IRIS Accounts Production v26.1.10.61 00726515 Board of Directors Board of Directors Board of Directors 1.4.25 31.3.26 31.3.26 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00726515 2025-03-31 00726515 2026-03-31 00726515 2025-04-01 2026-03-31 00726515 2024-03-31 00726515 2024-04-01 2025-03-31 00726515 2025-03-31 00726515 ns15:EnglandWales 2025-04-01 2026-03-31 00726515 ns14:PoundSterling 2025-04-01 2026-03-31 00726515 ns10:Director1 2025-04-01 2026-03-31 00726515 ns10:Director2 2025-04-01 2026-03-31 00726515 ns10:Director3 2025-04-01 2026-03-31 00726515 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 00726515 ns10:SmallEntities 2025-04-01 2026-03-31 00726515 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 00726515 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 00726515 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 00726515 ns10:AbridgedAccounts 2025-04-01 2026-03-31 00726515 ns10:RegisteredOffice 2025-04-01 2026-03-31 00726515 ns5:CurrentFinancialInstruments 2026-03-31 00726515 ns5:CurrentFinancialInstruments 2025-03-31 00726515 ns5:Non-currentFinancialInstruments 2026-03-31 00726515 ns5:Non-currentFinancialInstruments 2025-03-31 00726515 ns5:ShareCapital 2026-03-31 00726515 ns5:ShareCapital 2025-03-31 00726515 ns5:FurtherSpecificReserve1ComponentTotalEquity 2026-03-31 00726515 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 00726515 ns5:FurtherSpecificReserve3ComponentTotalEquity 2026-03-31 00726515 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 00726515 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 00726515 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 00726515 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31

REGISTERED NUMBER: 00726515 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2026 |

| for |

| Headland Pavilion (1962) Limited |

| Headland Pavilion (1962) Limited (Registered number: 00726515) |

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Headland Pavilion (1962) Limited |

Company Information

for the Year Ended 31 March 2026

| DIRECTORS: | P D Currie

| Mrs P M Bagdonas

| P R Horton

| REGISTERED OFFICE: | Metherell Gard

| Burn View

| BUDE

| Cornwall

| EX23 8BX

| REGISTERED NUMBER: | 00726515 (England and Wales)

| ACCOUNTANTS: | Streets Metherell Gard Limited

| Burn View

| Bude

| Cornwall

| EX23 8BX

| Headland Pavilion (1962) Limited (Registered number: 00726515) |

Abridged Balance Sheet

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 3,094,200 |  | 3,050,770 |  |

Investment property | 5 | 500,000 |  | 500,000 |  |

3,594,200 |  | 3,550,770 |  |

CURRENT ASSETS

Debtors | 11,257 |  | 8,693 |  |

Cash at bank | 57,276 |  | 73,896 |  |

68,533 |  | 82,589 |  |

CREDITORS

Amounts falling due within one year | 91,661 |  | 91,305 |  |

NET CURRENT LIABILITIES | (23,128 | ) | (8,716 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,571,072 |  | 3,542,054 |  |

CREDITORS

Amounts falling due after more than one year | (133,243 | ) | (182,577 | ) |

PROVISIONS FOR LIABILITIES | (51,900 | ) | (55,100 | ) |

NET ASSETS | 3,385,929 |  | 3,304,377 |  |

CAPITAL AND RESERVES

Called up share capital | 5,200 |  | 5,200 |  |

Investment revaluation reserve | 888,656 |  | 885,456 |  |

Fair value reserve | 6 | 319,664 |  | 319,664 |  |

Retained earnings | 2,172,409 |  | 2,094,057 |  |

SHAREHOLDERS' FUNDS | 3,385,929 |  | 3,304,377 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

| Headland Pavilion (1962) Limited (Registered number: 00726515) |

Abridged Balance Sheet - continued

31 March 2026

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 June 2026 and were signed on its behalf by:

P R Horton - Director | Mrs P M Bagdonas - Director

P D Currie - Director

| Headland Pavilion (1962) Limited (Registered number: 00726515) |

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Headland Pavilion (1962) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets, as specified in the accounting policies below.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

| Rental income

| Income from investment property lease out under an operating lease is recognised in turnover on a straight line basis over the lease term.

| Rendering of services

| Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.

| Investments in associates

| Investment in associate undertakings are initially recognised at transaction price. The investment is subsequently measured at fair value based on the direct interest in the associate's assets and liabilities.

| Investment income

| The company's share of the associate's profit is recognised though profit or loss as a realised profit.

| Increases in the fair value of the associate's assets are recognised in other income and investment revaluation reserve.

| Distributions of profit from the associate are recognised as reductions in the fair value of the associate.

| 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

| Headland Pavilion (1962) Limited (Registered number: 00726515) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| Investment property

| Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

| In subsequent years they are measured at fair value at each reporting date with changes to fair value recognised in profit or loss.

| Financial instruments

| All financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include cash at bank, trade and other debtors, trade and other creditors and bank loans.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

| transaction price. Any losses arising from impairment are recognised through profit or loss in other

| administrative expenses.

| Loans and borrowings

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

| Employee Benefits

| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2025 - 3 ) .

4. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST OR VALUATION

| At 1 April 2025 | 3,050,770 |  |

| Additions | 43,430 |  |

| At 31 March 2026 | 3,094,200 |  |

| NET BOOK VALUE

| At 31 March 2026 | 3,094,200 |  |

| At 31 March 2025 | 3,050,770 |  |

| Cost or valuation at 31 March 2026 is represented by:

| Totals

£ |

| Valuation in 2026 | 3,094,200 |  |

| The company owns an interest in a partnership known as "Currie Headland", whose principal place of business is Bude, Cornwall.

| The company is jointly and severally liable for any of the partnership liabilities.

| The valuation is based on the company's direct interest in the assets and liabilities of the partnership as at 31st March 2026.

| Headland Pavilion (1962) Limited (Registered number: 00726515) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2025

| and 31 March 2026 | 500,000 |  |

| NET BOOK VALUE

| At 31 March 2026 | 500,000 |  |

| At 31 March 2025 | 500,000 |  |

| The investment properties were valued in August 2022 by an independent valuer. The independent valuer's report was based on the value the properties would command if placed on the market for sale under the market conditions at the time. The directors consider this value to be unchanged at the year end.

| Fair value at 31 March 2026 is represented by:

£ |

| Valuation in 2026 | 500,000 |  |

| If investment properties had not been revalued they would have been included at the following historical cost:

2026 | 2025 |

£ | £ |

| Cost | 164,836 |  | 164,836 |  |

6. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 April 2025

| and 31 March 2026 | 319,664 |  |