Howarth Group Holdings Limited Company accounts

COMPANY REGISTRATION NUMBER: 11545665

Howarth Group Holdings Limited

Unaudited Financial Statements

30 April 2025

Howarth Group Holdings Limited

Financial Statements

Year ended 30 April 2025

Contents	Page

Director's report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	4

Howarth Group Holdings Limited

Director's Report

Year ended 30 April 2025

The director presents her report and the unaudited financial statements of the company for the year ended 30 April 2025 .

Director

The director who served the company during the year was as follows:

Mrs P. Beaty

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 3 October 2025 and signed on behalf of the board by:

Mrs P. Beaty
Director

Registered office:

C/o Edwards Veeder (UK) Limited

Ground Floor, 4 Broadgate

Broadway Business Park

Chadderton

Oldham

UK

OL9 9XA

Howarth Group Holdings Limited

Statement of Income and Retained Earnings

Year ended 30 April 2025

	2025	2024
Note	£	£

Income from shares in group undertakings		91,826	100,084
		--------	---------
Profit before taxation	4	91,826	100,084

Tax on profit	–	–
	--------	---------
Profit for the financial year and total comprehensive income	91,826	100,084
	--------	---------

Dividends paid and payable	( 270,000)	( 408,000)

Retained earnings at the start of the year	1,999,791	2,307,707
	------------	------------
Retained earnings at the end of the year	1,821,617	1,999,791
	------------	------------

All the activities of the company are from continuing operations.

Howarth Group Holdings Limited

Statement of Financial Position

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Investments	5	4,569,760	4,747,934

Current assets

Debtors	6	875	875
		----	----
Net current assets		875	875
		------------	------------
Total assets less current liabilities		4,570,635	4,748,809
		------------	------------

Capital and reserves

Called up share capital	875	875
Share premium account	2,748,143	2,748,143
Profit and loss account	1,821,617	1,999,791
	------------	------------
Shareholders funds	4,570,635	4,748,809
	------------	------------

These financial statements have been prepared 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'.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 3 October 2025 , and are signed on behalf of the board by:

Mrs P. Beaty
Director

Company registration number: 11545665

Howarth Group Holdings Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/o Edwards Veeder (UK) Limited, Ground Floor, 4 Broadgate, Broadway Business Park, Chadderton, Oldham, OL9 9XA, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Disclosure exemptions

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

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 are 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. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Fair value adjustments to shares in group undertakings	178,174	307,916
	---------	---------

5. Investments

	Shares in subsidiary
	£
Cost
At 1 May 2024 and 30 April 2025	5,055,850
	------------
Impairment
At 1 May 2024	307,916
Revaluations	178,174
	------------
At 30 April 2025	486,090
	------------

Carrying amount
At 30 April 2025	4,569,760
	------------
At 30 April 2024	4,747,934
	------------

At 30th April 2021 the company had the following wholly owned subsidiary. The registered office is C/o Edwards Veeder (UK) Limited, Ground Floor, 4 Broadgate, Broadway Business Park, Chadderton, Oldham. OL9 9XA.

Subsidiary

	Class of share	Percentage of shares held
Subsidiary undertakings
P.M. & Sons Properties Limited	Ordinary	100

6. Debtors

	2025	2024
	£	£
Other debtors	875	875
	----	----

7. Related party transactions

The company was under the control of Mrs. P. Beaty throughout the current and previous year. Mrs. P. Beaty is a director and sole shareholder. The company received dividends of £270,000 (2024: £408,000) from its subsidiary P.M. & Sons Properties Limited. The company paid dividends to the director of £270,000(2024: £408,000).