Company No: 09847515 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director	C L A Slade
	B G B Slade (Resigned 04 November 2024)

Registered office	Springfield House
	Springfield Road
	Horsham
	RH12 2RG
	United Kingdom

Company number

09847515 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	400,000		337,601
		400,000		337,601
Current assets
Debtors	4	8,340		12,199
Cash at bank and in hand		186,893		137,423
		195,233		149,622
Creditors: amounts falling due within one year	5	( 382,127)		( 371,447)
Net current liabilities		(186,894)		(221,825)
Total assets less current liabilities		213,106		115,776
Provision for liabilities	6	( 11,633)		0
Net assets		201,473		115,776
Capital and reserves
Called-up share capital		2		2
Revaluation reserve	8	50,766		0
Profit and loss account		150,705		115,774
Total shareholder's funds		201,473		115,776

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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Hungers Field Limited (registered number: 09847515) were approved and authorised for issue by the Director on 24 November 2025. They were signed on its behalf by:

C L A Slade Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hungers Field Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, RH12 2RG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399(2A) of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the subsidiary qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Revenue is recognised in the period in which the rental services are provided to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		2

3. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	337,601
Fair value movement	62,399
As at 31 March 2025	400,000

Assumptions

The 2025 valuations were made by the director, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	337,601		337,601

4. Debtors

	2025		2024
	£		£
Trade debtors	2,317		6,176
Amounts owed by related parties (note 7)	6,023		6,023
	8,340		12,199

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	0		( 1)
Amounts owed to related parties (note 7)	358,382		338,300
Amounts owed to director (note 7)	362		14,795
Accruals and deferred income	11,809		14,472
Taxation and social security	11,574		3,881
	382,127		371,447

6. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	0		0
Charged to the Profit and Loss Account	( 11,633)		0
At the end of financial year	( 11,633)		0

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Revaluation of investment property	( 11,633)		0

7. Related party transactions

Transactions with related parties or connected persons

Amounts owed by related parties

	2025		2024
	£		£
Amounts owed by Wihte Ridge Estates	6,023		6,023

The above loan is interest free and repayable on demand.

Amounts owed to related parties

	2025		2024
	£		£
Amounts owed to Towerstile Ltd	336,081		338,300
Amounts owed to Jalet Property Services Ltd	22,301		0
	358,382		338,300

The above loans are interest free and repayable on demand.

Transactions with the entity’s director (or members of its governing body)

Amounts owed to director

	2025		2024
	£		£
C L A Slade	362		3,576
B G B Slade	0		11,219
	362		14,795

The above loans are interest free and repayable on demand.

8. Revaluation reserve

Revaluation reserve

The revaluation reserve represents the cumulative effect of revaluation gains net of deferred taxation. The reserve is non-distributable.

9. Ultimate controlling party

The ultimate controlling party are the Trustees of The Slade Family Settlement 2015 which owns 100% of the issued share capital of the company.