REGISTERED NUMBER: 01042742 (England and Wales)

GORDON DALE ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

G A Crickmay

E L Crickmay

SECRETARY:

E L Crickmay

REGISTERED OFFICE:

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

REGISTERED NUMBER:

01042742 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Tangible assets

4

46,006

59,526

CURRENT ASSETS

Stocks

128,389

140,060

Debtors

5

1,302,938

2,491,203

Cash at bank

59,320

68,037

1,490,647

2,699,300

CREDITORS

Amounts falling due within one year

6

(746,565

)

(1,105,545

)

NET CURRENT ASSETS

744,082

1,593,755

TOTAL ASSETS LESS CURRENT LIABILITIES

790,088

1,653,281

CREDITORS

Amounts falling due after more than one year

7

-

(13,653

)

PROVISIONS FOR LIABILITIES

11

(477,965

)

(480,885

)

NET ASSETS

312,123

1,158,743

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

312,023

1,158,643

312,123

1,158,743

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 23 July 2026 and were signed on its behalf by:

E L Crickmay - Director

G A Crickmay - Director

1.	STATUTORY INFORMATION

Gordon Dale Enterprises 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.

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the ongoing funding requirements of the company and its parent in the context of the overall group strategy and the completion by the parent of the construction of the new premises providing showroom, workshop and offices.

The going concern basis is considered appropriate as the parent company directors have acquired, after the reporting date, long term funding from Metro Bank of £3.5m, repayable over 35 years together with preference shares of a total of £900,000 to replace the parent's existing short term borrowing. In addition, the parent company directors and shareholders will continue to provide financial support to the group for the foreseeable future to enable it to meet its liabilities as they fall due.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and value-added tax. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the company.

Revenue from vehicle servicing and repair work is recognised in the period in which the services are provided, when the customer has accepted the work performed, and the invoice has been issued.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged to allocate the cost of assets less their residual value over their estimated useful lives from the date they come into use.

Depreciation is provided on the following basis:

- Plant and machinery - 25% Reducing balance

- Fixture and fittings - 25% Reducing balance

- Short leasehold - over life of lease

- Motor Vehicles - 25% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Stocks

Stock is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial instruments are classified by the directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic financial instruments.

Taxation

Taxation for the period 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.

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 in which they relate to.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 December 2024

48,495

81,712

48,080

34,149

212,436

Additions

-

7,211

-

2,000

9,211

At 30 November 2025

48,495

88,923

48,080

36,149

221,647

DEPRECIATION

At 1 December 2024

42,999

67,778

24,792

17,341

152,910

Charge for year

1,832

3,916

12,572

4,411

22,731

At 30 November 2025

44,831

71,694

37,364

21,752

175,641

NET BOOK VALUE

At 30 November 2025

3,664

17,229

10,716

14,397

46,006

At 30 November 2024

5,496

13,934

23,288

16,808

59,526

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

170,588

516,076

Other debtors

56,717

59,365

227,305

575,441

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,075,633

1,915,762

Aggregate amounts

1,302,938

2,491,203

The amount due from the group undertaking attracts interest at a rate of 6% per annum.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

8,773

10,289

Hire purchase contracts (see note 9)

5,709

10,084

Trade creditors

196,106

448,543

Amounts owed to group undertakings

343,283

549,272

Taxation and social security

50,874

64,058

Other creditors

141,820

23,299

746,565

1,105,545

On 27 November 2025, Frank Dale & Stepsons Limited joined the Gordon Dale Group. To reflect the revised group structure, the comparative figures have been reclassified, with amounts previously reported within other creditors totalling £549,272 now presented as amounts owed to group undertakings to ensure consistency and comparability with the current year's disclosures.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

-

8,773

Hire purchase contracts (see note 9)

-

4,880

-

13,653

The company received a Coronavirus Bounce Back Loan which attracts interest at a fixed rate of 2.5%. Repayments of capital and interest are being made monthly for a period of 5 years until September 2026. The loan is unsecured.

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

8,773

10,289

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

8,773

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

5,709

10,084

Between one and five years

-

4,880

5,709

14,964

At 30 November 2025 the company had future minimum lease payments under non-cancellable operating leases as follows:

2025

2024

£

£

Within one year

196,763

196,763

Between one and five years

196,763

393,525

393,525

590,288

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

5,709

14,964

All monies owed to National Westminster Bank Plc, including the bank loan, are secured over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

The provision for Liabilities is made up as follows:

2025

2024

£

£

Rollover relief

438,385

438,385

Accelerated capital allowances

14,580

17,500

Dilapidations

25,000

25,000

477,965

480,885

12.	RELATED PARTY DISCLOSURES

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, where permissible.

13.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gordon Dale Enterprises Limited for the year ended 30 November 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gordon Dale Enterprises Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gordon Dale Enterprises Limited and state those matters that we have agreed to state to the Board of Directors of Gordon Dale Enterprises Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gordon Dale Enterprises Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gordon Dale Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gordon Dale Enterprises Limited. You consider that Gordon Dale Enterprises Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gordon Dale Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than you, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

23 July 2026