REGISTERED NUMBER: 10810410 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TASK CORPORATION HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

D P C Pullan

D R Knight

J A Clarke

Registered office:

6 Uxbridge Road

Melton Road

Leicester

LE4 7ST

Registered number:

10810410 (England and Wales)

Auditors:

TC Group

1 Merus Court

Meridian Business Park

Leicester

LE19 1RJ

Fixed assets

Investments

4

6,000,000

6,613,124

Creditors

Amounts falling due within one year

5

(2,556,876

)

(3,170,000

)

Net current liabilities

(2,556,876

)

(3,170,000

)

Total assets less current liabilities

3,443,124

3,443,124

Capital and reserves

Called up share capital

1,846,476

1,846,476

Share premium

1,596,648

1,596,648

Shareholders' funds

3,443,124

3,443,124

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

D P C Pullan - Director

1.	STATUTORY INFORMATION

Task Corporation Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

After reviewing the company's projections and forecasts, the directors have a reasonable expectation that the company has adequate resources and support to continue in operational existence for the foreseeable future. Group members have confirmed their intention to support Task Corporation Holdings Limited for a period of 12 months from the signing of the financial statements. The company therefore continues to adopt the going concern basis in preparing its financial information.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in group undertakings

£

Cost

At 1 April 2024

6,613,124

Impairments

(613,124

)

At 31 March 2025

6,000,000

Net book value

At 31 March 2025

6,000,000

At 31 March 2024

6,613,124

The Company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Task Corporation Limited

Registered office: 6 Uxbridge Road, Melton Road, Leicester, LE4 7ST

Nature of business: Manufacture of bespoke furniture and shopfittings

%

Class of shares:

holding

Ordinary:

100

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

2,556,876

3,170,000

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Shiran Wynter ACA (Senior Statutory Auditor)

for and on behalf of TC Group

7.	RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemption in FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, section 33.1A, from disclosing transactions with wholly owned subsidiaries within the Group.

8.	ULTIMATE CONTROLLING PARTY

On 24 July 2024, the ultimate parent undertaking of the group became Task Corporation Group Limited. The registered office and principal place of business of Task Corporation Group Limited is 6 Uxbridge Road, Melton Road, Leicester, United Kingdom, LE4 7ST. The Company's results are included in the consolidated financial statements of Task Corporation Group Limited, which can be obtained from the Company's registered office.