HOLT FAMILY (HOLDINGS) LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Company Registration No. 07732945 (England and Wales)
HOLT FAMILY (HOLDINGS) LIMITED
COMPANY INFORMATION
Directors
Mr D B Holt
Mr D M Holt
Mrs E L Pix
Mr R L Holt
Company number
07732945
Registered office
Linden Lea
Gilstead Lane
Bingley
West Yorkshire
BD16 3LN
Auditor
Azets Audit Services
Carlton House
Grammar School Street
Bradford
BD1 4NS
HOLT FAMILY (HOLDINGS) LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
4 - 5
Directors' responsibilities statement
3
Independent auditor's report
6 - 8
Group income statement
9
Group statement of comprehensive income
10
Group balance sheet
11
Company balance sheet
12
Group statement of changes in equity
14
Company statement of changes in equity
13
Group statement of cash flows
15
Company statement of cash flows
16
Notes to the financial statements
17 - 32
HOLT FAMILY (HOLDINGS) LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025

The directors present the strategic report for the year ended 30 September 2025.

Fair review of the business

The principal activity of the company continued to be that of running and operating the nursing home businesses, namely The Glen Nursing Home Ltd, Five Rise Nursing Home Limited and The Avenue Care Home (Bradford) Limited to a high standard whilst continuing to meet all regulations as set out by the current regulators the Care Quality Commission (CQC).

The directors consider the results to be very pleasing with continued profits year on year despite rising costs particularly relating to wages.

The directors continue to remain active members of the management and operating team at The Glen Nursing Home, Five Rise Nursing Home and The Avenue Care Home (Bradford). The retention of the strong management team and experienced staff is a continued focus for the group.

The directors also continue to review and assess on a monthly basis the financial performance of the homes within the group and have implemented a quarterly directors meeting to review results and discuss plans moving forward.

Principal risks and uncertainties

The performance of the group continued to exceeded expectations and the group therefore performed better than anticipated.

As ever the CQC regulations and the impact of any negative reports is a key risk for the group.

The Glen Nursing Home and The Avenue Care Home (Bradford) both have received good ratings along with Five Rise Nursing Home receiving an outstanding rating.

The directors are monitoring closely the impact of increasing employment costs from April 26 alongside continuing to watch how general on going inflationary rises in costs have on the cash flow within the business.

Development and performance

Turnover in the coming period is expected to increase, marginally, across the three homes.

The directors note the increase in fees will not be the significant increases seen in the prior few years as the room rates are closely monitored so that they remain competitive but reflect the quality environment and care on offer.

This year saw the full result over the whole period of the uplifted capacity of beds at The Glen Nursing Home has helped with the turnover result.

It is worth noting that the predicted council fee increase may not fully cover the increased employment costs so a focus on ensuring all room are charged at current room rates as new residents arrive alongside tight management of the staffing levels and agency costs is a key focus for the management team.

Despite the increase in borrowing required the additional profit achieved from the additional rooms has been a success.

Future plans

Whilst the success of the of the extension at The Glen Nursing Home with the additional beds being filled immediately and the positive uplift in the profits of the business the directors are maintaining a cautious view to further development of the current sites.

The directors are always looking at opportunities develop current sites, and possibly look at building addiitonal homes, but they are aware of the increased borrowing costs.

Therefore, at present, the continued approach of ensuring current sites are in an excellent standard is deemed preferential to further developments.

However, should an opportunity present itself it will be reviewed on a case by case basis.

- 1 -
HOLT FAMILY (HOLDINGS) LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Key performance indicators

The group operating profit margin has increased to 24.0% (2024 - 20.7%).

The group’s liquidity ratios have increased from the prior year. Current assets are covering current liabilities 2.41 times (2024 - 1.40 times).

The most recent CQC inspections reflect, The Glen Nursing Home and The Avenue Car Home achieved an overall Good rating, Five Rise Nursing Home achieved an overall Outstanding rating.

On behalf of the board

Mr D M Holt
Director
31 March 2026
- 2 -
HOLT FAMILY (HOLDINGS) LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2025

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

- 3 -
HOLT FAMILY (HOLDINGS) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025

The directors present their annual report and financial statements for the year ended 30 September 2025.

Principal activities

The principal activity of the company and group continued to be that of care and residential accommodation.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr D B Holt
Mr D M Holt
Mrs E L Pix
Mr R L Holt
Results and dividends

The results for the year are set out on page 9.

