REGISTERED NUMBER: 02337170 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

HENLOW LAKES & RIVERSIDE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D C Curson

Mrs A P Curson

C D Curson

P M Curson

C A Rushton

SECRETARY:

Mrs A P Curson

REGISTERED OFFICE:

Croft Chambers

11 Bancroft

Hitchin

Herts

SG5 1JQ

REGISTERED NUMBER:

02337170 (England and Wales)

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Tangible assets

4

7,465,890

6,457,215

Investment property

5

279,804

279,804

7,745,694

6,737,019

CURRENT ASSETS

Stocks

39,953

105,310

Debtors

6

75,138

42,236

Cash at bank and in hand

572,570

253,822

687,661

401,368

CREDITORS

Amounts falling due within one year

7

3,649,530

3,478,298

NET CURRENT LIABILITIES

(2,961,869

)

(3,076,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,783,825

3,660,089

CREDITORS

Amounts falling due after more than one year

8

(2,579,822

)

(1,685,590

)

PROVISIONS FOR LIABILITIES

(522,947

)

(517,764

)

NET ASSETS

1,681,056

1,456,735

CAPITAL AND RESERVES

Called up share capital

100

100

Fixed asset revaluation

reserve

11

342,583

342,583

Profit and loss account -

non-distributable

31,070

31,070

Retained earnings

1,307,303

1,082,982

SHAREHOLDERS' FUNDS

1,681,056

1,456,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 by the Board of Directors and authorised for issue on 8 May 2026 and were signed on its behalf by:

P M Curson - Director

C D Curson - Director

1.	STATUTORY INFORMATION

Henlow Lakes & Riverside 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 company owns land at Arlesey Road, Henlow, Bedfordshire. Considerable improvements have been made to the site since opening in May 2005 and the directors continue to pursue various options for the further enhancement of the facilities offered.

The enhancement expenditure incurred by the company on the site has, and will continue to require, ongoing financial support from its fellow subsidiary companies and directors.The directors consider it appropriate to prepare the financial statements on a going concern basis which assumes the continuation of this financial support.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of VAT and discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on delivery of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised over the time period to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures, fittings and equipment

-

20% on cost and Straight line over 15 years

Fencing

-

10% on cost

Motor vehicles

-

25% on reducing balance

Fish

-

Not depreciated

Fish stocks are established and future breeding and growth will outweigh losses therefore any depreciation will be minimal.

The camping pods, cabins and lodges, gates, toilet & shower blocks which in view of their short useful lives are being depreciated on a straight line basis (camping pods - 15 years, cabins and lodges - 20 years and gates, toilet and shower blocks - 10 years),

Improvements to property have been depreciated over their estimated useful life of 15 years. Land and Buildings have not been depreciated.

Investment property

Investment properties are initially recognised at cost. The completed and let properties are shown at their most recent valuation. Any surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 26 (2024 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Land,

Fixtures,

buildings

fittings

and

and

infrastructure

equipment

Fencing

£

£

£

COST OR VALUATION

At 1 October 2024

6,165,934

395,554

34,710

Additions

1,019,806

16,074

-

At 30 September 2025

7,185,740

411,628

34,710

DEPRECIATION

At 1 October 2024

-

185,492

32,948

Charge for year

-

26,280

607

At 30 September 2025

-

211,772

33,555

NET BOOK VALUE

At 30 September 2025

7,185,740

199,856

1,155

At 30 September 2024

6,165,934

210,062

1,762

Motor

vehicles

Fish

Totals

£

£

£

COST OR VALUATION

At 1 October 2024

40,635

65,000

6,701,833

Additions

3,400

-

1,039,280

At 30 September 2025

44,035

65,000

7,741,113

DEPRECIATION

At 1 October 2024

26,178

-

244,618

Charge for year

3,718

-

30,605

At 30 September 2025

29,896

-

275,223

NET BOOK VALUE

At 30 September 2025

14,139

65,000

7,465,890

At 30 September 2024

14,457

65,000

6,457,215

Cost or valuation at 30 September 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2011

