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Registration number: 06089885

The Haynes Corporation Limited
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

The Haynes Corporation Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

The Haynes Corporation Limited

Company Information

Directors | M Haynes V Haynes

Company secretary | V Haynes

Registered office | Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

Accountants | Burton Sweet Limited Chartered Accountants and Business Advisers Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

The Haynes Corporation Limited

(Registration number: 06089885)
Balance Sheet
31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,242 | 990
Investment property | 5 | 135,000 | 135,000
|  | 136,242 | 135,990
Current assets |  |  |
Debtors | 6 | 1,564 | 619
Cash at bank and in hand |  | 1,575 | 45,940
|  | 3,139 | 46,559
Creditors: Amounts falling due within one year | 7 | (49,235) | (88,475)
Net current liabilities |  | (46,096) | (41,916)
Total assets less current liabilities |  | 90,146 | 94,074
Creditors: Amounts falling due after more than one year | 7 | (106,492) | (106,507)
Net liabilities |  | (16,346) | (12,433)
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Retained earnings |  | (16,546) | (12,633)
Shareholders' deficit |  | (16,346) | (12,433)

The Haynes Corporation Limited

(Registration number: 06089885)
Balance Sheet
31 March 2025

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Profit and Loss Account.

Approved and authorised by the Board on 11 November 2025 and signed on its behalf by:

......................................... M Haynes Director

The Haynes Corporation Limited

Notes to the Unaudited Financial Statements
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:
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

These financial statements were authorised for issue by the Board on 11 November 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis due to the ongoing support of the directors.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for rental income.

Tax

The tax expense for the period comprises current 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.

The Haynes Corporation Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

The current corporation 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.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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
Fixtures and fittings | 15% per annum reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at the transaction price. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

The Haynes Corporation Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Fixtures and fittings £ | Total £
Cost or valuation
At 1 April 2024 | 14,445 | 14,445
Additions | 488 | 488
Disposals | (250) | (250)
At 31 March 2025 | 14,683 | 14,683
Depreciation
At 1 April 2024 | 13,455 | 13,455
Charge for the year | 221 | 221
Eliminated on disposal | (235) | (235)
At 31 March 2025 | 13,441 | 13,441
Carrying amount
At 31 March 2025 | 1,242 | 1,242
At 31 March 2024 | 990 | 990

5 | Investment properties

| 2025 £
At 1 April | 135,000
At 31 March | 135,000

The properties have been valued on a market value basis by the directors and their agents.

The Haynes Corporation Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

6 | Debtors

| Note | 2025 £ | 2024 £
Other debtors |  | - | 515
Prepayments |  | 980 | 104
Income tax asset |  | 584 | -
|  | 1,564 | 619

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 1,353 | 119
Taxation and social security | - | 3,073
Accruals and deferred income | 1,116 | 1,068
Other creditors | 46,766 | 84,215
| 49,235 | 88,475

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 106,492 | 106,507

Creditors falling due after more than one year include bank loans which are secured of £106,492 (2024 - £106,507).

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 106,492 | 106,507