The Inglewood Investment Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 00492903

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		37,289		38,672
Investment Properties	5		29,485,999		29,109,998
Investments	6		100,201		100,201

			29,623,489		29,248,871
CURRENT ASSETS
Debtors	7	4,056,681		3,727,270
Cash at bank and in hand		410,010		383,060

		4,466,691		4,110,330
Creditors: Amounts Falling Due Within One Year	8	(721,438 )		(723,859 )

NET CURRENT ASSETS (LIABILITIES)			3,745,253		3,386,471

TOTAL ASSETS LESS CURRENT LIABILITIES			33,368,742		32,635,342

Creditors: Amounts Falling Due After More Than One Year	9		(5,229,020 )		(4,500,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,368,679 )		(1,317,960 )

NET ASSETS			26,771,043		26,817,382

CAPITAL AND RESERVES
Called up share capital	10		87,700		87,700
Other reserves			10,478,381		10,537,697
Profit and Loss Account			16,204,962		16,191,985

SHAREHOLDERS' FUNDS			26,771,043		26,817,382

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The Inglewood Investment Company Limited

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M R Smith

Director

12 December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

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

2. Accounting Policies

2.1. Basis of Preparation of 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.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rental income

Rental income from operating leases net of any incentives given to lessees is recognised on a straight-line basis over the lease term.

Royalties receivable

Royalty income is recognised by reference to the mineral extraction at the balance sheet date. Extraction levels are measured by reference to the quarterly mineral statement prepared by external professional valuers.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Other income

Other income includes timber sales. Income from this source is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Plant & Machinery	25% on reducing balance
Fixtures & Fittings	25% or 15% on reducing balance

2.4. Investment Properties

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The investment properties were valued as at 31 March 2025 at a fair value of £28,721,000. The valuations were undertaken on 31 March 2025 by the directors with assistance from professional valuers with adjustments for additions and disposals during the year.

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The Inglewood Investment Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

2.6. Debtors and creditors receivable / payable within one year

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

2.7. Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

2.8.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. 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.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 10)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 April 2024	349,482	43,468	392,950
Additions	11,251	-	11,251
Disposals	-	(11,640 )	(11,640 )

As at 31 March 2025	360,733	31,828	392,561

Depreciation
As at 1 April 2024	315,874	38,404	354,278
Provided during the period	11,215	1,102	12,317
Disposals	-	(11,323 )	(11,323 )

As at 31 March 2025	327,089	28,183	355,272

...CONTINUED

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The Inglewood Investment Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	33,644	3,645	37,289

As at 1 April 2024	33,608	5,064	38,672

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	29,109,998
Additions	600,682
Disposals	(240,000 )
Revaluations	115,873
Transfers	(100,554 )

As at 31 March 2025	29,485,999

The historical cost of the investment property as at 31 March 2025 was £17,731,370 (2024 - £17,274,577)

All of the properties are rented out under operating leases.

Valuations are performed annually and the historical values are:

	£
Valuation in 2025	29,485,999
Valuation in 2024	29,110,000
Valuation in 2023	26,326,000
Valuation in 2022	25,276,020
Valuation in 2021	23,656,250

6. Investments

	Subsidiaries	Joint Ventures	Total
	£	£	£
Cost
As at 1 April 2024	200	100,001	100,201

As at 31 March 2025	200	100,001	100,201

Provision
As at 1 April 2024	-	-	-

As at 31 March 2025	-	-	-

Net Book Value
As at 31 March 2025	200	100,001	100,201

As at 1 April 2024	200	100,001	100,201

The historical cost of the interest in joint ventures as at 31 March 2025 was £100,001 (2024 - £100,001).

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The Inglewood Investment Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	510,765	346,281
Prepayments and accrued income	64,410	99,508
Other debtors	13,248	61,769
Amounts owed by group undertakings	1,434,977	1,485,775
Amounts owed by joint-ventures	2,033,281	1,733,937

	4,056,681	3,727,270

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	157,105	181,384
Other taxes and social security	68,571	82,596
VAT	100,376	82,498
Other creditors	75,334	65,759
Accruals and deferred income	320,052	311,622

	721,438	723,859

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	5,229,020	4,500,000

Bank loans totalling £5,229,020 (2023 - £4,500,000) are secured against the assets of the company.

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
87,700 Ordinary Shares of £ 1.00 each	87,700	87,700

11. Related Party Transactions

Joint venture companies in which The Inglewood Investment Company Limited has a participating interest in owed the company combined discounted aggregate loan amounts of £2,033,281 at the year end (2024 - £1,733,937).

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