Hergest Navigation Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 10206045

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		684		798

			684		798
CURRENT ASSETS
Stocks	6	1,185		1,033
Cash at bank and in hand		172		168

		1,357		1,201
Creditors: Amounts Falling Due Within One Year	7	(15,094 )		(13,671 )

NET CURRENT ASSETS (LIABILITIES)			(13,737 )		(12,470 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(13,053 )		(11,672 )

NET LIABILITIES			(13,053 )		(11,672 )

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			(13,055 )		(11,674 )

SHAREHOLDERS' FUNDS			(13,053)		(11,672)

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 A Riley

Director

14 December 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Hergest Navigation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10206045 . The registered office is Gibson House Hurricane Court, Hurricane Close, Stafford, ST16 1GZ.

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. Going Concern Disclosure

As at 31 March 2025 the company had net liabilities of £13,053 and is reliant on the support of the director. The diretor has indicated that he will not withdraw his support of the company for at least the next twelve months.

2.3. 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:

Sale of goods

Turnover from the sale of books and maps is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually on dispatch of the goods.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at costs. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software and website development costs will be amortised over a period of 10 years from the date in which the website is brought into use.

2.5. 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

3 Year straight line

2.6. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

2.7. 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.

2.8. 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.

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Hergest Navigation Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	1,140

As at 31 March 2025	1,140

Amortisation
As at 1 April 2024	342
Provided during the period	114

As at 31 March 2025	456

Net Book Value
As at 31 March 2025	684

As at 1 April 2024	798

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	125

As at 31 March 2025	125

Depreciation
As at 1 April 2024	125

As at 31 March 2025	125

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

6. Stocks

	2025	2024
	£	£
Finished goods	1,185	1,033

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Accruals and deferred income	762	751
Directors' loan accounts	14,332	12,920

	15,094	13,671

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Hergest Navigation Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

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