Company Registration No. 02214493 (England and Wales)
Haycock Holdings Limited
Unaudited financial statements
for the year ended 31 March 2025
Pages for filing with the registrar
Haycock Holdings Limited
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
Haycock Holdings Limited
Statement of financial position
As at 31 March 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,898
6,890
Investment property
5
25,255,000
25,255,000
25,258,898
25,261,890
Current assets
Debtors
6
160,459
115,513
Cash at bank and in hand
279,237
309,022
439,696
424,535
Creditors: amounts falling due within one year
7
(826,966)
(807,674)
Net current liabilities
(387,270)
(383,139)
Total assets less current liabilities
24,871,628
24,878,751
Creditors: amounts falling due after more than one year
8
(6,483,079)
(6,466,158)
Provisions for liabilities
(309,332)
(309,332)
Net assets
18,079,217
18,103,261
Capital and reserves
Called up share capital
9
56,591
56,591
Capital redemption reserve
13,984
13,984
Other reserves
10
12,305,435
12,305,436
Profit and loss reserves
5,703,207
5,727,250
Total equity
18,079,217
18,103,261

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Haycock Holdings Limited
Statement of financial position (continued)
As at 31 March 2025
2
The financial statements were approved by the board of directors and authorised for issue on 11 September 2025 and are signed on its behalf by:
R B Haycock
E R M Haycock
Director
Director
Company Registration No. 02214493
Haycock Holdings Limited
Statement of changes in equity
For the year ended 31 March 2025
3
Share capital
Capital redemption reserve
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 April 2023
56,591
13,984
12,994,477
5,774,738
18,839,790
Year ended 31 March 2024:
Loss and total comprehensive income for the year
-
-
-
(96,973)
(96,973)
Dividends
-
-
-
(639,556)
(639,556)
Transfers
-
-
(689,041)
-
0
(689,041)
Other movements
-
-
-
689,041
689,041
Balance at 31 March 2024
56,591
13,984
12,305,436
5,727,250
18,103,261
Year ended 31 March 2025:
Profit and total comprehensive income for the year
-
-
-
604,165
604,165
Dividends
-
-
-
(628,208)
(628,208)
Balance at 31 March 2025
56,591
13,984
12,305,436
5,703,207
18,079,218
Haycock Holdings Limited
Notes to the financial statements
For the year ended 31 March 2025
4
1
Accounting policies
Company information

Haycock Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Midland House, 2 Poole Road, Bournemouth, Dorset, BH2 5QY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rents receivable net of VAT and the proceeds from the sale of property developments and rental income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
33% per annum on a straight line basis

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.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Haycock Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
5

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
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 current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Haycock Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
6
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Haycock Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
7
2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
8
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
19,649
Additions
703
Disposals
(3,194)
At 31 March 2025
17,158
Depreciation and impairment
At 1 April 2024
12,759
Depreciation charged in the year
3,695
Eliminated in respect of disposals
(3,194)
At 31 March 2025
13,260
Carrying amount
At 31 March 2025
3,898
At 31 March 2024
6,890
Haycock Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
8
5
Investment property
2025
£
Fair value
At 1 April 2024
25,255,000
Additions
13,490
Revaluations
(13,490)
At 31 March 2025
25,255,000

The fair value of the investment property at 31 March 2025 is based on a valuation prepared for the company by the directors.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
104,383
66,870
Other debtors
56,076
48,643
160,459
115,513
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
13,026
9,651
Amounts owed to group undertakings
566
566
Corporation tax
179,674
169,107
Other taxation and social security
93,957
90,494
Other creditors
539,743
537,856
826,966
807,674
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
6,483,079
6,466,158

The bank loan is secured by fixed and floating charges over the assets of the company and repayment is due in April 2026 in the form of a single instalment. Interest on the loan is payable quarterly at a rate of 2.350% over the banks base rate.

Haycock Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
9
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
56,591
56,591
56,591
56,591
10
Other reserves

Other reserves comprise of the uplift in value of investment property to market value less any deferred tax provision.

11
Capital commitments

The company had amounts contracted for but not provided in the financial statements in respect of the development of its investment properties of £nil (202 4: £nil).

12
Parent company

The ultimate parent company is Haycock Investments Limited, a company registered in England & Wales.

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