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REGISTERED NUMBER: 03905674 (England and Wales)
















Financial Statements for the Year Ended 31 October 2024

for

Nedging Hall Estate Limited

Nedging Hall Estate Limited (Registered number: 03905674)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nedging Hall Estate Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: C Course
C Buckle
G Westwood





SECRETARY: P Andrews





REGISTERED OFFICE: 13 Churchfield Road
Sudbury
Suffolk
CO10 2YA





REGISTERED NUMBER: 03905674 (England and Wales)





AUDITORS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Nedging Hall Estate Limited (Registered number: 03905674)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 400 1,240
Tangible assets 5 3,516,684 3,458,456
3,517,084 3,459,696

CURRENT ASSETS
Stocks 6 127,981 121,632
Debtors 7 110,004 109,366
Cash at bank 83,405 88,829
321,390 319,827
CREDITORS
Amounts falling due within one year 8 459,052 394,197
NET CURRENT LIABILITIES (137,662 ) (74,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,379,422

3,385,326

CREDITORS
Amounts falling due after more than one
year

9

(600,142

)

(10,142

)

PROVISIONS FOR LIABILITIES 12 (52,199 ) (52,199 )
NET ASSETS 2,727,081 3,322,985

CAPITAL AND RESERVES
Called up share capital 13 200,100 200,100
Share premium 14 4,654,885 4,654,885
Revaluation reserve 14 319,077 319,077
Retained earnings 14 (2,446,981 ) (1,851,077 )
SHAREHOLDERS' FUNDS 2,727,081 3,322,985

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





C Buckle - Director


Nedging Hall Estate Limited (Registered number: 03905674)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Nedging Hall Estate 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 as modified by the revaluation of certain assets.

At the year end the company reports net liabilities of £137,662 (2023: £74,370). The directors are satisfied that the company has adequate cash resources in order to pay all of its creditors as they fall due for the foreseeable future and for at least 12 months from the date of signing of these financial statements. Furthermore, the parent company, Heathpatch Limited has offered further financial support if required. On the basis of continuing financial support from its parent company, the directors consider it is appropriate to prepare the accounts on the going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements requires management ot make judgements, estimates and assumptions which impact on the reported amounts of assets and liabilities. Estimates and judgements are continually evaluated and are based on historical experience and other factored, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ form these estimates.

The estimates and underlying assumptions are review 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 estimates and assumptions that have a significant risk of causing a material adjustments to carrying amounts of assets and liabilities within the next financial year are addressed below.

Valuation of investment properties
The valuation of the investment properties is on the basis of a valuation carried out by a third party specialist and directors. The valuation was made on an open market basis by reference to market evidence of transaction prices.

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

Turnover from food and drink is recognised at the point in which the food and drink are provided to the consumer based on the till receipts.

Accommodation revenue is recognised on a daily basis based on occupancy.

Brewery revenue is reconsider at the point of delivery of goods to the consumer.

Nedging Hall Estate Limited (Registered number: 03905674)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Intangible assets
Intangible assets are initially recorded at cost and subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by references to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets are acquired as part of a business combination are recorded at the fair value at the acquisition date.

Intellectual property rights - Over the useful economic life of that asset

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold propertyBuildings depreciate 0% due to repairs programme
Plant and machinery5% or 10% on a straight line basis
Fixtures and fittings15% on a reducing balance basis
Motor vehicles25% on a straight line basis
Short leasehold 15% on a straight line basis

The carrying value of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

No charge has been made for depreciation on freehold building. This is due to the residual value of the buildings being considered to be not less than the current net book value having regard to the continued refurbishment works that have occurred and that are continuing to take place in forthcoming years.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Nedging Hall Estate Limited (Registered number: 03905674)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Nedging Hall Estate Limited (Registered number: 03905674)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2023 - 74 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023 11,239
Additions 400
At 31 October 2024 11,639
AMORTISATION
At 1 November 2023 9,999
Charge for year 1,240
At 31 October 2024 11,239
NET BOOK VALUE
At 31 October 2024 400
At 31 October 2023 1,240

The other intangible assets relate to Intellectual property rights.

