| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 |
| FOR |
| VEITCH FAMILY HOLDINGS LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 |
| FOR |
| VEITCH FAMILY HOLDINGS LIMITED |
| VEITCH FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 01847361) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| VEITCH FAMILY HOLDINGS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 20 Harcourt Street |
| London |
| W1H 4HG |
| BANKERS: |
| 2 Triton Square, Regent's Plac |
| London |
| NW1 3AN |
| VEITCH FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 01847361) |
| BALANCE SHEET |
| 31 DECEMBER 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| Investment property | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Investments | 9 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 10 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
11 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 12 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 13 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| VEITCH FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 01847361) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| VEITCH FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 01847361) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 1. | STATUTORY INFORMATION |
| Veitch Family Holdings Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared under the historical cost accounting rules as set out in the Companies Act 1985, subject to a freehold property shown at valuation, and in accordance with applicable accounting standards. |
| Goodwill |
| 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. |
| Revenue |
| Management fees are charged in relation to time periods and are recognised as income on that basis. |
| Rental income is recognised evenly over the period of the lease on a time basis. |
| Investments in subsidiaries and associates |
| Investments in subsidiaries and associates are shown at cost. Income from these is recognised when received. Income from associates is not recognised on an equity basis in the company accounts, but is so recognised in the consolidated group accounts. |
| Investment property |
| Investment properties are shown at open market valuation with no depreciation being shown. Surpluses on revaluation are taken to revaluation reserve, and losses on revaluation are set against the revaluation reserve except to the extent that the loss charged exceeds the balance on the revaluation reserve, when the excess is charged against profit. |
| 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. |
| VEITCH FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 01847361) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 for the directors. Contributions are charged against profit when paid. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 January 2025 |
| and 31 December 2025 |
| AMORTISATION |
| At 1 January 2025 |
| and 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| VEITCH FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 01847361) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2025 |
| Impairments | (369,022 | ) | - | (369,022 | ) |
| At 31 December 2025 |
| DEPRECIATION |
| At 1 January 2025 |
| Charge for year |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| 6. | FIXED ASSET INVESTMENTS |
| 2025 | 2024 |
| £ | £ |
| Shares in group undertakings |
| Loans to group undertakings |
| Participating interests | - | 75,754 |
| Additional information is as follows: |
| Shares in | Interest |
| group | in |
| undertakings | associate | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2025 | 75,754 | 75,880 |
| Additions | 516,962 |
| Disposals | ( |
) | ( |
) | (592,716 | ) |
| At 31 December 2025 | 126 |
| NET BOOK VALUE |
| At 31 December 2025 | 126 |
| At 31 December 2024 | 75,880 |
| VEITCH FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 01847361) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 6. | FIXED ASSET INVESTMENTS - continued |
| Loans to |
| group |
| undertakings |
| £ |
| At 1 January 2025 |
| Repayment in year | ( |
) |
| Other movement | ( |
) |
| At 31 December 2025 |
| 7. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2025 |
| and 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| The investment property shown above is a freehold acquired in the year to 31st December 2001 and was revalued by the directors as at 31st December 2014 at £650,000. |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Sum due by connected company | 256,011 | - |
| Sums due by group company | 797,176 | - |
| Prepayments and accrued income |
| 9. | CURRENT ASSET INVESTMENTS |
| 2025 | 2024 |
| £ | £ |
| Other |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Due to associated companies | - | 22,193 |
| Due to group companies | 45,452 | 15,091 |
| Accruals and deferred income |
| VEITCH FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 01847361) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts |
| 12. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 16,000 | 39,000 |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2025 |
| Provided during year | ( |
) |
| Balance at 31 December 2025 |
| 13. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| A Ordinary shares | 1 | 102 | 102 |
| B Ordinary shares | 1 | - | 102 |
| 102 | 204 |
| On 11th December 2023 the 102 Ordinary shares of £1 each were cancelled and replaced by 102 A Ordinary shares of £1 each and 102 B Ordinary shares of £1 each, each Ordinary share being replaced by 1 A ordinary share and I B ordinary share as a bonus issue. |
| The B Ordinary shares carry an entitlement to all income and gains from the company's investment in Eurocoin GmbH., and the A Ordinary shares to all other income and gains. |
| On 11th November 2025 the B Ordinary shares were bought back by the company at par and cancelled. |
| 14. | RELATED PARTY DISCLOSURES |
| The company has provided loans to two subsidiary companies, which are unsecured but are at market rates of interest and with agreed terms of repayment. At the year end these loans due to the company totalled £802,985 (2024: £486,981). |
| 15. | ULTIMATE CONTROLLING PARTY |
| N J Veitch and C R Veitch, the two directors of the company, each has a 50% beneficial interest in the company's share capital and therefore are jointly the ultimate controlling party. |
| 16. | GOING CONCERN |
| The Directors consider that the company has sufficient facilities and working capital in place to support its operations for a period of at least two years from the date of these financial statements and consequently the directors consider it appropriate to present financial statements prepared on a going concern basis. |