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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2024
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YORK WARD & ROWLATT LIMITED
COMPANY INFORMATION
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YORK WARD & ROWLATT LIMITED
CONTENTS
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YORK WARD & ROWLATT LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Directors present their report and financial statements for the year ended 31 December 2024.
The principal activity of the Company continued to be that of a franchised Vauxhall retailer, specialising in new and used vehicle sales, parts distribution, and servicing.
The UK automotive sector grew in 2024, with 1.95 million new vehicle registrations (up 8%). Electric Vehicles (EVs) accounted for 27% of sales (approx. 525,000 units), driven by infrastructure improvements, new model launches, and regulatory incentives.
The Zero Emission Vehicle (ZEV) mandate came into effect, requiring 22% of car sales and 10% of LCV’s to be EVs in 2024. The ZEV mandate has acted as a catalyst for electrification in the UK, reshaping manufacturer priorities, accelerating EV adoption, and forcing industry-wide investment in training and infrastructure. However, it also exposed supply chain imbalances, pricing pressures, and a growing divide between fleet and private buyer readiness.
Company Performance
•Turnover rose 7.5% to £62 million, reflecting growth in accident repair and trade parts sales;
• Net profit before tax increased to £1.14 million (1.8% margin); • New vehicle sales contracted 5% as the manufacturer prioritised ZEV mandate compliance; • Aftersales revenue rose 6% (£0.6 million) to £10.2 million; and • Indirect costs rose 9% to £1.4 million due primarily to a 67% rise in insurance costs.
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YORK WARD & ROWLATT LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
York, Ward & Rowlatt is committed to promoting sustainability and reducing our environmental impact. As part of our dedication to transparency and environmental stewardship, we are pleased to present our Streamlined Energy and Carbon Reporting (SECR) statement for the year ending 31 December 2024.
Energy Efficiency Measures To improve our energy efficiency and reduce our carbon footprint, we have implemented several initiatives, including: • Expansion of EV courtesy and demonstrator fleets. • Optimise heating with the use of smart thermostats. • Investment in battery servicing and diagnostics to support EV aftersales. The table below outlines our energy usage for the period from 1 January 2024 to 31 December 2024. Carbon emissions have been calculated using the BEIS 2024 conversion factors and include total emissions data for Scopes 1, 2, and 3.
For the year ended 31 Decmeber 2024
FUEL CONSUMPTION (kWh) KG of Co2e Electricity (scope 2) 297,705 61,640 Gas (scope 1) 684,215 125,143 Vehicle Fuel (scope 1) 615,151 160,027 TOTAL 1,597,071 346,810 Annual Turnover £62,291,999 Intensity ratio per £000 of turnover 5.6 Kg of Co2e For the year ended 31 December 2023 FUEL CONSUMPTION (kWh) KG of Co2e Electricity (scope 2) 288,421 59,724 Gas (scope 1) 696,923 127,487 Vehicle Fuel (scope 1) 668,076 173,795 TOTAL 1,673,420 361,006 Annual Turnover £57,930,842 Intensity ratio per £000 of turnover 6.2 Kg of Co2e
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YORK WARD & ROWLATT LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Understanding and managing risk is crucial to our business strategy and long-term success. We are committed to identifying, assessing, and mitigating the principal risks and uncertainties that could impact our operations, financial performance, and reputation. This statement outlines our approach to risk management and highlights the key risks we currently face.
Retail Agency Model The shift to an agency distribution model has been delayed until 2026. The agency model means specific roles and responsibilities are shifted from the dealer to the manufacturer. The traditional channels for sales will evolve to a more integrated online / offline sales model with manufacturers controlling pricing and retailers earning a handling fee / commission. The full financial and operational impacts are, as yet, unknown. Car, LCV and Authorised repairer Franchises The Company operates franchises for the sale of new Vauxhall cars and LCV’s as well as being an authorised repairer for Vauxhall, Peugeot, Citroen, DS, Fiat and Abarth vehicles. The loss of these franchises would have a significant impact on the business. The Board maintains close relationships with the manufacturer and is focused on the KPI’s by which we are monitored. The ongoing reorganisation of all the brands represented by Stellantis raises concerns and a level of uncertainty. Conversely, there may be opportunities for representation as a multi-brand facility in the future. Regulatory Risks Environmental Regulations: Increasingly stringent emissions standards and regulations on fuel efficiency require continuous adaptation and can influence vehicle demand. Taxation Changes: Alterations in vehicle taxation policies, including road tax and VAT, can affect both purchasing decisions and operational costs. Talent Retention Attracting and retaining skilled technicians and sales personnel is critical for maintaining service quality and customer satisfaction. The shortage in skilled personnel is driving up the cost of salaries and recruitment with signing-on bonuses becoming common place. Policy Changes Shifts in policies and/or Government, such as incentives for electric vehicles, VAT and taxation can directly impact consumer demand. The 2024 general election did see a change in controlling party. Financial risks The Company uses various financial instruments including treasury loans from the parent Company, stocking loans and consignment stock. These instruments are used, primarily, to fund the Company’s sales operations. The main risk is the volatility of interest rates. The Company manages risk by ensuring adequate liquidity to meet foreseeable needs. Used Vehicle Stocks A rigid Day Age Policy is in force. Vehicles are reappraised after 60 days in stock. At this point they are either disposed of or re-priced to CAP (Industry guide) clean values. Any write-off costs are taken straight to the Statement of Comprehensive Income. The level of stock held is appropriate to stock-turn.