-

2,970

2,970

Valuation in 2012

59,185

12,500

71,685

Valuation in 2013

2,281

9,550

11,831

Valuation in 2014

37,317

2,800

40,117

Valuation in 2015

-

17,000

17,000

Valuation in 2016

-

5,000

5,000

Valuation in 2017

-

4,500

4,500

Valuation in 2018

-

5,000

5,000

Cost

7,042,688

496,053

7,538,741

7,141,471

555,373

7,696,844

If the fish had not been revalued they would have been included at the following historical cost:

30.9.25

30.9.24

£

£

Cost

5,680

5,680

The fish were valued on an open market basis on 30 September 2019 by the directors .

If the land, buildings and infrastructure had not been revalued they would have been included at the following historical cost:

30.09.24

30.09.23

£

£

Cost

6,022,882

5,497,853

Aggregate depreciation

0

0

On 30 June 2020, the site was professionally valued by Colliers International Property Advisors UK LLP at £3,600,000. The value at 30 September 2023 comprises the valuation of £1,350,000, as valued at 30 September 2014, together with the cost of further improvements less depreciation.

Professional valuations of such assets are, of necessity, based upon the trading performance achieved. Due to the ongoing continued development of the site the expenditure has to be first incurred and the trading from the enhanced facilities developed before the value is fully reflected in a professional valuation.

The directors are of the view that the carrying value of this asset at 30 September 2023 fairly reflects the fair value of the asset.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 October 2024

and 30 September 2025

36,120

DEPRECIATION

At 1 October 2024

9,632

Charge for year

2,408

At 30 September 2025

12,040

NET BOOK VALUE

At 30 September 2025

24,080

At 30 September 2024

26,488

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

279,804

NET BOOK VALUE

At 30 September 2025

279,804

At 30 September 2024

279,804

Fair value at 30 September 2025 is represented by:

£

Valuation in 2017

38,358

Cost

241,446

279,804

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

26,529

9,271

Prepayments

48,609

32,965

75,138

42,236

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

120,000

120,000

Hire purchase contracts (see note 9)

-

5,160

Trade creditors

36,679

159,529

Amounts owed to group undertakings

2,470,700

2,140,856

Tax

79,792

51,337

Pension liability

2,053

1,878

VAT

29,377

59,567

Other creditors

25,155

25,615

Family funding loans

7,806

7,806

Directors' current accounts

687,259

727,259

Accruals and deferred income

178,382

179,291

Accrued expenses

12,327

-

3,649,530

3,478,298

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans - 1-2 years

120,000

120,000

Bank loans - 2-5 years

360,000

360,000

Bank loans more 5 yr by instal

2,099,822

1,200,000

Hire purchase contracts (see note 9)

-

5,590

2,579,822

1,685,590

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,099,822

1,200,000

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.9.25

30.9.24

£

£

Net obligations repayable:

Within one year

-

5,160

Between one and five years

-

5,590

-

10,750

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loans

2,699,822

1,800,000

Hire purchase contracts

-

10,750

2,699,822

1,810,750

The company's bankers hold a charge over the company's land and buildings and a debenture over the assets and undertakings of the company. Personal guarantees have also been given by the company's directors.

11.

RESERVES

Fixed

asset

revaluation

reserve

£

At 1 October 2024

and 30 September 2025

342,583

12.	RELATED PARTY DISCLOSURES

The controlling shareholders of Henlow Lakes & Riverside Limited are Mr and Mrs D Curson. The following are related party transactions:-

30.9.2025

30.09.2024

£

£

1. Amounts loaned to the company by the Curson Family as directors and shareholders:-

Loan balances b/fwd

727,217

691,217

Loan balances c/fwd

687,217

727,217

2. Transactions with Linxcroft Developments Limited & Henlow Building Supplies Limited, which

are fellow subsidiaries:-

a)Debtors

-

-

b)Creditors

2,470,699

2,140,856

3. The directors D Curson, C Curson and P Curson have given the company's bankers a guarantee in support

of the company's borrowing.