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Registration number: 07085782

Evesbatch Leasing Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Evesbatch Leasing Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Evesbatch Leasing Limited

(Registration number: 07085782)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 292,532 | 292,532
Investments | 5 | 3,850,184 | 4,377,738
|  | 4,142,716 | 4,670,270
Current assets |  |  |
Cash at bank and in hand |  | 11,987 | 125,071
Creditors: Amounts falling due within one year | 6 | (2,997,973) | (3,007,037)
Net current liabilities |  | (2,985,986) | (2,881,966)
Net assets |  | 1,156,730 | 1,788,304
Capital and reserves |  |  |
Called up share capital | 7 | 31,500 | 31,500
Share premium reserve |  | 516,165 | 516,165
Profit and loss account |  | 609,065 | 1,240,639
Shareholders' funds |  | 1,156,730 | 1,788,304

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 and 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 17 November 2025 and signed on its behalf by:

......................................... P Blackwell Director

Evesbatch Leasing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

The principal place of business is:
Fawler Barn
Fawler
Nr Wantage
Oxon
OX12 9QJ

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises 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.

Evesbatch Leasing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. 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.
Trade creditors are recognised initially at the transaction price.

Evesbatch Leasing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4 | Investment properties

| 2025 £
At 1 April | 292,532
At 31 March | 292,532

The directors view the cost value of the investment property to be a fair reflection of the property's market value at the year end.

There has been no valuation of investment property by an independent valuer.

5 | Investments held as fixed assets

| 2025 £ | 2024 £
Investments in joint ventures and associates | 1,365,131 | 1,356,250
Investments in partnerships | 2,485,053 | 3,021,488
| 3,850,184 | 4,377,738

Joint ventures and associates | £
Cost
At 1 April 2024 | 1,360,695
Additions | 4,436
At 31 March 2025 | 1,365,131
Provision
Carrying amount
At 31 March 2025 | 1,365,131
At 31 March 2024 | 1,356,250

Evesbatch Leasing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Partnerships | £
Cost
At 1 April 2024 | 3,017,043
Additions | 214,878
Disposals | (746,868)
At 31 March 2025 | 2,485,053
Provision
Carrying amount
At 31 March 2025 | 2,485,053
At 31 March 2024 | 3,021,488

Aggregate financial information of associates

| 2025 £ | 2024 £

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Evesbatch Developments Limited | England | Ordinary | 100% | 100%
Associates
Martin Homes Buckingham Road Limited |  | Ordinary | 25% | 25%
| England |  |  |

Subsidiary undertakings
Evesbatch Developments Limited The principal activity of Evesbatch Developments Limited is property development. It was dormant for the whole year.

Evesbatch Leasing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Associates
Martin Homes Buckingham Road Limited The principal activity of Martin Homes Buckingham Road Limited is property development..

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | - | 9,065
Accruals and deferred income | 3,125 | 3,125
Other creditors | 2,994,848 | 2,994,847
| 2,997,973 | 3,007,037

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 31,500 | 31,500 | 31,500 | 31,500

8 | Related party transactions

Summary of transactions with other related parties

Shareholders and other related parties
During 2023 an interest free loan of £280,000 was advanced to Evesbatch Leasing Limited.
At the balance sheet date the amount due to shareholders was £1,532,350 (2024: £1,532,350).
In 2022 the company made a loan of £75,000 to Route2Work Limited a company which a director of Evesbatch Leasing Ltd is a director and shareholder of . The loan is unsecured. At the year end Evesbatch Leasing Limited was owed £200,000 (2024:£200,000).
Last year the company repaid an interest free loan of £119,615 from Wykeham Trust.At the year end £1,462,500 (2024:£1,462,500) was owed to Wykeham Trust.