Registration number: 13981452

Manor Hill House Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

Manor Hill House Limited

Company Information

Directors

E K Moffett M Moffett

Registered office

Manor Hill Swan Lane Upton Warren Bromsgrove Worcestershire B61 9HE

Accountants

Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Manor Hill House Limited

(Registration number: 13981452)
Balance Sheet as at 31 December 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Intangible assets	4	20,757	21,848
Tangible assets	5	2,339,846	2,342,852
		2,360,603	2,364,700
Current assets
Stocks		35,359	31,497
Debtors	6	12,460	10,787
Cash at bank and in hand		6,116	3,949
		53,935	46,233
Creditors: Amounts falling due within one year	7	(789,045)	(902,405)
Net current liabilities		(735,110)	(856,172)
Total assets less current liabilities		1,625,493	1,508,528
Creditors: Amounts falling due after more than one year	7	(730,351)	(754,453)
Deferred tax liabilities	9	(139,350)	(147,607)
Net assets		755,792	606,468
Capital and reserves
Called up share capital	10	250,100	100
Revaluation reserve		376,850	384,367
Profit and loss account		128,842	222,001
Shareholders' funds		755,792	606,468

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 April 2026 and signed on its behalf by:
 

E K Moffett Director

M Moffett Director

Manor Hill House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Manor Hill
Swan Lane
Upton Warren
Bromsgrove
Worcestershire
B61 9HE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

In preparing these financial statements, management has exercised judgement in determining the appropriate accounting treatment for the company’s land and buildings. Specific judgement was required in applying the revaluation model, including assessing the suitability of the valuation methodology and determining the allocation of the fair value between the non‑depreciable land element and the depreciable buildings element. Management also exercised judgement in assessing whether the revaluation provides more relevant and reliable information for users of the financial statements.

Manor Hill House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Key sources of estimation uncertainty

The most significant source of estimation uncertainty arises from the valuation of the company’s land and buildings. Fair values are based on market evidence and professional judgement and therefore inherently involve estimation. The resulting carrying amounts, and the associated deferred tax balances, may differ from those that would be derived using alternative valuation inputs or assumptions. Estimates relating to the remaining useful economic life of the building component also involve uncertainty and may affect future depreciation charges.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Changes in accounting policy and prior period adjustment

During the year, the company undertook a review of the accounting treatment applied to its land and buildings. This review identified that depreciation had historically been calculated on the entire land and buildings balance, despite land being a non-depreciable asset under FRS 102. This represented a prior‑period error in accordance with FRS 102 Section 10. The error has been corrected retrospectively by removing depreciation previously charged on the land element, with the corresponding adjustment recognised through retained earnings.

At the same time, the directors resolved to adopt the revaluation model for land and buildings under FRS 102 Section 17. The directors consider this policy to provide more relevant and reliable information, given the significance of the property to the company’s financial position and the material changes in market values in recent years. Under the revised policy, land is carried at fair value and is not depreciated, whilst buildings are carried at fair value and depreciated over their remaining useful economic life of 50 years.

This change in accounting policy has been applied retrospectively. The property has been restated to its fair value at the start of the comparative period. The resulting revaluation surplus has been recognised in the revaluation reserve, net of the related deferred tax liability. Depreciation has been recalculated based solely on the building element, and historic over‑depreciation has been reversed through retained earnings.

Overall impact of the restatement
The combined effect of correcting the prior-period error and adopting the revaluation model is:

• an increase in the carrying amount of land and buildings from £1,611,416 to £2,123,635 (uplift £512,489);
• a reduction in depreciation from £79,108 to £20,907, a net reversal of £58,201 credited to retained earnings;
• deferred tax of £128,122 recognised on the fair value uplift; and
• an increase in retained earnings from £163,800 to £222,001.

Comparative figures and opening balances have been restated accordingly.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

Manor Hill House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tangible assets

Land and buildings are initially measured at cost and subsequently carried at revalued amounts in accordance with FRS 102 Section 17. Revalued amounts are the fair value of the asset at the date of revaluation, determined by a valuer with appropriate professional qualifications and recent experience in the location and class of property. Revaluations are performed with sufficient regularity to ensure that the carrying amount does not differ materially from fair value at the reporting date.

Land is not depreciated as it is considered to have an indefinite useful life. Buildings are depreciated on a straight‑line basis over their estimated remaining useful economic life.

Increases in fair value are recognised in other comprehensive income and accumulated in the revaluation reserve, except to the extent they reverse a previous revaluation decrease on the same asset recognised in profit or loss. Decreases in fair value are recognised in profit or loss to the extent that they exceed any existing revaluation surplus for the same asset.

When a revalued asset is disposed of, the balance on the revaluation reserve relating to that asset is transferred to retained earnings and is not recycled through profit or loss.
All other tangible assets are stated at cost, less accumulated depreciation and impairment losses.

The cost of tangible assets includes directly attributable costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the depreciable amount of an asset over its estimated useful life. Land is not depreciated. Buildings are depreciated on the revalued amount. Depreciation is calculated as follows:

Asset class	Depreciation method and rate
Land and buildings	Straight line over 50 years on buildings
Furniture, fittings and equipment	15% reducing balance
Horses	No depreciation provided

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.

Negative goodwill arising on an acquisition is recognised on the face of the balance sheet on the acquisition date and subsequently the excess up to the fair value of non-monetary assets acquired is recognised in profit or loss in the periods in which the non-monetary assets are recovered.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line over 20 years

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Manor Hill House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Manor Hill House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

	2025  No.	2024  No.
Average number of employees	27	28

Manor Hill House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4

Intangible assets

	Goodwill  £	Total £
Cost
At 1 January 2025	25,000	25,000
At 31 December 2025	25,000	25,000
Amortisation
At 1 January 2025	3,151	3,151
Amortisation charge	1,092	1,092
At 31 December 2025	4,243	4,243
Carrying amount
At 31 December 2025	20,757	20,757
At 31 December 2024	21,848	21,848

5

Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Horses £	Total £
Cost or valuation
At 1 January 2025	2,123,635	277,610	8,837	2,410,082
Additions	-	52,536	-	52,536
Disposals	-	(9,000)	-	(9,000)
At 31 December 2025	2,123,635	321,146	8,837	2,453,618
Depreciation
At 1 January 2025	20,907	46,323	-	67,230
Charge for the year	7,840	40,243	-	48,083
Eliminated on disposal	-	(1,541)	-	(1,541)
At 31 December 2025	28,747	85,025	-	113,772
Carrying amount
At 31 December 2025	2,094,888	236,121	8,837	2,339,846
At 31 December 2024	2,102,728	231,287	8,837	2,342,852

Revaluation of land and buildings
The company’s land and buildings were revalued to fair value on 15 February 2022 by an external independent valuer with appropriate professional qualifications and recent experience in the relevant property class. The valuation was carried out on an existing-use basis.

Historic cost equivalent
Had the land and buildings been carried under the cost model, the carrying amount at the reporting date would have been: Cost: £1,611,146, Accumulated depreciation: £21,230, Net book value under cost model: £1,589,916.

Manor Hill House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Debtors

	2025 £	2024 £
Trade debtors	3,000	-
Prepayments	2,000	5,500
Corporation tax asset	7,460	-
Other debtors	-	5,287
	12,460	10,787

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	691,449	797,030
Trade creditors		19,175	39,231
Social security and other taxes		29,420	-
Other creditors		2,403	6,136
Accrued expenses		30,560	46,071
Corporation tax liability		-	7,437
Deferred income		16,038	6,500
		789,045	902,405