Company registration number 01816248 (England and Wales)
HAMMOND GRANGE LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
HAMMOND GRANGE LIMITED
COMPANY INFORMATION
Directors
W T Lander
B J Lander
Secretary
B J Lander
Company number
01816248
Registered office
21 Manor Road
Oadby
Leicester
LE2 2LL
Accountants
Newby Castleman LLP
West Walk Building
110 Regent Road
Leicester
LE1 7LT
Business address
21 Manor Road
Oadby
Leicester
LE2 2LL
HAMMOND GRANGE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
HAMMOND GRANGE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
342,489
386,798
Investment properties
4
64,152,365
59,120,569
64,494,854
59,507,367
Current assets
Debtors
5
39,605
73,231
Cash at bank and in hand
2,865,726
3,415,147
2,905,331
3,488,378
Creditors: amounts falling due within one year
6
(1,529,594)
(1,113,957)
Net current assets
1,375,737
2,374,421
Total assets less current liabilities
65,870,591
61,881,788
Provisions for liabilities
(3,764,441)
(3,324,798)
Net assets
62,106,150
58,556,990
Capital and reserves
Called up share capital
7
100
100
Revaluation reserve
8
20,715,702
19,424,780
Profit and loss reserves
41,390,348
39,132,110
Total equity
62,106,150
58,556,990

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 14 November 2025 and are signed on its behalf by:
W T Lander
Director
Company Registration No. 01816248
HAMMOND GRANGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Hammond Grange Limited is a private company limited by shares incorporated in England and Wales. The registered office is 21 Manor Road, Oadby, Leicester, LE2 2LL.

1.1
Basis of preparation

These financial statements have been prepared in accordance with applicable accounting standards including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable, and is shown net of VAT. Turnover comprises rent receivable from investment properties and is recognised on a receivable basis.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% per annum of net book value
Motor vehicles
25% per annum of net book value
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.5
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HAMMOND GRANGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

1.7
Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
HAMMOND GRANGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
844,514
Additions
58,632
Disposals
(63,380)
At 31 March 2025
839,766
Depreciation and impairment
At 1 April 2024
457,716
Depreciation charged in the year
96,596
Eliminated in respect of disposals
(57,035)
At 31 March 2025
497,277
Carrying amount
At 31 March 2025
342,489
At 31 March 2024
386,798
4
Investment property
2025
£
Fair value
At 1 April 2024
59,120,569
Additions
3,304,056
Revaluations
1,727,740
At 31 March 2025
64,152,365

The investment properties have been valued on a fair value basis by the directors. On a historical cost basis these properties would have been included at an original cost of £39,956,281 (2024: £36,652,224).

5
Debtors
2025
2024
Amounts falling due within one year
£
£
Trade debtors
16,122
5,094
Other debtors
17,348
64,795
Prepayments and accrued income
6,135
3,342
39,605
73,231
HAMMOND GRANGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
852,753
546,544
Other taxation and social security
103,388
24,091
Other creditors
555,033
525,427
Accruals and deferred income
18,420
17,895
1,529,594
1,113,957
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Revaluation reserve

The revaluation reserve comprises revaluation surpluses for certain investment properties net of associated deferred tax on these surpluses.

9
Directors' transactions

Dividends totalling £300,000 (2024 - £200,000) were paid in the year in respect of shares held by the company's directors.

Creditors falling due within one year include a director's current account balance of £1,614 (2024 - £11,132).

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Director
-
(11,132)
309,584
(300,066)
(1,614)
(11,132)
309,584
(300,066)
(1,614)
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