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YORK WARD & ROWLATT LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Parts stocks
The parts management system operated by the business works on an average price model. This recalculates the average price each time a new purchase is made and therefore any price movements are passed on to the customer. Provisions are made in the Statement of Comprehensive Income on a monthly basis to account for obsolete stock. The level of stock held is appropriate to stock-turn. Credit Risk Credit risk arises if the Company is unable to recover sums due from clients. This is alleviated by scrutiny of all credit levels and a detailed annual review of client's financial performance. In respect of vehicle purchases, cleared funds are taken before vehicles are released. The exception is approved fleet sales customers where the risk is continually monitored, and title is retained until receipt of full cleared funds. The Company makes a monthly accrual for bad debt provision. Interest Rate Risk The Company has no outstanding loan facilities. All wholesale funding facilities for vehicles are tied to Bank of England Base rates. The utilisation of these lines is kept to a minimum by using our own cash reserves.
This report was approved by the board and signed on its behalf.
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YORK WARD & ROWLATT LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Directors present their report and the financial statements for the year ended 31 December 2024.
The profit for the year, after taxation, amounted to £857,553 (2023 - £709,616).
There were no dividends paid during the year (2023: £Nil).
The directors who served during the year were:
The Directors intend for the Company to continue its strategy of organic growth.
The Directors recognise the need to develop the Company's business relationships with suppliers, customers, lenders and support services. One or more directors are in regular contact with key parties and work with interested parties to foster mutually beneficial and informed relationships.
There have been no significant events affecting the Company since the year end.
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YORK WARD & ROWLATT LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The auditor, MHA, previously traded through the legal entity MacIntyre Hudson LLP. In response to regulatory
changes, MacIntyre Hudson LLP ceased to hold an audit registration with the engagement transitioning to MHA Audit Services LLP. The auditor, MHA, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
The Directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the Directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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YORK WARD & ROWLATT LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
This report was approved by the board and signed on its behalf.
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YORK WARD & ROWLATT LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YORK WARD & ROWLATT LIMITED
We have audited the financial statements of York Ward & Rowlatt Limited (the 'Company') for the year ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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YORK WARD & ROWLATT LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YORK WARD & ROWLATT LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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YORK WARD & ROWLATT LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YORK WARD & ROWLATT LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙Enquiry of management and those charged with governance around actual and potential litigation and claims;
∙Enquiry of management and those charged with governance around actual and potential litigation and claims;
∙Performing audit work over the risk of management override of controls, including testing of journal and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business, and reviewing accounting estimates for bias;
∙Reviewing minutes of meetings of those charged with governance; and
∙Reviewing financial statement disclosures and testing to support documentation to assess compliance with applicable laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
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YORK WARD & ROWLATT LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YORK WARD & ROWLATT LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Milton Keynes, United Kingdom
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
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YORK WARD & ROWLATT LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
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YORK WARD & ROWLATT LIMITED
REGISTERED NUMBER: 00125935
BALANCE SHEET
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 15 to 29 form part of these financial statements.
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YORK WARD & ROWLATT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
York Ward & Rowlatt Limited is a private company limited by shares, incorporated in England and Wales, registered number 00125935.
The registered office is Balmoral House, Kettering Venture Park, Kettering, NN15 6XU and the principal place of business is 10-16 St Johns Street, Wellingborough, NN8 4LG. The Company's functional and presentational currency is British Pound Sterling and the financial statements are prepared in round pounds.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; and
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Hardwater Holdings Limited as at 31 December 2024 and these financial statements may be obtained from Companies House.
Having considered the forecasted performance and cashflow of the Company the Directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly the Company continues to adopt the going concern basis in preparing the annual report and financial statements
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income. Stock held on consignment is accounted for in the Balance sheet when the terms of the consignment agreement and commercial practice indicate that the principal benefit of owning the stock and principal risks of ownership rest with the Company.
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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 trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments. Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the the Statement of Comprehensive Income.
Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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. i) Stocks provisioning The key source of estimation uncertainty that has a significant effect on the amounts recognised in the financial statements is the valuation of stock. The risk exists that cost is in excess of the net realisable value, and provisions are not made, and vice versa. Management are involved in making these decisions on a line by line basis. At the year end the stock provision is £124,380 (2023: £164,526). ii) Useful lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. The year end net book values can be seen in note 12.
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 23
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
There are no factors affecting the future tax charge.
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 26
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Profit and loss account
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £67,718 (2023: £73,222). Contributions totalling £Nil (2023: £20) were payable to the fund at the balance sheet date and are included within creditors.
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YORK WARD & ROWLATT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The Company's ultimate parent undertaking at the balance sheet date was Hardwater Holdings Limited, a company incorporated in England which heads both the smallest and largest group of which York Ward & Rowlatt Limited is a member.
Copies of the accounts of the group, including the consolidated financial statements, can be obtained from Balmoral House, Kettering Venture Park, Kettering, Northamptonshire, NN15 6XU. In the opinion of the directors the ultimate controlling parties of the parent company are N M Johnson and R S Johnson.
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