Ordinary dividends were paid amounting to £1,050,870. The directors do not recommend payment of a further dividend.

Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement

The group's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

There is no employee share scheme at present, but the directors are considering the introduction of such a scheme as a means of further encouraging the involvement of employees in the company's performance.

Auditor

Azets Audit Services were appointed as auditor to the group and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Strategic report

The group has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the group's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report.

- 4 -
HOLT FAMILY (HOLDINGS) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
On behalf of the board
Mr D M Holt
Director
31 March 2026
- 5 -
HOLT FAMILY (HOLDINGS) LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF HOLT FAMILY (HOLDINGS) LIMITED
Opinion

We have audited the financial statements of Holt Family (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 30 September 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

- 6 -
HOLT FAMILY (HOLDINGS) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HOLT FAMILY (HOLDINGS) LIMITED
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
- 7 -

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

HOLT FAMILY (HOLDINGS) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HOLT FAMILY (HOLDINGS) LIMITED

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Victoria Wainwright (Senior Statutory Auditor)
For and on behalf of Azets Audit Services, Statutory Auditor
Chartered Accountants
Carlton House
Grammar School Street
Bradford
BD1 4NS
21 April 2026
- 8 -
HOLT FAMILY (HOLDINGS) LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2025
2024
Notes
£
£
Turnover
3
15,019,848
13,773,284
Cost of sales
(1,638,310)
(1,713,108)
Gross profit
13,381,538
12,060,176
Administrative expenses
(9,779,819)
(9,223,455)
Other operating income
26
11,461
Operating profit
4
3,601,745
2,848,182
Interest receivable and similar income
6
13,148
5,014
Interest payable and similar expenses
7
(769,401)
(873,290)
Profit before taxation
2,845,492
1,979,906
Tax on profit
8
(734,870)
(526,042)
Profit for the financial year
2,110,622
1,453,864
Profit for the financial year is all attributable to the owners of the parent company.
- 9 -
HOLT FAMILY (HOLDINGS) LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2025
2024
£
£
Profit for the year
2,110,622
1,453,864
Other comprehensive income
-
-
Cash flow hedges gain arising in the year
-
0
-
0
Total comprehensive income for the year
2,110,622
1,453,864
Total comprehensive income for the year is all attributable to the owners of the parent company.
- 10 -
HOLT FAMILY (HOLDINGS) LIMITED
GROUP BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
10
13,958,143
14,350,641
13,958,143
14,350,641
Current assets
Debtors
13
1,141,129
898,288
Cash at bank and in hand
2,859,932
2,070,944
4,001,061
2,969,232
Creditors: amounts falling due within one year
14
(2,272,769)
(2,119,821)
Net current assets
1,728,292
849,411
Total assets less current liabilities
15,686,435
15,200,052
Creditors: amounts falling due after more than one year
15
(10,245,615)
(10,906,311)
Provisions for liabilities
Deferred tax liability
18
459,908
372,581
(459,908)
(372,581)
Net assets
4,980,912
3,921,160
Capital and reserves
Called up share capital
20
504
504
Profit and loss reserves
5,113,919
4,054,167
Equity attributable to owners of the parent company
5,114,423
4,054,671
Non-controlling interests
(133,511)
(133,511)
Total equity
4,980,912
3,921,160

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 31 March 2026 and are signed on its behalf by:
31 March 2026
Mr D M Holt
Director
Company registration number 07732945 (England and Wales)
- 11 -
HOLT FAMILY (HOLDINGS) LIMITED
COMPANY BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
8,909,965
9,102,119
Investments
11
400
400
8,910,365
9,102,519
Current assets
Debtors
13
5,812,986
5,764,510
Cash at bank and in hand
444,132
25,396
6,257,118
5,789,906
Creditors: amounts falling due within one year
14
(4,517,562)
(3,689,881)
Net current assets
1,739,556
2,100,025
Total assets less current liabilities
10,649,921
11,202,544
Creditors: amounts falling due after more than one year
15
(10,161,255)
(10,804,429)
Provisions for liabilities
Deferred tax liability
18
191,119
120,680
(191,119)
(120,680)
Net assets
297,547
277,435
Capital and reserves
Called up share capital
20
504
504
Profit and loss reserves
297,043
276,931
Total equity
297,547
277,435

