REGISTERED NUMBER: 08791092 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BLACKMEAD NATURE SERVICES LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

Directors:

R O G Guest

H J Hansen

M J Aitchison

Registered office:

C/O Foresight Group LLP

The Shard

32 London Bridge Street

London

SE1 9SG

Registered number:

08791092 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

Principal activity

The principal activity of the company was changed to the ownership of an estate for forestry and holiday accommodation in the year.

Directors

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

R O G Guest

J Elsworth

Other changes in directors holding office are as follows:

H J Hansen - appointed 1 May 2024

M J Aitchison was appointed as a director after 31 March 2025 but prior to the date of this report.

J Elsworth ceased to be a director after 31 March 2025 but prior to the date of this report.

Going concern

These accounts have been prepared on a going concern basis. The directors believe that this basis is appropriate following consideration of cash flow forecasts which show that the Company is able to meet its liabilities as they fall due.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:

H J Hansen - Director

12 December 2025

Turnover

10,840

25,131

Cost of sales

(244,386

)

(113,104

)

Gross loss

(233,546

)

(87,973

)

Administrative expenses

(295,605

)

(199,973

)

(529,151

)

(287,946

)

Gain/loss on revaluation of tangible assets

(2,121,111

)

-

Operating loss

4

(2,650,262

)

(287,946

)

Gain/loss on revaluation of tangible assets

-

(610,349

)

Loss before taxation

(2,650,262

)

(898,295

)

Tax on loss

5

-

-

Loss for the financial year

(2,650,262

)

(898,295

)

Fixed assets

Tangible assets

6

13,519,637

15,429,411

Current assets

Debtors

7

79,331

286,431

Cash at bank

20,593

480,275

99,924

766,706

Creditors

Amounts falling due within one year

8

(17,295,184

)

(17,221,478

)

Net current liabilities

(17,195,260

)

(16,454,772

)

Total assets less current liabilities

(3,675,623

)

(1,025,361

)

Capital and reserves

Called up share capital

20,000

20,000

Retained earnings

(3,695,623

)

(1,045,361

)

(3,675,623

)

(1,025,361

)

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 in accordance with the provisions applicable to companies subject to the small companies regime.

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

H J Hansen - Director

1.	Statutory information

Blackmead Nature Services 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Not depreciated

Legal fees 2.5% straight line

Woodlands, land and buildings are not depreciated but are reviewed by the directors for impairment at each balance sheet date and any adjustment is written off the profit and loss account.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and 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.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Operating loss

The operating loss is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

8,949

4,750

5.

Taxation

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.25

31.3.24

£

£

Loss before tax

(2,650,262

)

(898,295

)

Loss multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

(662,566

)

(224,574

)

Effects of:

Expenses not deductible for tax purposes

639,310

208,127

Income not taxable for tax purposes

-

(6,283

)

Effects of group relief/ other reliefs

23,256

22,797

Deferred tax not provided

-

(67

)

Total tax charge

-

-

6.	Tangible fixed assets

Tangible fixed assets

Land

Buildings

Motor Vehicles

Legal fees

Total

Cost

£

£

£

£

£

as at 01/04/2024

12,865,000

2,381,536

-

190,000

,15,436,536

Additions

442,292

-

27,995

-

470,287

Revaluation in the year

(2,121,112

)

,

-

(2,121,112

)

Disposal

-

(250,000

)

-

-

(250,000

)

Total cost

11,186,180

2,131,536

27,995

190,000

13,535,711

Depreciation

as at 01/04/2023

-

-

-

(7,125

)

(7,125

)

Charge for the year

-

-

(4,199

(4,750

)

(8,949

)

Total depreciation

-

-

(4,199

(11,875

)

(16,074

)

Net book value

As at 31 March 2025

11,186,179

2,131,536

23,796

178,125

13,519,637

As at 31 March 2024

12,865,000

2,381,536

-

182,625

15,429,411

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2024

(610,349

)

Valuation in 2025

(2,121,112

)

Cost

16,267,172

13,535,711

7.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Other debtors

53,148

279,573

VAT

26,183

6,858

79,331

286,431

8.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade creditors

12,230

16,527

Amounts owed to group undertakings

17,265,566

17,080,000

Tax

(13,435

)

75,958

Other creditors

(11,396

)

-

Accruals and deferred income

(6,774

)

-

Accrued expenses

48,993

48,993

17,295,184

17,221,478

9.	Related party disclosures

Blackmead Nature Services Limited is a wholly owned subsidiary of Blackmead Infrastructure Limited. At the beginning of the year, there was a new loan of £17,080,000 from Blackmead Infrastructure Limited to Blackmead Nature Services Limited, of which all was outstanding at the year end.

10.	Ultimate controlling party

In the opinion of the directors, the immediate parent company is Blackmead Infrastructure Limited, with the ultimate controlling party being Averon Park Limited.