Company registration number 13121131 (England and Wales)
HOUSE ESTATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
HOUSE ESTATES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
HOUSE ESTATES LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HOUSE ESTATES LIMITED FOR THE YEAR ENDED 30 APRIL 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of House Estates Limited for the year ended 30 April 2025 set out on pages 2 to 10 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of House Estates Limited, as a body, in accordance with the terms of our engagement letter dated 23 August 2022. Our work has been undertaken solely to prepare for your approval the financial statements of House Estates Limited and state those matters that we have agreed to state to the b oard of d irectors of House Estates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than House Estates Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that House Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of House Estates Limited. You consider that House Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of House Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Spencer Gardner Dickins Limited
23 January 2026
Chartered Accountants
3 Coventry Innovation Village
Cheetah Road
Coventry
CV1 2TL
HOUSE ESTATES LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,262
4,000
Investment property
4
7,664,708
7,514,934
Investments
5
2,571,877
2,817,129
10,241,847
10,336,063
Current assets
Debtors
6
33,161
17,909
Cash at bank and in hand
738,832
415,829
771,993
433,738
Creditors: amounts falling due within one year
7
(39,856)
(42,433)
Net current assets
732,137
391,305
Total assets less current liabilities
10,973,984
10,727,368
Creditors: amounts falling due after more than one year
8
(8,105,735)
(8,185,735)
Provisions for liabilities
(928,510)
(913,803)
Net assets
1,939,739
1,627,830
Capital and reserves
Called up share capital
9
2
2
Non-distributable profits reserve
10
250,913
208,055
Distributable profit and loss reserves
1,688,824
1,419,773
Total equity
1,939,739
1,627,830

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

HOUSE ESTATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 23 January 2026 and are signed on its behalf by:
T J Prosser
K E Prosser
Director
Director
Company registration number 13121131 (England and Wales)
HOUSE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
1
Accounting policies
Company information

House Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Forge House, Birmingham Road, Wroxall, Warwick, CV35 7ND.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

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

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:

Fixtures and fittings
5 Year Straight Line
Computers
Enter depreciation rate via StatDB - cd198

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 or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries and associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

HOUSE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are

subsequently measured at fair value at each reporting date. Transaction costs are expensed to profit or

loss as incurred. Changes in fair value are recognised in the profit or loss. If fair value cannot be reliably

ascertained investments are stated at cost less impairment.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HOUSE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2024
5,000
Additions
3,393
At 30 April 2025
8,393
Depreciation and impairment
At 1 May 2024
1,000
Depreciation charged in the year
2,131
At 30 April 2025
3,131
Carrying amount
At 30 April 2025
5,262
At 30 April 2024
4,000
HOUSE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 7 -
4
Investment property
2025
£
Fair value
At 1 May 2024
7,514,934
Disposals
(9,740)
Revaluations
159,514
At 30 April 2025
7,664,708

The investment properties were valued on an open market basis on 30 April 2025 by the directors.

5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1,296,762
534,195
Other investments other than loans
1,275,115
2,282,934
2,571,877
2,817,129
Fixed asset investments revalued

Included in other investments other than loans are listed investments with market value of £787,115 (2024: £1,794,934). If the listed investments had not been revalued they would have been included at historical cost of £685,885 (2024: £1,591,755). Listed investments were valued on an open market basis on 30 April 2025 by Rothschild & Co .

Fixed asset investments not carried at market value

Shares in group undertakings are carried at cost.

Included in other investments other than loans are unlisted investments of £488,000 (2024: £488,000) that are carried at cost.

HOUSE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
5
Fixed asset investments
(Continued)
- 8 -
Movements in fixed asset investments
Shares in subsidiaries and associates
Other investments
Total
£
£
£
Cost or valuation
At 1 May 2024
534,195
2,282,934
2,817,129
Additions
762,567
34,366
796,933
Valuation changes
-
(101,950)
(101,950)
Disposals
-
(940,235)
(940,235)
At 30 April 2025
1,296,762
1,275,115
2,571,877
Carrying amount
At 30 April 2025
1,296,762
1,275,115
2,571,877
At 30 April 2024
534,195
2,282,934
2,817,129
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,093
-
0
Amounts owed by group undertakings
2
2
Other debtors
601
599
Prepayments and accrued income
29,465
17,308
33,161
17,909

Amounts due from group undertakings are unsecured, interest free and repayable on demand.

7
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
24,492
28,981
Other creditors
9,250
6,780
Accruals and deferred income
6,114
6,672
39,856
42,433
HOUSE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 9 -
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Amounts owed to group undertakings
8,105,735
8,185,735

Amounts due to group undertakings are unsecured, interest free and repayable on demand.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary H shares of £1 each
1
1
1
1
Ordinary I shares of £1 each
1
1
1
1
2
2
2
2
10
Non-distributable profits reserve
Restated
2025
2024
£
£
At the beginning of the year
208,055
173,197
Non distributable profits in the year
42,858
34,858
At the end of the year
250,913
208,055
11
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Dividends Paid
Dividends Received
2025
2024
2025
2024
£
£
£
£
Entities with control, joint control or significant influence over the company
230,000
-
-
-
Entities over which the entity has control, joint control or significant influence
-
-
33,000
75,500

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Key management personnel
156
1,784
HOUSE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
11
Related party transactions
(Continued)
- 10 -

The amount due to key management personnel is interest free and repayable on demand.

12
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Balances with directors bore interest at the rate of 2.25% per annum.

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Loan
2.25
-
820
14
(834)
-
-
820
14
(834)
-
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