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Registered number: 12499042 BIEL HOLDINGS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 28 FEBRUARY 2025
BIEL HOLDINGS LIMITED CONTENTS
| Page
Statement of financial position | 1 - 2
Notes to the financial statements | 3 - 6
BIEL HOLDINGS LIMITED REGISTERED NUMBER: 12499042 STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2025
|  | 28 February |  | 29 February
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 4,400,000 |  | 4,100,000
Investments | 5 |  | 3,803,054 |  | 4,403,054
|  |  | 8,203,054 |  | 8,503,054
Current liabilities |  |  |  |  |
Creditors: Amounts Falling Due Within One Year | 6 | (6,237,316) |  | (6,136,328) |
Net current liabilities |  |  | (6,237,316) |  | (6,136,328)
Total assets less current liabilities |  |  | 1,965,738 |  | 2,366,726
Net assets |  |  | 1,965,738 |  | 2,366,726
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 200 |  | 200
Revaluation reserve | 8 |  | 3,500,000 |  | 3,200,000
Profit and loss account | 8 |  | (1,534,462) |  | (833,474)
|  |  | 1,965,738 |  | 2,366,726
Page 1
BIEL HOLDINGS LIMITED REGISTERED NUMBER: 12499042 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 28 FEBRUARY 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2025.
JG Biel
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
BIEL HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2025
1. | General information
Biel Holdings Limited is a private company limited by shares and registered in England & Wales. The address of its principal place of business is Jacks Hill, Graveley, Hitchin, SG4 7EQ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Exemption from preparing consolidated financial statements
The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.
| 2.3 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 3
BIEL HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.6 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.7 | Impairment of fixed assets and goodwill
Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
| 2.8 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the period was 3 (2024 - 4).
Page 4
BIEL HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2025
4. | Tangible fixed assets
|  | Freehold property
|  | £
| Cost or valuation |
| At 1 March 2024 | 4,100,000
| Revaluations | 300,000
| At 28 February 2025 | 4,400,000
| Net book value |
| At 28 February 2025 | 4,400,000
| At 29 February 2024 | 4,100,000
5. | Investments in Subsidiary Companies
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 March 2024 | 4,403,054
| Amounts written off | (600,000)
| At 28 February 2025 | 3,803,054
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BIEL HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | - | 2,632,831
| Amounts owed to group undertakings | 4,692,990 | 1,941,477
| Other creditors | 1,540,726 | 1,540,726
| Accruals and deferred income | 3,600 | 21,294
|  | 6,237,316 | 6,136,328
| Other loans has an interest rate of the higher of 10% (less a 4% discount) or 2% over base. The loan is guaranteed by J Biel and was repaid during the year.
7. | Share capital
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 200 (2024 - 200) ordinary shares of £1.00 each | 200 | 200
8. | Reserves
Revaluation reserve During the year the freehold property was valued by Knight Frank at £4.4m. The revaluation reserve reflects the increase in the properties value. Profit and loss account The profit and loss reserve contains the cumulative balance of retained profit and losses since the Company started trading. It is a distributable reserve.
9. | Related party transactions
| The company has taken advantage of the exemption in FRS 102 from the requirement to disclose transactions with group companies on the grounds that the related parties are wholly owned subsidiaries of Biel Holdings Limited. At the reporting date the company owes £1,540,726 (2024: £1,540,726) to the director, J Biel. This amount is repayable on demand.
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