REGISTERED NUMBER: 01414390 (England and Wales)

Miscombe Developments Limited

Financial Statements for the Year Ended 30th September 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R A Barnett

REGISTERED OFFICE:

1 Jacobs Yard

North Lane

Buriton

Petersfield

Hampshire

GU31 5RR

REGISTERED NUMBER:

01414390 (England and Wales)

ACCOUNTANTS:

Sheen Stickland

Chartered Accountants

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

FIXED ASSETS

Tangible assets

4

3,087

9,482

CURRENT ASSETS

Stocks

1,371,160

1,345,091

Debtors

5

5,632,837

5,752,187

Cash at bank

80,070

103,687

7,084,067

7,200,965

CREDITORS

Amounts falling due within one year

6

(16,379

)

(23,565

)

NET CURRENT ASSETS

7,067,688

7,177,400

TOTAL ASSETS LESS CURRENT LIABILITIES

7,070,775

7,186,882

CREDITORS

Amounts falling due after more than one year

7

(2,850,000

)

(2,850,000

)

NET ASSETS

4,220,775

4,336,882

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

4,220,773

4,336,880

SHAREHOLDERS' FUNDS

4,220,775

4,336,882

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 27th June 2026 and were signed by:

R A Barnett - Director

1.	STATEMENT OF COMPLIANCE

Miscombe Developments Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 1 Jacobs Yard, North Lane, Buriton, Petersfield, GU31 5RR. The registration number is 01414390.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest pound.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue is recognised 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 value added tax. The following criteria must also be met before revenue is recognised:

Rent receivable

Other operating income comprising of rent receivable from the Company's properties, exclusive of value added tax where applicable, is recognised on a straight line basis over the term of the lease.

Sale of properties

Turnover representing the consideration for property sales is recognised on legal completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

10 - 20% straight line

Motor vehicles

-

20% straight line

Fixtures & fittings

-

20% straight line

Tangible assets are depreciated over their useful lives taking into account residual values, where appropriate.The useful lives of these assets are estimated based on historic experience and future considerations and these are re-assessed annually.

Any gain or loss arising on the disposal of an asset is determined by the difference between sale proceeds and carrying value of the asset, and is credited or charged to the profit or loss

Stocks

Development properties are valued at the lower of cost and net realisable value, being the estimated selling prices less costs to complete. Cost includes all direct costs and attributable overheads associated with the development projects.

Financial instruments

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

Cash and cash equivalents

These comprise cash at bank.

Debtors

Short term debtors are stated at their nominal value. Loans receivable are measured initially at their nominal value and are measured subsequently at amortised cost using the effective interest method. Appropriate allowances for estimated irrecoverable amounts are recognised in the Income Statement when there is objective evidence that the asset is impaired.

Creditors

Creditors are not interest bearing and are stated at their nominal value.

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.

Lease commitments

Rentals paid under operating leases are charged to the Income Statement 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 the Income Statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st October 2024

130,500

12,458

14,700

157,658

Disposals

(354

)

(934

)

-

(1,288

)

At 30th September 2025

130,146

11,524

14,700

156,370

DEPRECIATION

At 1st October 2024

123,135

10,341

14,700

148,176

Charge for year

5,398

887

-

6,285

Eliminated on disposal

(354

)

(824

)

-

(1,178

)

At 30th September 2025

128,179

10,404

14,700

153,283

NET BOOK VALUE

At 30th September 2025

1,967

1,120

-

3,087

At 30th September 2024

7,365

2,117

-

9,482

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

-

1,700

Other debtors

25,000

25,000

VAT

-

135

Prepayments and accrued income

7,270

5,929

32,270

32,764

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

70,000

Amounts owed by related parties

5,600,567

5,649,423

5,600,567

5,719,423

Aggregate amounts

5,632,837

5,752,187

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,353

1,668

Social security and other taxes

1,535

4,670

VAT

5

-

Other creditors

-

257

Accruals and deferred income

13,486

16,970

16,379

23,565

Included in Other creditors is a pension creditor balance of £NIL (2024: £257).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

2,850,000

2,850,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1st October 2024

4,336,880

Deficit for the year

(116,107

)

At 30th September 2025

4,220,773

10.	RELATED PARTY DISCLOSURES

Included within debtors as amounts due from related party undertakings is £5,600,567 (2024: £5,649,423), these amounts are from a company which shares the same ultimate controlling party, R Barnett. These amounts are interest free and are repayable in one year and one day.

An interest-free £70,000 loan owed by Miscombe (London) Ltd was repaid to the company during the year.

11.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Miscombe Group Limited, a company incorporated in England and Wales.

The registered office for both of these companies is 1 Jacobs Yard, North Lane, Buriton, Petersfield, Hampshire, GU31 5RR.

The smallest and largest group in which results are consolidated is that headed by Miscombe Group Limited. The consolidated financial statements are available to the public and can be obtained from Companies House (https://beta.companieshouse.gov.uk/).