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Company No: 00130566 (England and Wales)

# T. DENNE AND SONS (HOLDINGS) LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

T. DENNE AND SONS (HOLDINGS) LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

T. DENNE AND SONS (HOLDINGS) LIMITED

## COMPANY INFORMATION

For the financial year ended 30 June 2025
T. DENNE AND SONS (HOLDINGS) LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 June 2025

Directors | T A Denne
| C C Denne
| F D H Denne
| A S Parrett

Registered office | United Kingdom

Company number | 00130566 (England and Wales)

Accountant | Kreston Reeves LLP
| 2nd Floor, Maritime Place
| Quayside
| Chatham Maritime
| Chatham
| Kent
| ME4 4QZ

Bankers | Lloyds Bank Plc
| 108/110 The High Street
| Ashford
| Kent
| TN24 8SD

T. DENNE AND SONS (HOLDINGS) LIMITED

## BALANCE SHEET

As at 30 June 2025
T. DENNE AND SONS (HOLDINGS) LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 0 |  | 1
Tangible assets | 4 | 1,642,287 |  | 1,502,907
Investment property | 5 | 2,520,490 |  | 2,520,490
Investments | 6 | 0 |  | 16,000
|  | 4,162,777 |  | 4,039,398
Current assets |  |  |  |
Stocks | 7 | 373,561 |  | 469,369
Debtors | 8 | 515,895 |  | 534,696
Cash at bank and in hand | 9 | 34,408 |  | 13,007
|  | 923,864 |  | 1,017,072
Creditors: amounts falling due within one year | 10 | ( 1,518,685) |  | ( 1,624,914)
Net current liabilities |  | (594,821) |  | (607,842)
Total assets less current liabilities |  | 3,567,956 |  | 3,431,556
Creditors: amounts falling due after more than one year | 11 | ( 548,970) |  | ( 543,432)
Provision for liabilities | 12 | ( 245,846) |  | ( 156,555)
Net assets |  | 2,773,140 |  | 2,731,569
Capital and reserves |  |  |  |
Called-up share capital | 13 | 99,594 |  | 99,594
Revaluation reserve | 15 | 1,314,522 |  | 1,349,167
Capital redemption reserve | 16 | 26,002 |  | 26,002
Profit and loss account | 17 | 1,333,022 |  | 1,256,806
Total shareholders' funds |  | 2,773,140 |  | 2,731,569

For the financial year ending 30 June 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 year 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 Statement of Comprehensive Income has not been delivered.

The financial statements of T. Denne and Sons (Holdings) Limited (registered number: 00130566) were approved and authorised for issue by the Board of Directors on 28 January 2026. They were signed on its behalf by:

F D H Denne Director |  | C C Denne Director

T. DENNE AND SONS (HOLDINGS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
T. DENNE AND SONS (HOLDINGS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

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

##### General information and basis of accounting

T. Denne and Sons (Holdings) Limited (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 , 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 £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so 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.

##### 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.
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 average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery | 4 - 10 years straight line
Vehicles | 5 years straight line
Office equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Comprehensive Income over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

##### 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.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### 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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 19 |  | 17

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 1 |  | 1
Disposals | ( 1) |  | ( 1)
At 30 June 2025 | 0 |  | 0
Accumulated amortisation |  |  |
At 01 July 2024 | 0 |  | 0
At 30 June 2025 | 0 |  | 0
Net book value |  |  |
At 30 June 2025 | 0 |  | 0
At 30 June 2024 | 1 |  | 1

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 July 2024 | 1,159,257 |  | 1,279,466 |  | 120,505 |  | 28,220 |  | 2,587,448
Additions | 147,039 |  | 65,573 |  | 23,995 |  | 11,888 |  | 248,495
Disposals | 0 |  | 0 |  | ( 8,495) |  | 0 |  | ( 8,495)
At 30 June 2025 | 1,306,296 |  | 1,345,039 |  | 136,005 |  | 40,108 |  | 2,827,448
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 July 2024 | 39,064 |  | 908,542 |  | 113,683 |  | 23,252 |  | 1,084,541
Charge for the financial year | 6,796 |  | 87,691 |  | 8,667 |  | 5,960 |  | 109,114
Disposals | 0 |  | 0 |  | ( 8,494) |  | 0 |  | ( 8,494)
At 30 June 2025 | 45,860 |  | 996,233 |  | 113,856 |  | 29,212 |  | 1,185,161
Net book value |  |  |  |  |  |  |  |  |
At 30 June 2025 | 1,260,436 |  | 348,806 |  | 22,149 |  | 10,896 |  | 1,642,287
At 30 June 2024 | 1,120,193 |  | 370,924 |  | 6,822 |  | 4,968 |  | 1,502,907
Leased assets included above: |  |  |  |  |  |  |  |  |
Net book value |  |  |  |  |  |  |  |  |
At 30 June 2025 | 0 |  | 62,661 |  | 0 |  | 0 |  | 62,661
At 30 June 2024 | 0 |  | 71,613 |  | 0 |  | 0 |  | 71,613

