REGISTERED NUMBER: 02444056 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BRITISH HOME ENHANCEMENT

TRADE ASSOCIATION LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A T Weiss

R Jain

P A Boyce

R N Walker

D R Holmes

J C A Collier

C Slater

S J Richardson

J E C Mason

J R D Langford

D J S Singleton

REGISTERED OFFICE:

Federation House

10 Vyse Street

Birmingham

B18 6LT

REGISTERED NUMBER:

02444056 (England and Wales)

AUDITORS:

Shaw Gibbs (Audit) Limited

Chartered Certified Accountants

Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

SOLICITORS:

Howes Percival

Oxford House

Cliftonville

Northampton

NN1 5PN

FIXED ASSETS

Tangible assets

4

40,295

51,274

Investments

5

3,002,203

2,629,543

Investment property

6

1,250,000

1,250,000

4,292,498

3,930,817

CURRENT ASSETS

Stocks

7,845

7,845

Debtors

7

244,376

282,852

Cash at bank and in hand

273,004

266,847

525,225

557,544

CREDITORS

Amounts falling due within one year

8

572,295

579,707

NET CURRENT LIABILITIES

(47,070

)

(22,163

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,245,428

3,908,654

PROVISIONS FOR LIABILITIES

10

288,339

208,549

NET ASSETS

3,957,089

3,700,105

RESERVES

Fair value reserve

628,484

568,749

Retained earnings

3,328,605

3,131,356

3,957,089

3,700,105

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

C Slater - Director

1.	STATUTORY INFORMATION

British Home Enhancement Trade Association Limited is a private company limited by guarantee, without a share capital, 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.

Preparation of consolidated financial statements

The financial statements contain information about British Home Enhancement Trade Association Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover

Turnover represents net invoiced sales of goods and services rendered, excluding value added tax.

Tangible fixed assets

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

Fixtures & fittings

-

10% on cost

Office equipment

-

12.5% on cost

Computer equipment

-

33% on cost and 25% on cost

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Investments in subsidiaries

Investment in subsidiaries are shown at fair value. Any gains or losses arising from change in fair value are taken to the fair value reserve.

Investment property

Investment properties are shown at fair value. Any gains or losses arising from change in fair value are taken to the fair value reserve.

Stocks

Stock of trophies and memorabilia is valued at the lower of cost and net realisable value.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

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 statement of comprehensive income under administrative expenses.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

Listed investments

Listed fixed asset investments are stated at fair value. Realised and unrealised gains and losses arising in changes in fair value are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

Computer

& fittings

equipment

equipment

Totals

£

£

£

£

COST

At 1 January 2025

138,549

5,676

35,709

179,934

Additions

-

-

5,159

5,159

Disposals

-

-

(5,732

)

(5,732

)

At 31 December 2025

138,549

5,676

35,136

179,361

DEPRECIATION

At 1 January 2025

97,455

5,675

25,530

128,660

Charge for year

9,886

-

6,252

16,138

Eliminated on disposal

-

-

(5,732

)

(5,732

)

At 31 December 2025

107,341

5,675

26,050

139,066

NET BOOK VALUE

At 31 December 2025

31,208

1

9,086

40,295

At 31 December 2024

41,094

1

10,179

51,274

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

945,347

1,684,196

2,629,543

Additions

-

539,527

539,527

Disposals

-

(107,470

)

(107,470

)

Revaluations

59,735

(119,132

)

(59,397

)

At 31 December 2025

1,005,082

1,997,121

3,002,203

NET BOOK VALUE

At 31 December 2025

1,005,082

1,997,121

3,002,203

At 31 December 2024

945,347

1,684,196

2,629,543

Cost or valuation at 31 December 2025 is represented by:

Shares in group undertakings

£

Valuation 2012

(57,135

)

Valuation 2018

809,284

Valuation 2019

(18,882

)

Valuation 2020

(605,452

)

Valuation 2021

332,103

Valuation 2022

178,479

Valuation 2023

(128,572

)

Valuation 2024

56,922

Valuation 2025

59,735

Cost

378,600

1,005,082

The investments in group undertakings are valued by the directors using a multiple of adjusted sustainable earnings.

In the opinion of the directors, the aggregate fair value of the company's investment in group undertakings is not less than the amount included in the balance sheet.

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

1,250,000

NET BOOK VALUE

At 31 December 2025

1,250,000

At 31 December 2024

1,250,000

The company's investment property relates to a long leasehold interest in 4 The Lakes, Bedford Road, Northampton. The lease is for a term of 999 years from 24 June 1991.

The investment property is stated at fair value, as valued by Charles Church MRICS on 23 December 2025.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

216,810

243,674

Other debtors

2,212

211

Prepayments and accrued income

25,354

38,967

244,376

282,852

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,403

44,526

Social security and other taxes

17,090

15,533

VAT

76,315

69,899

Other creditors

6,165

8,810

Accruals and deferred income

462,322

440,939

572,295

579,707

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

13,664

Between one and five years

-

27,328

-

40,992

Minimum lease receipts under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

59,181

-

Between one and five years

103,567

-

162,748

-

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

284,514

200,724

Other provisions

3,825

7,825

288,339

208,549

Deferred

tax

£

Balance at 1 January 2025

200,724

Provided during year

83,790

Balance at 31 December 2025

284,514

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

The Report of the Auditors was unqualified.

Robyn Liddell (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited