ACCOUNTS - Final Accounts

Income from investments

Registered number: 09347618

BASLOW HOLDINGS DEVELOPMENTS LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

BASLOW HOLDINGS DEVELOPMENTS LIMITED

COMPANY INFORMATION

Directors	Mr A J Barney
	Mrs D M Barney


Registered number	09347618


Registered office	213 Cromford Road
	Langley Mill
	Nottingham
	NG16 4EU


Independent auditors	UHY Hacker Young
	Chartered Accountants & Statutory Auditors
	14 Park Row
	Nottingham
	NG1 6GR

BASLOW HOLDINGS DEVELOPMENTS LIMITED

CONTENTS

	Page
Strategic Report	1 - 2
Directors' Report	3 - 4
Independent Auditors' Report	5 - 8
Statement of Comprehensive Income	9
Balance Sheet	10
Statement of Changes in Equity	11
Notes to the Financial Statements	12 - 21

BASLOW HOLDINGS DEVELOPMENTS LIMITED

STRATEGIC REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2025

Business review

The Company operates in the residential and holiday park development sectors, acting as a holding company for subsidiaries that trade and develop a number of sites across the United Kingdom.

In the period to 31 December 2025 the Company had no turnover (Year ended March 2025 - £Nil).

During the period the Company completed the sale of two subsidiaries for a total consideration of £15.67m. Prior to each sale, the subsidiary concerned declared a dividend to the Company, settling outstanding inter-company balances and resulting in total distributions of £7.75m. While the disposals gave rise to an accounting loss on disposal of investments of £4.3m (March 2025: 6.5m sale : £478k profit), when considered together with the pre-sale dividends received, the overall economic outcome of the transactions was a net gain of £3.99m.

The Company has an operating loss of £112.6k (March 2025 - £3.2m loss). The loss this year has reduced as the previous year included an intercompany debt of £3.1m which was forgiven as part of a group reconstruction.

The net assets have increased by £1.8m from £35.9m in March 2025 to £37.7m in December 2025. This is primarily due to the disposal of two subsidiaries and the dividend received from them prior to their sale.

Cash at bank at the year end was £4.7m (March 2025 - £99.7k) due to cash received from the sale of subsidiaries.

The Directors are satisfied that the Company and Group have traded within expectations.

Principal risks and uncertainties

The directors have identified the following principal risks and uncertainties:

Bad debts:
Management manages credit control to minimise the risk of bad debts by chasing customers with overdue accounts and maintaining a regular dialogue to assess the situation. Provision is recorded where there are indicators that debts may not be recoverable in part or whole.

Investments:
Management regularly reviews the trading performance of its subsidiaries and monitors the return on their investment.

Inflation:
In the 12 months to 31 December 2025 inflation rose to 3.4% (March 2025 – 2.6%). The Directors monitor the company's costs and the profit margins.

Interest rates:
At 31 December 2025 the base rate of interest was 3.75% (March 2025 – 4.5%). As the company holds large loan balances interest rates present a risk of increasing finance expenditure.

Financial key performance indicators

Management reviews the level of operating profit which is set out in the Statement of Comprehensive Income. It also monitors the performance of its investments.

Management is satisfied that the results for the period are in accordance with expectations.

Page 1

BASLOW HOLDINGS DEVELOPMENTS LIMITED

STRATEGIC REPORT (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2025

Other key performance indicators

There are no other key performance indicators.

This report was approved by the board and signed on its behalf.

Mr A J Barney

Director

Date: 30 June 2026

Page 2

BASLOW HOLDINGS DEVELOPMENTS LIMITED

DIRECTORS' REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2025

The Directors present their report and the financial statements for the period ended 31 December 2025.

Principal activity

The principal activity of the Company continued to be that of a holding company.

Results and dividends

The profit for the period, after taxation, amounted to £2,017,420 (2025 - loss £1,286,475).

No dividends were paid in the period (March 2025: £6.2m).

