REGISTERED NUMBER: 03336800 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2025

FOR

NS ESTATES (SOUTHERN) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S A Vince

N J Vince

SECRETARY:

Ms S A Vince

REGISTERED OFFICE:

Sutton Court Farm

Barlavington Lane

Sutton

Pulborough

West Sussex

RH20 1PN

REGISTERED NUMBER:

03336800 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

355,394

372,391

Investments

4

79,609

58,870

Investment property

5

11,471,130

11,510,649

11,906,133

11,941,910

CURRENT ASSETS

Debtors

6

2,646,023

2,570,919

Cash at bank

22,568

29,898

2,668,591

2,600,817

CREDITORS

Amounts falling due within one year

7

966,454

798,807

NET CURRENT ASSETS

1,702,137

1,802,010

TOTAL ASSETS LESS CURRENT LIABILITIES

13,608,270

13,743,920

CREDITORS

Amounts falling due after more than one year

8

(4,661,041

)

(4,624,438

)

PROVISIONS FOR LIABILITIES

(1,410,573

)

(1,440,715

)

NET ASSETS

7,536,656

7,678,767

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

10

5,897,804

5,956,109

Retained earnings

1,638,851

1,722,657

SHAREHOLDERS' FUNDS

7,536,656

7,678,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 23 December 2025 and were signed on its behalf by:

N J Vince - 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.

Turnover

Turnover represents the following types of income

- Rental income

- Income from the sale of properties

All income is recognised on a receivable basis.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 31 March 2024

303,745

227,271

68,815

Additions

2,487

-

-

At 30 March 2025

306,232

227,271

68,815

DEPRECIATION

At 31 March 2024

-

219,739

13,877

Charge for year

-

1,658

17,204

At 30 March 2025

-

221,397

31,081

NET BOOK VALUE

At 30 March 2025

306,232

5,874

37,734

At 30 March 2024

303,745

7,532

54,938

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 31 March 2024

14,147

663

614,641

Additions

-

-

2,487

At 30 March 2025

14,147

663

617,128

DEPRECIATION

At 31 March 2024

7,971

663

242,250

Charge for year

622

-

19,484

At 30 March 2025

8,593

663

261,734

NET BOOK VALUE

At 30 March 2025

5,554

-

355,394

At 30 March 2024

6,176

-

372,391

4.	FIXED ASSET INVESTMENTS

Other

investment

£

COST OR VALUATION

At 31 March 2024

58,870

Additions

6,831

Revaluations

13,908

At 30 March 2025

79,609

NET BOOK VALUE

At 30 March 2025

79,609

At 30 March 2024

58,870

Cost or valuation at 30 March 2025 is represented by:

Other

investment

£

Valuation in 2020

54,820

Valuation in 2021

(16,450

)

Valuation in 2022

4,833

Valuation in 2023

15,667

Valuation in 2024

6,831

Valuation in 2025

13,908

79,609

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

11,510,649

Additions

58,958

Revaluations

(98,477

)

At 30 March 2025

11,471,130

NET BOOK VALUE

At 30 March 2025

11,471,130

At 30 March 2024

11,510,649

Fair value at 30 March 2025 is represented by:

£

Valuation in 2020

7,015,266

Valuation in 2022

(185,000

)

Valuation in 2024

548,087

Valuation in 2025

(98,477

)

Cost

4,191,254

11,471,130

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

17,414

1,695

Other debtors

2,628,609

2,569,224

2,646,023

2,570,919

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,478

26,009

Trade creditors

1,355

2,586

Tax

-

151

VAT

1,215

341

Other creditors

842,343

345,883

Directors' loan accounts

80,742

403,934

Accruals and deferred income

10,551

9,552

Accrued expenses

10,770

10,351

966,454

798,807

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

18,325

20,551

Bank loans - 2-5 years

54,976

64,645

Bank loans more 5 yr

4,587,740

4,539,242

4,661,041

4,624,438

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr

4,587,740

4,539,242

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

4,680,519

4,650,447

Security for bank loans is in the form of a legal charge over the freehold and leasehold properties owned by the company at the year end.

10.

RESERVES

Revaluatio

reserve

£

At 31 March 2024

5,956,109

Revaluation in year

(58,305

)

At 30 March 2025

5,897,804

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, N Vince decreased his loan to the company. As at 30 March 2025, the company owed him £80,742 (2024: £403,934). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

12.	RELATED PARTY DISCLOSURES

Companies under common control

Amount due from

Amount due to

£

£

Opening balance

2,569,224

345,681

Amounts advanced

373,307

567,914

Amounts repaid

-316,461

-71,455

Closing balance

2,626,070

842,140

These balances are included in debtors and creditors respectively.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N J Vince.

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