#### 5. Investment property

| Investment property
| £
Valuation |
As at 01 July 2024 | 2,520,490
As at 30 June 2025 | 2,520,490

#### 6. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 July 2024 | 16,000
Disposals | ( 16,000)
At 30 June 2025 | 0
Carrying value at 30 June 2025 | 0
Carrying value at 30 June 2024 | 16,000

Investments in shares

The following were subsidiary undertakings of the Company:

Name of entity | Registered office | Class of shares | Ownership 30.06.2025
T. Denne and Sons Limited |  | Ordinary | 100.00%
M. Hancock & Son Limited |  | Ordinary | 100.00%

#### 7. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 373,561 |  | 469,369

#### 8. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 360,286 |  | 404,545
Prepayments | 128,271 |  | 116,194
Other debtors | 27,338 |  | 13,957
| 515,895 |  | 534,696

#### 9. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 34,408 |  | 13,007
Less: Bank overdrafts | ( 598,895) |  | ( 588,683)
| (564,487) |  | (575,676)

#### 10. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 684,440 |  | 650,958
Trade creditors | 681,610 |  | 824,224
Amounts owed to fellow subsidiaries | 0 |  | 15,999
Accruals | 28,725 |  | 26,715
Other taxation and social security | 33,324 |  | 33,560
Obligations under finance leases and hire purchase contracts | 18,562 |  | 16,905
Other creditors | 72,024 |  | 56,553
| 1,518,685 |  | 1,624,914

#### 11. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 323,194 |  | 310,927
Obligations under finance leases and hire purchase contracts | 23,968 |  | 42,529
Other creditors | 201,808 |  | 189,976
| 548,970 |  | 543,432

The bank loans and overdraft are secured by first legal charges over certain assets.

#### 12. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 156,555) |  | ( 182,860)
(Charged)/credited to the Profit and Loss Account | ( 89,291) |  | 26,305
At the end of financial year | ( 245,846) |  | ( 156,555)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | ( 118,302) |  | ( 90,602)
Tax losses carry forward | 16,811 |  | 43,756
Deferred tax on investment properties | ( 144,355) |  | ( 109,709)
| ( 245,846) |  | ( 156,555)

#### 13. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
9,156 Ordinary shares of £ 1.00 each | 9,156 |  | 9,156
90,438 Preference shares of £ 1.00 each | 90,438 |  | 90,438
| 99,594 |  | 99,594

The preference shares are analysed as follows:
5.6% Cumulative preference- authorised 5,000 shares
- allotted 2,150 shares
- for rights see (i) and (iii) below
4.2% Redeemable cumulative preference- authorised 14,000 shares
- allotted 12,386 shares
- for rights see notes (ii) and (iv) below
4.2% Redeemable cumulative 3rd preference - authorised 22,000 shares
- allotted 14,406 shares
- for rights see notes (ii) and (v) below
4.2% Cumulative 4th preference shares- authorised 78,000 shares
- allotted 61,496 shares
- for rights see notes (i) and (vi) below
Notes:
(i)No redemption costs
(ii)Redeemable in whole or in part on 6 months notice by company
(iii)On winding up 1st preference - paid up amount plus arrears of dividends plus interest at 8% pa from date of commencement of winding up to date of payment.
(iv)On winding up 2nd preference - paid up amount plus arrears of dividends plus interest at 6% pa as above.
(v)On winding up 3rd preference - as for 2nd preference.
(vi)On winding up 4th preference - as for 2nd preference

#### 14. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 206,741 |  | 274,885

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 4,197 |  | 3,598

#### 15. Revaluation reserve

This reserve comprises the revaluation of investment properties less a provision for deferred tax in the event of disposal. The reserve is non-distributable.

#### 16. Capital redemption reserve

This reserve relates to the buy back of shares and is non-distributable.

#### 17. Profit and loss account

This reserve comprises all current and prior period retained distributable profits and losses after deducting any distributions made to the company's shareholders.

#### 18. Ultimate controlling party

The ultimate parent undertaking is T Denne and Sons Group (Holdings) Limited