Stonehurst Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01070521 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Stonehurst Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A Briggs

SECRETARY:

Mrs C J Briggs

REGISTERED OFFICE:

Danehill Lodge Tanyard Lane

Danehill

Haywards Heath

West Sussex

RH17 7JW

REGISTERED NUMBER:

01070521 (England and Wales)

ACCOUNTANTS:

Harrison North

Adam House, 7-10 Adam Street

London

WC2N 6AA

FIXED ASSETS

Tangible assets

4

11,120

16,293

Investments

5

1,594,387

Investment property

6

7,800,000

9,405,507

9,410,680

CURRENT ASSETS

Stocks

2,450,000

Debtors

7

8,553,097

8,954,475

Cash at bank

25,330

158,897

11,028,427

11,563,372

CREDITORS

Amounts falling due within one year

8

1,526,746

1,099,540

NET CURRENT ASSETS

9,501,681

10,463,832

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,907,188

19,874,512

CREDITORS

Amounts falling due after more than
one year

9

(2,083,400

)

(2,950,000

)

PROVISIONS FOR LIABILITIES

12

(617,175

)

(617,175

)

NET ASSETS

16,206,613

16,307,337

CAPITAL AND RESERVES

Called up share capital

13

147,160

Share premium

14

7,350

Unrealised intra-group

property transfer reserve

14

2,234,347

Fair value reserve

14

5,285,215

Retained earnings

14

8,532,541

8,633,265

SHAREHOLDERS' FUNDS

16,206,613

16,307,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2025 and were signed by:

S A Briggs - Director

1.	STATUTORY INFORMATION

Stonehurst Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover comprises property sales proceeds, contract works and development fees invoiced and rents receivable, all excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture & equipment - term of leases

Motor vehicles - 25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Developments / work in progress

Property developments in progress and work in progress are valued at the lower of cost and net realisable value.

Cost comprises the initial purchase price together with subsequent direct costs.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

58,199

DEPRECIATION

At 1 April 2024

41,906

Charge for year

5,173

At 31 March 2025

47,079

NET BOOK VALUE

At 31 March 2025

11,120

At 31 March 2024

16,293

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

1,594,387

NET BOOK VALUE

At 31 March 2025

1,594,387

At 31 March 2024

1,594,387

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joseph Yates Limited

Registered office: United Kingdom

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

Aggregate capital and reserves

2,294,765

2,267,922

Profit/(loss) for the year

32,399

(49,784

)

Anchor Hartfield Limited

Registered office: United Kingdom

Nature of business: Management of a Public House

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

Aggregate capital and reserves

(297,224

)

(238,219

)

Loss for the year

(59,005

)

(24,753

)

Vittoria Apartments Limited

Registered office:

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

Aggregate capital and reserves

(799,201

)

(809,873

)

Profit/(loss) for the year

10,673

(137,667

)

Keyhill Village Limited

Registered office:

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

Aggregate capital and reserves

57,424

Key Hill Village (Hockley)Limited

Registered office:

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

Aggregate capital and reserves

(69,231

)

(69,068

)

Loss for the year

(163

)

(23,633

)

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

7,800,000

NET BOOK VALUE

At 31 March 2025

7,800,000

At 31 March 2024

7,800,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

7,800,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

1,096,315

The investment properties were valued on an open market basis on 3 June 2021 by Savills and the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.3.25

31.3.24

£

Trade debtors

-

7,869

Amounts owed by group undertakings

8,269,811

8,793,499

Amounts owed by associates

163,995

-

Other debtors

119,291

153,107

8,553,097

8,954,475

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.3.25

31.3.24

£

Trade creditors

7,891

17,625

Amounts owed to associates

-

24,244

Taxation and social security

9,942

-

Other creditors

1,508,913

1,057,671

1,526,746

1,099,540

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans (see note 10)

2,083,400

2,500,000

Other creditors

-

450,000

2,083,400

2,950,000

10.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

2,083,400

2,500,000

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

2,083,400

2,500,000

The Rothschild bank loan advanced during the year to 31st March 2022 carries interest payable monthly at a rate of 2.5% over the Bank of England base rate. The capital element is repayable in full on 30th June 2026.

12.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

617,175

Deferred

tax

£

Balance at 1 April 2024

617,175

Balance at 31 March 2025

617,175

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

147,160

Ordinary

1

147,160

14.

RESERVES

Unrealised

intra-group

property

Fair

Retained

Share

transfer

value

earnings

premium

reserve

Totals

£

At 1 April 2024

8,633,265

7,350

2,234,347

5,285,215

16,160,177

Deficit for the year

(100,724

)

(100,724

)

At 31 March 2025

8,532,541

7,350

2,234,347

5,285,215

16,059,453

15.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

S A Briggs

Balance outstanding at start of year

(939,167

)

(57,167

)

Amounts advanced

-

(1,277,000

)

Amounts repaid

-

395,000

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(939,167

)

16.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S A Briggs.

The company's parent company is Stonehurst Group Limited whose registered office is in England.