Directors

The Directors who served during the period were:

Mr A J Barney

Mrs D M Barney

Directors' responsibilities statement

The Directors are responsible for preparing the Strategic Report, the Directors' 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the Directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgements and accounting estimates that are reasonable and prudent;

∙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 Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the Director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 3

BASLOW HOLDINGS DEVELOPMENTS LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2025

Auditors

The auditors, UHY Hacker Young, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

Mr A J Barney

Director

Date: 30 June 2026

Page 4

BASLOW HOLDINGS DEVELOPMENTS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BASLOW HOLDINGS DEVELOPMENTS LIMITED

Opinion

We have audited the financial statements of Baslow Holdings Developments Limited (the 'Company') for the period ended 31 December 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and notes to the financial statements, including 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:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the period 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's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 Directors' 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 Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are 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 other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Page 5

BASLOW HOLDINGS DEVELOPMENTS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BASLOW HOLDINGS DEVELOPMENTS LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Strategic Report and the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the 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 or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the 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 Directors' Responsibilities Statement set out on page 3, 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.

Page 6

BASLOW HOLDINGS DEVELOPMENTS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BASLOW HOLDINGS DEVELOPMENTS LIMITED (CONTINUED)

Auditors' 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 Auditors' 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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 acts by the company, which were contrary to applicable laws and regulations including fraud, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. 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 were related to inflated revenue, cost of stock and work in progress and the valuation of fixed assets.

Audit procedures performed included:

• review of the financial statement disclosures to underlying supporting documentation;
• enquiries of management and testing of journals and evaluating whether there was evidence of bias by the director that represented a risk of material misstatement due to fraud;
• making enquiries of management about non compliance with laws and regulations;
• challenging assumptions and judgements made by management in their critical accounting estimates;
• gaining an understanding of the internal controls in place through performing walkthrough procedures;
• obtaining and reviewing valuation reports;
• obtaining detailed stock and work in progress reports to determine accurate year end figures

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the Financial Statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' 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 Auditors' 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.

Page 7

BASLOW HOLDINGS DEVELOPMENTS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BASLOW HOLDINGS DEVELOPMENTS LIMITED (CONTINUED)

Andrew Timms (Senior Statutory Auditor)

for and on behalf of

UHY Hacker Young

Chartered Accountants

Statutory Auditors

14 Park Row

Nottingham

NG1 6GR

30 June 2026

Page 8

BASLOW HOLDINGS DEVELOPMENTS LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Period ended 31 December	Year ended 31 March
	2025	2025
Note	£	£


Turnover		76,824	-
Gross profit		76,824	-
Administrative expenses		(166,314)	(107,581)
Exceptional administrative expenses	10	-	(3,100,000)
Operating loss		(89,490)	(3,207,581)
Income from fixed assets investments		6,575,000	3,678,268
(Loss)/profit on disposal of investments		(4,108,922)	478,035
Interest receivable and similar income	6	586,272	8,607
Interest payable and similar expenses	7	(945,440)	(2,243,804)
Profit/(loss) before tax		2,017,420	(1,286,475)
Profit/(loss) for the financial period		2,017,420	(1,286,475)

Other comprehensive income for the period
Total comprehensive income for the period		2,017,420	(1,286,475)

The notes on pages 12 to 21 form part of these financial statements.

Page 9

BASLOW HOLDINGS DEVELOPMENTS LIMITED

REGISTERED NUMBER: 09347618

BALANCE SHEET

AS AT 31 DECEMBER 2025

	31 December	31 March
	2025	2025
Note	£	£

Fixed assets
Tangible assets	11		428,100		581,035
Investments	12		4,104,276		18,518,032
			4,532,376		19,099,067
Current assets
Debtors: amounts falling due within one year	13	65,860,144		68,905,410
Cash at bank and in hand		4,653,102		99,701
		70,513,246		69,005,111
Creditors: amounts falling due within one year	14	(21,877,275)		(52,246,676)
Net current assets			48,635,971		16,758,435
Creditors: amounts falling due after more than one year			(15,293,425)		-

Net assets			37,874,922		35,857,502

Capital and reserves
Called up share capital	17	12,150,016	12,150,016
Profit and loss account		25,724,906	23,707,486
		37,874,922	35,857,502

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr A J Barney

Director

Date: 30 June 2026

The notes on pages 12 to 21 form part of these financial statements.