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £1,070,982 (2024 - £614,026 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 31 March 2026 and are signed on its behalf by:
31 March 2026
Mr D M Holt
Director
Company registration number 07732945 (England and Wales)
- 12 -
HOLT FAMILY (HOLDINGS) LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 October 2023
504
580,579
581,083
Year ended 30 September 2024:
Profit and total comprehensive income for the year
-
614,026
614,026
Dividends
9
-
(917,674)
(917,674)
Balance at 30 September 2024
504
276,931
277,435
Year ended 30 September 2025:
Profit and total comprehensive income
-
1,070,982
1,070,982
Dividends
9
-
(1,050,870)
(1,050,870)
Balance at 30 September 2025
504
297,043
297,547
- 13 -
HOLT FAMILY (HOLDINGS) LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Share capital
Profit and loss reserves
Total controlling interest
Non-controlling interest
Total
Notes
£
£
£
£
£
Balance at 1 October 2023
504
3,517,978
3,518,482
(133,511)
3,384,971
Year ended 30 September 2024:
Profit and total comprehensive income
-
1,453,863
1,453,863
-
1,453,863
Dividends
9
-
(917,674)
(917,674)
-
(917,674)
Balance at 30 September 2024
504
4,054,167
4,054,671
(133,511)
3,921,160
Year ended 30 September 2025:
Profit and total comprehensive income
-
2,110,622
2,110,622
-
2,110,622
Dividends
9
-
(1,050,870)
(1,050,870)
-
(1,050,870)
Balance at 30 September 2025
504
5,113,919
5,114,423
(133,511)
4,980,912
- 14 -
HOLT FAMILY (HOLDINGS) LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
23
3,714,840
3,405,186
Interest paid
(769,401)
(873,290)
Income taxes paid
(460,857)
(341,721)
Net cash inflow from operating activities
2,484,582
2,190,175
Investing activities
Purchase of tangible fixed assets
(96,967)
(905,101)
Proceeds from disposal of tangible fixed assets
34,372
-
Interest received
13,148
5,014
Net cash used in investing activities
(49,447)
(900,087)
Financing activities
Repayment of bank loans
(572,985)
244,501
Payment of finance leases obligations
(22,292)
(26,124)
Dividends paid to equity shareholders
(1,050,870)
(917,674)
Net cash used in financing activities
(1,646,147)
(699,297)
Net increase in cash and cash equivalents
788,988
590,791
Cash and cash equivalents at beginning of year
2,070,944
1,480,153
Cash and cash equivalents at end of year
2,859,932
2,070,944
- 15 -
HOLT FAMILY (HOLDINGS) LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
2,088,026
1,381,837
Interest paid
(759,950)
(862,672)
Income taxes refunded/(paid)
19,143
(17,000)
Net cash inflow from operating activities
1,347,219
502,165
Investing activities
Purchase of tangible fixed assets
(3,200)
(706,650)
Proceeds from disposal of tangible fixed assets
34,372
-
0
Dividends received
664,200
664,200
Net cash generated from/(used in) investing activities
695,372
(42,450)
Financing activities
Repayment of bank loans
(572,985)
244,501
Dividends paid to equity shareholders
(1,050,870)
(917,674)
Net cash used in financing activities
(1,623,855)
(673,173)
Net increase/(decrease) in cash and cash equivalents
418,736
(213,458)
Cash and cash equivalents at beginning of year
25,396
238,854
Cash and cash equivalents at end of year
444,132
25,396
- 16 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
Company information

Holt Family (Holdings) Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Carlton House, Grammar School Street, Bradford.

The group consists of Holt Family (Holdings) Limited and all of its subsidiaries.

1.1
Accounting convention

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Holt Family (Holdings) Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 30 September 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

1.4
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

- 17 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
1.5
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.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Plant and equipment
20% straight line
Fixtures and fittings
25% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance

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 recognised in the profit and loss account.

1.7
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

- 18 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
1.8
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9
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 current liabilities.

1.10
Financial instruments

The group 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 in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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 m ethod 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.

- 19 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 group 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 paymen 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.

- 20 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.11
Equity instruments

Equity instruments issued by the group are recorded at the 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 group.

