Financial Statements
For the year ended 31 December 2024
Registered number: 12213918
Company Information
Contents
Strategic report
For the year ended 31 December 2024
The director has pleasure in presenting the Strategic Report for the financial year ended 31 December 2024.
The principal activity of the Company is to act as a holding company.
The risks facing the Company are limited as it is a holding company. The director will continue to monitor the environment in which the Company operates.
From the perspective of the director, the matters for consideration under section 172 of the Companies Act 2006 (“s172”) have been considered to an appropriate extent by the Company. Such consideration is included in the statements set out below, noting the Director's duty under s172 to act in good faith to promote the success of the Company for the benefit of its shareholders but having regard amongst other matters to the following:
∙the likely consequences of any decision in the long term;
∙the interests of the Company's employees;
∙the need to foster the Company’s business relationships with customers and others;
∙the impact of the Company’s operations on the community and the environment;
∙the desirability of the Company maintaining a reputation for high standards of business conduct; and
∙the need to act fairly as between members of the Company.
For the Company, compliance is one of the cornerstone values and forms the basis for all decisions and activities. It is the key to integrity in conducting business and as a global Company the Director is committed to ensuring that all business is carried out in full accordance with the law as well as internal rules and principles.
The director of the Company confirmed that he has acted in the way he considers, in good faith, would be most likely to promote success of the Company for the benefit of its members as a whole (having regard to the stakeholders and matters set out in Section 172(1) (a-f) of the Act) in the decisions taken during the period ended 31 December 2024. The following paragraphs summarise how the directors fulfil their duties:
The director of the Company confirmed that he has acted in the way he considers, in good faith, would be most likely to promote success of the Company for the benefit of its members as a whole (having regard to the stakeholders and matters set out in Section 172(1) (a-f) of the Act) in the decisions taken during the period ended 31 December 2024. The following paragraphs summarise how the directors fulfil their duties:
∙As the director, my intention is to behave responsibly and ensure that management operate the business in a responsible manner.
∙As the director, I am committed to openly engage with our shareholders. It is important to me that shareholders understand our strategy and objectives, so these must be clearly communicated, feedback heard and issues or questions raised properly considered.
∙As our services provided grow, our risk environment also becomes more complex. It is therefore, important that we effectively identify, evaluate, manage and mitigate the risks the Company faces.
∙Our employees are vital to the services provided by the Company. We aim to be a responsible employer in our approach to the pay and benefits for our employees. For our business to succeed, we need to manage our employees’ performance and develop talent while ensuring the Company operates as efficiently as possible. The health and safety of our employees is very important to us.
∙In order to grow our business, we need to develop and maintain strong business relationships. We value all of our suppliers and customers.
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Strategic report (continued)
For the year ended 31 December 2024
This report was approved by the board on 30 September 2025 and signed on its behalf.
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Directors' report
For the year ended 31 December 2024
The directors present their report and the audited financial statements for the year ended 31 December 2024.
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 judgements 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.
The profit for the year, after taxation, amounted to £9,600,000 (2023 - loss £42,416).
The director has recommended a dividend of £9,350,000 (2023: £Nil).
The director who served during the year was:
The directors plan to continue the Company's current activities.
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Directors' report (continued)
For the year ended 31 December 2024
Our strategy prioritises growth, driven by continued development of our technological product offering for current and new customers, bringing new customers to the business and developing targeted markets overseas. To do this we focus on developing and nurturing strong customer relationships and reacting quickly to market demands. We value and work in partnership with our supply chain and have multi year contracts in place with some key suppliers. We ensure we adhere to prompt payment policy and work closely with our suppliers to ensure quality throughout the manufacturing process.
There are no branches of the Company outside the United Kingdom.
The Company has not disclosed information in respect of greenhouse gas emissions, energy consumption and energy efficiency action as its energy consumption in the United Kingdom for the year is 40,000kWh or lower.
Under Schedule 7.1 A of 'Large and Medium-Sized Companies and Groups (Accounting and Reporting) Regulations 2008', the Group has elected to disclose the following Director's report information in the Strategic report:
∙Principal activities and business review;
∙Principal risks and uncertainties; and
∙S172 reporting.
In June 2025, the company sold 4.99% of its shareholding in Green Investment Company One Limited. Consideration of £28,388,090 was received.
There have been no other significant events affecting the Company since the year end.
There have been no other significant events affecting the Company since the year end.
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Directors' report (continued)
For the year ended 31 December 2024
The auditor, Grant Thornton (NI) LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on 30 September 2025 and signed on its behalf.
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Independent auditor's report to the members of Bamford Bus Company Holdings Limited
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 'Responsibilities of the auditor 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, namely the FRC's Ethical Standard and the ethical pronouncements established by Chartered Accountants Ireland, applied as determined to be appropriate in the circumstances of the entity. 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 the date 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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Independent auditor's report to the members of Bamford Bus Company Holdings Limited (continued)
Other information comprises the information included in the Annual Report, other than the financial statements and our Auditor's report thereon, including the Directors' report and the Strategic Report. The directors are responsible for the other information. Our opinion on the financial statements does not cover the information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, 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 audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies in the financial statements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Opinions 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 Directors' report and the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements, and
∙the Directors' report and the Strategic Report have been prepared in accordance with applicable legal requirements.
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Independent auditor's report to the members of Bamford Bus Company Holdings Limited (continued)
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Independent auditor's report to the members of Bamford Bus Company Holdings Limited (continued)
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud (continued)
The primary responsibility for the prevention and detection of irregularities including fraud rests with those charged with governance and management. As with any audit, there remains a risk of non detection or irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or override of internal controls.
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
Chartered Accountants &
Statutory Auditors
Date:
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Statement of comprehensive income
For the year ended 31 December 2024
Page 10
Balance sheet
As at 31 December 2024
The financial statements were approved and authorised for issue by the board on 30 September 2025 and were signed on its behalf.
The notes on pages 13 to 17 form part of these financial statements.
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Statement of changes in equity
For the year ended 31 December 2024
Statement of changes in equity
For the year ended 31 December 2023
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Notes to the financial statements
For the year ended 31 December 2024
Bamford Bus Company Holdings Limited is a Company limited by shares and incorporated in England and Wales. The registered office is at North Bailey House, 12 New Inn Hall Street, Oxford, United Kingdom, OX1 2RP.
The principal activity of the Company is to act as a holding company.
The principal activity of the Company is to act as a holding company.
2.Accounting policies
The financial statements are presented in Sterling (£).
The following principal accounting policies have been applied:
Bamford Bus Company Holdings Limited relies on the continued support of their parent company HydraB Power to ensure it is able to pay its liabilities as they fall due in the twelve months following the date of these financial statements.
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Notes to the financial statements
For the year ended 31 December 2024
2.Accounting policies (continued)
Page 14
Notes to the financial statements
For the year ended 31 December 2024
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Notes to the financial statements
For the year ended 31 December 2024
Called up share capital
Represents the nominal value of shares that have been issued.
Profit and loss account
Page 16
Notes to the financial statements
For the year ended 31 December 2024
There have been no other significant events affecting the Company since the year end.
The parent of the Company is HydraB Power Limited , a company registered in England and Wales, with a registered office in North Bailey House, 12 New Inn Hall Street, Oxford, England, OX1 2RP.
The ultimate controlling party is J Bamford .
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