REGISTERED NUMBER: 12232340 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Gallagher Family Group Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

3,237,335

33,810

Investment property

5

1,675,784

1,317,268

4,913,119

1,351,078

CURRENT ASSETS

Debtors

6

3,314,376

2,120,682

Cash at bank

144,099

28,359

3,458,475

2,149,041

CREDITORS

Amounts falling due within one year

7

6,849,925

2,233,103

NET CURRENT LIABILITIES

(3,391,450

)

(84,062

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,521,669

1,267,016

PROVISIONS FOR LIABILITIES

21,500

-

NET ASSETS

1,500,169

1,267,016

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,500,069

1,266,916

SHAREHOLDERS' FUNDS

1,500,169

1,267,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

Mr K Gallagher - Director

1.	STATUTORY INFORMATION

Gallagher Family Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12232340

Registered office:

Herefordshire Golf Club

Wormsley

Hereford

Herefordshire

HR4 8LY

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 FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Preparation of consolidated financial statements

The financial statements contain information about Gallagher Family Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Motor vehicles - 20% reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Other investments

Fixed asset investments in listed shares are initially measured at cost, including directly attributable transaction costs. After initial recognition, they are carried at fair value, based on quoted market prices at the reporting date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be reliably measured, the investment is held at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Cost or valuation

At 1 April 2024

33,810

-

33,810

Additions

100

3,892,527

3,892,627

Disposals

(20

)

(774,310

)

(774,330

)

Revaluations

-

85,228

85,228

At 31 March 2025

33,890

3,203,445

3,237,335

Net book value

At 31 March 2025

33,890

3,203,445

3,237,335

At 31 March 2024

33,810

-

33,810

Cost or valuation at 31 March 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2025

-

3,203,445

3,203,445

Cost

33,890

-

33,890

33,890

3,203,445

3,237,335

Other fixed asset investments are held at market value at the reporting date, based on a broker valuation schedule.

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

1,317,268

Additions

358,516

At 31 March 2025

1,675,784

Net book value

At 31 March 2025

1,675,784

At 31 March 2024

1,317,268

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

1,675,784

Investment property was valued on an open market basis by the directors of the company at the reporting date.

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

18,108

24,817

Amounts owed by group undertakings

170,000

329,739

Amounts owed by associates

73,880

-

Other debtors

5,622

7,436

267,610

361,992

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,444,225

1,250,707

Other debtors

1,602,541

507,983

3,046,766

1,758,690

Aggregate amounts

3,314,376

2,120,682

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

17,112

2,776

Amounts owed to associates

-

20

Taxation and social security

32,661

5,601

Other creditors

6,800,152

2,224,706

6,849,925

2,233,103

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

38

Ordinary A

£1

38

38

38

Ordinary B

£1

38

38

8

Ordinary C

£1

8

8

8

Ordinary D

£1

8

8

8

Ordinary E

£1

8

8

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the balance of other creditors for the period ended 31 March 2025 is a loan from the directors of the company of £6,358,238 (2024: £1,952,939). The loan has interest charged at 2.25% and is repayable on demand.

10.	POST BALANCE SHEET EVENTS

On 24 October 2025, Gallagher Family Group Limited acquired 100% of Prometheus Policing Services Limited (Company no 12313722).

On 5 December 2025, Gallagher Family Group Limited acquired 100% of Team Fusion Group Limited (Company no 13063560) following a company purchase of own shares. Gallagher Family Group Limited held 50% of the share capital at the reporting date.

11.	AMOUNTS OWED BY GROUP UNDERTAKINGS

Included in amounts owed by group undertakings (Falling due after more than one year) is a sum of £1,444,225 (2024: £1,250,707) due from The Herefordshire Golf Club Limited, a 55% subsidiary.

The principal sum advanced is £1,385,000 (2024: £1,215,000). This comprises multiple loan facilities, bearing interest at rates ranging from 1.5% to 4% per annum. The accumulated interest and principal sums are repayable in full 28 February 2032.

The facilities are secured by a fixed and floating charge, comprising a negative pledge, over all assets of The Herefordshire Golf Club Limited.

Included in amounts owed by group undertakings (Falling due within one year) is a sum of £170,000 (2024: £150,000) due from Hereford Energy Solutions Ltd, a 67.5% subsidiary.

The principal sum advanced is £170,000 (2024: £150,000). This comprises multiple loan facilities, bearing interest at 4% per annum. This loan is unsecured and now repayable upon demand.

12.	AMOUNTS OWED BY ASSOCIATES

Included in other debtors (Falling due after more than one year) is a sum of £1,602,541 (2024: £507,983) due from GRW Property Limited, a company in which the directors of Gallagher Family Group Limited own a material interest.

The principal sum advanced is £1,550,000 (2024: £500,000). The loan facility bears interest at a rate of 0.5% per month and is unsecured. The accumulated interest and principal sums are repayable in full 31 December 2028.

Included in amounts owed by associates (Falling due within one year) are sums of £68,980 (2024: £NIL) due from Traumamed Solutions Limited and £4,900 (2024: £NIL) due from Atinno Holdings Limited, companies in which Gallagher Family Group Limited holds a significant but non-controlling interest.

These loans are unsecured, interest free and repayable on demand.

13.	OTHER CREDITORS

Within other creditors is a loan of £105,000 from Prometheus Policing Services Limited, a company which Gallagher Family Group acquired after the reporting date. The loan is unsecured, interest free and repayable on demand.

Included within other creditors is an amount of £190,286 (2024: £219,062) owed to shareholders. The loans are unsecured, interest free and repayable on demand.