REGISTERED NUMBER: 07570232 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GROWTH LED INNOVATION DRIVEN

EMPLOYEE COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H D Facey

R A Davies

J E Martin

J D Sallows

C L Cliff

M Hodgson

D J Oxley

P C Hartland

SECRETARY:

K B Cullen

REGISTERED OFFICE:

The Old West Gun Works

201 Savile Street East

SHEFFIELD

S4 7UQ

REGISTERED NUMBER:

07570232 (England and Wales)

AUDITORS:

Hollis and Co Limited

Chartered Accountants

Statutory Auditor

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Investments

4

21,844,295

24,980,456

CURRENT ASSETS

Debtors

5

14,253

13,976

Investments

6

3,321,501

3,778,499

Cash at bank and in hand

130,959

4,207

3,466,713

3,796,682

CREDITORS

Amounts falling due within one year

7

1,054,398

1,058,814

NET CURRENT ASSETS

2,412,315

2,737,868

TOTAL ASSETS LESS CURRENT LIABILITIES

24,256,610

27,718,324

RESERVES

Revaluation reserve

8

9,529,287

12,759,432

Donation reserve

8

11,737,150

11,737,150

Retained earnings

8

2,990,173

3,221,742

24,256,610

27,718,324

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2026 and were signed on its behalf by:

M Hodgson - Director

1.	STATUTORY INFORMATION

Growth Led Innovation Driven Employee Company is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Investments held as fixed assets and current assets are stated at fair value.

The gain or loss on revaluation of fixed asset investments have not been recorded in the Profit and Loss account as required by FRS102 Section A as a 'true and fair' override has been applied.

The investments are held for the long term benefit of the company and are not available for sale. Any revaluation of the investments is therefore purely notional and cannot be realised, and so it would be misleading to recognise any gain or loss on revaluation in the Profit and Loss account.

The gain or loss on revaluation of current asset investments has been recorded in the Profit and Loss account as required by FRS102 Section A.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1 January 2025

24,980,456

Revaluations

(3,136,161

)

At 31 December 2025

21,844,295

NET BOOK VALUE

At 31 December 2025

21,844,295

At 31 December 2024

24,980,456

Cost or valuation at 31 December 2025 is represented by:

Unlisted

investments

£

Valuation in 2025

21,844,295

If the fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

11,737,151

11,737,151

Fixed asset investments were valued on a fair value basis on 31 December 2025 by the directors .

The fair value of the investment's is considered to be the Q4 share price. Although the shares are not tradeable (either by Articles or by intention), the shares maintain a right to future dividends, and the share price is determined by a formula which is based upon the past dividends.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,253

13,247

Other debtors

-

729

14,253

13,976

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

3,321,501

3,778,499

Current asset investments were valued on a fair value basis on 31 December 2025 by the directors.

The fair value of the investment's is considered to be the Q4 share price.

If the current asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

3,860,883

4,223,896

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

502,360

Trade creditors

70,419

71,428

Other creditors

-

6,187

Intercompany loan - Gripple

811,420

396,230

Other creditors

121,916

-

Intercompany Loan - Loadhog

10,000

-

Accruals and deferred income

40,643

82,609

1,054,398

1,058,814

8.

RESERVES

Retained

Revaluation

Donation

earnings

reserve

reserve

Totals

£

£

£

£

At 1 January 2025

3,221,742

12,759,432

11,737,150

27,718,324

Deficit for the year

(325,554

)

(325,554

)

Donated shares

-

(3,136,160

)

-

(3,136,160

)

Revaluation transfer

93,985

(93,985

)

-

-

At 31 December 2025

2,990,173

9,529,287

11,737,150

24,256,610

The Donations Reserve represents the cost price of shares donated to the company.

The Revaluation Reserve represents the revaluation of the fixed and current asset investments.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Hollis (Senior Statutory Auditor)

for and on behalf of Hollis and Co Limited

10.	ULTIMATE CONTROLLING PARTY

There is no controlling party.