and five years - 3,118
3,118 28,114

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 664,071 874,606
Hire purchase contracts 20,629 53,932
684,700 928,538

The bank loan is due to HSBC Bank Plc, the interest rate applying is 3% above the Bank of England base rate. The loan is repayable by monthly instalments with a final repayment date of 21 March 2025.

The commercial mortgage loan is due to HSBC Bank Plc, with the interest rate applying is 2.8% above the Bank of England rate. The loan is repayable by monthly instalments with a final repayment date of 21 April 2028.

HSBC UK Bank plc hold a First Legal Charge dated 25 July 2014 over the Freehold Property known as Units 1 & 2 Firlands Mill, South Parade, Pudsey.

HSBC UK Bank plc hold a Debenture including a Fixed Charge over all present freehold and leasehold property; a First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and a First Floating Charge over all assets and undertaking both present and future dated 21 May 2014.

HSBC UK Bank Plc holds a fixed and floating charge over all the company's assets dated 24 April 2023.

HSBC UK Bank Plc holds a legal charge secured on the company's freehold property Units 1 & 2 Firlands Mill, South Parade, Pudsey dated 24 April 2023.

11. RESERVES
Capital
Retained redemption Revaluation
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2024 2,648 200 120,239 123,087
Profit for the year 685,095 - - 685,095
Dividends (540,000 ) - - (540,000 )
Transfer equivalent to additional
depreciation on revalued assets

3,231

-

(3,231

)

-

At 31 December 2024 150,974 200 117,008 268,182

G & H GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 06894672)

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

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Garrity FCA FCCA (Senior Statutory Auditor)
for and on behalf of BPR Audit Limited

13. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

The company is included in Multilateral Guarantees as follows:

HSBC UK Bank plc hold an unlimited Multilateral Guarantee dated 15 March 2023 given by G & H Group of Companies (Holdings) Limited, G & H Group of Companies Limited, G & H Building Services Limited and G & H Maintenance Limited.

14. RELATED PARTY DISCLOSURES

The company had transactions with other entities under common control and entities in which the directors had an interest as follows:

20242023
££
Loans (repaid)/granted 29,000211,000
Amount due from related parties845,000816,000

15. POST BALANCE SHEET EVENTS

Dividends totalling £315,000 were paid after the accounting date.