Company No: 13277184 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Stocks		2,198,669		2,104,293
Debtors	3	5,985		17,485
Cash at bank and in hand		382		836
		2,205,036		2,122,614
Creditors: amounts falling due within one year	4	( 18,616)		( 23,277)
Net current assets		2,186,420		2,099,337
Total assets less current liabilities		2,186,420		2,099,337
Creditors: amounts falling due after more than one year	5	( 2,101,429)		( 2,039,429)
Net assets		84,991		59,908
Capital and reserves
Called-up share capital		100		100
Profit and loss account		84,891		59,808
Total shareholder's funds		84,991		59,908

For the financial year ending 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Headhone Developments Ltd (registered number: 13277184) were approved and authorised for issue by the Board of Directors on 18 June 2026. They were signed on its behalf by:

T M Olliff-Lee 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

Headhone Developments Ltd is a private company, limited by shares, incorporated in England and Wales with the registration number 13277184. The address of the Company's registered office is Basing Park, Privett, Alton, Hampshire, GU34 3NS, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Headhone Developments Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover comprises revenue recognised by the company in respect of agricultural produce sold during the year and agricultural subsidies relating to the year.

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value. Work in progress comprises the cost of land and materials.

Financial instruments

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

Trade and other debtors and creditors are classified as basic financial instruments and are measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Debtors

	2025		2024
	£		£
Other debtors	5,985		17,485

4. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	16,277		14,025
Other creditors	2,339		9,252
	18,616		23,277

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

	2025		2024
	£		£
Other creditors	2,101,429		2,039,429

There are no amounts included above in respect of which any security has been given by the small entity.

6. Ultimate controlling party

The company is a wholly owned subsidiary undertaking of Ashmarden Limited.

Ashmarden Limited is a private limited company, limited by shares, incorporated in England and Wales with registration number 00466772. The address of the registered office is 40 Holborn Viaduct, London, England, EC1N 2PZ.

The ultimate controlling party are the trustees of The Ashmarden Settlement 1997 by virtue of them being the ultimate controlling party of Ashmarden Limited.

The parent company, Ashmarden Limited, does not prepare group accounts.