Company No: 08638583 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	291,504		291,374
Investment property	5	1,944,998		1,273,272
		2,236,502		1,564,646
Current assets
Debtors	6	13,374		40,808
Cash at bank and in hand		5,163		13,308
		18,537		54,116
Creditors: amounts falling due within one year	7	( 3,118,054)		( 2,427,633)
Net current liabilities		(3,099,517)		(2,373,517)
Total assets less current liabilities		(863,015)		(808,871)
Net liabilities		( 863,015)		( 808,871)
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		( 863,115 )		( 808,971 )
Total shareholders' deficit		( 863,015)		( 808,871)

For the financial year ending 31 October 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 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 Profit and Loss Account has not been delivered.

The financial statements of Ownings Limited (registered number: 08638583) were approved and authorised for issue by the Board of Directors on 24 June 2026. They were signed on its behalf by:

Mr S C England 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

Ownings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Old Brickyard Farm Shaftesbury Road, Motcombe, Shaftesbury, SP7 9NP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

Previous year accounts have been restated to include capitalised leasehold improvements and repairs and maintenance costs. These have affected the accounts as detailed in note 2.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent there is a right to consideration. It is measured at the fair value of consideration due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	10 % reducing balance
Plant and machinery	20 % reducing balance
Fixtures and fittings	20 % reducing balance
Office equipment	20 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

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 the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Prior year adjustment

Previous year accounts have been restated to include capitalised leasehold improvements and repairs and maintenance costs. These have affected the accounts as detailed below.

		As previously reported		Adjustment		As restated
Year ended 31 October 2024		£		£		£
Other Debtors		393,010		(393,010)		0
Land and Buildings		69,489		116,027		185,516
Depreciation		18,179		8,020		26,199
Repairs and maintenance		77,493		268,962		346,455

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		1

4. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 November 2024	193,536		55,545		1,238		75,025		3,301		328,645
Additions	20,251		10,624		0		15,103		0		45,978
	0		0		0		0		0		0
At 31 October 2025	213,787		66,169		1,238		90,128		3,301		374,623
Accumulated depreciation
At 01 November 2024	10,550		18,383		373		6,097		1,868		37,271
Charge for the financial year	20,026		8,175		173		16,719		755		45,848
	0		0		0		0		0		0
At 31 October 2025	30,576		26,558		546		22,816		2,623		83,119
Net book value
At 31 October 2025	183,211		39,611		692		67,312		678		291,504
At 31 October 2024	182,986		37,162		865		68,928		1,433		291,374

5. Investment property

	Investment property
	£
Valuation
As at 01 November 2024	1,273,272
Additions	671,726
As at 31 October 2025	1,944,998

The investment properties class of fixed assets was revalued on 25 April 2023 by Woolley and Wallis who is external to the company. The basis of the valuation was market value. This class of assets has a current value of £1,944,998 (2024 - £1,273,272) and a carrying amount at historical cost of £2,234,269 (2024 - £1,562,543). The depreciation on this historical cost is £0 (2024 - £0).

The directors do not consider that there has been any significant change in the valuation of investment properties between the date of the last full valuation and the current balance sheet date.

6. Debtors

	2025		2024
	£		£
Trade debtors	6,146		3,180
Prepayments	901		4,695
VAT recoverable	2,203		32,933
Other debtors	4,124		0
	13,374		40,808

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	85,753		47,642
Amounts owed to directors	830,018		639,952
Accruals	19,675		15,550
Other creditors	2,182,608		1,724,489
	3,118,054		2,427,633

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
Within one year	38,040		38,040
Between one and five years	152,160		152,160
After five years	38,040		76,080
Total future minimum lease payments under non-cancellable operating leases	228,240		266,280

10. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
SE Marine Limited	2,181,692		1,724,489

C England and S England are the directors and shareholders of both the companies.