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2025-02-28 04747067 dpl:GroupUndertakings 2024-03-01 2025-02-28 04747067 dpl:ParticipatingInterests 2024-03-01 2025-02-28 04747067 dpl:GroupUndertakings core:ListedExchangeTraded 2024-03-01 2025-02-28 04747067 core:ListedExchangeTraded 2024-03-01 2025-02-28 04747067 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-03-01 2025-02-28 04747067 core:UnlistedNon-exchangeTraded 2024-03-01 2025-02-28 04747067 core:NetGoodwill 2026-02-28 04747067 core:IntangibleAssetsOtherThanGoodwill 2026-02-28 04747067 core:LandBuildings 2026-02-28 04747067 core:PlantMachinery 2026-02-28 04747067 core:Vehicles 2026-02-28 04747067 core:FurnitureFittings 2026-02-28 04747067 core:OfficeEquipment 2026-02-28 04747067 core:AfterOneYear 2026-02-28 04747067 core:WithinOneYear 2026-02-28 04747067 core:ListedExchangeTraded 2026-02-28 04747067 core:UnlistedNon-exchangeTraded 2026-02-28 04747067 core:ShareCapital 2026-02-28 04747067 core:SharePremium 2026-02-28 04747067 core:RevaluationReserve 2026-02-28 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GUARDIAN LTD

Registered Number
04747067
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2026

GUARDIAN LTD
Company Information
for the year from 1 March 2025 to 28 February 2026

Directors | BOSHIER, David Mark
| ANDERSON, Nigel Robert
| BOSHIER, James Toby

Registered Address | Sterling House
| Stroudley Road
| Basingstoke
| RG24 8UG

Registered Number | 04747067 (England and Wales)

GUARDIAN LTD
Balance Sheet as at
28 February 2026

| Notes | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 84,214 |  |  |  | 56,365
Investment property | 4 |  |  | 3,478,301 |  |  |  | 3,724,715
|  |  |  | 3,562,515 |  |  |  | 3,781,080
Current assets |  |  |  |  |  |  |  |
Debtors |  | 50,661 |  |  |  | 47,254 |  |
Current asset investments | 6 | 25,000 |  |  |  | 25,000 |  |
Cash at bank and on hand |  | 327,615 |  |  |  | 158,024 |  |
|  | 403,276 |  |  |  | 230,278 |  |
Creditors amounts falling due within one year | 7 | (172,562) |  |  |  | (266,515) |  |
Net current assets (liabilities) |  |  |  | 230,714 |  |  |  | (36,237)
Total assets less current liabilities |  |  |  | 3,793,229 |  |  |  | 3,744,843
Creditors amounts falling due after one year | 8 |  |  | - |  |  |  | (306,797)
Provisions for liabilities | 9 |  |  | (2,648) |  |  |  | -
Net assets |  |  |  | 3,790,581 |  |  |  | 3,438,046
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 250,000 |  |  |  | 250,000
Profit and loss account |  |  |  | 3,540,581 |  |  |  | 3,188,046
Shareholders' funds |  |  |  | 3,790,581 |  |  |  | 3,438,046

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 3 April 2026, and are signed on its behalf by:
BOSHIER, David Mark Director Registered Company No. 04747067

GUARDIAN LTD
Notes to the Financial Statements
for the year ended 28 February 2026

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Basis of preparation
--- | ---
| 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.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Going concern
--- | ---
| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future despite the impact of Covid-19 on their sector, thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Turnover policy
--- | ---
| Turnover represents the invoiced value, net of VAT, of rental and service charge income. Rental income on assets leased under operating leases is recognised on a straight-line basis over the lease term and is presented within turnover.

| Revenue from sale of goods
--- | ---
| Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

| Current taxation
--- | ---
| The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable. Current and deferred tax is charged or credited to profit or loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity. Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously. Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting date.

| Deferred tax
--- | ---
| 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.

| Intangible assets
--- | ---
| Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. 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. Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

|  | Straight line (years)
| Plant and machinery | 5
| Fixtures and fittings | 5
| Vehicles | 4
| Office Equipment | 3

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.

| Investment property
--- | ---
| The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

| Financial instruments
--- | ---
| Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks. The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised 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, which include trade and other 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest. 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, including trade and other creditors and bank loans, 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 payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. | Average number of employees
--- | ---

|  | 2026 |  | 2025
| Average number of employees during the year | 3 |  | 3

3. | Tangible fixed assets
--- | ---

|  | Plant & machinery |  | Vehicles |  | Fixtures & fittings |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 March 25 | 11,685 |  | 83,150 |  | 59,841 |  | 2,398 |  | 157,074
| Additions | - |  | - |  | 55,040 |  | - |  | 55,040
| At 28 February 26 | 11,685 |  | 83,150 |  | 114,881 |  | 2,398 |  | 212,114
| Depreciation and impairment
| At 01 March 25 | 974 |  | 42,048 |  | 55,548 |  | 2,139 |  | 100,709
| Charge for year | 2,337 |  | 17,615 |  | 7,045 |  | 194 |  | 27,191
| At 28 February 26 | 3,311 |  | 59,663 |  | 62,593 |  | 2,333 |  | 127,900
| Net book value
| At 28 February 26 | 8,374 |  | 23,487 |  | 52,288 |  | 65 |  | 84,214
| At 28 February 25 | 10,711 |  | 41,102 |  | 4,293 |  | 259 |  | 56,365

4. | Investment property
--- | ---

|  | £
| Fair value at 01 March 25 | 3,724,715
| Additions | 427,638
| Disposals | (674,052)
| At 28 February 26 | 3,478,301

5. | Fixed asset investments
--- | ---
| The valuations of investment properties were made as at 2 February 2022 by Messrs Kemsley LLP, Property Consultants, on an open market basis. No depreciation is provided in respect of these properties. The fair value of investment property amounted to £3,478,301 (2025:£3,724,715). On an historical cost basis these would have been included at an original cost of £3,543,367 (2025:£3,297,083).

6. | Current asset investments
--- | ---

7. | Creditors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 2,083 |  | 952
| Bank borrowings and overdrafts | - |  | 26,046
| Taxation and social security | 70,539 |  | 44,728
| Payments received on account | 3,710 |  | 110,000
| Other creditors | 25,000 |  | 25,000
| Accrued liabilities and deferred income | 71,230 |  | 59,789
| Total | 172,562 |  | 266,515

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The aggregate amount of creditors for which security has been given amounted to £0 (2025:£26,046).

8. | Creditors: amounts due after one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | - |  | 306,797
| Total | - |  | 306,797

| The aggregate amount of creditors for which security has been given amounted to £0 (2025:£306,797).

9. | Provisions for liabilities
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 2,648 |  | -
| Total | 2,648 |  | -

10. | Operating lease commitments
--- | ---
| Lessor At the reporting end date the company had contracted with tenants for the following minimum lease payments: Within one year £141,370, (2025 £246,380) Between one and five years £87,742 (2025 £74,653) Total £229,112 (2025 £321,033)