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1 November 2023 2,893,467 328,117 198,401
Additions 19,029 - 79,192
Disposals - - -
At 31 October 2024 2,912,496 328,117 277,593
DEPRECIATION
At 1 November 2023 - 98,152 42,110
Charge for year - 57,187 22,453
Eliminated on disposal - - -
At 31 October 2024 - 155,339 64,563
NET BOOK VALUE
At 31 October 2024 2,912,496 172,778 213,030
At 31 October 2023 2,893,467 229,965 156,291

Nedging Hall Estate Limited (Registered number: 03905674)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 212,177 44,098 3,676,260
Additions 58,865 16,742 173,828
Disposals (1,486 ) (18,490 ) (19,976 )
At 31 October 2024 269,556 42,350 3,830,112
DEPRECIATION
At 1 November 2023 48,138 29,404 217,804
Charge for year 26,942 7,950 114,532
Eliminated on disposal (418 ) (18,490 ) (18,908 )
At 31 October 2024 74,662 18,864 313,428
NET BOOK VALUE
At 31 October 2024 194,894 23,486 3,516,684
At 31 October 2023 164,039 14,694 3,458,456

The company's freehold investment property and freehold land and buildings were reviewed for revaluation as at 31 October 2024 by the directors. The directors consider that no material revaluation was necessary for the year ended 31 October 2024. The valuation was undertaken through use of available market data and advice taken from an independent firm of professional valuers.

Cost or valuation at 31 October 2024 is represented by:

Freehold Short Plant and
property leasehold machinery
£    £    £   
Valuation in 2024 206,284 - -
Cost 2,706,212 328,117 277,593
2,912,496 328,117 277,593

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2024 - - 206,284
Cost 269,556 42,350 3,623,828
269,556 42,350 3,830,112

6. STOCKS
31.10.24 31.10.23
£    £   
Stocks 127,981 121,632

Nedging Hall Estate Limited (Registered number: 03905674)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 65,819 82,372
Prepayments and accrued income 44,185 26,994
110,004 109,366

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 82,160 109,394
Amounts owed to group undertakings 15,793 27,134
Social security and other taxes 27,961 22,158
VAT 69,267 28,660
Other creditors 30,621 27,755
Accruals and deferred income 233,250 179,096
459,052 394,197

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Amounts owed to group undertakings 600,142 10,142

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£    £   
Between one and five years 75,000 75,000

11. SECURED DEBTS

The company has given a cross guarantee and debenture between Global Machinery Solutions Limited and Heathpatch Limited dated 15 September 2020 to Barclays Bank Plc.

The company has entered into a Composite Accounting Agreement with an unlimited guarantee to Barclays Bank Plc. The participating companies in the guarantee are: Global Machinery Solutions Limited, Camden Boss limited and the ultimate parent company, Heathpatch Limited.The agreement allows for interest to be set off and debit balances to be used in reducing liabilities within the Composite Accounting System.

12. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 52,199 52,199

Nedging Hall Estate Limited (Registered number: 03905674)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 52,199
Balance at 31 October 2024 52,199

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
200,100 Ordinary £1 200,100 200,100

14. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 November 2023 (1,851,077 ) 4,654,885 319,077 3,122,885
Deficit for the year (595,904 ) - - (595,904 )
At 31 October 2024 (2,446,981 ) 4,654,885 319,077 2,526,981

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

The Report of the Auditors was unqualified.

Kristi Johnson ACA CTA (Senior Statutory Auditor)
for and on behalf of Hardcastle Burton LLP

16. PENSION COMMITMENTS

The pension cost charge represents contributions payable by the company to the fund and amounted to £18,265 (2023: £17,561). At the end of the year 31 October 2024 there was a balance of £4,057 (2023: £3,553) outstanding to be paid.

17. PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

The ultimate parent company is Heathpatch Limited, a company registered in England and Wales. The largest and smallest group of undertakings for which group accounts have been drawn up is that headed by Heathpatch Limited and copies are available from the Registrar of Companies (www.companieshouse.gov.uk). There is no overall controlling party.