Company No: 05544372 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	1,800,658		1,729,111
		1,800,658		1,729,111
Current assets
Debtors	5	102,390		209,074
Cash at bank and in hand		1,147,200		1,653,391
		1,249,590		1,862,465
Creditors: amounts falling due within one year	6	( 114,825)		( 743,890)
Net current assets		1,134,765		1,118,575
Total assets less current liabilities		2,935,423		2,847,686
Provision for liabilities	7	( 58,462)		( 68,554)
Net assets		2,876,961		2,779,132
Capital and reserves
Called-up share capital	8	9,475		9,475
Share premium account		927,630		927,630
Profit and loss account		1,939,856		1,842,027
Total shareholder's funds		2,876,961		2,779,132

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Hengoed Park Limited (registered number: 05544372) were approved and authorised for issue by the Board of Directors on 16 September 2025. They were signed on its behalf by:

Tamarin Sophie Alicia Bibow Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hengoed Park Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1-3 College Yard, Worcester, WR1 2LB, United Kingdom. The principal place of business is Trewern Hall, Hengoed, Oswestry, SY10 7EE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Goodwill

Goodwill is the amount paid in connection with the acquisition of a business in 2006, it has been amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
	10 % reducing balance
Plant and machinery	15 - 33 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	15 - 33 % reducing balance
Office equipment	33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	49		51

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	34,000		34,000
At 31 December 2024	34,000		34,000
Accumulated amortisation
At 01 January 2024	34,000		34,000
At 31 December 2024	34,000		34,000
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 January 2024	1,713,779		54,631		21,342		207,261		0		1,997,013
Additions	87,420		17,181		7,990		10,130		17,280		140,001
At 31 December 2024	1,801,199		71,812		29,332		217,391		17,280		2,137,014
Accumulated depreciation
At 01 January 2024	80,197		14,435		13,499		159,771		0		267,902
Charge for the financial year	38,118		14,545		2,960		11,148		1,683		68,454
At 31 December 2024	118,315		28,980		16,459		170,919		1,683		336,356
Net book value
At 31 December 2024	1,682,884		42,832		12,873		46,472		15,597		1,800,658
At 31 December 2023	1,633,582		40,196		7,843		47,490		0		1,729,111

5. Debtors

	2024		2023
	£		£
Trade debtors	24,510		167,844
Amounts owed by directors	40,242		669
Prepayments and accrued income	36,914		39,107
Other debtors	724		1,454
	102,390		209,074

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	55,018		38,785
Amounts owed to directors	0		421,747
Accruals and deferred income	13,267		33,040
Taxation and social security	45,588		248,959
Other creditors	952		1,359
	114,825		743,890

7. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 68,554)		( 30,956)
Credited/(charged) to the Statement of Income and Retained Earnings	10,092		( 37,598)
At the end of financial year	( 58,462)		( 68,554)

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
9,475 ordinary shares of £ 1.00 each	9,475		9,475

9. Related party transactions

Transactions with owners holding a participating interest in the entity

	2024		2023
	£		£
Amounts owed by another company owned by the shareholder	724		180

Transactions with the entity's directors

	2024		2023
	£		£
Amounts owed by (to) directors	40,242		(421,747)

At the year end the directors owed £40,242, interest has been charged on this balance at 2.25%.