REGISTERED NUMBER: 09509852 (England and Wales)

ESL GROUP HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs J C Townsend

B D Townsend

SECRETARY:

Mrs L E Townsend

REGISTERED OFFICE:

255 Green Lanes

Palmers Green

London

N13 4XE

REGISTERED NUMBER:

09509852 (England and Wales)

ACCOUNTANTS:

John Crook & Partners

Chartered Accountants

255 Green Lanes

Palmers Green

London

N13 4XE

FIXED ASSETS

Investments

4

2,066,280

2,066,280

CREDITORS

Amounts falling due within one year

5

439,619

375,869

NET CURRENT LIABILITIES

(439,619

)

(375,869

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,626,661

1,690,411

CREDITORS

Amounts falling due after more than one year

6

-

60,000

NET ASSETS

1,626,661

1,630,411

CAPITAL AND RESERVES

Called up share capital

8

5,000

5,000

Share premium

9

1,451,040

1,451,040

Retained earnings

9

170,621

174,371

SHAREHOLDERS' FUNDS

1,626,661

1,630,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mrs J C Townsend - Director

B D Townsend - Director

1.	STATUTORY INFORMATION

ESL Group Holdings 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

2,066,280

NET BOOK VALUE

At 31 December 2024

2,066,280

At 31 December 2023

2,066,280

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Preference shares (see note 7)

60,000

60,000

Amounts owed to group undertakings

178,226

118,226

Other creditors

199,143

190,893

Sundry creditors and accruals

2,250

6,750

439,619

375,869

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Preference shares (see note 7)

-

60,000

7.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Preference shares

60,000

60,000

Amounts falling due between one and two years:

Preference shares

-

60,000

The preference shares are entitled to a fixed preferential cumulative dividend at the rate of 5% per annum. In the event of a winding up of the company they are entitled to have the surplus assets applied to pay off the capital paid up on the shares and any arrears of the preferential dividend before capital paid up on ordinary shares is paid off. The preference shares carry no voting rights except where the dividends are in arrears or on a question of a winding up or reconstruction of the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

5,000

Ordinary

£1

5,000

5,000

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

174,371

1,451,040

1,625,411

Deficit for the year

(3,750

)

(3,750

)

At 31 December 2024

170,621

1,451,040

1,621,661

10.	RELATED PARTY DISCLOSURES

At the year-end £178,226 (2023: £118,226) was due to E.S.L. Holdings (Basildon) Limited, a wholly owned subsidiary.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by BD Townsend and members of his family who own the majority of the issued share capital.