Company No: 11669646 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,191,423		1,191,423
Investments	4	57,163,886		55,300,335
		58,355,309		56,491,758
Current assets
Debtors	5	1,650,803		1,533,737
Cash at bank and in hand		2,390,939		2,350,191
		4,041,742		3,883,928
Creditors: amounts falling due within one year	6	( 2,026,807)		( 523,403)
Net current assets		2,014,935		3,360,525
Total assets less current liabilities		60,370,244		59,852,283
Net assets		60,370,244		59,852,283
Capital and reserves
Called-up share capital		10,000		10,000
Share premium account		49,930,159		49,930,159
Profit and loss account		10,430,085		9,912,124
Total shareholder's funds		60,370,244		59,852,283

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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; 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 The Caledon Tyttenhanger Estate Limited (registered number: 11669646) were approved and authorised for issue by the Board of Directors on 08 December 2025. They were signed on its behalf by:

The Earl of Caledon 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

The Caledon Tyttenhanger Estate 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 Old Library Chambers, 21 Chipper Lane, Salisbury, Wiltshire , SP1 1BG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Group accounts exemption

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

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

Turnover represents rental income receivable for the year and is recognised on an accruals basis in accordance with the relevant rental agreements.

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 enacted or substantively enacted 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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

No depreciation is provided. Changes in fair value are recognised in the profit and loss account and subsequently transferred from the profit and loss account to the revaluation reserve in the statement of changes in equity.

Fixed asset investments

Listed investments are initially recognised at cost. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Investment property		Total
	£		£
Cost
At 01 April 2024	1,191,423		1,191,423
At 31 March 2025	1,191,423		1,191,423
Accumulated depreciation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	1,191,423		1,191,423
At 31 March 2024	1,191,423		1,191,423

The directors have considered the value as at 31 March 2025 and confirm there has been no material movement in the value during the year.

4. Fixed asset investments

	2025		2024
	£		£
Subsidiary undertakings	44,270,277		44,270,277
Participating interests	6,080,240		6,080,240
Other investments and loans	6,813,369		4,949,818
	57,163,886		55,300,335

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	44,270,277
At 31 March 2025	44,270,277
Carrying value at 31 March 2025	44,270,277
Carrying value at 31 March 2024	44,270,277

	Listed investments		Investments in associates		Other investments		Total
	£		£		£		£
Cost or valuation before impairment
At 01 April 2024	4,361,048		6,080,240		588,770		11,030,058
Additions	2,004,999		0		0		2,004,999
Movement in fair value	( 141,448)		0		0		( 141,448)
At 31 March 2025	6,224,599		6,080,240		588,770		12,893,609
Carrying value at 31 March 2025	6,224,599		6,080,240		588,770		12,893,609
Carrying value at 31 March 2024	4,361,048		6,080,240		588,770		11,030,058

Investments in shares

The following were investment in shares of the companies:

Name of entity	Registered office	Class of shares	Ownership 31.03.2025	Ownership 31.03.2024	Held
Tyttenhanger Limited	Old Library Chambers, 21 Chipper Lane, Salisbury, SP1 1BG	Ordinary	100.00%	100.00%	Direct
Bowmans Cross Limited	Old Library Chambers, 21 Chipper Lane, Salisbury, SP1 1BG	Ordinary	100.00%	100.00%	Direct
Caledon Estates Company	Estate Office, Caledon, Co Tyrone, BT68 4TU	Ordinary	37.86%	37.86%	Direct
Bowmans Leisure Limited	Fernwood House Fernwood Road, Jesmond, Newcastle Upon Tyne, NE2 1TJ	Ordinary	50.00%	50.00%	Indirect
Bowmans Farms Limited	Old Library Chambers, 21 Chipper Lane, Salisbury, SP1 1BG	Ordinary	100.00%	100.00%	Indirect
Willows Farm Day Nursery Limited	Willows Farm Village, Bowmansgreen Farm London Colney, St. Albans, Hertfordshire, AL2 1BB	Ordinary	25.00%	25.00%	Indirect

The capital and reserves and the profit/(loss) of the subsidiary undertakings was as follows:

	Capital and reserves at 2025	Profit/(loss) for the year ended 2025
	£	£
Tyttenhanger Limited	5,187,079	516,134
Bowmans Cross Limited	40,094,911	2,508,377
Caledon Estates Company	5,049,225	360,004
Bowmans Leisure Limited	10,588,743	(147,686)
Bowmans Farms Limited	429,006	(10,651)
Willows Farm Day Nursery Limited	337	(8,462)

5. Debtors

	2025		2024
	£		£
Trade debtors	3,420		10,405
Amounts owed by Group undertakings	450,000		450,000
Amounts owed by Parent undertakings	1,195,082		1,052,417
Deferred tax asset	0		20,825
VAT recoverable	2,301		90
	1,650,803		1,533,737

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	5,155		5,063
Amounts owed to own subsidiaries	1,995,915		495,915
Accruals and deferred income	25,737		22,425
	2,026,807		523,403