REGISTERED NUMBER: 12428722 (England and Wales)

GRAPHITE ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mr S J Brown

Mr B Hyden

REGISTERED OFFICE:

Endeavour House

7 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

REGISTERED NUMBER:

12428722 (England and Wales)

ACCOUNTANTS:

Candour Accounts Limited

Endeavour House

7 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

FIXED ASSETS

Tangible assets

4

1,139,374

931,272

CURRENT ASSETS

Debtors

5

3,107

9,564

Cash at bank

8,150

110,862

11,257

120,426

CREDITORS

Amounts falling due within one year

6

149,432

51,597

NET CURRENT (LIABILITIES)/ASSETS

(138,175

)

68,829

TOTAL ASSETS LESS CURRENT LIABILITIES

1,001,199

1,000,101

CREDITORS

Amounts falling due after more than one year

7

782,822

752,846

NET ASSETS

218,377

247,255

CAPITAL AND RESERVES

Called up share capital

9

100

100

Revaluation reserve

10

129,135

129,135

Retained earnings

89,142

118,020

SHAREHOLDERS' FUNDS

218,377

247,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:

Mr S J Brown - Director

1.	STATUTORY INFORMATION

Graphite Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The directors have chosen to extend the year end to 31 March this year to make year end co-terminus with the rest of the group. As a result the comparative figures are not entirely comparable.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment properties

-

Not depreciated

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Investment

Plant and

and

Computer

properties

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

926,500

283

6,080

-

932,863

Additions

208,377

-

-

1,377

209,754

At 31 March 2025

1,134,877

283

6,080

1,377

1,142,617

DEPRECIATION

At 1 April 2024

-

71

1,520

-

1,591

Charge for year

-

53

1,140

459

1,652

At 31 March 2025

-

124

2,660

459

3,243

NET BOOK VALUE

At 31 March 2025

1,134,877

159

3,420

918

1,139,374

At 31 March 2024

926,500

212

4,560

-

931,272

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

9,564

Other debtors

2,887

-

Prepayments and accrued income

220

-

3,107

9,564

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

591

4,664

Trade creditors

2,789

2,478

Amounts owed to group undertakings

144,223

12,512

Tax

(8,235

)

25,129

Directors' current accounts

7,464

4,414

Accruals and deferred income

2,600

2,400

149,432

51,597

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

782,822

652,846

Amounts owed to group undertakings

-

100,000

782,822

752,846

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

782,822

652,846

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

782,822

652,846

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

129,135

11.	RELATED PARTY DISCLOSURES

Graphite Partners Limited is a company in the same group as Graphite Estates Limited. At the year end the company owed Graphite Partners Limited £144,223 (2024 £12,512).

12.	ULTIMATE CONTROLLING PARTY

HB (No 1) Holdings Limited is deemed by the directors to be both the ultimate parent company and the ultimate controlling party. The registered office address for HB (No 1) Holdings Limited is: Endeavour House, 7 Enterprise Way, Pinchbeck, Spalding, Lincolnshire, PE11 3YR.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Graphite Estates Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Graphite Estates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graphite Estates Limited and state those matters that we have agreed to state to the Board of Directors of Graphite Estates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Graphite Estates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graphite Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Graphite Estates Limited. You consider that Graphite Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Graphite Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Candour Accounts Limited

Endeavour House

7 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

12 August 2025