Company No: 01239862 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	928,181		948,278
		928,181		948,278
Current assets
Debtors	4	123,298		135,049
Cash at bank and in hand		0		690
		123,298		135,739
Creditors: amounts falling due within one year	5	( 57,450)		( 61,606)
Net current assets		65,848		74,133
Total assets less current liabilities		994,029		1,022,411
Creditors: amounts falling due after more than one year	6	( 18,829)		( 35,095)
Provision for liabilities		( 1,442)		0
Net assets		973,758		987,316
Capital and reserves
Called-up share capital		100		100
Profit and loss account		973,658		987,216
Total shareholder's funds		973,758		987,316

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Hemyock Products Limited (registered number: 01239862) were approved and authorised for issue by the Board of Directors on 22 April 2026. They were signed on its behalf by:

P G Brooke Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hemyock Products Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Stonehayes Farm, Combe Raleigh, Nr Honiton, EX14 4UG, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

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

Turnover is recognised in the period of occupation of the holiday let properties by the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Other operating income

Other operating income comprises management charges receivable on a property owned by a separate entity. Income is stated at the fair value of the consideration received or receivable and is presented net of VAT and other sales‑related taxes.

Income is recognised on an accruals basis in the period in which the related costs are incurred, with any income invoiced after the year end included within prepayments and accrued income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	45 - 50 years straight line
Plant and machinery etc.	10 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 August 2024	1,013,568		47,829		1,061,397
At 31 July 2025	1,013,568		47,829		1,061,397
Accumulated depreciation
At 01 August 2024	84,793		28,326		113,119
Charge for the financial year	15,404		4,693		20,097
At 31 July 2025	100,197		33,019		133,216
Net book value
At 31 July 2025	913,371		14,810		928,181
At 31 July 2024	928,775		19,503		948,278

4. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	43,800		109,801
Other debtors	79,498		25,248
	123,298		135,049

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts (secured)	36,405		23,674
Trade creditors	4,689		2,896
Other taxation and social security	6,616		610
Other creditors	9,740		34,426
	57,450		61,606

Creditors due within one year include bank loans and overdrafts, which are secured by charges over all the company’s assets and undertakings, including the freehold land and holiday let properties

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	18,829		35,095

7. Related party transactions

Transactions with the entity's directors

Advances

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 August 2024, the balance owed by the director was £nil. During the year, £52,344 was advanced to the director, and £31,064 was repaid by the director. At 31 July 2025, the balance owed by the director was £21,280.

At 1 August 2023, the balance owed by the director was £781. During the year, £12,474 was advanced to the director, and £13,255 was repaid by the director. At 31 July 2024, the balance owed by the director was £nil.