REGISTERED NUMBER: 01053845 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HERINGTON HOUSE PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Dudley-Cooke

Mrs M A Dudley-Cooke

SECRETARY:

R Dudley-Cooke

REGISTERED OFFICE:

54 Sun Street

Waltham Abbey

Essex

EN9 1EJ

REGISTERED NUMBER:

01053845 (England and Wales)

ACCOUNTANTS:

KNIGHT WHEELER LIMITED

Chartered Accountants

54 Sun Street

Waltham Abbey

Essex

EN9 1EJ

FIXED ASSETS

Investment property

4

4,501,431

4,501,431

CURRENT ASSETS

Debtors

5

-

2,445

Cash at bank

195,753

239,587

195,753

242,032

CREDITORS

Amounts falling due within one year

6

(324,960

)

(430,052

)

NET CURRENT LIABILITIES

(129,207

)

(188,020

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,372,224

4,313,411

PROVISIONS FOR LIABILITIES

7

(256,342

)

(256,342

)

NET ASSETS

4,115,882

4,057,069

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Inv prop reserve - non distrib

8

1,142,370

1,142,370

Retained earnings

8

2,923,512

2,864,699

SHAREHOLDERS' FUNDS

4,115,882

4,057,069

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 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.

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 Board of Directors and authorised for issue on 13 October 2025 and were signed on its behalf by:

R Dudley-Cooke - Director

Mrs M A Dudley-Cooke - Director

1.	STATUTORY INFORMATION

Herington House Property 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.

The presentation currency of the financial statement is the Pound Sterling (£) which is the functional currency of the company and rounded to the nearest £.

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

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

The company's turnover derives from rental income and property investment.

Investment property

The company's investment properties have been valued at their open market value. The valuation of the investment properties is undertaken annually by the company directors with periodic external open market valuations. Any change in the value of the properties is reflected within the profit and loss account for the period.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered 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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

4,501,431

NET BOOK VALUE

At 31 March 2025

4,501,431

At 31 March 2024

4,501,431

Included in fair value of investment property is freehold land of £ 376,750 (2024 - £ 376,750 ) which is not depreciated.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2008

1,594,203

Valuation in 2011

200,000

Valuation in 2016

(10,764

)

Valuation in 2017

98,000

Valuation in 2018

(58,000

)

Valuation in 2021

350,000

Valuation in 2023

650,000

Cost

1,677,992

4,501,431

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,723,785

1,723,785

The investment properties were valued on an open market basis on 31 March 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

2,445

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

16,103

16,214

Social security and other taxes

1,286

-

Other creditors

174

940

Directors' loan accounts

303,198

408,698

Accrued expenses

4,199

4,200

324,960

430,052

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

256,342

256,342

Deferred

tax

£

Balance at 1 April 2024

256,342

Balance at 31 March 2025

256,342

8.

RESERVES

Investment property revaluation reserve

Retained earnings

Total

£

£

£

At 1st April 2024

1,142,370

2,864,699

4,007,069

Deferred taxation on revaluation

-

-

-

Revaluation of investment properties

-

-

-

Net result in the year

-

58,813

58,813

At 31 March 2025

1,142,370

2,923,512

4,065,882