ACCOUNTS - Final Accounts

Auditors' remuneration

During the year, the company obtained the following services from the company's auditors and their associates:

Registered number: 00831972

GEO.AKINS(HOLDINGS)LIMITED

Annual Report and Financial Statements

For the Year Ended 31 December 2024

GEO.AKINS(HOLDINGS)LIMITED

Company Information

Directors	GH Akins (Jnr)
	SPD Akins
	DP McDerment


Company secretary	SPD Akins


Registered number	00831972


Registered office	2 Lace Market Square
	Nottingham
	NG1 1PB


Independent auditors	PKF Smith Cooper Audit Limited
	Statutory Auditors
	2 Lace Market Square
	Nottingham
	NG1 1PB

GEO.AKINS(HOLDINGS)LIMITED

Contents

	Page
Strategic Report	1
Directors' Report	2 - 3
Independent Auditors' Report	4 - 7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Notes to the Financial Statements	11 - 18

GEO.AKINS(HOLDINGS)LIMITED

Strategic Report

For the Year Ended 31 December 2024

Introduction

We aim to present a balanced and comprehensive review of the performance and development of the business during and at the end of the year, consistent with its size and complexity; and in the context of risks and uncertainties that we face.
This is the holding company for the leisure group.

Business review

The company continues as a holding company for the leisure business and a more detailed review can be found in the DHP Family Ltd financial statements which are available from 2 Lace Market Square, Nottingham, NG1 1PB.

Principal risks and uncertainties

Risks include those commercial in nature relating to the group's subsidiary businesses. Competitive pressure in the UK is a continuing risk for the group as well as changes in consumer taste, and the downturn in the national economic landscape. The group manages this risk by providing innovative solutions and outstanding quality.

Financial key performance indicators

The profit before tax for the year is £805,822 (2023: £2,168,558).

Directors' statement of compliance with duty to promote the success of the company

Under section 172(1) of the Companies Act 2006, the directors have a duty to act in good faith and in a way that would be most likely to promote the success of the company for the benefit of its shareholder whilst having regard to matters set out in S172(1) (a-f) of the Act.
To discharge their section 172(1) duties, the directors have had regard to the factors set out in S172(1) (a-f) of the Act in making the principal decisions taken by the company.
The company is the parent of DHP Family Ltd, has no employees and is a micro entity when considered on a single entity basis. The directors consider that it is sufficient to disclose within DHP Family Limited and at a group level within the ultimate parent company accounts of SJC 15 Limited, details in regard to performing their duties under S172(1).
All directors' decisions were made to promote the long term success of both the company and its ultimate parent company and were in line with the strategic goals and objectives of the group.

This report was approved by the board and signed on its behalf.

................................................

SPD Akins

Director

Date: 25 September 2025

Page 1

GEO.AKINS(HOLDINGS)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.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

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;

∙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.

Principal activity

The principal activity of the company during the year was that of a holding company for the leisure group.

Results and dividends

The profit for the year, after taxation, amounted to £805,822 (2023 - £2,037,927).

Directors

The directors who served during the year were:

GH Akins (Jnr)

SPD Akins

DP McDerment

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Page 2

GEO.AKINS(HOLDINGS)LIMITED

Directors' Report (continued)

For the Year Ended 31 December 2024

Auditors

The auditors, PKF Smith Cooper Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 25 September 2025 and signed on its behalf.

................................................

SPD Akins

Director

Page 3

GEO.AKINS(HOLDINGS)LIMITED

Independent Auditors' Report to the Members of GEO.AKINS(HOLDINGS)LIMITED

Opinion

We have audited the financial statements of GEO.AKINS(HOLDINGS)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 a summary of 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).

In our opinion the financial statements:

∙give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

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 Auditors' 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.

Conclusions relating to going concern

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.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' 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.

Page 4

GEO.AKINS(HOLDINGS)LIMITED

Independent Auditors' Report to the Members of GEO.AKINS(HOLDINGS)LIMITED (continued)

Opinion on other matters prescribed by the Companies Act 2006

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.

Matters on which we are required to report by exception

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.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Page 5

GEO.AKINS(HOLDINGS)LIMITED

Independent Auditors' Report to the Members of GEO.AKINS(HOLDINGS)LIMITED (continued)

Auditors' responsibilities for the audit of the financial statements

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 Auditors' 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:

Based on our understanding of the company and industry, we identify the key laws and regulations affecting the company. We identified that the principal risk of fraud or non-compliance with laws and regulations related to:
• management bias in respect of accounting estimates and judgements made;
• management override of control;
• posting of unusual journals or transactions.
We focussed on those areas that could give rise to a material misstatement in the company financial statements. Our procedures included, but were not limited to:
• Enquiry of management and those charged with governance around actual and potential litigation and claims, including instances of non-compliance with laws and regulations and fraud;
• Reviewing legal expenditure in the year to identify instances of non-compliance with laws and regulations and fraud;
• Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
• Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
It is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

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 Auditors' Report.

