| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| FOR |
| GEORGE HAINES (ITCHENOR) LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| FOR |
| GEORGE HAINES (ITCHENOR) LIMITED |
| GEORGE HAINES (ITCHENOR) LIMITED (REGISTERED NUMBER: 01757642) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| GEORGE HAINES (ITCHENOR) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Appledram Barns |
| Birdham Road |
| Chichester |
| West Sussex |
| PO20 7EQ |
| GEORGE HAINES (ITCHENOR) LIMITED (REGISTERED NUMBER: 01757642) |
| BALANCE SHEET |
| 30 JUNE 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Capital redemption reserve | 10 |
| Other reserves | 10 | ( |
) | ( |
) |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| GEORGE HAINES (ITCHENOR) LIMITED (REGISTERED NUMBER: 01757642) |
| BALANCE SHEET - continued |
| 30 JUNE 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| GEORGE HAINES (ITCHENOR) LIMITED (REGISTERED NUMBER: 01757642) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| 1. | STATUTORY INFORMATION |
| George Haines (Itchenor) Limited is a |
| The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The financial statements have been prepared on a going concern basis. The directors believe that the company has adequate resources and support from the directors and shareholders to continue trading as a going concern. The financial statements do not include any adjustment that would result if the going concern assumption was found to be inappropriate. |
| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
| Turnover |
| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: |
| Sale of goods |
| Turnover from the sale of goods is recognised when all of the following conditions are satisfied: |
| • the company has transferred the significant risks and rewards of ownership to the buyer; |
| • the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; |
| • the amount of turnover can be measured reliably; |
| • it is probable that the company will receive the consideration due under the transaction; and |
| • the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
| Rendering of services |
| Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: |
| • the amount of turnover can be measured reliably; |
| • it is probable that the company will receive the consideration due under the contract; |
| • the stage of completion of the contract at the end of the reporting period can be measured reliably; and |
| • the costs incurred and the costs to complete the contract can be measured reliably. |
| GEORGE HAINES (ITCHENOR) LIMITED (REGISTERED NUMBER: 01757642) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation (now deemed cost), net of depreciation and any impairment losses. |
| The freehold land and buildings were professionally revalued at open market value 30 September 2009. These valuations have been adopted as the deemed cost of the assets on transition to FRS 102 Section 1A. |
| Components of an asset are separated where their value is significant in relation to the total value of the asset and where those components have different useful lives to the remainder of the asset for depreciation purposes. |
| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives. Depreciation is provided on the following bases: |
| Building components | - Between 25 and 50 years (land is not depreciated) |
| Plant and machinery etc | - 20% on cost and 25% on cost |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| GEORGE HAINES (ITCHENOR) LIMITED (REGISTERED NUMBER: 01757642) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Treasury shares |
| The company's own shares that are purchased to be held in treasury are recognised as a deduction from equity. This recognition is the fair value of the consideration given for the treasury shares and is presented within 'other reserves'. |
| Employee benefits |
| The costs of short-term employee benefits are recognised as a liability and an expense. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Motor | Computer |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 July 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2025 |
| DEPRECIATION |
| At 1 July 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 30 June 2024 |
| Cost or valuation at 30 June 2025 is represented by: |
| Freehold | Plant and | Motor | Computer |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| Valuation in 2009 | 77,462 | - | - | - | 77,462 |
| Cost | 642,855 | 281,151 | 58,342 | 57,101 | 1,039,449 |
| 720,317 | 281,151 | 58,342 | 57,101 | 1,116,911 |
| GEORGE HAINES (ITCHENOR) LIMITED (REGISTERED NUMBER: 01757642) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 642,855 | 642,855 |
| Aggregate depreciation | (334,493 | ) | (321,550 | ) |
| The freehold land and buildings were professionally revalued at open market value 30 September 2009. These valuations have been adopted as the deemed cost of the assets on transition to FRS 102 Section 1A. |
| 5. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 5,222 | 7,499 |
| Deferred tax |
| £ |
| Balance at 1 July 2024 |
| Provided during year | ( |
) |
| Balance at 30 June 2025 |
| GEORGE HAINES (ITCHENOR) LIMITED (REGISTERED NUMBER: 01757642) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 251,785 | 251,785 |
| 10. | RESERVES |
| Capital |
| Retained | redemption | Other |
| earnings | reserve | reserves | Totals |
| £ | £ | £ | £ |
| At 1 July 2024 | ( |
) | 534,122 |
| Deficit for the year | ( |
) | - | - | ( |
) |
| Purchase of own shares | - | - | (3,000 | ) | (3,000 | ) |
| Sale of shares held in |
| treasury | - | - | 1,500 | 1,500 |
| At 30 June 2025 | ( |
) | 519,240 |
| Other Reserves |
| 2025 | 2024 |
| £ | £ |
| Balance brought forward | 1,000 | 1,000 |
| Repurchase of shares to be held in treasury | 3,000 | - |
| Sale of shares held in treasury | (1,500 | ) |
| Balance carried forward | 2,500 | 1,000 |
| 11. | OTHER FINANCIAL COMMITMENTS |
| At the balance sheet date the company had operating lease commitments totalling £2,250 (2024: £3,750). |