Registration number:
Bert Dalton Holdings Limited
for the Year Ended 31 December 2025
Bert Dalton Holdings Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Consolidated Profit and Loss Account |
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Consolidated Statement of Comprehensive Income |
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Consolidated Balance Sheet |
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Balance Sheet |
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Consolidated Statement of Changes in Equity |
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Statement of Changes in Equity |
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Consolidated Statement of Cash Flows |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Bert Dalton Holdings Limited
Company Information
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Directors |
A P Dalton J M Dalton |
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Registered office |
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Auditors |
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Bert Dalton Holdings Limited
Strategic Report for the Year Ended 31 December 2025
The directors present their strategic report for the year ended 31 December 2025.
Fair review of the business
The principal activity of the group is that of building contractors and related construction services, together with property investment and holiday let activities.
The parent company’s standalone trading activity remained limited during the year whilst renovation work continued. The group’s principal trading subsidiary, A Surman & Co Limited, continued to trade strongly during the year.
Principal risks and uncertainties
The directors consider that the principal risk to the operations of the group to be exposures arising from working on substantial contracts and the fluctuations in the timing of cash flows relating to these contracts. Care is taken during the negotiation of contract payment terms to alleviate working capital pressures as much as possible.
There is a credit risk arising from exposure to customers defaulting on trade debts. The risk is minimised through tight credit control procedures and in only dealing with reputable clients.
The group continues to maintain a strong liquidity position, with cash balances of approximately £2.0m at the year end and minimal external borrowings.
The directors have reviewed detailed cash flow forecasts and trading projections for a period of at least twelve months from the date of approval of these financial statements. Based on these forecasts, together with the continued profitability of the group’s principal trading subsidiary, A Surman & Co Limited, the directors are satisfied that the group has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, the financial statements have been prepared on the going concern basis.
Approved and authorised by the
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Bert Dalton Holdings Limited
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the for the year ended 31 December 2025.
Directors of the group
The directors who held office during the year were as follows:
Disclosure of information to the auditor
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
Approved and authorised by the
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Bert Dalton Holdings Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Bert Dalton Holdings Limited
Independent Auditor's Report to the Members of Bert Dalton Holdings Limited
Opinion
We have audited the financial statements of Bert Dalton Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025, which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the group's and the parent company's affairs as at 31 December 2025 and of the group's profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Bert Dalton Holdings Limited
Independent Auditor's Report to the Members of Bert Dalton Holdings Limited (continued)
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the parent company financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Capability of the auditor in detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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Based on our understanding of the Company and the industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the Companies Act 2006, UK taxation legislation including corporation tax, PAYE, VAT and CIS regulations, employment law, and health and safety regulations applicable to the construction industry. We considered the extent to which non-compliance might have a material effect on the financial statements. |
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We also considered those laws and regulations that have a direct impact on the financial statements of the Company, such as the Companies Act 2006 and UK tax legislation. |
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We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of override of controls, and determined that the principal risks related to management bias in accounting estimates and judgements. |
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Audit procedures performed by the engagement team included: |
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discussions with management regarding compliance with relevant laws and regulations; |
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review of correspondence with HMRC and other regulatory authorities where relevant; |
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testing of payroll, VAT and CIS returns on a sample basis; |
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review of board minutes and legal and professional expense accounts for indications of actual or potential litigation or non-compliance; |
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identifying and testing journal entries based on risk criteria; and |
Bert Dalton Holdings Limited
Independent Auditor's Report to the Members of Bert Dalton Holdings Limited (continued)
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evaluating accounting estimates and judgements for evidence of management bias. |
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We designed our audit procedures to incorporate unpredictability around the nature, timing or extent of our testing; and testing transactions entered into outside of the normal course of the Company's business specifically in respect of acquisitions and disposals.
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Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control; |
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control; |
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. |
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ
Bert Dalton Holdings Limited
Consolidated Profit and Loss Account for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
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Other operating income |
( |
( |
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Operating profit |
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Loss on financial assets at fair value through profit and loss |
( |
- |
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Other interest receivable and similar income |
( |
( |
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Interest payable and similar expenses |
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834,059 |
8,244 |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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Profit/(loss) attributable to: |
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Owners of the company |
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Bert Dalton Holdings Limited
Consolidated Statement of Comprehensive Income for the Year Ended 31 December 2025
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2025 |
2024 |
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Profit for the year |
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Total comprehensive income for the year |
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Total comprehensive income attributable to: |
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Owners of the company |
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Bert Dalton Holdings Limited
(Registration number: 09402403)
Consolidated Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,003 |
1,003 |
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Non-distributable investment property fair value reserve |
802,242 |
- |
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Other reserves |
408,508 |
408,508 |
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Retained earnings |
3,372,270 |
2,856,807 |
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Equity attributable to owners of the company |
4,584,023 |
3,266,318 |
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Shareholders' funds |
4,584,023 |
3,266,318 |
Approved and authorised by the
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Bert Dalton Holdings Limited
(Registration number: 09402403)
Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,003 |
1,003 |
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Non-distributable investment property fair value reserve |
802,242 |
- |
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Retained earnings |
2,608,653 |
2,224,300 |
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Shareholders' funds |
3,411,898 |
2,225,303 |
The company made a profit after tax for the financial year of £1,602,595 (2024 - profit of £352,162).