Page 6

GEO.AKINS(HOLDINGS)LIMITED

Independent Auditors' Report to the Members of GEO.AKINS(HOLDINGS)LIMITED (continued)

Use of our report

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 Auditors' 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.

Sarah Flear (Senior Statutory Auditor)

for and on behalf of

PKF Smith Cooper Audit Limited

Statutory Auditors

2 Lace Market Square

Nottingham

NG1 1PB

26 September 2025

Page 7

GEO.AKINS(HOLDINGS)LIMITED

Statement of Comprehensive Income

For the Year Ended 31 December 2024

	2024	2023
Note	£	£


Administrative expenses		(17,174)	(19,986)
Exceptional administrative expenses	8	(27,004)	(261,456)
Operating loss		(44,178)	(281,442)
Income from fixed assets investments	5	850,000	2,450,000
Profit before tax		805,822	2,168,558
Tax on profit	6	-	(130,631)
Profit for the financial year		805,822	2,037,927

There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 11 to 18 form part of these financial statements.

Page 8

GEO.AKINS(HOLDINGS)LIMITED

Registered number: 00831972

Balance Sheet

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Investments	9		144,714		144,714
			144,714		144,714
Current assets
Debtors: amounts falling due within one year	10	10,494,419		10,565,800
Cash at bank and in hand	11	4,433		11,778
		10,498,852		10,577,578
Creditors: amounts falling due within one year	12	(3,203,650)		(3,238,198)
Net current assets			7,295,202		7,339,380
Total assets less current liabilities			7,439,916		7,484,094

Net assets			7,439,916		7,484,094

Capital and reserves
Called up share capital	15	172,218	172,218
Share premium account	16	317,170	317,170
Capital redemption reserve	16	72,073	72,073
Profit and loss account	16	6,878,455	6,922,633
		7,439,916	7,484,094

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

SPD Akins

Director

Date: 25 September 2025

The notes on pages 11 to 18 form part of these financial statements.

Page 9

GEO.AKINS(HOLDINGS)LIMITED

Statement of Changes in Equity

For the Year Ended 31 December 2024

	Called up share capital	Share premium account	Capital redemption reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 January 2023	172,218	317,170	72,073	6,534,706	7,096,167

Profit for the year	-	-	-	2,037,927	2,037,927
Dividends: Equity capital	-	-	-	(1,650,000)	(1,650,000)

At 1 January 2024	172,218	317,170	72,073	6,922,633	7,484,094

Profit for the year	-	-	-	805,822	805,822
Dividends: Equity capital	-	-	-	(850,000)	(850,000)
At 31 December 2024	172,218	317,170	72,073	6,878,455	7,439,916

Page 10

GEO.AKINS(HOLDINGS)LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2024

1.Accounting policies

1.1

Basis of preparation of financial statements

Geo Akins (Holdings) Limited is a private company limited by shares and incorporated in England within the United Kingdom. The address of the registered office is given in the company information of these financial statements. The company's registration number is 00831972. The nature of the company’s operations and principal activities are a holding company for the leisure group.
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.
The company is itself a subsidiary company and is exempt from the requirement to prepare group financial statements by virtue of section 400 of the Companies Act 2006. The financial statements therefore present information about the company as an individual undertaking and not about its group.
The financial statements are prepared in Sterling which is the functional currency of the company and have been rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2

Financial Reporting Standard 102 - reduced disclosure exemptions

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 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of SJC 15 Limited as at 31 December 2024 and these financial statements may be obtained from 2 Lace Market Square, Nottingham, NG1 1PB.

1.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

1.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable. Revenue comprises rents and service charges receivable, exclusive of value added tax. Revenue is therefore recognised in line with the lease agreement, when rents and charges fall due.

Page 11

GEO.AKINS(HOLDINGS)LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2024

1.Accounting policies (continued)

1.5

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

1.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

1.7

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash in hand and short term deposits with an original maturity date of three months or less.

1.8

Short term debtors and creditors

Debtors and creditors with no stated interest rate or that are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other administrative expenses.

1.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Page 12

GEO.AKINS(HOLDINGS)LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2024

1.Accounting policies (continued)

1.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, 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. However, the nature of the estimation means that the actual outcomes could differ from those estimates. There are no significant judgments (apart from those involving estimates) which have had an effect on the amounts recognised in the financial statements.

