Hayne Securities Limited

	Page
Company Information	1
Accountant's Report	2
Balance Sheet	3—4
Statement of Changes in Equity	5
Notes to the Financial Statements	6—10

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Accountant's Report

For The Year Ended 31 December 2024

Accountant's Report

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Hayne Securities Limited for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Hayne Securities Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Hayne Securities Limited , as a body, in accordance with the terms of our engagement letter dated 21 September 2017. Our work has been undertaken solely to prepare for your approval the accounts of Hayne Securities Limited and state those matters that we have agreed to state to the directors of Hayne Securities Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hayne Securities Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Hayne Securities Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Hayne Securities Limited . You consider that Hayne Securities Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Hayne Securities Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

25/09/2025

Barry Watson FCA

Chartered Accountant

The Whitehouse Cottage

Vicarage Lane

Curdridge

Hampshire

SO32 2DP

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Hayne Securities Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 3384748

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		52,318		101,383
Investments	6		4,640,861		6,153,503

			4,693,179		6,254,886
CURRENT ASSETS
Stocks	7	-		300
Debtors	8	429,280		53,606
Cash at bank and in hand		301,609		1,239,057

		730,889		1,292,963
Creditors: Amounts Falling Due Within One Year	9	(277,763 )		(2,119,991 )

NET CURRENT ASSETS (LIABILITIES)			453,126		(827,028 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,146,305		5,427,858

Creditors: Amounts Falling Due After More Than One Year	10		(269,000 )		(2,704,947 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(234,988 )		(234,988 )

NET ASSETS			4,642,317		2,487,923

CAPITAL AND RESERVES
Called up share capital	13		1,999		1,000
Share premium account			2,484,433		-
Revaluation reserve	15		1,507,525		1,438,430
Fair value reserve	15		(79,828 )		51,958
Profit and Loss Account			728,188		996,535

SHAREHOLDERS' FUNDS			4,642,317		2,487,923

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Hayne Securities Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Rachel George

Director

25/09/2025

The notes on pages 6 to 10 form part of these financial statements.

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Hayne Securities Limited

Statement of Changes in Equity

For The Year Ended 31 December 2024

Statement of Changes in Equity

	Share Capital	Share Premium	Revaluation reserve	Fair value reserve
	£	£	£	£
As at 1 January 2023	1,000	-	744,984	-
Profit for year	-	-	-	-

Net investment property revaluation reserve	-	-	693,446	-

Other comprehensive income for the year	-	-	693,446	-

Total comprehensive income for the year	-	-	693,446	-

Dividends paid	-	-	-	-
Movements in fair value reserve	-	-	-	51,958

As at 31 December 2023 and 1 January 2024	1,000	-	1,438,430	51,958


Profit for year	-	-	-	-

Net investment property revaluation reserve	-	-	69,095	-

Other comprehensive income for the year	-	-	69,095	-

Total comprehensive income for the year	-	-	69,095	-

Dividends paid	-	-	-	-
Arising on shares issued during the period	-	2,484,433	-	-
Movements in fair value reserve	-	-	-	(131,786)

As at 31 December 2024	1,999	2,484,433	1,507,525	(79,828 )

	Profit and Loss Account	Total
	£	£
As at 1 January 2023	1,382,073	2,128,057
Profit for year	272,338	272,338

Net investment property revaluation reserve	-	693,446

Other comprehensive income for the year	-	693,446

Total comprehensive income for the year	272,338	965,784

Dividends paid	(657,876)	(657,876)
Movements in fair value reserve	-	51,958

As at 31 December 2023 and 1 January 2024	996,535	2,487,923


Profit for year	187,981	187,981

Net investment property revaluation reserve	-	69,095

Other comprehensive income for the year	-	69,095

Total comprehensive income for the year	187,981	257,076

Dividends paid	(456,328)	(456,328)
Arising on shares issued during the period	-	2,484,433
Movements in fair value reserve	-	(131,786)

As at 31 December 2024	728,188	4,642,317

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Hayne Securities Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Hayne Securities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 3384748 . The registered office is Hayne, Corfe, Taunton, Somerset, TA3 7DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Leasehold	period of lease, if less than 50 years
Plant & Machinery	12.5%
Motor Vehicles	25%
Fixtures & Fittings	33%
Computer Equipment	33%

2.4. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Hayne Securities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	61,993	126,928	19,350	12,767	221,038
Disposals	(8,905 )	(89,950 )	-	(2,519 )	(101,374 )

