REGISTERED NUMBER: 09876242 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HILL OF THE HERMITAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Dixon

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

09876242 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Investments

3

62,774,936

51,935,956

CURRENT ASSETS

Debtors

4

268,855

-

Cash at bank

35,075,974

32,713,834

35,344,829

32,713,834

CREDITORS

Amounts falling due within one year

5

(10,004,710

)

(17,263,558

)

NET CURRENT ASSETS

25,340,119

15,450,276

TOTAL ASSETS LESS CURRENT LIABILITIES

88,115,055

67,386,232

CAPITAL AND RESERVES

Called up share capital

41,660,000

41,660,000

Fair value reserve

6

23,742,996

13,820,330

Retained earnings

22,712,059

11,905,902

88,115,055

67,386,232

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 director acknowledges his 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 director and authorised for issue on 16 December 2025 and were signed by:

A Dixon - Director

1.	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 as modified by the revaluation of certain assets.

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 balance sheet date.

Deferred tax

Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

Other income

Other income represents the recognised gains on the sale of investments during the year, dividends and interest due from the investments held. Income is recognised when the investment has been fully disposed of or when the other income has been received.

Fixed asset investments

Fixed asset investments are made up of holdings in various trusts and companies. These are recognised initially at cost and are revalued at the balance sheet date to the ascertainable market value.

The movements, due to market value, are taken to the revaluation reserve. Decreases in market value are taken to the revaluation reserve to the extent at which previous increased valuations are available.

Any impairments below the original cost of the investment are taken through the profit and loss account.

2.	EMPLOYEES AND DIRECTORS

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

3.	FIXED ASSET INVESTMENTS

Other

investment

£

COST OR VALUATION

At 1 April 2024

51,935,956

Additions

804,522

Disposals

(13,050

)

Revaluations

10,047,508

At 31 March 2025

62,774,936

NET BOOK VALUE

At 31 March 2025

62,774,936

At 31 March 2024

51,935,956

Cost or valuation at 31 March 2025 is represented by:

Other

investment

£

Valuation in 2018

518,910

Valuation in 2019

2,134,962

Valuation in 2020

(2,304,176

)

Valuation in 2021

6,191,632

Valuation in 2022

1,326,073

Valuation in 2023

(2,255,249

)

Valuation in 2024

2,435,947

Valuation in 2025

15,608,229

Cost

39,118,608

62,774,936

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

268,855

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

-

(150,307

)

Other creditors

10,000,000

10,000,000

Directors' current accounts

-

7,409,365

Accrued expenses

4,710

4,500

10,004,710

17,263,558

6.

RESERVES

Fair

value

reserve

£

At 1 April 2024

13,820,330

Retained earnings transfer

9,922,666

At 31 March 2025

23,742,996

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, A Dixon reduced his loan to the company. As at 31 March 2025, the company owed him £nil (2024: £7,409,365). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Dixon.

This was by virtue of his 100% holding of the issued share capital.