E. Sidwell Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00733621 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

E. SIDWELL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Sidwell

D H Sidwell

F S R McQueen

S Morland

M C Kemp

SECRETARY:

P D Sowter

REGISTERED OFFICE:

7 Berrington Road

Sydenham Industrial Estate

Leamington Spa

Warwickshire

CV31 1NB

REGISTERED NUMBER:

00733621 (England and Wales)

ACCOUNTANTS:

Dafferns LLP

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

1,164,761

1,196,937

1,164,761

1,196,937

CURRENT ASSETS

Stocks

159,081

134,509

Debtors

7

1,180,405

1,326,557

Cash at bank and in hand

180,241

152,925

1,519,727

1,613,991

CREDITORS

Amounts falling due within one year

8

773,865

897,881

NET CURRENT ASSETS

745,862

716,110

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,910,623

1,913,047

CREDITORS

Amounts falling due after more than one
year

9

(1,184,716

)

(1,215,117

)

PROVISIONS FOR LIABILITIES

(41,000

)

(41,000

)

NET ASSETS

684,907

656,930

CAPITAL AND RESERVES

Called up share capital

10

75

Revaluation reserve

11

696,987

702,688

Capital redemption reserve

11

25

Retained earnings

11

(12,180

)

(45,858

)

SHAREHOLDERS' FUNDS

684,907

656,930

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 September 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 24 June 2026 and were signed on its behalf by:

D H Sidwell - Director

1.	STATUTORY INFORMATION

E. Sidwell Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest £1.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, typically on dispatch of the goods.

Interest payable

Interest payable reflects interest charges on related party loans and is recognised in the Income Statement using the effective interest method.

Tangible fixed assets

Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life.

Plant & machinery

- 20% - 33.3% on cost

Repairs and maintenance costs are charged to the Income Statement in the period in which they are incurred.

Any gains and losses on the disposal of tangible fixed assets are recognised in the Income Statement in the year that the disposal takes place.

Freehold property is shown at fair value, with changes in fair value shown in the revaluation reserve. A market valuation was carried out by Loveitts in October 2021.

The long leasehold property was transferred during the previous year at its carrying value to a short leasehold classification as a result of the remaining term now being less than 50 years. The premises is being depreciated over the remaining life of the term. The fair value gains previously recognised on revaluations of the leasehold property are being transferred to retained earnings in line with depreciation of the premises.

No depreciation has been provided on any freehold buildings during the year. The Company follows a programme of maintenance of its properties, which includes the reinstatement of the fabric of the buildings, where necessary, in order to maintain them to a high standard. Accordingly, in the opinion of the directors, any element of depreciation would be immaterial and no provision has been made.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase and is maintained on a first in, first out basis.

As stocks are sold, the carrying amount of those stocks is recognised as expense in the year in which the related revenue is recognised.

Financial instruments

Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in other administrative expenses.

Other financial assets and liabilities, such as loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The Company operates a defined contribution pension scheme. Contributions payable to the Company's pension scheme are charged to the Income Statement in the period to which they relate.

Operating lease commitments

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 47 ).

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

81,800

AMORTISATION

At 1 October 2024

and 30 September 2025

81,800

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

6.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

Totals

£

COST OR VALUATION

At 1 October 2024

750,000

300,000

1,864,391

2,914,391

Additions

-

47,311

Disposals

-

(40,739

)

(40,739

)

At 30 September 2025

750,000

300,000

1,870,963

2,920,963

DEPRECIATION

At 1 October 2024

-

21,000

1,696,454

1,717,454

Charge for year

-

6,000

73,488

79,488

Eliminated on disposal

-

(40,740

)

(40,740

)

At 30 September 2025

-

27,000

1,729,202

1,756,202

NET BOOK VALUE

At 30 September 2025

750,000

273,000

141,761

1,164,761

At 30 September 2024

750,000

279,000

167,937

1,196,937

The freehold premises are stated at fair value. A valuation was carried out for these purposes in October 2021 by Loveitts on an open market basis. The directors do not believe that this value differs materially from fair value as at 30 September 2025.

