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Company registration number: 11217741
Turner Holdings (Cardiff) Limited
Unaudited filleted financial statements
31 July 2025
Turner Holdings (Cardiff) Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Turner Holdings (Cardiff) Limited
Directors and other information

| Directors |
|  | John Gwyn Lewis Davies
|  | Neil Dafydd Howells
|  | Christopher Haysham
|  | Andrew Hay Hoseason
| Company number | 11217741
| Registered office | Capital Business Park
|  | Parkway
|  | Cardiff
|  | CF3 2PZ
| Accountants | Morgan Hemp & Co
|  | 103-104
|  | Walter Road
|  | Swansea
|  | SA1 5QF

Turner Holdings (Cardiff) Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Turner Holdings (Cardiff) Limited
Year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Turner Holdings (Cardiff) Limited for the year ended 31 July 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Turner Holdings (Cardiff) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Turner Holdings (Cardiff) Limited and state those matters that we have agreed to state to the board of directors of Turner Holdings (Cardiff) Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Turner Holdings (Cardiff) Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Turner Holdings (Cardiff) 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 profit of Turner Holdings (Cardiff) Limited. You consider that Turner Holdings (Cardiff) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Turner Holdings (Cardiff) 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.
Morgan Hemp & Co
Chartered Certifed Accountants
103-104
Walter Road
Swansea
SA1 5QF
10 September 2025
Turner Holdings (Cardiff) Limited
Statement of financial position
31 July 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Investments |  | 4 | 6,100,000 |  |  |  | 5,800,000 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 6,100,000 |  |  |  | 5,800,000
Current assets |  |  |  |  |  |  |  |  |
Cash at bank and in hand |  |  | 16,031 |  |  |  | 13,314 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 16,031 |  |  |  | 13,314 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 5 | ( 1,050) |  |  |  | ( 1,050) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 14,981 |  |  |  | 12,264
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 6,114,981 |  |  |  | 5,812,264
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 6,114,981 |  |  |  | 5,812,264
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 2,812,000 |  |  |  | 2,812,000
Profit and loss account |  |  |  |  | 3,302,981 |  |  |  | 3,000,264
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 6,114,981 |  |  |  | 5,812,264
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 July 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 year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:
Andrew Hay Hoseason
Director
Company registration number: 11217741
Turner Holdings (Cardiff) Limited
Notes to the financial statements
Year ended 31 July 2025
1. General information
The company is a private company limited by shares, registered in Wales. The address of the registered office is Unit T5, Capital Business Park, Parkway, Cardiff, CF3 2PZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments

|  | Other investments other than loans | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost or valuation |  |  |  |  |  |
| At 1 August 2024 | 5,800,000 | 5,800,000 |  |  |  |
| Revaluations | 300,000 | 300,000 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 July 2025 | 6,100,000 | 6,100,000 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 August 2024 and 31 July 2025 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 July 2025 | 6,100,000 | 6,100,000 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 July 2024 | 5,800,000 | 5,800,000 |  |  |  |
|  | _______ | _______ |  |  |  |

5. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Other creditors |  | 1,050 | 1,050
|  |  | _______ | _______