GREAT HEAD HOUSE ESTATES LIMITED


Directors	FISHER, Eleanor Mary
	WALBY, Michael James


Registered Address	Great Head House
	Priory Road
	Ulverston
	LA12 9RX


Registered Number	01645885 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		744		1,242
Investment property	4		524,093		524,093
			524,837		525,335
Current assets
Stocks		1,359		1,359
Debtors	5	70,896		79,633
Cash at bank and on hand		736,942		697,934
		809,197		778,926
Creditors amounts falling due within one year	6	(517,195)		(515,417)
Net current assets (liabilities)			292,002		263,509
Total assets less current liabilities			816,839		788,844
Provisions for liabilities			(120)		(1,920)
Net assets			816,719		786,924
Capital and reserves
Called up share capital			1,100,000		1,100,000
Profit and loss account			(283,281)		(313,076)
Shareholders' funds			816,719		786,924

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 September 2025, and are signed on its behalf by:

FISHER, Eleanor Mary
Director
Registered Company No. 01645885

GREAT HEAD HOUSE ESTATES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

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.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Current taxation
	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
	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.

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows: Plant and machinery - 20/25% reducing balance & 10/33.33% on cost

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:
Plant and machinery - 20/25% reducing balance & 10/33.33% on cost

	Investment property
	Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

	Finance leases and hire purchase contracts
	Rental income from operating leases is credited to profit or loss on a straight line basis over the lease term.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

	Financial instruments
	The company 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.

	Government grants or assistance
	Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Government grants or assistance

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		5

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 April 24	329,389	329,389
At 31 March 25	329,389	329,389
Depreciation and impairment
At 01 April 24	328,147	328,147
Charge for year	498	498
At 31 March 25	328,645	328,645
Net book value
At 31 March 25	744	744
At 31 March 24	1,242	1,242

4.	Investment property
	The 2025 valuations were made by the directors, on an open market value for existing use basis.


		£
	Fair value at 01 April 24	524,093
	At 31 March 25	524,093

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	58,460	60,291
Amounts owed by group undertakings	4,054	2,929
Other debtors	7,181	7,863
Prepayments and accrued income	1,201	8,550
Total	70,896	79,633


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,052	8,971
Amounts owed to related parties	284,800	261,208
Taxation and social security	8,130	9,200
Other creditors	212,668	227,237
Accrued liabilities and deferred income	9,545	8,801
Total	517,195	515,417


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Related party transactions
	Included within debtors, is an amount due from Cross Lane Court Limited, a company with common directors and shareholders, of £4,054 (2024 - £2,929). The balance is interest free and repayable on demand. Included within creditors, amounts falling due within one year, is an amount owed to Fisher Brothers 1994 Limited, a company with common directors and shareholders, of £220,520 (2024 - £200,553). The balance is interest free and repayable on demand. Included within creditors, amounts falling due within one year, is an amount owed to Fisher Brothers 1979 Limited, a company with common directors and shareholders, of £64,280 (2024 - £60,655). The balance is interest free and repayable on demand. Included within creditors, amounts due within one year, is an amount due to the director, Mrs E M Fisher, of £Nil (2024 - £35,310). The balance is interest free and repayable on demand. Included within creditors, amounts falling due within one year, is an amount owed to B F Fisher, of £24,055 (2024 - £24,055). The balance is interest free and repayable on demand. Included within creditors, amounts falling due within one year, is an amount owed to J S Fisher, of £186,147 (2024 - £165,747). The balance is interest free and repayable on demand. Included within administration expenses is a service charge credit of £152,505 (2024 - £117,801) from Cross Lane Court Limited, Fisher Brothers 1979 Limited and Fisher Brothers 1994 Limited, companies with common directors and shareholders, in respect of recharged costs.

Related party transactions

Included within debtors, is an amount due from Cross Lane Court Limited, a company with common directors and shareholders, of £4,054 (2024 - £2,929). The balance is interest free and repayable on demand.

Included within creditors, amounts falling due within one year, is an amount owed to Fisher Brothers 1994 Limited, a company with common directors and shareholders, of £220,520 (2024 - £200,553). The balance is interest free and repayable on demand.

Included within creditors, amounts falling due within one year, is an amount owed to Fisher Brothers 1979 Limited, a company with common directors and shareholders, of £64,280 (2024 - £60,655). The balance is interest free and repayable on demand.

Included within creditors, amounts due within one year, is an amount due to the director, Mrs E M Fisher, of £Nil (2024 - £35,310). The balance is interest free and repayable on demand.

Included within creditors, amounts falling due within one year, is an amount owed to B F Fisher, of £24,055 (2024 - £24,055). The balance is interest free and repayable on demand.

Included within creditors, amounts falling due within one year, is an amount owed to J S Fisher, of £186,147 (2024 - £165,747). The balance is interest free and repayable on demand.

Included within administration expenses is a service charge credit of £152,505 (2024 - £117,801) from Cross Lane Court Limited, Fisher Brothers 1979 Limited and Fisher Brothers 1994 Limited, companies with common directors and shareholders, in respect of recharged costs.