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Registration number: 07299834

Specialised Car Covers Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Specialised Car Covers Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Specialised Car Covers Limited

(Registration number: 07299834)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,558,066 |  | 1,588,606
Investments | 5 |  | 1,814,030 |  | 1,814,030
|  |  | 3,372,096 |  | 3,402,636
Current assets |  |  |  |  |
Debtors | 6 | - |  | 8,145 |
Cash at bank and in hand |  | 75,226 |  | 36,664 |
|  | 75,226 |  | 44,809 |
Creditors: Amounts falling due within one year | 7 | (123,633) |  | (154,592) |
Net current liabilities |  |  | (48,407) |  | (109,783)
Total assets less current liabilities |  |  | 3,323,689 |  | 3,292,853
Creditors: Amounts falling due after more than one year | 7 |  | (1,091,200) |  | (1,048,165)
Provisions for liabilities |  |  | (21,006) |  | (19,868)
Net assets |  |  | 2,211,483 |  | 2,224,820
Capital and reserves |  |  |  |  |
Called up share capital | 8 | 634,604 |  | 634,604 |
Retained earnings |  | 1,576,879 |  | 1,590,216 |
Shareholders' funds |  |  | 2,211,483 |  | 2,224,820

Specialised Car Covers Limited

(Registration number: 07299834)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2026 and signed on its behalf by:

......................................... K A Fishwick Director

Specialised Car Covers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Riverdale House
Dockfield Road
Shipley
BD17 7AD

These financial statements were authorised for issue by the Board on 22 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Summary of disclosure exemptions

The company has taken advantage of the exemption under Financial Reporting Standard 102 Section 1AC.35 from disclosing transactions and balances with fellow group undertakings that are wholly owned.

Group accounts not prepared

Specialised Car Covers Limited is exempt from preparing group financial statements as the group is small.

Revenue recognition

Turnover represents amounts chargeable in respect of rents and service charges.
The company recognises revenue when the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Specialised Car Covers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold buildings | 2% straight line basis on buildings

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Specialised Car Covers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Financial instruments

Financial assets
Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, 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 for a similar debt instrument.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2025 - 4).

Specialised Car Covers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 April 2025 | 1,826,992 | 1,826,992
At 31 March 2026 | 1,826,992 | 1,826,992
Depreciation
At 1 April 2025 | 238,386 | 238,386
Charge for the year | 30,540 | 30,540
At 31 March 2026 | 268,926 | 268,926
Carrying amount
At 31 March 2026 | 1,558,066 | 1,558,066
At 31 March 2025 | 1,588,606 | 1,588,606

Included within the net book value of land and buildings above is £1,558,066 (2025 - £1,588,606) in respect of freehold land and buildings.

5 | Investments

| 2026 £ | 2025 £
Investments in subsidiaries | 1,814,030 | 1,814,030

Subsidiaries | £
Cost or valuation
At 1 April 2025 | 1,814,030
Provision
Carrying amount
At 31 March 2026 | 1,814,030
At 31 March 2025 | 1,814,030

6 | Debtors

Current | 2026 £ | 2025 £
Prepayments | - | 8,145
| - | 8,145

Specialised Car Covers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Loans and borrowings | 120,064 | 147,873
Accruals and deferred income | 3,569 | 6,719
| 123,633 | 154,592

Creditors include bank loans which are secured by a fixed charge over the freehold property of the company and floating charge over all assets of the company of £30,110 (2025 - £49,588).

Creditors: amounts falling due after more than one year

| 2026 £ | 2025 £
Due after one year |  |
Loans and borrowings | 1,091,200 | 1,048,165

Creditors include bank loans which are secured by a fixed charge over the freehold property of the company and floating charge over all assets of the company of £1,091,200 (2025 - £1,048,165).

Creditors include bank loans repayable by instalments of £949,497 (2025 - £464,733) due after more than five years.

8 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary A of £1 each | 190,386 | 190,386 | 190,386 | 190,386
Ordinary B of £1 each | 190,386 | 190,386 | 190,386 | 190,386
Ordinary C of £1 each | 126,916 | 126,916 | 126,916 | 126,916
Ordinary D of £1 each | 126,916 | 126,916 | 126,916 | 126,916
| 634,604 | 634,604 | 634,604 | 634,604

Specialised Car Covers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9 | Related party transactions

Expenditure with and payables to related parties

2026 | Key management £
Amounts payable to related party | 89,955

2025 | Key management £
Amounts payable to related party | 98,288