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Registration number: 11240001

Hayman Engineering Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Hayman Engineering Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 8

Hayman Engineering Limited

(Registration number: 11240001)
Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 883,466 | 685,125
Investments | 5 | 775,392 | 775,392
|  | 1,658,858 | 1,460,517
Current assets |  |  |
Debtors | 6 | 151,265 | 51,060
Cash at bank and in hand |  | 227,147 | 332,840
|  | 378,412 | 383,900
Creditors: Amounts falling due within one year | 7 | (90,937) | (94,124)
Net current assets |  | 287,475 | 289,776
Total assets less current liabilities |  | 1,946,333 | 1,750,293
Provisions for liabilities |  | (63,176) | (49,594)
Net assets |  | 1,883,157 | 1,700,699
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 1,883,057 | 1,700,599
Shareholders' funds |  | 1,883,157 | 1,700,699

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 9 October 2025 and signed on its behalf by:

Mr C Hayman Director

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of a holding company.

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group. Hayman Engineering Limited is the parent undertaking, registered at Plym House, 3 Longbridge Road, Marsh Mills, Plymouth, Devon, PL6 8LT.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is measured initially at cost, which includes purchase price and any attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold property | Not depreciated
Plant and machinery | 20% reducing balance
Computer equipment | 20% straight line
Motor vehicles | 25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Investments

Fixed asset investments are initially recorded at cost, and subsequently recorded at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is made at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount if recognised in finance costs in profit or loss in the period it arises.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 1).

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4 | Tangible assets

| Investment property £ | Computer equipment £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 619,000 | 2,641 | 14,168 | 49,316 | 685,125
Revaluations | 45,987 | - | - | - | 45,987
Additions | 144,013 | - | 7,550 | 25,500 | 177,063
Disposals | - | - | - | (1,335) | (1,335)
At 31 March 2025 | 809,000 | 2,641 | 21,718 | 73,481 | 906,840
Depreciation
Charge for the year | - | 660 | 4,343 | 18,371 | 23,374
At 31 March 2025 | - | 660 | 4,343 | 18,371 | 23,374
Carrying amount
At 31 March 2025 | 809,000 | 1,981 | 17,375 | 55,110 | 883,466
At 31 March 2024 | 619,000 | 2,641 | 14,168 | 49,316 | 685,125

Revaluation

The fair value of the company's Freehold property was revalued in 2025.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £630,762 (2024 - £486,749).

5 | Other financial assets (current and non-current)

| Investments £ | Total £
Non-current financial assets
Cost or valuation
At 1 April 2024 | 775,392 | 775,392
At 31 March 2025 | 775,392 | 775,392
Impairment
Carrying amount
At 31 March 2025 | 775,392 | 775,392

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6 | Debtors

| 2025 £ | 2024 £
Other debtors | 151,265 | 51,060
Less non-current portion | (118,277) | -
| 32,988 | 51,060

The other debtors relate to a loan that is being repaid over over 4 1/2 years.

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 300 | 9,051
Accruals and deferred income | - | 18,000
Other creditors | 90,637 | 67,073
| 90,937 | 94,124

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses. This reserve contains accumulated undistributable reserves totalling £133,679.

9 | Related party transactions

Transactions with directors

2025 | At 1 April 2024 £ | Advances to director £ | Repayments by director £ | At 31 March 2025 £
Mr C Hayman
| 50,360 | 100,499 | (150,000) | 859

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

9 | Related party transactions (continued)

2024 | At 1 April 2023 £ | Advances to director £ | Repayments by director £ | At 31 March 2024 £
Mr C Hayman
| (3,617) | 91,977 | (38,000) | 50,360

Loans from related parties

2024 | Subsidiary £ | Total £
At start of period | 201,187 | 201,187
Repaid | (135,200) | (135,200)
At end of period | 65,987 | 65,987

2025 | Subsidiary £ | Total £
At start of period | 65,987 | 65,987
Advanced | 21,600 | 21,600
At end of period | 87,587 | 87,587

Terms of loans from related parties

The loan is from the companies subsidiary company, Millennium Engineering Limited. The loan is repayable on demand and does not attract interest.