ACCOUNTS - Final Accounts preparation

Registered number: 14965259

BIGGLESWADE HOLDCO LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024


BIGGLESWADE HOLDCO LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BIGGLESWADE HOLDCO LIMITED
FOR THE PERIOD ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Biggleswade Holdco Limited for the period ended 31 December 2024 which comprise the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Biggleswade Holdco Limited, as a body, in accordance with the terms of our engagement letter dated 11 August 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Biggleswade Holdco Limited and state those matters that we have agreed to state to the Board of Directors of Biggleswade Holdco Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Biggleswade Holdco Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Biggleswade Holdco Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Biggleswade Holdco Limited. You consider that Biggleswade Holdco Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Biggleswade Holdco Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Warrener Stewart

Chartered Accountants

Harwood House

43 Harwood Road

London

SW6 4QP

26 September 2025

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BIGGLESWADE HOLDCO LIMITED REGISTERED NUMBER:14965259

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024
Note		£

Fixed assets
Investments	3		90
			90
Current assets
Debtors: amounts falling due within one year	4	100
		100
Creditors: amounts falling due within one year	5	(2,490)
Net current (liabilities)/assets			(2,390)

Net (liabilities)/assets			(2,300)

Capital and reserves
Called up share capital	6	100
Profit and loss account		(2,400)
		(2,300)

For the period ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

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

P Hughes

Director

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BIGGLESWADE HOLDCO LIMITED REGISTERED NUMBER:14965259

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

Date: 26 September 2025

The notes on pages 5 to 7 form part of these financial statements.

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BIGGLESWADE HOLDCO LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
Comprehensive income for the period
Loss for the period	-	(2,400)	(2,400)
Shares issued during the period	100	-	100
At 31 December 2024	100	(2,400)	(2,300)

The notes on pages 5 to 7 form part of these financial statements.

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BIGGLESWADE HOLDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Biggleswade Holdco Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is The Oil Depot 242 London Road, Stretton On Dunsmore, Rugby, Warwickshire, England, CV23 9JA.
The principle activity of the company is that of a holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

2.2

Going concern

During the period ended 31 December 2024, the Company incurred a loss of £2,400, resulting in a balance sheet deficit of £2,300. The Company continues to benefit from the considerable support of its shareholders, who have confirmed their intention to provide ongoing financial assistance until the Company strengthens its financial position..
In light of the above, the directors are confident that the Company will continue in operational existence for the foreseeable future and that the going concern basis is therefore appropriate for the preparation of the companies Accounts.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

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BIGGLESWADE HOLDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

3.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	90
	At 31 December 2024	90

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

KBL BW Land Limited

58 Grosvenor Street, London, Greater London, England, W1K 3JB

B Ordinary and C Ordinary

50%

Debtors

					2024
					£


	Other debtors	100

5.	Creditors: amounts falling due within one year
		2024
		£

	Other creditors	90
	Accruals and deferred income	2,400
		2,490

6.	Share capital
		2024
		£

		Allotted, called up and fully paid

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BIGGLESWADE HOLDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

6.Share capital (continued)

		55,550 A Ordinary shares of £0.001 each	56
		44,450 B Ordinary shares of £0.001 each	44

			100

On incorporation, 100 Ordinary shares were issued at £1 each.
At 26 November 2024, the Company undertook a subdivision of its existing share capital. The 100 Ordinary shares of £1 each in issue were subdivided into 100,000 Ordinary shares of £0.001 each.
Following the subdivision, the Ordinary shares were reclassified into two separate classes of shares:
55,550 A Ordinary shares of £0.001 each
44,450 B Ordinary shares of £0.001 each
Accordingly, the issued share capital of the Company at 31 December 2024 comprises 55,550 A Ordinary shares of £0.001 each and 44,450 B Ordinary shares of £0.001 each.

Related party transactions

During the period ended 31 December 2024, Biggleswade Holdco Limited advanced a loan of £3,150,000 to its subsidiary, KBL BW Land Limited. Interest accrued on this loan amounted to £1,639,726 in accordance with the loan agreement.
At the same time, The RIFK Invest Macro SPV UK Limited advanced a loan to Biggleswade Holdco Limited.
On 30 November 2024, the total outstanding loan balances due to KBL BW Land Limited and The RIFK Invest Macro SPV UK Limited were waived. The waiver was recognised as a negative expense in the statement of comprehensive income.
As at 31 December 2024, the company owed £90 to KBL BW Land Limited. This amount is payable on demand and bears no interest.

8.	Controlling party

P Hughes has ultimate control of Biggleswade Holdco Limited by virtue of his shares in Tau Limited (OE033501).

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