Company No: 06210919 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	124,452		129,799
Investment property	5	430,000		430,000
Investments	6	4,386,919		4,301,187
		4,941,371		4,860,986
Current assets
Debtors	7	353,124		675,405
Cash at bank and in hand		150,764		166,557
		503,888		841,962
Creditors: amounts falling due within one year	8	( 180,655)		( 178,692)
Net current assets		323,233		663,270
Total assets less current liabilities		5,264,604		5,524,256
Provision for liabilities		( 77,525)		( 78,311)
Net assets		5,187,079		5,445,945
Capital and reserves
Called-up share capital		1		1
Revaluation reserve		136,946		136,946
Profit and loss account		5,050,132		5,308,998
Total shareholders' funds		5,187,079		5,445,945

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 members have 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 Profit and Loss Account has not been delivered.

The financial statements of Tyttenhanger Limited (registered number: 06210919) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

H R Murray-Philipson 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

Tyttenhanger 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 Old Library Chambers, 21 Chipper Lane, Salisbury, Wiltshire, SP1 1BG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Tyttenhanger Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover represents management fee income and feed-in-tariff for the year and is recognised on an accruals basis.

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 Balance Sheet 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 enacted or substantively enacted 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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	25 years straight line
Leasehold improvements	depreciated over the life of the lease

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised the in revaluation reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Interest bearing bank loans, overdrafts and other loans which meet the criteria to be classified as basic financial instruments are recorded at the present value of cash payable to the bank.

Investments
Unquoted investments are stated at market value.

2. Prior year adjustment

		As previously reported		Adjustment		As restated
Year ended 31 December 2023		£		£		£
Revaluation reserve		0		136,946		136,946
Profit and loss account		5,249,939		(136,946)		5,112,993

The 2023 comparatives have been restated to reclassify a revaluation uplift, and its associated deferred tax previously held within retained earnings. As a result, the retained earnings have reduced by £136,946 with an equivalent increase in the revaluation reserve.

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

4. Tangible assets

	Land and buildings		Leasehold improve- ments		Total
	£		£		£
Cost
At 01 January 2024	75,000		115,046		190,046
At 31 December 2024	75,000		115,046		190,046
Accumulated depreciation
At 01 January 2024	6,000		54,247		60,247
Charge for the financial year	750		4,597		5,347
At 31 December 2024	6,750		58,844		65,594
Net book value
At 31 December 2024	68,250		56,202		124,452
At 31 December 2023	69,000		60,799		129,799

5. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	430,000
As at 31 December 2024	430,000

Valuation

Freehold investment properties were valued by the directors on an open market value for existing use basis as at 30 December 2014. The directors have considered the value as at 31 December 2024 and confirm there has been no material movement in the value during the year.

6. Fixed asset investments

	2024		2023
	£		£
Subsidiary undertakings	3,503,815		3,503,815
Participating interests	42,651		42,651
Other investments and loans	840,453		754,721
	4,386,919		4,301,187

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	3,503,815
At 31 December 2024	3,503,815
Carrying value at 31 December 2024	3,503,815
Carrying value at 31 December 2023	3,503,815

	Listed investments		Investments in joint ventures		Total
	£		£		£
Cost or valuation before impairment
At 01 January 2024	754,721		42,651		797,372
Movement in fair value	85,732		0		85,732
At 31 December 2024	840,453		42,651		883,104
Carrying value at 31 December 2024	840,453		42,651		883,104
Carrying value at 31 December 2023	754,721		42,651		797,372

Investments in shares

Name of entity	Registered office	Class of shares	Ownership 31.12.2024	Ownership 31.12.2023	Held
Bowmans Farms Limited	Old Library Chambers, 21 Chipper Lane, Salisbury, SP1 1BG	Ordinary	100.00%	100.00%	Direct
Bowmans Leisure Limited	Fernwood House Fernwood Road, Jesmond, Newcastle Upon Tyne, England, NE2 1TJ	Ordinary	50.00%	50.00%	Direct

The capital and reserves and the profit/(loss) of the subsidiary undertakings was as follows:

	Capital and reserves at 2024	Profit/(loss) for the year ended 2024
	£	£
Bowmans Farms Limited	429,006	(10,651)
Bowmans Leisure Limited	10,736,429	238,309

7. Debtors

	2024		2023
	£		£
Amounts owed by Parent undertakings	33,022		33,022
Amounts owed by own subsidiaries	0		256,447
Amounts owed by joint ventures	292,228		377,936
Other debtors	27,874		8,000
	353,124		675,405

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	8,209		8,222
Accruals	10,125		4,500
Taxation and social security	162,321		165,970
	180,655		178,692