Approved and authorised by the
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Bert Dalton Holdings Limited
Consolidated Statement of Changes in Equity for the Year Ended 31 December 2025
Equity attributable to the parent company
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Share capital |
Non-distributable investment property fair value reserve |
Merger reserve |
Retained earnings |
Total |
Total equity |
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At 1 January 2025 |
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- |
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Profit for the year |
- |
- |
- |
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Transfer to non-distributable reserve |
- |
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- |
( |
- |
- |
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Total comprehensive income |
- |
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- |
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Dividends |
- |
- |
- |
( |
( |
( |
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At 31 December 2025 |
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Share capital |
Non-distributable investment property fair value reserve |
Merger reserve |
Retained earnings |
Total |
Total equity |
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At 1 January 2024 |
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- |
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Profit for the year |
- |
- |
- |
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Dividends |
- |
- |
- |
( |
( |
( |
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At 31 December 2024 |
1,003 |
- |
408,508 |
2,856,807 |
3,266,318 |
3,266,318 |
Bert Dalton Holdings Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
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Share capital |
Non-distributable investment property fair value reserve |
Retained earnings |
Total |
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At 1 January 2025 |
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- |
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Profit for the year |
- |
- |
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Transfer to non-distributable reserve |
- |
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( |
- |
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Total comprehensive income |
- |
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Dividends |
- |
- |
( |
( |
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At 31 December 2025 |
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Share capital |
Non-distributable investment property fair value reserve |
Retained earnings |
Total |
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At 1 January 2024 |
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- |
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Profit for the year |
- |
- |
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Dividends |
- |
- |
( |
( |
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At 31 December 2024 |
1,003 |
- |
2,224,300 |
2,225,303 |
Bert Dalton Holdings Limited
Consolidated Statement of Cash Flows for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
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Depreciation and amortisation |
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Changes in fair value of investment property |
( |
- |
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Loss/(profit) on disposal of tangible assets |
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( |
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Finance income |
( |
( |
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Finance costs |
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Income tax expense |
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Working capital adjustments |
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Increase in stocks |
- |
( |
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Increase in trade debtors |
( |
( |
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(Decrease)/increase in trade creditors |
( |
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Cash generated from operations |
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Income taxes (paid)/received |
( |
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Net cash flow from operating activities |
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Cash flows from investing activities |
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Interest received |
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Acquisitions of tangible assets |
( |
( |
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Proceeds from sale of tangible assets |
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Net cash flows from investing activities |
( |
( |
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Cash flows from financing activities |
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Interest paid |
( |
( |
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Proceeds from bank borrowing draw downs |
- |
( |
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Dividends paid |
( |
( |
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Net cash flows from financing activities |
( |
( |
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Net (decrease)/increase in cash and cash equivalents |
( |
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Cash and cash equivalents at 1 January |
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Cash and cash equivalents at 31 December |
1,991,928 |
2,389,805 |
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Bert Dalton Holdings Limited
Statement of Cash Flows for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
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Depreciation and amortisation |
- |
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Changes in fair value of investment property |
( |
- |
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Finance income |
( |
( |
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Finance costs |
- |
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Income tax expense |
|
( |
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( |
( |
||
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Working capital adjustments |
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Increase in trade debtors |
( |
( |
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Decrease in trade creditors |
- |
( |
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Net cash flow from operating activities |
( |
( |
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Cash flows from investing activities |
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Interest received |
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Cash flows from financing activities |
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Interest paid |
- |
( |
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Proceeds from bank borrowing draw downs |
- |
( |
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Dividends paid |
( |
( |
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Net cash flows from financing activities |
( |
( |
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Net increase/(decrease) in cash and cash equivalents |
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( |
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Cash and cash equivalents at 1 January |
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Cash and cash equivalents at 31 December |
1,306,716 |
847,929 |
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Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 December 2025.