Fees payable to the company's auditors and their associates for the audit of the company's financial statements

2,150

1,925

The company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent company.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

5.	Income from investments
		2024	2023
		£	£

	Dividends received from subsidiaries	850,000	2,450,000

Page 13

GEO.AKINS(HOLDINGS)LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2024



Total current tax	-	-

	Deferred tax
	Origination and reversal of timing differences	-	130,631


	Taxation on profit on ordinary activities	-	130,631

Profit on ordinary activities before tax

805,822

2,168,558

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 23.52%)	201,456	571,553
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	6,750	-
Remeasurement of deferred tax for changes in tax rates	-	7,729
Dividends from UK companies	(212,500)	(576,253)
Group relief	4,294	127,602
Total tax charge for the year	-	130,631

7.	Dividends
		2024	2023
		£	£

Ordinary shares dividends paid

850,000

1,650,000

8.	Exceptional items
		2024	2023
		£	£

Provision against connected party debt

27,004

261,456

Page 14

GEO.AKINS(HOLDINGS)LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2024

9.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 January 2024	144,714
	At 31 December 2024	144,714

	Net book value
	At 31 December 2024	144,714
	At 31 December 2023	144,714

Subsidiary undertakings
The following were subsidiary undertakings of the company:
Name	Principal activity	Class of shares	Holding

DHP Family Ltd	The operation of bars and nightclubs and the promotion of musical entertainment	Ordinary	100%
Victoria Club Limited	Dormant	Ordinary	100%
Jalland & Co. Limited	Non-trading	Ordinary	100%
Rock City Limited (indirectly held)	Dormant	Ordinary	100%
DHP Family Live Limited (indirectly held)	Dormant	Ordinary	100%
Spring Music Group Limited (indirectly held)	Non-trading	Ordinary	100%
Bearded Theory Ltd (indirectly held)	Non-trading	Ordinary	100%
Spring Markets Limited (indirectly held)	The operation of a music festival	Ordinary	100%

The registered office address for all companies above is 2 Lace Market Square, Nottingham, NG1 1PB.

Page 15

GEO.AKINS(HOLDINGS)LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2024

10.

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	10,335,723	10,335,723
Amounts owed by associated undertakings	9,020	80,000
Other debtors	384	785
Deferred taxation	149,292	149,292
	10,494,419	10,565,800

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

11.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	4,433	11,778

12.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	2,601,984	2,636,499
Other creditors	597,167	597,167
Accruals and deferred income	4,499	4,532
	3,203,650	3,238,198

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

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GEO.AKINS(HOLDINGS)LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2024

13.	Financial instruments
		2024	2023
		£	£

	Financial assets
	Financial assets that are debt instruments measured at amortised cost	10,345,127	10,416,508

	Financial liabilities
	Financial liabilities measured at amortised cost	(2,601,984)	(2,636,499)

	Financial assets measured at amortised cost comprise trade debtors, amounts owed by group and associated undertakings and other debtors.
	Financial liabilities measured at amortised cost comprise amounts owed to group undertakings.

14.	Deferred taxation

		2024
		£

	At beginning of year	149,292
	At end of year	149,292

The deferred tax asset is made up as follows:
	2024	2023
	£	£

Other

149,292

15.	Share capital
		2024	2023
		£	£

Authorised, allotted, called up and fully paid

1,722,180 (2023 - 1,722,180) Ordinary shares of £0.10 each	172,218	172,218

Page 17

GEO.AKINS(HOLDINGS)LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2024

16.

Reserves

Share premium account

This reserve records the amount above the nominal value received for shares sold, less transactions costs.

Capital redemption reserve

This reserve records the amount by which the company's issued share capital diminished on the cancellation of shares redeemed.

Profit and loss account

This reserve records the retained earnings from the current and prior years.

17.	Transactions with directors

Included in other creditors due within one year are loans from directors, amounting to £597,167 (2023: £597,167).
During the year the company accrued interest of £Nil (2023: £Nil) in respect of these loans.

18.

Related party transactions

The company has taken advantage of the exemption under FRS 102 Section 33.1A Related Party Disclosures from disclosing transactions with other members of the group.
The company has taken advantage of the exemption under FRS 102 Section 1.12 Reduced Disclosures For Subsidiaries from disclosing key management personnel compensation in total.
Included within debtors is an amount due from a company with directors in common of £9,020 (2023: £80,000) following receipts of £43,976 (2023: £130,000) and a provision for doubtful debt of £27,004 (2023: £261,456).

19.	Controlling party

The company's ultimate parent undertaking is SJC 15 Limited.
The largest group in which the results of the company are consolidated is SJC 15 Limited. Consolidated financial statements are available from 2 Lace Market Square, Nottingham, NG1 1PB.
The company is ultimately controlled by GH Akins (Jnr) and SPD Akins by virtue of their joint shareholding in SJC 15 Limited.

Page 18