As at 31 December 2024	53,088	36,978	19,350	10,248	119,664

Depreciation
As at 1 January 2024	24,939	71,392	16,230	7,094	119,655
Provided during the period	6,636	7,396	3,119	3,679	20,830
Disposals	(8,905 )	(61,715 )	-	(2,519 )	(73,139 )

As at 31 December 2024	22,670	17,073	19,349	8,254	67,346

Net Book Value
As at 31 December 2024	30,418	19,905	1	1,994	52,318

As at 1 January 2024	37,054	55,536	3,120	5,673	101,383

5. Investment Property

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2024	2023
	£	£
Cost	2,776,280	4,236,231

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Hayne Securities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Investments

	Unlisted	Other	Total
	£	£	£
Cost
As at 1 January 2024	456,961	5,883,637	6,340,598
Disposals	(143,916 )	(1,449,951 )	(1,593,867 )
Revaluations	-	69,095	69,095

As at 31 December 2024	313,045	4,502,781	4,815,826

Provision
As at 1 January 2024	187,095	-	187,095
Disposals	(143,916 )	-	(143,916 )
Impairment losses	131,786	-	131,786

As at 31 December 2024	174,965	-	174,965

Net Book Value
As at 31 December 2024	138,080	4,502,781	4,640,861

As at 1 January 2024	269,866	5,883,637	6,153,503

Unlisted Securities

Shares in Hayne Securities SL.

The company owns a 9% shareholding in this Spanish property company. The Company's shareholding is denominated in Euros. The original cost was £313,045. A provision is made for the movement of the exchange rate and changes in the company's net asset value amounting to £174,964 ( 2023 £43,179)

Other

The company holds numerous freehold properties as investments, including freehold properties and freehold reversions in flats and similar properties.

The freehold reversions have been revalued in accordance with the lease terms, where increases in the ground rent payable have occurred.

7. Stocks

	2024	2023
	£	£
Stock - sheep	-	300

8. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	30,914	30,355
Ground rents payable in advance	23,328	16,755
Prepayments and accrued income	6,753	5,820
Other taxes and social security	676	676
Amounts owed by group undertakings	367,609	-

	429,280	53,606

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Hayne Securities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	69,242	92,726
Corporation tax	86,508	100,296
Net wages	-	1,953
Ground rent paid in advance	23,328	16,755
Parkwood current account	67,250	120,645
Accruals and deferred income	31,435	17,810
Directors' loan accounts	-	4,784
Amounts owed to group undertakings	-	1,765,022

	277,763	2,119,991

10. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
8% Preference Shares	269,000	269,000
Amounts owed to related parties	-	2,435,947

	269,000	2,704,947

The Preference shares have no right to vote at general meetings. The Preference shares rank ahead of the A, B & C ordinary shares in repect of the dividend distributions at a rate of 8% per annum.

Each Preference share is redeemable in whole or part, commencing after 31 December 2023 with a final redemption date of 31 December 2040.

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	234,988	234,988

12. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	234,988	234,988

Balance at 31 December 2024	234,988	234,988

13. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,999	1,000

The shares may be designated A, B or C Ordinary shares.Each share is entitled to one vote in any circumstances.

Each share is entitled pari passu to dividend payments or any other distribution, save the directors in their absolute descretion at any time recommend daclare or pay dividends or distributions on one class but not another or at different rates.

Each share is entitled pari passu to participate in a distribution arising from a winding up of the company.

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Hayne Securities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

14. Dividends

	2024	2023
	£	£
On equity shares:
Interim dividend paid	456,328	657,876

15. Reserves

	Revaluation Reserve	Fair Value Reserve
	£	£
As at 1 January 2024	1,438,430	51,958
Net investment property revaluation reserve	69,095	-
Movements in fair value reserve	-	(131,786)

As at 31 December 2024	1,507,525	(79,828 )

16. Related Party Transactions

17. Parent Undertaking and Controlling Party

The company's immediate and parent undertaking is Filiae Limited . Filiae Limited was incorporated in England & Wales - Company number 03370800

Mr C George and Mrs R George acting together who control 100% of the shares of Filiae Ltd .

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Directors	Mrs Rachel George
	Mr Christopher George

Secretary	Mr Christopher George

Company Number	3384748

Registered Office	Hayne
	Corfe
	Taunton
	Somerset
	TA3 7DB

Accountants	Barry Watson FCA
	Chartered Accountant
	The Whitehouse Cottage
	Vicarage Lane
	Curdridge
	Hampshire
	SO32 2DP