2023-04-012024-03-312024-03-31false04419400Eagle Hall Estates Limited2024-11-20iso4217:GBPxbrli:pure044194002023-04-01044194002024-03-31044194002023-04-012024-03-31044194002022-04-01044194002023-03-31044194002022-04-012023-03-3104419400bus:SmallEntities2023-04-012024-03-3104419400bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3104419400bus:FullAccounts2023-04-012024-03-3104419400bus:PrivateLimitedCompanyLtd2023-04-012024-03-3104419400core:WithinOneYear2024-03-3104419400core:AfterOneYear2024-03-3104419400core:WithinOneYear2023-03-3104419400core:AfterOneYear2023-03-3104419400core:ShareCapital2024-03-3104419400core:SharePremium2024-03-3104419400core:RevaluationReserve2024-03-3104419400core:OtherReservesSubtotal2024-03-3104419400core:RetainedEarningsAccumulatedLosses2024-03-3104419400core:ShareCapital2023-03-3104419400core:SharePremium2023-03-3104419400core:RevaluationReserve2023-03-3104419400core:OtherReservesSubtotal2023-03-3104419400core:RetainedEarningsAccumulatedLosses2023-03-3104419400core:LandBuildings2024-03-3104419400core:PlantMachinery2024-03-3104419400core:Vehicles2024-03-3104419400core:FurnitureFittings2024-03-3104419400core:OfficeEquipment2024-03-3104419400core:NetGoodwill2024-03-3104419400core:IntangibleAssetsOtherThanGoodwill2024-03-3104419400core:ListedExchangeTraded2024-03-3104419400core:UnlistedNon-exchangeTraded2024-03-3104419400core:LandBuildings2023-03-3104419400core:PlantMachinery2023-03-3104419400core:Vehicles2023-03-3104419400core:FurnitureFittings2023-03-3104419400core:OfficeEquipment2023-03-3104419400core:NetGoodwill2023-03-3104419400core:IntangibleAssetsOtherThanGoodwill2023-03-3104419400core:ListedExchangeTraded2023-03-3104419400core:UnlistedNon-exchangeTraded2023-03-3104419400core:LandBuildings2023-04-012024-03-3104419400core:PlantMachinery2023-04-012024-03-3104419400core:Vehicles2023-04-012024-03-3104419400core:FurnitureFittings2023-04-012024-03-3104419400core:OfficeEquipment2023-04-012024-03-3104419400core:NetGoodwill2023-04-012024-03-3104419400core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104419400core:ListedExchangeTraded2023-04-012024-03-3104419400core:UnlistedNon-exchangeTraded2023-04-012024-03-3104419400core:MoreThanFiveYears2023-04-012024-03-3104419400core:Non-currentFinancialInstruments2024-03-3104419400core:Non-currentFinancialInstruments2023-03-3104419400dpl:CostSales2023-04-012024-03-3104419400dpl:DistributionCosts2023-04-012024-03-3104419400core:LandBuildings2023-04-012024-03-3104419400core:PlantMachinery2023-04-012024-03-3104419400core:Vehicles2023-04-012024-03-3104419400core:FurnitureFittings2023-04-012024-03-3104419400core:OfficeEquipment2023-04-012024-03-3104419400dpl:AdministrativeExpenses2023-04-012024-03-3104419400core:NetGoodwill2023-04-012024-03-3104419400core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104419400dpl:GroupUndertakings2023-04-012024-03-3104419400dpl:ParticipatingInterests2023-04-012024-03-3104419400dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3104419400core:ListedExchangeTraded2023-04-012024-03-3104419400dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3104419400core:UnlistedNon-exchangeTraded2023-04-012024-03-3104419400dpl:CostSales2022-04-012023-03-3104419400dpl:DistributionCosts2022-04-012023-03-3104419400core:LandBuildings2022-04-012023-03-3104419400core:PlantMachinery2022-04-012023-03-3104419400core:Vehicles2022-04-012023-03-3104419400core:FurnitureFittings2022-04-012023-03-3104419400core:OfficeEquipment2022-04-012023-03-3104419400dpl:AdministrativeExpenses2022-04-012023-03-3104419400core:NetGoodwill2022-04-012023-03-3104419400core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104419400dpl:GroupUndertakings2022-04-012023-03-3104419400dpl:ParticipatingInterests2022-04-012023-03-3104419400dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3104419400core:ListedExchangeTraded2022-04-012023-03-3104419400dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3104419400core:UnlistedNon-exchangeTraded2022-04-012023-03-3104419400core:NetGoodwill2024-03-3104419400core:IntangibleAssetsOtherThanGoodwill2024-03-3104419400core:LandBuildings2024-03-3104419400core:PlantMachinery2024-03-3104419400core:Vehicles2024-03-3104419400core:FurnitureFittings2024-03-3104419400core:OfficeEquipment2024-03-3104419400core:AfterOneYear2024-03-3104419400core:WithinOneYear2024-03-3104419400core:ListedExchangeTraded2024-03-3104419400core:UnlistedNon-exchangeTraded2024-03-3104419400core:ShareCapital2024-03-3104419400core:SharePremium2024-03-3104419400core:RevaluationReserve2024-03-3104419400core:OtherReservesSubtotal2024-03-3104419400core:RetainedEarningsAccumulatedLosses2024-03-3104419400core:NetGoodwill2023-03-3104419400core:IntangibleAssetsOtherThanGoodwill2023-03-3104419400core:LandBuildings2023-03-3104419400core:PlantMachinery2023-03-3104419400core:Vehicles2023-03-3104419400core:FurnitureFittings2023-03-3104419400core:OfficeEquipment2023-03-3104419400core:AfterOneYear2023-03-3104419400core:WithinOneYear2023-03-3104419400core:ListedExch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Eagle Hall Estates Limited