A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
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Accounting policies (continued) |
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
Transfer to investment property
During the year, the Group and Company transferred a property from property, plant and equipment to investment property following a change in use, evidenced by the cessation of owner occupation and the commencement of third-party holiday letting activity.
In accordance with FRS 102 Section 16 Investment Property, the property was reclassified at its carrying amount at the date of transfer and subsequently remeasured to fair value.
Following transfer, the property is measured at fair value at each reporting date, with changes in fair value recognised within profit or loss.
The fair value gain recognised during the year amounted to £802,242. As this gain is unrealised, it is not considered distributable under company law. Accordingly, an equivalent amount has been transferred from retained earnings to a non-distributable investment property fair value reserve.
The deferred tax provision includes amounts arising on the fair value uplift recognised on the investment property.
Relating to the current period disclosed in these financial statements | Relating to the prior period disclosed in these financial statements | Relating to periods before the prior period disclosed in these financial statements | |
Fixed Asset cost | 674,712 | - | - |
Fixed Asset depreciation | 127,530 | - | - |
Investment property fair value reserve | (802,242) | - | - |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.
The group recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the group's activities.
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
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2 |
Accounting policies (continued) |
Tax
The tax expense for the period comprises current and 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.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
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 |
|
Leasehold buildings |
2% straight line |
|
Plant & machinery |
25% reducing balance |
|
Fixtures & fittings |
25%-33% straight line |
|
Motor vehicles |
25% reducing balance |
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
2 |
Accounting policies (continued) |
Investment property
Investment property is accounted for in accordance with FRS 102 Section 16 Investment Property.
Investment property is initially recognised at cost, including transaction costs. Subsequently, it is measured at fair value at each reporting date, with changes in fair value recognised in profit or loss.
Where fair value cannot be measured reliably without undue cost or effort, the property is accounted for as property, plant and equipment under FRS 102 Section 17 Property, Plant and Equipment and depreciated accordingly.
Transfers to investment property are made when, and only when, there is a change in use, evidenced by the end of owner-occupation.
Where a property previously classified as property, plant and equipment is transferred to investment property:
The property is reclassified at its carrying amount at the date of transfer.
On transfer, the property is remeasured to fair value.
Any difference between the carrying amount and the fair value at the date of transfer is recognised immediately in profit or loss.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
2 |
Accounting policies (continued) |
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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 group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Turnover |
The analysis of the group's Turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Rendering of services |
|
|
|
Rental income from investment property |
|
- |
|
|
|
|
Other operating income |
The analysis of the group's other operating income for the year is as follows:
|
2025 |
2024 |
|
|
Miscellaneous other operating income |
|
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Loss/(profit) on disposal of property, plant and equipment |
|
( |
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on bank overdrafts and borrowings |
- |
|
|
Interest expense on other finance liabilities |
|
- |
|
|
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other short-term employee benefits |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
|
|
|
|
The average number of persons employed by the group (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Production |
|
|
|
Administration and support |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
168,945 |
165,063 |
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of these financial statements |
15,000 |
13,948 |
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
Taxation |
Tax charged/(credited) in the consolidated profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
( |
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Tax (decrease)/increase from effect of capital allowances and depreciation |
( |
|
|
Effect of revenues exempt from taxation |
( |
- |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Tax increase/(decrease) from other tax effects |
|
( |
|
Total tax charge |
|
|
Deferred tax
Group
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Accelerated tax depreciation |
- |
|
|
Tax losses carry-forwards |
|
- |
|
|
|
|
2024 |
Asset |
Liability |
|
Accelerated tax depreciation |
- |
|
|
Tax losses carry-forwards |
|
- |
|
|
|
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
10 |
Taxation (continued) |
Company
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Accelerated tax depreciation |
- |
|
|
Tax losses carry-forwards |
|
- |
|
|
|
|
2024 |
Asset |
Liability |
|
Tax losses carry-forwards |
|
- |
|
|
- |
|
Tangible assets |
Group
|
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
Total |
|
|
Cost or valuation |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Revaluations |
|
- |
- |
- |
|
|
Additions |
- |
|
|
|
|
|
Disposals |
- |
( |
( |
- |
( |
|
At 31 December 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
|
Eliminated on disposal |
- |
( |
( |
- |
( |
|
Elimination of accumulated depreciation on transfer to investment property |
( |
- |
- |
- |
( |
|
At 31 December 2025 |
- |
|
|
|
|
|
Carrying amount |
|||||
|
At 31 December 2025 |
|
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
|
Included within the net book value of land and buildings above is £101,321 (2024 - £101,321) in respect of freehold land and buildings and £1,950,000 (2024 - £1,147,758) in respect of investment property.
