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Registered number: 14000970 Besseges Holdings Limited Financial statements Information for filing with the registrar For the Year Ended 28 February 2025
Besseges Holdings Limited Registered number: 14000970 Balance Sheet As at 28 February 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 2,383,013 |  | 2,364,047
Current assets |  |  |  |  |
Cash at bank and in hand | 5 | 24,684 |  | 6,355 |
Creditors: amounts falling due within one year | 6 | (1,813,003) |  | (1,760,038) |
Net current liabilities |  |  | (1,788,319) |  | (1,753,683)
Total assets less current liabilities |  |  | 594,694 |  | 610,364
Creditors: amounts falling due after more than one year | 7 |  | (604,167) |  | (904,167)
Net liabilities |  |  | (9,473) |  | (293,803)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 10 |  | 10
Profit and loss account |  |  | (9,483) |  | (293,813)
|  |  | (9,473) |  | (293,803)
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
D Prendergast
Director
Date: 24 February 2026
The notes on pages 2 to 5 form part of these financial statements. Page 1
Besseges Holdings Limited Notes to the Financial Statements For the Year Ended 28 February 2025
1. | General information
Besseges Holdings Limited is a private company limited by shares incorporated in England and Wales, registered number 14000970. The address of the registered office is Riverside, Dukinfield, Cheshire, England, SK16 4HE. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Exemption from preparing consolidated financial statements
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts
| 2.3 | Going concern
At 28 February 2025, the company has net current liabilities of £1,788,319 (2024: £1,753,683) and net liabilities of £9,473 (2024: £293,803). After making enquiries, and considering the profitability of the company's subsidiary undertakings, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a minimum of 12 months from the date of approval of these financial statements. Accordingly, the company continues to adopt the going concern basis in preparing its financial statements.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.7 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using Page 2
Besseges Holdings Limited Notes to the Financial Statements For the Year Ended 28 February 2025 2.Accounting policies (continued)
| 2.8 | Creditors (continued)
the effective interest method.
| 2.9 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective indications of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
| 2.10 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 March 2024 | 2,364,047
| Additions | 18,966
| At 28 February 2025 | 2,383,013
Page 3
Besseges Holdings Limited Notes to the Financial Statements For the Year Ended 28 February 2025
5. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 24,684 | 6,355
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 250,000 | 250,000
| Amounts owed to group undertakings | 1,513,003 | 1,393,746
| Other creditors | 50,000 | 116,292
|  | 1,813,003 | 1,760,038
| The bank loan is secured by a fixed and floating charge over the assets of the company.
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 604,167 | 854,167
| Other creditors | - | 50,000
|  | 604,167 | 904,167
| The bank loan is secured by a fixed and floating charge over the assets of the company.
Page 4
Besseges Holdings Limited Notes to the Financial Statements For the Year Ended 28 February 2025
8. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 250,000 | 250,000
| Amounts falling due 1-2 years |  |
| Bank loans | 250,000 | 250,000
| Amounts falling due 2-5 years |  |
| Bank loans | 354,167 | 604,167
|  | 854,167 | 1,104,167
| The bank loan is secured by a fixed and floating charge over the assets of the company.
9. | Contingent liabilities
The company has granted a fixed and floating charge over its assets in respect of loan facilities provided to other group companies. At the balance sheet date, the total outstanding liabilities of those group companies secured by this charge amounted to £14,830,117. 10.Directors' personal guarantees D Prendergast has given a personal guarantee for the bank loan of £150,000. £854,167 of the loan remains outstanding at the balance sheet date.
11. | Controlling party
The immediate and ultimate parent undertaking is Hamsard 3791 Limited, a company registered in England and Wales, registered number 15938559. The company is exempt from the obligation to produce and deliver group accounts as Hamsard 3791 is the parent company of the largest group for which group accounts are prepared. The consolidated financial statements of Hamsard 3791 Limited are available to the public and may be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, C14 3UZ.
12. | Auditors' information
The auditors' report on the financial statements for the year ended 28 February 2025 was unqualified. The audit report was signed on 24 February 2026 by Chris Stewardson (Senior Statutory Auditor) on behalf of Hurst Accountants Limited. Page 5
Besseges Holdings Limited