Company No: 13765702 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		30.11.2024
		£		£
Fixed assets
Investment property	3	550,000		0
Investments	4	1,000		0
		551,000		0
Current assets
Debtors	5	0		1
		0		1
Creditors: amounts falling due within one year	6	( 54,663)		0
Net current (liabilities)/assets		(54,663)		1
Total assets less current liabilities		496,337		1
Provision for liabilities	7	( 123,997)		0
Accruals and deferred income		( 17,476)		0
Net assets		354,864		1
Capital and reserves
Called-up share capital		1,000		1
Fair value reserve		371,992		0
Profit and loss account		( 18,128 )		0
Total shareholders' funds		354,864		1

For the financial period ending 31 March 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 period 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 Profit and Loss Account has not been delivered.

The financial statements of Gartell & Son Holdings Ltd (registered number: 13765702) were approved and authorised for issue by the Board of Directors on 27 November 2025. They were signed on its behalf by:

A J Gartell Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gartell & Son Holdings Ltd (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 Gartell & Son, Common Lane, Yenston, Templecombe, Somerset, BA8 0NB, 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 £.

These financial statements reflect the Company's first period of trade. Previously, dormant accounts have been filed.

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.

Reporting period length

The financial statements have been prepared for a shortened 4 month period to bring the financial reporting in alignment with the other group company.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the rental of the company's investment property.

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 Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

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 external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Business Combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2. Employees

	Period from 01.12.2024 to 31.03.2025		Year ended 30.11.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	4		4

3. Investment property

	Investment property
	£
Valuation
As at 01 December 2024	0
Additions	54,011
Fair value movement	495,989
As at 31 March 2025	550,000

During the year, the directors sold property and land to the company at a cost of £54,011.

Subsequently, the assets have been recognised in the company’s financial statements at their market value at 31 March 2025 of £550,000 as per the valuation provided by Stags Professional Services, resulting in a gain on revaluation recognised in the profit and loss account of £495,989.

No additional amounts are owed to or from the directors in relation to the sold assets at the balance sheet date.

4. Fixed asset investments

Investments in subsidiaries

	31.03.2025
	£
Cost
At 01 December 2024	0
Additions	1,000
At 31 March 2025	1,000
Carrying value at 31 March 2025	1,000
Carrying value at 30 November 2024	0

At the balance sheet date the company had 1 wholly owned subsidiary, acquired within the period.

5. Debtors

	31.03.2025		30.11.2024
	£		£
Other debtors	0		1

6. Creditors: amounts falling due within one year

	31.03.2025		30.11.2024
	£		£
Amounts owed to Group undertakings	28,597		0
Amounts owed to directors	20,000		0
Other taxation and social security	6,066		0
	54,663		0

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

7. Provision for liabilities

	31.03.2025		30.11.2024
	£		£
Deferred tax	123,997		0

8. Related party transactions

Other related party transactions

The company acts as guarantor for a loan facility of £419,000 for its subsidiary Gartell & Son Limited. This guarantee includes a fixed and floating charge over all the property and undertaking of the company. At the period end, the balance owed under this agreement was £383,193 (2024 - £419,000).

The company has taken advantage of the exemptions provided from disclosing any other transactions with its wholly owned subsidiary.