Page 10

BASLOW HOLDINGS DEVELOPMENTS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2024	12,150,016	31,218,372	43,368,388
Comprehensive income for the year
Loss for the year	-	(1,286,475)	(1,286,475)
Contributions by and distributions to owners
Dividends: Equity capital	-	(6,224,411)	(6,224,411)

At 1 April 2025	12,150,016	23,707,486	35,857,502
Comprehensive income for the period
Profit for the period	-	2,017,420	2,017,420
At 31 December 2025	12,150,016	25,724,906	37,874,922

The notes on pages 12 to 21 form part of these financial statements.

Page 11

BASLOW HOLDINGS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	GENERAL INFORMATION

Baslow Holdings Developments Limited is a private Company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is 213 Cromford Road, Langley Mill, Nottingham, NG16 4EU.

The principal activity of the Company is that of a holding company.

This company is part of the Barney Group 1 Ltd Group and group accounts can be obtained from Companies House.

2.ACCOUNTING POLICIES

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The Company's functional and presentational currency is pound sterling.

The level of rounding is to the nearest £.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

The Company also takes exemption from the disclosure requirements of Section 7 'Statement of Cash Flows': Presentation of a statement of cash flow and related notes and disclosures.

2.3

Going concern

The Directors have considered the going concern basis in preparing these financial statements.

The current plans and forecasts indicate that the Company/Group will require the continued support of the bank for the foreseeable future and the Directors are confident that the bank will continue to provide the support required.

Accordingly, the Directors consider it appropriate to prepare the financial statements on the going concern basis and no adjustments have been made should the Company not be able to continue as a going concern.

Page 12

BASLOW HOLDINGS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model 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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property

Not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or 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 profit or loss.

Page 13

BASLOW HOLDINGS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (continued)

2.9

Valuation of investments

Investments in subsidiaries and other investments are measured at cost less accumulated impairment.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objectives evidence of impairment is found an impairment loss is recognised in the Statement of Comprehensive Income.

2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The primary source of estimation uncertainty in these financial statements is the fair value of unlisted investments and freehold property.

Page 14

BASLOW HOLDINGS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Employees

The average monthly number of employees, including directors, during the period was 2 (2025 - 2).

	Dividends received from unlisted investments	6,575,000	3,678,268

Interest receivable from group companies	580,229	-
Other interest receivable	6,043	8,607
	586,272	8,607

Bank interest payable	945,440	2,178,227
Other interest on overdue tax	-	65,577
	945,440	2,243,804

Page 15

BASLOW HOLDINGS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025



Total current tax	-	-

Profit/(loss) on ordinary activities before tax

2,017,420

(1,286,475)

Profit/(loss) on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2025 - 25%)	504,355	(321,619)
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	-	779,916
Capital allowances for period/year in excess of depreciation	375	-
Non-taxable income	1,027,231	-
Book profit on chargeable assets	-	(119,509)
Capital gains	-	119,509
Dividends from UK companies	(1,643,750)	(919,567)
Non-trade loan relationship credits	(146,568)	-
Unrelieved tax losses carried forward	-	293,340
Group relief	258,357	167,930
Total tax charge for the period/year	-	-

During the year taxable losses were relieved within the group.

Page 16

BASLOW HOLDINGS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Dividend in specie

6,224,411


	Intercompany debt forgiven	-	3,100,000

11.	Tangible fixed assets

		Freehold property
		£
	Cost
	At 1 April 2025	581,035
	Transfers intra group	(152,935)
	At 31 December 2025	428,100
	Net book value
	At 31 December 2025	428,100
	At 31 March 2025	581,035

During the year the property with a cost of £152,935 was transferred to Baslow Parks Ltd, a group company.

Page 17

BASLOW HOLDINGS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

12.	Fixed asset investments

	Investments in subsidiary companies	Other fixed asset investments	Total
	£	£	£
Cost
At 1 April 2025	18,018,032	500,000	18,518,032
Additions	100,000	-	100,000
Disposals	(14,013,755)	-	(14,013,755)
Transfers intra group	-	(500,000)	(500,000)
At 31 December 2025	4,104,277	-	4,104,277

