| COUNTY HOLDINGS (2018) LTD |
| Registered number: |
11187429 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
517,125 |
|
|
72,000 |
| Tangible assets |
4 |
|
|
1,099,413 |
|
|
1,048,413 |
| Investments |
5 |
|
|
1,000 |
|
|
107,093 |
|
|
|
|
1,617,538 |
|
|
1,227,506 |
|
| Current assets |
| Debtors |
6 |
|
111,053 |
|
|
51,588 |
| Cash at bank and in hand |
|
|
25,867 |
|
|
17,486 |
|
|
|
136,920 |
|
|
69,074 |
|
| Creditors: amounts falling due within one year |
7 |
|
(1,250,793) |
|
|
(791,682) |
|
| Net current liabilities |
|
|
|
(1,113,873) |
|
|
(722,608) |
|
| Total assets less current liabilities |
|
|
|
503,665 |
|
|
504,898 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(501,869) |
|
|
(503,254) |
|
| Net assets |
|
|
|
1,796 |
|
|
1,644 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
4 |
|
|
4 |
| Profit and loss account |
|
|
|
1,792 |
|
|
1,640 |
|
| Shareholder's funds |
|
|
|
1,796 |
|
|
1,644 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| H D Thakker |
| Director |
| Approved by the board on 9 December 2025 |
|
| COUNTY HOLDINGS (2018) LTD |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and with Companies Act 2006.
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. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Investment properties are included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Transitional exemption advantage has been taken to include fair value or revaluation as deemed cost as fair value cannot be measured reliably. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2024 |
180,000 |
|
Additions |
475,000 |
|
At 31 March 2025 |
655,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2024 |
108,000 |
|
Provided during the year |
29,875 |
|
At 31 March 2025 |
137,875 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
517,125 |
|
At 31 March 2024 |
72,000 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 April 2024 |
1,048,413 |
|
Additions (adjustment) |
51,000 |
|
At 31 March 2025 |
1,099,413 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
1,099,413 |
|
At 31 March 2024 |
1,048,413 |
|
|
| 5 |
Investments |
| Investments in |
| subsidiary |
Other |
| undertakings |
investments |
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
1,000 |
|
106,093 |
|
107,093 |
|
Movement during the year |
- |
|
157 |
|
157 |
|
Disposals |
- |
|
(106,250) |
|
(106,250) |
|
|
At 31 March 2025 |
1,000 |
|
- |
|
1,000 |
|
Other investment represents share of freehold property acquired during the year. |
|
The company holds 20% or more of the share capital of the following companies: |
|
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
County Insurance Agencies Limited |
Ordinary |
100 |
|
1,048,115 |
|
441,405 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
111,053 |
|
51,588 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
16,000 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
1,007,493 |
|
774,682 |
|
Shareholders' account |
|
|
|
|
38 |
|
- |
|
Taxation and social security costs |
4,762 |
|
- |
|
Other creditors |
238,500 |
|
1,000 |
|
|
|
|
|
|
1,250,793 |
|
791,682 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
501,869 |
|
503,254 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
519,254 |
|
519,254 |
|
|
|
|
|
|
|
|
|
|
The loan is secured against the relevant investment property. The loan is repayable by April 2028. |
|
|
| 10 |
Other information |
|
|
COUNTY HOLDINGS (2018) LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
Compton House |
|
20(b) Selsdon Road |
|
South Croydon |
|
Surrey |
|
CR2 6PA |