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Company No: 00769641 (England and Wales)

# G B CHADD (HOLDINGS) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

G B CHADD (HOLDINGS) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

G B CHADD (HOLDINGS) LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 January 2025
G B CHADD (HOLDINGS) LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 690 |  | 655
Investment property | 4 | 730,000 |  | 730,000
Investments | 5 | 700 |  | 700
|  | 731,390 |  | 731,355
Current assets |  |  |  |
Debtors | 6 | 3,408,121 |  | 3,471,892
Cash at bank and in hand |  | 14,938 |  | 18,887
|  | 3,423,059 |  | 3,490,779
Creditors: amounts falling due within one year | 7 | ( 215,428) |  | ( 407,988)
Net current assets |  | 3,207,631 |  | 3,082,791
Total assets less current liabilities |  | 3,939,021 |  | 3,814,146
Net assets |  | 3,939,021 |  | 3,814,146
Capital and reserves |  |  |  |
Called-up share capital |  | 10,000 |  | 10,000
Capital redemption reserve |  | 11,750 |  | 11,750
Profit and loss account |  | 3,917,271 |  | 3,792,396
Total shareholders' funds |  | 3,939,021 |  | 3,814,146

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 Income Statement has not been delivered.

The financial statements of G B Chadd (Holdings) Limited (registered number: 00769641) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

R J Chadd Director |

10 October 2025

G B CHADD (HOLDINGS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
G B CHADD (HOLDINGS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025

##### 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

G B Chadd (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 66 High Street, Southwold, IP18 6DN, 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 £.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### 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 Statement of Financial Position 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### 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:

Fixtures and fittings | 25 % reducing balance

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.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Income Statement. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

##### 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 Statement of Financial Position 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.

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Tangible assets

| Fixtures and fittings |  | Total
| £ |  | £
Cost |  |  |
At 01 February 2024 | 7,142 |  | 7,142
Additions | 533 |  | 533
Disposals | ( 5,417) |  | ( 5,417)
At 31 January 2025 | 2,258 |  | 2,258
Accumulated depreciation |  |  |
At 01 February 2024 | 6,487 |  | 6,487
Charge for the financial year | 360 |  | 360
Disposals | ( 5,279) |  | ( 5,279)
At 31 January 2025 | 1,568 |  | 1,568
Net book value |  |  |
At 31 January 2025 | 690 |  | 690
At 31 January 2024 | 655 |  | 655

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 February 2024 | 730,000
As at 31 January 2025 | 730,000

Valuation

The 2025 valuations were made by the directors, on an open market value for existing use basis.

#### 5. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 February 2024 | 700
At 31 January 2025 | 700
Carrying value at 31 January 2025 | 700
Carrying value at 31 January 2024 | 700

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 0 |  | 564
Amounts owed by own subsidiaries | 3,403,657 |  | 3,467,026
Prepayments | 4,048 |  | 3,920
Other debtors | 416 |  | 382
| 3,408,121 |  | 3,471,892

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 4,148 |  | 13,382
Amounts owed to own subsidiaries | 151,128 |  | 281,778
Amounts owed to directors | 13,944 |  | 42,408
Accruals and deferred income | 14,326 |  | 35,617
Corporation tax | 7,610 |  | 4,687
Deferred tax liability | 18,469 |  | 18,460
Other taxation and social security | 5,803 |  | 8,626
Other creditors | 0 |  | 3,030
| 215,428 |  | 407,988

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 18,460) |  | ( 91,382)
(Charged)/credited to the Income Statement | ( 9) |  | 72,922
At the end of financial year | ( 18,469) |  | ( 18,460)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | ( 173) |  | ( 164)
Tax losses carry forward | 17,742 |  | 17,742
Investment properties | ( 36,038) |  | ( 36,038)
| ( 18,469) |  | ( 18,460)

#### 9. Related party transactions

At the year end the company owed the directors £13,944 (2024 :£42,408), this is included within other creditors.
The total amount owed to group undertakings at the year ended amounted to £151,128 (2024: £281,778), whilst £3,403,657 (2024: £3,467,026) was owed to the company by group undertakings at the year end and included within the Statement of Financial Position.