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Class of shares	Holding

Earthswood Country Park Limited	Ordinary	100%
Mountgate Caravans Limited	Ordinary	100%
Shotley Country Park Limited	Ordinary	100%
Addlethorpe Retreat Limited	Ordinary	100%
Pentney Country Club Limited	Ordinary	100%
Brightlingsea Haven Limited	Ordinary	100%
Blenkinsopp Castle Home Park Limited	Ordinary	100%
White House Country Park Limited	Ordinary	100%
Lynwood Country Park Limited	Ordinary	100%
Grace Dieu Manor Country Park Ltd	Ordinary	100%
Greenhill Leisure Park Limited	Ordinary	100%
Sherwood Hideaway Limited	Ordinary	100%

The parent company and all subsidiaries share a registered office, 213 Cromford Road, Langley Mill,
Nottingham, England, NG16 4EU.

The above disposals of £14,013,755 were by of sale of 2 subsidiary companies. The addition in the year was a deposit for an acquisition that completed on the 9 January 2026.

During the year the Company disposed of 100% of its holding in the following companies:
Heathland Beach Caravan Park Limited
Cotswold Country Estates Limited

Page 18

BASLOW HOLDINGS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

13.

Debtors

					31 December	31 March
					2025	2025
					£	£


Amounts owed by group undertakings	65,828,781	67,572,098
Other debtors	28,845	1,331,633
Prepayments and accrued income	2,518	1,679
	65,860,144	68,905,410

Bank loans	-	25,935,854
Trade creditors	778,564	717,317
Amounts owed to group undertakings	20,531,131	24,684,977
Corporation tax	54,407	153,407
Other creditors	306,646	463,933
Accruals and deferred income	206,527	291,188
	21,877,275	52,246,676

Details of security provided:

Bank loans and overdrafts included within creditors are secured debts, secured by fixed and floating charges over all the property or undertakings of the Company.

Bank loans	15,293,425	-
	15,293,425	-

Page 19

BASLOW HOLDINGS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Amounts falling due within one year
Bank loans	-	25,935,854
	-	25,935,854

Amounts falling due 2-5 years
Bank loans	15,293,425	-
	15,293,425	-

	15,293,425	25,935,854

Allotted, called up and fully paid

12,150,016 (2025 - 12,150,016) Ordinary shares of £1.00 each	12,150,016	12,150,016

18.	Contingent liabilities

The company is jointly and severally liable in respect of the Parent Company’s bank loan facilities, which
comprises revolving loan facilities with a combined maximum drawdown of £35m. This is secured by fixed
and floating charges over all the property or undertakings of the Company. At the end of the year the total
amount drawn down was £15.29m (March 2025: £25.94m).

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BASLOW HOLDINGS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Not later than 1 year	6,784	26,988
Later than 1 year and not later than 5 years	-	2,681
	6,784	29,669

20.

Related party transactions

During the period the Company continued its intercompany loans with fellow group companies. The balance of the loans receivable by the company at the period end is £65,675,846 (March 2025 - £67,572,098), and is shown within debtors. The balance of the loans payable is £20,531,131 (March 2025 - £24,684,977) and is shown within creditors. The loans are interest free and repayable on demand.

During the period the Company continued its intercompany loans with businesses under common control. The balance of the loans payable is £133,954 (March 2025 - £133,738) and is shown within other creditors. The loans are interest free and repayable on demand.

During the period the Company incurred management charges from other group companies of £37,500 (March 2025 - £50,000). This transaction was made at arms length.

During the period the Company continued its transactions with its Directors. The amount due to the Directors is shown with other creditors. As at the year end this totalled £163,566 (March 2025 - £328,232). £258,766 (March 2025 - £103,351) was repaid to the director and a further £94,099 (March 2025 - £719,272) was advanced to the company during the period. This is repayable on demand. No interest (2025 - £5,998) has been charged in respect of this loan.

21.	Post balance sheet events

In January 2026, the company purchased the entire share capital of JACD Investments Ltd and Leisure Holidays Ltd in a combined deal for £4m.

22.	Controlling party

The Immediate Parent Undertaking is Baslow Parks Limited by virtue of its 100% shareholding in Baslow Holdings Developments Limited.

The Ultimate Parent Undertaking is Barney Group 1 Ltd..

The Ultimate Controlling Parties are Mr A J Barney & Mrs D M Barney by virtue of their 100% shareholding in Barney Group 1 Ltd.

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