ARCHERDALE (HOLDINGS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Company Registration No. 09349921 (England and Wales)
ARCHERDALE (HOLDINGS) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
ARCHERDALE (HOLDINGS) LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,108,372
1,045,000
Investments
5
1,195,865
1,175,865
2,304,237
2,220,865
Current assets
Debtors
6
773
120,659
Cash at bank and in hand
1,668
-
0
2,441
120,659
Creditors: amounts falling due within one year
7
(555,569)
(453,223)
Net current liabilities
(553,128)
(332,564)
Total assets less current liabilities
1,751,109
1,888,301
Creditors: amounts falling due after more than one year
8
(954,688)
(299,773)
Provisions for liabilities
(114,274)
(114,274)
Net assets
682,147
1,474,254
Capital and reserves
Called up share capital
9
2,160
2,160
Share premium account
789,840
789,840
Revaluation reserve
10
368,552
368,552
Profit and loss reserves
11
(478,405)
313,702
Total equity
682,147
1,474,254

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

ARCHERDALE (HOLDINGS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered 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 8 August 2025 and are signed on its behalf by:
Mr G A Brown
Director
Company Registration No. 09349921
ARCHERDALE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Archerdale (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hirstwood Works, Hirstwood Road, Shipley, BD18 4BU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
1% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

ARCHERDALE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

ARCHERDALE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
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 amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ARCHERDALE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
4
Tangible fixed assets
Land and buildings
£
Cost or valuation
At 1 April 2024
1,045,000
Additions
63,372
At 31 March 2025
1,108,372
Depreciation and impairment
At 1 April 2024 and 31 March 2025
-
0
Carrying amount
At 31 March 2025
1,108,372
At 31 March 2024
1,045,000

The l and and buildings with a carrying amount of £1,108,372 (2024 £1,045,000) w ere valued on 15 January 2024 by Carter Towler, a firm of i ndependent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties. The directors consider this to be a true valuation of the property at the year end.

The revaluation surplus is disclosed in note 10.

5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1,195,865
1,175,865
ARCHERDALE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024
1,175,865
Additions
20,000
At 31 March 2025
1,195,865
Carrying amount
At 31 March 2025
1,195,865
At 31 March 2024
1,175,865
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
773
120,659
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
71,991
37,700
Amounts owed to group undertakings
469,176
408,770
Taxation and social security
3,715
-
0
Other creditors
10,687
6,753
555,569
453,223
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
954,688
299,773

The bank loans are secured over the assets to which they relate.

There are fixed and floating charges over all assets of the company.

ARCHERDALE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8
Creditors: amounts falling due after more than one year
(Continued)
- 8 -
Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
684,482
130,336
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,720
1,720
1,720
1,720
Ordinary A shares of £1 each
226
226
226
226
Ordinary C shares of £1 each
57
57
57
57
Ordinary D shares of £1 each
57
57
57
57
Ordinary G shares of £1 each
100
100
100
100
2,160
2,160
2,160
2,160

The differing classes of shares rank parri passu in all respects, except varying rates of dividends may be paid to the different classes of shares on the recommendation of the directors.

10
Revaluation reserve
2025
2024
£
£
At the beginning of the year
368,552
241,802
Revaluation surplus arising in the year
-
0
163,000
Deferred tax on revaluation of tangible assets
-
(36,250)
At the end of the year
368,552
368,552
11
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
313,702
357,137
Profit for the year
42,537
113,766
Dividends declared and paid in the year
(12,269)
(157,201)
Distributions made in the year
(822,375)
-
At the end of the year
(478,405)
313,702
ARCHERDALE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
12
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Entities over which the entity has control, joint control or significant influence
469,176
408,770
Other information

On 7 June 2024 the Archerdale Holdings Group Employee Ownership Trust ('EOT') purchased 100% of the ordinary share capital of the company, following which the company is now an 'employee owned' company.

The liabilities in relation to this transaction are with the EOT and the company does not act as a a guarantor on the deferred payments to the EOT. During the year, the company made contributions to the EOT totalling £822,375, which are included as a movement in reserves in the year.

The present obligation to make the deferred payments is that of the EOT so the liability for the deferred payments has not been recognised by the company.

The company does not control the EOT therefore consolidated accounts have not been prepared.

The corporate trustee is Archerdale Group EOT Limited, a company registered in England and Wales. The company holds the shares in deed of trust on behalf of the EOT itself. The company is controlled by the Trustees on behalf of the EOTs' beneficiaries.

13
Directors' transactions

Dividends totalling £12,269 (2024 - £157,201) were paid in the year in respect of shares held by the company's directors.

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors' loan accounts
-
(8,696)
28,320
(15,935)
3,689
(8,696)
28,320
(15,935)
3,689

14
Parent company

The company is under the control of the Archerdale Holdings Group Employee Ownership Trust.

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