1.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

- 21 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.16
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.17
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

- 22 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
3
Turnover and other revenue

An analysis of the group's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Care and residential accommodation
15,019,848
13,773,284
2025
2024
£
£
Other revenue
Interest income
13,148
5,014
Grants received
26
9,205
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Government grants
(26)
(9,205)
Fees payable to the group's auditor for the audit of the group's financial statements
16,500
15,060
Depreciation of owned tangible fixed assets
455,093
442,560
Operating lease charges
85,623
79,329
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
255
237
0
0

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
6,980,091
6,169,210
-
0
-
0
Social security costs
602,545
459,002
-
-
Pension costs
83,691
92,172
-
0
-
0
7,666,327
6,720,384
-
0
-
0
- 23 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
6
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
13,148
4,312
Other interest income
-
702
Total income
13,148
5,014
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
13,148
4,312
7
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Other interest on financial liabilities
761,792
862,672
Other finance costs:
Interest on finance leases and hire purchase contracts
10,263
10,618
Other interest
(2,654)
-
Total finance costs
769,401
873,290
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
647,543
350,000
Deferred tax
Origination and reversal of timing differences
87,327
176,042
Total tax charge
734,870
526,042
- 24 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
8
Taxation
(Continued)

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,845,492
1,979,906
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
711,373
494,977
Tax effect of expenses that are not deductible in determining taxable profit
495
7,076
Tax effect of utilisation of tax losses not previously recognised
(64,873)
(8,075)
Unutilised tax losses carried forward
-
0
32,105
Group relief
(33,468)
(179,808)
Capital allowances and depreciation add back
39,739
3,822
Pension adjustment
(5,723)
(97)
Deferred tax
87,327
176,042
Taxation charge
734,870
526,042
9
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Interim paid
1,050,870
917,674
- 25 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
10
Tangible fixed assets
Group
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 October 2024
15,154,341
338,702
430,201
28,341
286,232
16,237,817
Additions
3,200
-
0
62,584
15,503
15,680
96,967
Disposals
(34,372)
-
0
-
0
-
0
-
0
(34,372)
At 30 September 2025
15,123,169
338,702
492,785
43,844
301,912
16,300,412
Depreciation and impairment
At 1 October 2024
1,357,813
203,206
186,461
16,995
122,701
1,887,176
Depreciation charged in the year
259,695
67,740
75,576
7,606
44,476
455,093
At 30 September 2025
1,617,508
270,946
262,037
24,601
167,177
2,342,269
Carrying amount
At 30 September 2025
13,505,661
67,756
230,748
19,243
134,735
13,958,143
At 30 September 2024
13,796,528
135,496
243,740
11,346
163,531
14,350,641
Company
Freehold land and buildings
£
Cost
At 1 October 2024
10,218,676
Additions
3,200
Disposals
(34,372)
At 30 September 2025
10,187,504
Depreciation and impairment
At 1 October 2024
1,116,557
Depreciation charged in the year
160,982
At 30 September 2025
1,277,539
Carrying amount
At 30 September 2025
8,909,965
At 30 September 2024
9,102,119
- 26 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
11
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
12
-
0
-
0
400
400
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 October 2024 and 30 September 2025
400
Carrying amount
At 30 September 2025
400
At 30 September 2024
400
12
Subsidiaries

Details of the company's subsidiaries at 30 September 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Five Rise Nursing Home Limited
England and Wales
Ordinary
100.00
The Glen Nursing Home Limited
England and Wales
Ordinary
100.00
Holt Family CNH Limited
England and Wales
Ordinary
100.00
The Avenue Care Home Bradford Limited
England and Wales
Ordinary
100.00

The subsidiar y Holt Family (CNH) Limited (registration number 12014675), registered in the United Kingdom and included in these financial statements, is exempt from and audit under section 479A of the Companies Act 2006.