If the freehold properties had not been revalued they would have been included at historical cost of £271,393 (2024: 271,393).

The freehold properties at Unit 7 & 8a Berrington Road are held as security against an overdraft facility that remains available to the Company.

7.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

716,479

733,034

Other debtors

254,430

406,041

VAT

36,604

41,748

Prepayments

79,277

52,119

1,086,790

1,232,942

Amounts falling due after more than one year:

Other debtors

93,615

Aggregate amounts

1,180,405

1,326,557

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

591,379

739,642

Social security and other taxes

77,376

64,134

Other creditors

104,065

90,170

Directors' current accounts

1,045

3,935

773,865

897,881

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Other creditors

1,184,716

1,215,117

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

75

Ordinary

£1

75

11.

RESERVES

Retained
earnings

Revaluation
reserve

Capital
redemption
reserve

Totals

£

At 1 October 2024

(45,858

)

702,688

25

656,855

Profit for the year

27,977

-

27,977

Transfer from revaluation reserve

5,701

(5,701

)

-

At 30 September 2025

(12,180

)

696,987

25

684,832

12.	OTHER FINANCIAL COMMITMENTS

At 30 September 2025, the Company had total commitments under non-cancellable operating leases over the remaining life of those leases of £3,426 (2024: £5,020).

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors, is an interest free, short term loan was advanced to the Company during the prior year by Mr A.J. Sidwell for £10,000 which remained outstanding at 30 September 2025 (2024: £10,000). This loan is repayable within one year.

Included within other creditors, is an interest bearing loan previously advanced to the Company by Mr D.H. Sidwell for £550,000 remained outstanding at 30 September 2025 (2024: £580,000). The loan bears interest at a rate of 11.5% and is repayable in more than one year.

14.	RELATED PARTY DISCLOSURES

During the year there were the following related party transactions and balances:

Mr D.H. Sidwell is a beneficiary and Trustee of a Trust which has an interest in Sidwell & Kaye Limited. £134,716 was owed by the Company to Sidwell & Kaye Limited at 30 September 2025 (2024: £135,117). This amount is repayable in more than one year.

Mr D.H. Sidwell owns 67% of the share capital in Quadrangle One Limited and is a director of that company. E. Sidwell Limited previously loaned £93,615 to Quadrangle One Limited. The interest free loan which remained outstanding at 30 September 2025 (2024: £93,615) is repayable in more than one year.

Mr D.H. Sidwell owns 90% of the share capital of Leisure U.K. Limited and is a director of that company. An interest free loan of £2,683 was outstanding at 30 September 2025 from Leisure U.K. Limited (2024: £4,025).

Mr D.H. Sidwell owns 100% of the share capital of Safe One Limited and is a director of that company. E. Sidwell Limited was charged for consultancy services amounting to £85,000 (2024: £65,000) by Safe One Limited. At 30 September 2025, £85,000 was due to Safe One Limited (2024: £65,000). An interest free loan of £225,000 was outstanding at 30 September 2025 from Safe One. Limited (2024: £375,000). As at 30 September 2025, £61.16 (2024: £nil) was due from Safe One Limited, and included in trade debtors.

Mr D.H. Sidwell is a director of Cambridge Market Intelligence Limited. An interest free loan of £Nil was outstanding as 30 September 2025 from Cambridge Market Intelligence Limited (2024: £51).

Mr D H Sidwell owns 50% of the shareholding of Ashorne Limited and is a director of that company. An interest free loan of £Nil was outstanding at 30 September 2025 from Ashorne Limited (2024: £4,131).

In March 2006, a loan was advanced to the Company for £500,000 by a Trust of which Mr A.J. Sidwell is the settlor. Two beneficiaries of the Trust have previously gained absolute entitlement to their portion of the loan and therefore the amount repayable is owed equally (£166,667 each) between the Trust and two of D.H. Sidwell's children.

The loan bears interest at a rate of 17% and is repayable in more than one year. Interest owed by the Company amounted to £9,065 as at 30 September 2025 (2024: £15,170).

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D H Sidwell.