Hampshire County Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02787076 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Hampshire County Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N A Faulkner FRICS

REGISTERED OFFICE:

Adventure

Hewshott Lane

Liphook

Hampshire

GU30 7SU

REGISTERED NUMBER:

02787076 (England and Wales)

ACCOUNTANTS:

A J Wheeler Limited

338 London Road

Portsmouth

Hampshire

PO2 9JY

FIXED ASSETS

Tangible assets

4

1,845,702

1,846,553

Investments

5

1,824,884

1,744,110

3,670,586

3,590,663

CURRENT ASSETS

Debtors

6

62,233

139,511

Cash at bank

17,155

5,163

79,388

144,674

CREDITORS

Amounts falling due within one year

7

86,846

56,627

NET CURRENT (LIABILITIES)/ASSETS

(7,458

)

88,047

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,663,128

3,678,710

CREDITORS

Amounts falling due after more than one year

8

1,903,157

1,756,037

NET ASSETS

1,759,971

1,922,673

CAPITAL AND RESERVES

Called up share capital

201,000

Revaluation reserve

10

1,648,032

Retained earnings

(89,061

)

73,641

SHAREHOLDERS' FUNDS

1,759,971

1,922,673

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 31 December 2025 and were signed by:

N A Faulkner FRICS - Director

1.	STATUTORY INFORMATION

Hampshire County Estates 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.

Preparation of consolidated financial statements

The financial statements contain information about Hampshire County Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

1,844,849

40,150

2,554

1,887,553

DEPRECIATION

At 1 April 2024

-

40,149

851

41,000

Charge for year

-

851

At 31 March 2025

-

40,149

1,702

41,851

NET BOOK VALUE

At 31 March 2025

1,844,849

1

852

1,845,702

At 31 March 2024

1,844,849

1

1,703

1,846,553

Little Park Farm was originally purchased in 2016 and the director has revalued this for current market values.

Following a review of the ground rental portfolio it was established that a number of blocks were due for review. These ground rents have been duly reviewed in accordance with the lease terms and revalued to reflect current market conditions.

Following the successful disposal of a number of private residential housing estates, clearly reflected in the increased turnover for the year, the director has revalued the remaining assets in line with market conditions.

5.	FIXED ASSET INVESTMENTS

During the year the company held all the share capital in the following small, close, limited companies:

Steadfast Management Limited

Marlborough House Developments Limited

The Gardens Office Village Limited

Giorgia Limited

Cave Canem Limited

Trois Tours Limited

Limbarni Limited

The Directors Academy Limited

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

29,984

28,916

Other debtors

32,249

110,595

62,233

139,511

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

5,092

7,705

Taxation and social security

32

22

Other creditors

81,722

48,900

86,846

56,627

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Other creditors

1,903,157

1,756,037

9.	SECURED DEBTS

A legal charge was created on 5 July 2007 and delivered on 6 July 2007 in favour of Mrs E M Faulkner and Mr J M Faulkner.

Charge code 0278 7076 0011 was created on 16 June 2015 and delivered 25 June 2015 in favour of Mrs E M Faulkner and Mr J M Faulkner.

Charge code 0278 7076 0012 was created on 21 March 2016 and delivered on 24 March 2016 in favour of Lloyds Bank plc.

Charge code 0278 7076 0013 was created on 1 July 2016 and delivered 12 July 2016 n favour of Mrs E M Faulkner and Mr J M Faulkner.

Charge code 0278 7076 0014 was created on 1 July 2016 and delivered on 12 July 2016 in favour of Lloyds Bank plc.

Charge code 0278 7076 0015 was created on 8 November 2016 and delivered on 11 November 2016 n favour of Mrs E M Faulkner and Mr J M Faulkner.

Charge code 0278 7076 0016 was created on 8 November 2016 and delivered on 11 November 2016 n favour of Mrs E M Faulkner and Mr J M Faulkner.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

1,648,032

11.	CONTINGENT LIABILITIES

A pension is paid to, Mr J A Faulker and Mrs E M Faulkner, the former full time working shareholders as part of the sale of their business interest in the company. On review it is expected that the company will need to pay a further £100,000 as part of the retirement deed conditions.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is N A Faulkner FRICS.