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
11 |
Tangible assets (continued) |
Revaluation
The investment property relates to property held for holiday letting and capital appreciation purposes.
The property was transferred from owner-occupied property during the year following a change in use.
The carrying value of the investment property at 31 December 2025 was £1,950,000.
Had the investment property been carried under the historical cost model, the carrying amount would have been £1,275,288.
The unrealised fair value gain recognised during the year of £802,242 has been transferred to a non-distributable reserve within equity.
Company
|
Land and buildings |
Total |
|
|
Cost or valuation |
||
|
At 1 January 2025 |
|
|
|
Revaluations |
|
|
|
At 31 December 2025 |
|
|
|
Depreciation |
||
|
At 1 January 2025 |
|
|
|
Elimination of accumulated depreciation on transfer to investment property |
( |
( |
|
At 31 December 2025 |
- |
- |
|
Carrying amount |
||
|
At 31 December 2025 |
|
|
|
At 31 December 2024 |
|
|
Revaluation
The fair value of the company's Investment property was revalued on
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
Investments |
Company
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
|
Investments in associates |
|
|
|
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 January 2025 |
|
|
Provision |
|
|
Carrying amount |
|
|
At 31 December 2025 |
|
|
At 31 December 2024 |
|
|
Associates |
£ |
|
Cost |
|
|
At 1 January 2025 |
|
|
Provision |
|
|
Carrying amount |
|
|
At 31 December 2025 |
|
|
At 31 December 2024 |
|
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
|
Subsidiary undertakings |
||||
|
|
Newton Place
England and Wales |
|
|
|
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
12 |
Investments (continued) |
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
|
Newton Place
England and Wales |
|
|
|
|
Associates |
||||
|
|
35 Orchard Close
|
Ordinary shares |
|
|
|
England & Wales |
||||
|
Subsidiary undertakings |
|
Bert Dalton & Son Limited The principal activity of Bert Dalton & Son Limited is |
|
A Surman & Co Limited The principal activity of A Surman & Co Limited is |
|
Associates |
|
Eden Electrical And Mechanical Contractors Ltd The principal activity of Eden Electrical And Mechanical Contractors Ltd is |
|
Stocks |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Raw materials and consumables |
|
|
- |
- |
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
Debtors |
|
Group |
Company |
||||
|
Current |
Note |
2025 |
2024 |
2025 |
2024 |
|
Trade debtors |
|
|
- |
- |
|
|
Amounts owed by related parties |
|
- |
|
|
|
|
Other debtors |
|
|
|
|
|
|
Prepayments |
|
|
- |
- |
|
|
Gross amount due from customers for contract work |
|
|
- |
- |
|
|
|
|
|
|
||
|
Cash and cash equivalents |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Cash at bank |
|
|
|
|
|
Short-term deposits |
|
|
|
|
|
|
|
|
|
|
|
Creditors |
|
Group |
Company |
||||
|
Note |
2025 |
2024 |
2025 |
2024 |
|
|
Due within one year |
|||||
|
Trade creditors |
|
|
- |
- |
|
|
Social security and other taxes |
|
|
- |
- |
|
|
Outstanding defined contribution pension costs |
|
|
- |
- |
|
|
Other payables |
|
|
- |
- |
|
|
Accruals |
|
|
|
|
|
|
Corporation tax liability |
411,364 |
224,390 |
- |
- |
|
|
|
|
|
|
||
|
Provisions for liabilities |
Group
|
Deferred tax |
Total |
|
|
At 1 January 2025 |
|
|
|
Additional provisions |
|
|
|
At 31 December 2025 |
|
|
|
|
||
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
17 |
Provisions for liabilities (continued) |
Company
|
Deferred tax |
Total |
|
|
Increase (decrease) in existing provisions |
|
|
|
At 31 December 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £
Contributions totalling £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1,001 |
|
1,001 |
|
|
|
1 |
|
1 |
|
|
|
1 |
|
1 |
|
|
|
|
|
|
Rights, preferences and restrictions
|
Ordinary shares have the following rights, preferences and restrictions: |
Bert Dalton Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
Related party transactions |
Company
|
Transactions with directors |
|
2025 |
At 1 January 2025 |
Advances to director |
At 31 December 2025 |
|
J M Dalton |
|||
|
Loan |
- |
|
|
|
Other transactions with directors |
The above director loan is a unsecured, non interest bearing and due for repayment on demand.
Income and receivables from related parties
|
2025 |
Other related parties |
|
Amounts receivable from related party |
|
|
|
|