Registered Number
04419400
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Eagle Hall Estates Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

A C Chennells
M G Chennells
P E Chennells
K J Leddington-Hill
B T Wills

Company Secretary

C F Overton

Registered Address

The Estate Office Eagle Hall
Swinderby
Lincoln
LN6 9HZ

Registered Number

04419400 (England and Wales)
Eagle Hall Estates Limited
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets345,154,25542,548,255
Investments423,3008,300
45,177,55542,556,555
Current assets
Debtors564,27462,880
Cash at bank and on hand-4,194
64,27467,074
Creditors amounts falling due within one year6(438,262)(359,758)
Net current assets (liabilities)(373,988)(292,684)
Total assets less current liabilities44,803,56742,263,871
Creditors amounts falling due after one year7(3,174,410)(3,445,083)
Provisions for liabilities8(4,856,402)(3,966,889)
Net assets36,772,75534,851,899
Capital and reserves
Called up share capital8,3008,300
Revaluation reserve25,608,95923,851,187
Profit and loss account11,155,49610,992,412
Shareholders' funds36,772,75534,851,899
The financial statements were approved and authorised for issue by the Board of Directors on 20 November 2024, and are signed on its behalf by:
M G Chennells
Director
Registered Company No. 04419400
Eagle Hall Estates Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. The land and buildings are regularly valued by a professional valuer and any changes in the fair value are recorded in the revaluation reserve.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 April 2342,548,25542,548,255
Revaluations2,606,0002,606,000
At 31 March 2445,154,25545,154,255
Net book value
At 31 March 2445,154,25545,154,255
At 31 March 2342,548,25542,548,255
The land and buildings were professionally valued at 31st March 2024.
4.Fixed asset investments

Investments in groups1

Other investments2

Total

£££
Cost or valuation
At 01 April 238,300-8,300
Additions-15,00015,000
At 31 March 248,30015,00023,300
Net book value
At 31 March 248,30015,00023,300
At 31 March 238,300-8,300

Notes

1Investments in group undertakings and participating interests
2Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables63,95062,555
Other debtors324325
Total64,27462,880
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,6954,821
Bank borrowings and overdrafts255,642206,000
Amounts owed to related parties95,02271,080
Taxation and social security11,74212,613
Other creditors55,67445,720
Accrued liabilities and deferred income16,48719,524
Total438,262359,758
Creditors falling due in less than one year include bank loans and overdrafts which are secured of £255,642 (2023 - £206,000).
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts3,174,4103,445,083
Total3,174,4103,445,083
Creditors falling due after more than one year include bank loans which are secured of £3,174,410 (2023 - £3,445,083).
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,856,4023,966,889
Total4,856,4023,966,889
9.Related party transactions
The company lets land and buildings to its subsidiary, G.H. Chennells (Farms) Limited for a nominal rent under a Farm Business Tenancy. A loan account exists between the company and its subsidiary. At the year end, the amount due to G.H. Chennells (Farms) Limited was £95,022 (2023 - £71,080).