Custodiandc Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07878023 (England and Wales)

Custodiandc Limited

Financial Statements For The Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R S Kinch

R M Williams

REGISTERED OFFICE:

Unit 11 Newtons Court

Crossways Business Park

Dartford

Kent

DA2 6QL

REGISTERED NUMBER:

07878023 (England and Wales)

INDEPENDENT AUDITORS:

DJH Audit Limited

The Carriage House

Maidstone

Kent

ME15 6YE

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

3,603,341

4,212,610

3,603,342

4,212,611

CURRENT ASSETS

Debtors: amounts falling due within one year

6

1,306,120

1,209,045

Debtors: amounts falling due after more than
one year

6

460,104

Cash at bank and in hand

1,437,148

1,380,029

3,203,372

3,049,178

CREDITORS

Amounts falling due within one year

7

(1,725,760

)

(1,723,131

)

NET CURRENT ASSETS

1,477,612

1,326,047

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,080,954

5,538,658

CREDITORS

Amounts falling due after more than one
year

8

(2,538,429

)

(3,102,549

)

PROVISIONS FOR LIABILITIES

10

(958,153

)

(984,230

)

NET ASSETS

1,584,372

1,451,879

CAPITAL AND RESERVES

Called up share capital

11

1,077

Share premium

12

29,946

Retained earnings

12

1,553,349

1,420,856

SHAREHOLDERS' FUNDS

1,584,372

1,451,879

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

R S Kinch - Director

1.	STATUTORY INFORMATION

Custodiandc Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The accounting estimates relate to the depreciation, and the dilapidation provision.

The judgements and accounting estimates that management have made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts on the amounts recognised in the financial statements are as disclosed in the accounting policies and notes to these financial statements.

The company has an obligation to make good the conditions of a rental premises in accordance with the lease at the end of the lease term. Provisions for dilapidations is the area where there is accounting estimate and judgement.

Accounting estimate - the current provision is based on managements' current best estimate of the future obligation. This year the estimate draws upon a current year valuation report provided by a third-party surveyor. The provision is expected to be utilised at the end of the lease.

Accounting judgement - In making the estimate the directors have considered the substance of the terms of the lease agreements and the likelihood of the future expected costs to be incurred. Where considered appropriate the directors have also obtained an external valuation to assist with the estimated costs. The directors have exercised judgement about the likely future outcomes, including factors such as building and material costs. However, various factors and changes in circumstances could affect any amount payable in the future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its indefinite useful life.

Tangible fixed assets

Tangible assets are recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to Property - straight line over 20 years

Plant and Machinery - straight line over 10 years

Fixtures and Fittings - straight line over 20 years

Computer Equipment - straight line over 20 years

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instrument. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

During the year the company made a profit, however it has sufficient net assets. The directors are satisfied that the company has the resources to meet its financial obligations as they fall due for payment for a period of at least 12 months from the date of approval of the financial statements and have therefore prepared the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

5.	TANGIBLE FIXED ASSETS

Improvements

Furniture

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 1 January 2025

1,292,533

4,941,808

2,335,372

647,151

9,216,864

Additions

3,209

63,290

7,369

-

73,868

Disposals

-

(858

)

(467

)

(13,160

)

(14,485

)

At 31 December 2025

1,295,742

5,004,240

2,342,274

633,991

9,276,247

DEPRECIATION

At 1 January 2025

523,929

2,180,359

1,795,514

504,452

5,004,254

Charge for year

120,100

467,055

68,625

27,369

683,149

Eliminated on disposal

-

(870

)

(467

)

(13,160

)

(14,497

)

At 31 December 2025

644,029

2,646,544

1,863,672

518,661

5,672,906

NET BOOK VALUE

At 31 December 2025

651,713

2,357,696

478,602

115,330

3,603,341

At 31 December 2024

768,604

2,761,449

539,858

142,699

4,212,610

6.

DEBTORS

2025

2024

as restated

£

Amounts falling due within one year:

Trade debtors

156,744

227,886

Provision for doubtful debts

-

(9,176

)

Other debtors

661,260

661,272

Directors' current accounts

3,688

Tax

1,245

-

Prepayments and accrued income

483,183

325,375

1,306,120

1,209,045

2025

2024

as restated

£

Amounts falling due after more than one year:

Other debtors

460,104

Aggregate amounts

1,766,224

1,669,149

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Bank loans and overdrafts

444,444

Hire purchase contracts (see note 9)

119,676

148,622

Trade creditors

392,957

368,147

Tax

58,971

(124,996

)

Social security and other taxes

110,532

154,763

Other creditors and deferred

income

558,925

678,979

Accruals

40,255

53,172

1,725,760

1,723,131

Bank loans, overdrafts and hire purchase securities are secured by way of a fixed and floating charge over the company's assets and undertakings.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

as restated

£

Bank loans - 1-2 years

444,445

444,444

Bank loans - 2-5 years

2,055,555

2,500,000

Hire purchase contracts (see note 9)

38,429

158,105

2,538,429

3,102,549

Bank loans, overdrafts and hire purchase securities are secured by way of a fixed and floating charge over the company's assets and undertakings. The hire purchase creditors are secured against the assets concerned.

9.	LEASING AGREEMENTS

The total future minimum lease payments under non-cancellable operating leases are as follows:

Non-cancellable

operating leases

2025

2024

as restated

£

Within one year

765,263

891,839

Between one and five years

1,235,059

1,691,596

In more than five years

154,363

463,089

2,154,685

3,046,524

10.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

Deferred tax

638,262

679,572

Dilapidation provision

319,891

304,658

958,153

984,230

Deferred

Dilapidati

tax

on

£

Balance at 1 January 2025

679,572

304,658

(Credit)/charge to Statement of Income and Retained Earnings during year

(41,310

)

15,233

Balance at 31 December 2025

638,262

319,891

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

1,077

Ordinary shares

1

1,077

12.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1 January 2025

1,172,538

29,946

1,202,484

Prior year adjustment

248,318

1,420,856

1,450,802

Profit for the year

158,660

Dividends

(26,167

)

(26,167

)

At 31 December 2025

1,553,349

29,946

1,583,295

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Athos Louca FCCA (Senior Statutory Auditor)

for and on behalf of DJH Audit Limited

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director has a loan account with the company, the closing balance was £3,688 owed to the company (2024: £3,688 owed to the company). No interest is charged and the loan is repayable on demand.

15.	RELATED PARTY DISCLOSURES

At the year end the company was owed £661,098 (2024: £661,098) by a company under common control. No interest was charged and the amount is repayable on demand.

During the year ended 31 December 2025, the company did not make any sales to Angley Equine Services Limited.

The company purchased goods and/or services from Angley Equine Services Limited totalling £15,714.60 during the year to 31 December 2025 (£48,500 to 31 December 2024).

All transactions with related parties were undertaken on normal commercial terms and were conducted in the ordinary course of business.

16.	RETIREMENT BENEFIT SCHEME

Defined contribution schemes: 2025 2024

Charge to profit or loss in respect of 21,540 18,087

defined contribution schemes

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.