Company No: 12694587 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	90,934		106,700
Tangible assets	4	10,233,944		9,980,217
Investments	5	300		300
		10,325,178		10,087,217
Current assets
Debtors	6	351,239		688,678
Cash at bank and in hand		10,362		0
		361,601		688,678
Creditors: amounts falling due within one year	7	( 535,568)		( 568,430)
Net current (liabilities)/assets		(173,967)		120,248
Total assets less current liabilities		10,151,211		10,207,465
Creditors: amounts falling due after more than one year	8	( 3,061,811)		( 3,156,896)
Provision for liabilities		( 72,100)		( 72,500)
Net assets		7,017,300		6,978,069
Capital and reserves
Called-up share capital	9	12		12
Share premium account		6,793,913		6,793,913
Profit and loss account		223,375		184,144
Total shareholders' funds		7,017,300		6,978,069

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Laird Estates Group Holdings Limited (registered number: 12694587) were approved and authorised for issue by the Board of Directors on 18 September 2025. They were signed on its behalf by:

Mr W C Laird Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Laird Estates Group Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Courtyard Long Row, Newark On Trent, Nottinghamshire, NG24 1RW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	25 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Properties are held at fair value at the date of valuation less subsequent depreciation and impairment.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a gain reverses a previously recognised loss, or a loss exceeds the accumulated gains in equity.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2024	157,667		157,667
At 31 January 2025	157,667		157,667
Accumulated amortisation
At 01 February 2024	50,967		50,967
Charge for the financial year	15,766		15,766
At 31 January 2025	66,733		66,733
Net book value
At 31 January 2025	90,934		90,934
At 31 January 2024	106,700		106,700

4. Tangible assets

	Land and buildings		Plant and machinery		Office equipment		Total
	£		£		£		£
Cost
At 01 February 2024	9,964,034		37,838		557		10,002,429
Additions	255,375		1,551		1,128		258,054
At 31 January 2025	10,219,409		39,389		1,685		10,260,483
Accumulated depreciation
At 01 February 2024	0		21,655		557		22,212
Charge for the financial year	0		4,207		120		4,327
At 31 January 2025	0		25,862		677		26,539
Net book value
At 31 January 2025	10,219,409		13,527		1,008		10,233,944
At 31 January 2024	9,964,034		16,183		0		9,980,217

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 February 2024	300
At 31 January 2025	300
Carrying value at 31 January 2025	300
Carrying value at 31 January 2024	300

The company holds the entire share capital of Belvedere Properties Limited. The relevant address is the company's registered office as disclosed in Note 1.

6. Debtors

	2025		2024
	£		£
Trade debtors	41,402		35,760
Amounts owed by Group undertakings	248,654		556,355
Other debtors	61,183		96,563
	351,239		688,678

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts (secured)	170,971		188,040
Trade creditors	1,219		4,579
Corporation tax	21,200		42,600
Other taxation and social security	80		0
Other creditors	342,098		333,211
	535,568		568,430

The company's bank (HSBC) has a floating and fixed charge over the company's assets.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	3,061,811		3,156,896

The total amount owed to the company's bank (HSBC) is £3,232,782 (2024 : £3,334,736) in which there is a floating and fixed charge over the company's assets.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured / repayable by instalments)	2,269,336		2,358,510

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
8 Ordinary £1 shares of £ 1.00 each	8		8
1 A Irredeemable Preference share of £ 1.00	1		1
1 B Irredeemable Preference share of £ 1.00	1		1
1 C Irredeemable Preference share of £ 1.00	1		1
1 D Irredeemable Preference share of £ 1.00	1		1
	4		4
	12		12

The ordinary shares have rights to dividends and carry voting rights.

The irredeemable preference shares do not have any rights to dividends nor carry any voting rights.

10. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Amounts owed (to) / from Belvedere Properties Limited	(311,374)		555,893

Amounts owed to Belvedere Properties Limited (100% subsidiary) are repayable on demand and attract no interest.