| Squirrel Holdings Limited |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Land and buildings |
2% on cost |
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Property improvements |
2% on cost |
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Motor vehicles |
20% on written down value |
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Furniture & office equipment |
20% on written down value |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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| 3 |
Tangible fixed assets |
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Land and buildings |
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Motor vehicles |
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Office equipment |
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Total |
| £ |
£ |
£ |
£ |
|
Cost |
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At 1 November 2024 |
1,811,520 |
|
65,011 |
|
13,178 |
|
1,889,709 |
|
Additions |
231,906 |
|
- |
|
1,833 |
|
233,739 |
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At 31 October 2025 |
2,043,426 |
|
65,011 |
|
15,011 |
|
2,123,448 |
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Depreciation |
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At 1 November 2024 |
256,261 |
|
16,253 |
|
5,138 |
|
277,652 |
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Charge for the year |
40,868 |
|
9,752 |
|
1,975 |
|
52,595 |
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At 31 October 2025 |
297,129 |
|
26,005 |
|
7,113 |
|
330,247 |
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Net book value |
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At 31 October 2025 |
1,746,297 |
|
39,006 |
|
7,898 |
|
1,793,201 |
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At 31 October 2024 |
1,555,259 |
|
48,758 |
|
8,040 |
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1,612,057 |
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| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
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Cost |
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At 1 November 2024 |
100 |
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At 31 October 2025 |
100 |
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The company's investment in its subsidiary company represents the cost of acquisition of the whole of the ordinary share capital of Gables (UK) Limited, which provides building contracting services. |
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At 31 October 2025 the aggregate of the share capital and reserves of Gables (UK) Limited amounted to £563930 and the profit after tax for the year to that date was £433485. |
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| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
217 |
|
3,247 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
1,019,000 |
|
1,500,000 |
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Other debtors |
7,320 |
|
18,188 |
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1,026,537 |
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1,521,435 |
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| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Trade creditors |
- |
|
14 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
231,000 |
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Taxation and social security costs |
134,203 |
|
115,933 |
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Other creditors |
13,754 |
|
101,735 |
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|
147,957 |
|
448,682 |
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| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
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Creditors include: |
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Secured bank loans |
150,182 |
|
150,182 |
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The company is subject to fixed and floating charges over the land and buildings. |
| 8 |
Contingent liabilities |
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There were no contingent liabilities at 31 October 2025. |
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| 9 |
Related party transactions |
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Mr AE Snook controls the company by virtue of his shareholding. |
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Mr and Mrs Snook have an non-interest paying loan account with the company. During the period dividends of £403000 were credited to the loan account and regular withdrawals were made. At 31 October 2025 the company owed Mr and Mrs Snook £3285 (2024: £100285).
A legal charge dated 23 April 2010 has been created in respect of the loan and there is a formal lease agreement in place between Squirrel Holdings Ltd and Gables UK Ltd. Total rent payable during the year ended 31 October 2025 in respect of this lease amounted to £27000. |
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The company also provides management services to Gables UK Ltd. Total charges during the year were £250000. These amounts were unpaid at the period end and have been included within debtors. |
| 10 |
Other information |
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Squirrel Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Unit 16 Eastway Business Village |
|
Olivers Place |
|
Fulwood |
|
Preston |
|
PR2 9WT |