13
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
915,651
758,727
-
0
-
0
Corporation tax recoverable
-
0
29,143
-
0
29,143
Amounts owed by group undertakings
-
-
5,681,930
5,721,409
Other debtors
131,056
13,931
131,056
13,631
Prepayments and accrued income
94,422
96,487
-
0
327
1,141,129
898,288
5,812,986
5,764,510
- 27 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
14
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
16
661,542
591,353
661,542
591,353
Obligations under finance leases
17
17,523
22,293
-
0
-
0
Trade creditors
584,117
814,762
251
35,999
Amounts owed to group undertakings
-
0
-
0
3,526,185
2,900,708
Corporation tax payable
283,244
125,701
70,181
-
0
Other taxation and social security
141,739
107,721
-
-
Other creditors
280,772
174,656
229,613
139,021
Accruals and deferred income
303,832
283,335
29,790
22,800
2,272,769
2,119,821
4,517,562
3,689,881
15
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
16
10,161,255
10,804,429
10,161,255
10,804,429
Obligations under finance leases
17
84,360
101,882
-
0
-
0
10,245,615
10,906,311
10,161,255
10,804,429
16
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
10,822,797
11,395,782
10,822,797
11,395,782
Payable within one year
661,542
591,353
661,542
591,353
Payable after one year
10,161,255
10,804,429
10,161,255
10,804,429

The bank loan value comprises one loan and one drawdown facility. The loans have been provided with interest rates of 7.1% and are repayable within 20 to 22 years.The loans an drawdown facility are secured by fixed charges over the property and guarantees provided by the subsidiary companies.

- 28 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
17
Finance lease obligations
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
17,523
22,293
-
0
-
0
In two to five years
84,360
101,882
-
0
-
0
101,883
124,175
-
-

Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 4 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

18
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
459,908
470,921
Tax losses
-
(98,340)
459,908
372,581
Liabilities
Liabilities
2025
2024
Company
£
£
Accelerated capital allowances
191,119
185,553
Tax losses
-
(64,873)
191,119
120,680
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 October 2024
372,581
120,680
Charge to profit or loss
87,327
70,439
Liability at 30 September 2025
459,908
191,119
- 29 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
18
Deferred taxation
(Continued)
19
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
83,691
92,172

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

20
Share capital
Group and company
2025
2024
Ordinary share capital
£
£
Issued and fully paid
125 Ordinary A shares of £1 each
125
125
125 Ordinary B shares of £1 each
125
125
125 Ordinary C shares of £1 each
125
125
125 Ordinary D shares of £1 each
125
125
1 Ordinary E shares of £1 each
1
1
1 Ordinary F shares of £1 each
1
1
1 Ordinary G shares of £1 each
1
1
1 Ordinary H shares of £1 each
1
1
504
504
21
Related party transactions
Transactions with related parties

The following amounts were outstanding at the reporting end date:

Amounts due to related parties
2025
2024
£
£
Group
Entities with control, joint control or significant influence over the group
2,653
2,653
Company
Entities with control, joint control or significant influence over the company
2,653
2,653
- 30 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
21
Related party transactions
(Continued)

The following amounts were outstanding at the reporting end date:

Amounts due from related parties
2025
2024
Balance
Balance
£
£
Group
Other related parties
131,054
13,630
Company
Other related parties
131,054
13,630
22
Directors' transactions

Dividends totalling £900,000 (2024 - £800,000) were paid in the year in respect of shares held by the company's directors.

Advances or credits have been granted to the group by its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors loan account
-
116,368
1,088,282
(997,691)
206,959
116,368
1,088,282
(997,691)
206,959
23
Cash generated from group operations
2025
2024
£
£
Profit after taxation
2,110,622
1,453,864
Adjustments for:
Taxation charged
734,870
526,042
Finance costs
769,401
873,290
Investment income
(13,148)
(5,014)
Depreciation and impairment of tangible fixed assets
455,093
442,560
Movements in working capital:
(Increase)/decrease in debtors
(271,984)
89,298
(Decrease)/increase in creditors
(70,014)
25,146
Cash generated from operations
3,714,840
3,405,186
- 31 -
HOLT FAMILY (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
24
Analysis of changes in net debt - group
1 October 2024
Cash flows
30 September 2025
£
£
£
Cash at bank and in hand
2,070,944
788,988
2,859,932
Borrowings excluding overdrafts
(11,395,782)
572,985
(10,822,797)
Obligations under finance leases
(124,175)
22,292
(101,883)
(9,449,013)
1,384,265
(8,064,748)
25
Analysis of changes in net debt - company
1 October 2024
Cash flows
30 September 2025
£
£
£
Cash at bank and in hand
25,396
418,736
444,132
Borrowings excluding overdrafts
(11,395,782)
572,985
(10,822,797)
(11,370,386)
991,721
(10,378,665)
- 32 -
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