REGISTERED NUMBER: 11658790 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ST VINCENTS ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms D M Radcliffe

Mr P C Jordan

REGISTERED OFFICE:

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

REGISTERED NUMBER:

11658790 (England and Wales)

ACCOUNTANTS:

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

FIXED ASSETS

Tangible assets

4

-

1,428

Investment property

5

1,400,000

1,400,000

1,400,000

1,401,428

CURRENT ASSETS

Debtors

6

23,726

77,845

Cash at bank

3,192

10,648

26,918

88,493

CREDITORS

Amounts falling due within one year

7

193,093

198,006

NET CURRENT LIABILITIES

(166,175

)

(109,513

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,233,825

1,291,915

CREDITORS

Amounts falling due after more than one year

8

(452,276

)

(516,664

)

PROVISIONS FOR LIABILITIES

10

(193,776

)

(193,776

)

NET ASSETS

587,773

581,475

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserves

581,326

581,326

Retained earnings

6,347

49

SHAREHOLDERS' FUNDS

587,773

581,475

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 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 and authorised for issue by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Ms D M Radcliffe - Director

1.	STATUTORY INFORMATION

St Vincents 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 as modified by the revaluation of certain assets.

The financial statements show a net current liability position at the balance sheet date. This position is due to loans from connected companies. The connected companies can legally demand repayment of these loans at anytime but will only seek repayment if the company has sufficient funds to do so. On this basis, the directors have prepared the financial statements on the going concern basis.

Turnover

Turnover represents rents receivable in the period net of Value Added Tax.

Tangible fixed assets

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

Improvements to property - 20% 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

to

property

£

COST

At 1 April 2024

and 31 March 2025

9,130

DEPRECIATION

At 1 April 2024

7,702

Charge for year

1,428

At 31 March 2025

9,130

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

1,428

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,400,000

NET BOOK VALUE

At 31 March 2025

1,400,000

At 31 March 2024

1,400,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

775,102

Cost

624,898

1,400,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

624,898

624,898

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

500

-

Other debtors

23,226

77,845

23,726

77,845

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

88,150

88,150

Trade creditors

58

6,064

Taxation and social security

1,900

302

Other creditors

102,985

103,490

193,093

198,006

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

452,276

516,664

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

540,426

604,814

The company's bank loans are secured by a first legal charge over the company's investment property, guarantee from St Vincents Retirement Home Limited and Wight Home Care Limited for £680,000 supported by debentures granted by these companies. Additionally, a director has provided a guarantee of £210,000 supported by a first legal charge over property owned by them personally.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

193,776

193,776

Deferred

tax

£

Balance at 1 April 2024

193,776

Balance at 31 March 2025

193,776

11.	RELATED PARTY DISCLOSURES

During the period the company received rent from connected companies totalling £89,003 (31.3.24: £80,004).

During the period the company paid management charges to a connected company totalling £12,000 (31.3.24: £Nil).

The aggregate amount owed to connected companies at the balance sheet date is £95,887 (31.3.24: £37,995).

The aggregate amount owed to the directors at the balance sheet date is £4,480 (31.3.24: £80).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms D M Radcliffe.