REGISTERED NUMBER: 11785868 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Axal Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A G Broadley

Mr M Gascoigne

Mr M J Gascoigne

Mr D G Mccreadie

SECRETARY:

Mrs L Broadley

REGISTERED OFFICE:

Suite 10 Sandown House

Sandbeck Way

Wetherby

West Yorkshire

LS22 7DN

REGISTERED NUMBER:

11785868 (England and Wales)

ACCOUNTANTS:

Royston Parkin Limited

2 President Buildings

Savile Street East

Sheffield

South Yorkshire

S4 7UQ

FIXED ASSETS

Investments

4

4

4

Investment property

5

2,182,500

2,158,566

2,182,504

2,158,570

CURRENT ASSETS

Debtors

6

402,242

356,953

Cash at bank

150,091

88,300

552,333

445,253

CREDITORS

Amounts falling due within one year

7

143,273

199,201

NET CURRENT ASSETS

409,060

246,052

TOTAL ASSETS LESS CURRENT LIABILITIES

2,591,564

2,404,622

CREDITORS

Amounts falling due after more than one year

8

(1,384,413

)

(1,244,809

)

PROVISIONS FOR LIABILITIES

10

(83,212

)

(81,475

)

NET ASSETS

1,123,939

1,078,338

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

11

437,904

428,817

Retained earnings

685,935

649,421

1,123,939

1,078,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2026 and were signed on its behalf by:

Mr A G Broadley - Director

Mr D G Mccreadie - Director

Mr M Gascoigne - Director

Mr M J Gascoigne - Director

1.	STATUTORY INFORMATION

Axal Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2024

and 30 November 2025

4

NET BOOK VALUE

At 30 November 2025

4

At 30 November 2024

4

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

2,158,566

Additions

14,846

Revaluations

9,088

At 30 November 2025

2,182,500

NET BOOK VALUE

At 30 November 2025

2,182,500

At 30 November 2024

2,158,566

Investment property has been revalued by the directors to be current estimated resale values.

Fair value at 30 November 2025 is represented by:

£

Valuation in 2021

962,986

Valuation in 2022

951,617

Valuation in 2023

(30,593

)

Valuation in 2024

274,556

Valuation in 2025

23,934

2,182,500

If all properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,744,596

1,729,749

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amount due from 1 connected co

402,242

356,953

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,083

10,000

Trade creditors

1,882

5,169

Tax

6,314

2,927

Directors' current accounts

125,719

179,185

Accruals and deferred income

3,275

1,920

143,273

199,201

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

6,083

Bank loans more 5 yrs non-inst

1,384,413

1,238,726

1,384,413

1,244,809

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,384,413

1,238,726

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,390,496

1,254,809

Fixed charges over the investment properties of the company.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

83,212

81,475

Deferred

tax

£

Balance at 1 December 2024

81,475

Provided during year

1,737

Balance at 30 November 2025

83,212

11.

RESERVES

Fair

value

reserve

£

At 1 December 2024

428,817

Revaluation to Fair Value

9,087

At 30 November 2025

437,904