ACCOUNTS - Final Accounts

Registered number: 15158561

Horsfield Properties Limited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2025

Horsfield Properties Limited

Registered number: 15158561

Balance Sheet

As at 30 September 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		3,269,574		-
Current assets
Debtors: amounts falling due within one year	5	1		1
Cash at bank and in hand	6	366,212		-
		366,213		1
Creditors: amounts falling due within one year	7	(3,533,310)		-
Net current (liabilities)/assets			(3,167,097)		1
Net assets			102,477		1

Capital and reserves
Called up share capital	1	1
Profit and loss account	102,476	-
	102,477	1

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R K B Purvis	C D Swallow
Director	Director

Date: 29 April 2026	Date29 April 2026

The notes on pages 2 to 6 form part of these financial statements.

Page 1

Horsfield Properties Limited

Notes to the Financial Statements

For the year ended 30 September 2025

1.	General information

Horsfield Properties Limited is a private company limited by share capital, incorporated in England, registered number 15158561. The address of the registered office and principal place of business is Mellors Road, Trafford Park, Manchester, M17 1PB. The principal activity of the company is the rental of properties to group companies.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Revenue

Revenue is recognised in accordance with note 2.3 to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Operating leases: the company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Investment property rented to other group entities and accounted for under the cost model is stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Page 2

Horsfield Properties Limited

Notes to the Financial Statements

For the year ended 30 September 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property

50 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 -£NIL).

Page 3

Horsfield Properties Limited

Notes to the Financial Statements

For the year ended 30 September 2025

4.	Tangible fixed assets

		Freehold property
		£
	Cost or valuation
	Additions	3,320,366
	At 30 September 2025	3,320,366
	Depreciation
	Charge for the year	50,792
	At 30 September 2025	50,792
	Net book value
	At 30 September 2025	3,269,574
	At 30 September 2024	-

Page 4

Horsfield Properties Limited

Notes to the Financial Statements

For the year ended 30 September 2025

Debtors

					2025	2024
					£	£


Called up share capital not paid	1	1

6.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	366,212	-

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	3,475,004	-
Corporation tax	51,656	-
Accruals and deferred income	6,650	-
	3,533,310	-

Amounts owed to group undertakings are repayable on demand, unsecured and bear no interest.

8.	Controlling party

The immediate parent company is Swallow Holdings Limited, a company registered in England and Wales, company number 02979029, registered office address Creamline Dairies, Mellors Road, Trafford Park, Manchester, M17 1PB.

The ultimate parent company is Horsfield Group Limited, a company registered in England and Wales, company number 15157762, registered office address Creamline Dairies, Mellors Road, Trafford Park, Manchester, M17 1PB.

The parent undertaking of the smallest and largest group of undertakings of which the company is a member and for which financial statements are drawn up is Horsfield Group. Copies of the consolidated accounts of Horsfield Group Limited can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

The group is under the control of C Swallow by virtue of his majority shareholding.

Page 5

Horsfield Properties Limited

Notes to the Financial Statements

For the year ended 30 September 2025

9.	Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified.

The audit report was signed on 30 April 2026 by Chris Stewardson (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.

Page 6