REGISTERED NUMBER: 08567263 (England and Wales)

MACLEHOSE ASSOCIATES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L Clasby

F D H MacLehose

Mrs S J MacLehose

I M G Senior

SECRETARY:

Ms J M Knight

REGISTERED OFFICE:

Highland House

Mayflower Close

Chandlers Ford

Eastleigh

Hampshire

SO53 4AR

REGISTERED NUMBER:

08567263 (England and Wales)

FIXED ASSETS

Intangible assets

4

200,000

225,000

Tangible assets

5

38,085

44,591

Investments

6

1

1

238,086

269,592

CURRENT ASSETS

Debtors

7

1,626,613

1,295,422

Cash at bank and in hand

292,886

530,202

1,919,499

1,825,624

CREDITORS

Amounts falling due within one year

8

(58,643

)

(104,379

)

NET CURRENT ASSETS

1,860,856

1,721,245

TOTAL ASSETS LESS CURRENT LIABILITIES

2,098,942

1,990,837

CREDITORS

Amounts falling due after more than one year

9

(269,214

)

(286,454

)

PROVISIONS FOR LIABILITIES

12

(2,155

)

(2,919

)

NET ASSETS

1,827,573

1,701,464

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,827,473

1,701,364

1,827,573

1,701,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 July 2026 and were signed on its behalf by:

Ms L Clasby - Director

I M G Senior - Director

1.	STATUTORY INFORMATION

MacLehose Associates 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.

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern

These financial statements are prepared on the going concern basis. The directors' have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

Straight line over 10 years

Plant and machinery

-

25% Reducing balance

Computer equipment

-

25% Reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

Financial assets

The company 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 assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables 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 method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

500,000

AMORTISATION

At 1 January 2025

275,000

Charge for year

25,000

At 31 December 2025

300,000

NET BOOK VALUE

At 31 December 2025

200,000

At 31 December 2024

225,000

5.	TANGIBLE FIXED ASSETS

Improvements

Plant and

Computer

to property

machinery

equipment

Totals

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

30,950

18,487

85,963

135,400

DEPRECIATION

At 1 January 2025

-

16,654

74,155

90,809

Charge for year

3,095

458

2,953

6,506

At 31 December 2025

3,095

17,112

77,108

97,315

NET BOOK VALUE

At 31 December 2025

27,855

1,375

8,855

38,085

At 31 December 2024

30,950

1,833

11,808

44,591

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,098,602

959,875

Other debtors

528,011

335,547

1,626,613

1,295,422

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,391

-

Trade creditors

15,082

20,348

Taxation and social security

13,959

47,414

Other creditors

18,211

36,617

58,643

104,379

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

269,214

286,454

10.	LEASING AGREEMENTS

At the balance sheet date the company had future commitments under operating leases which totalled £154,000 (2024: £170,601).

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

11,391

-

Other creditors

269,214

286,454

280,605

286,454

Other creditors falling due after more that one year comprise of a loan owed to one of the directors' which has been secured by a debenture over the assets of the company.

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,155

2,919

Deferred tax

£

Balance at 1 January 2025

2,919

Decelerated capital allowances

(764

)

Balance at 31 December 2025

2,155

13.	CONTINGENT LIABILITIES

The company has guaranteed bank borrowings of the other group companies. At the year end the liabilities covered by these guarantees totalled £343,711 (2024: 357,459).