Far Hills Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00322725 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FAR HILLS ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Lhermette

Ms C M Lhermette

P J Lhermette

A J P Lhermette

SECRETARY:

P J Lhermette

REGISTERED OFFICE:

The Farm Office

Lamberhurst Farm

Dargate

Faversham

Kent

ME13 9EP

REGISTERED NUMBER:

00322725 (England and Wales)

ACCOUNTANTS:

Carleys

Second Floor South

The Fitted Rigging House

The Historic Dockyard

Chatham

Kent

ME4 4TZ

FIXED ASSETS

Tangible assets

4

963

1,070

Investments

5

618,859

776,801

Investment property

6

3,858,356

3,854,501

4,478,178

4,632,372

CURRENT ASSETS

Stocks

614

Debtors

7

995,727

969,732

Cash at bank

382,510

70,892

1,378,851

1,041,238

CREDITORS

Amounts falling due within one year

8

(217,580

)

(178,095

)

NET CURRENT ASSETS

1,161,271

863,143

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,639,449

5,495,515

PROVISIONS FOR LIABILITIES

(563,001

)

(540,399

)

NET ASSETS

5,076,448

4,955,116

CAPITAL AND RESERVES

Called up share capital

10

20,000

Retained earnings

11

5,056,448

4,935,116

SHAREHOLDERS' FUNDS

5,076,448

4,955,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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.

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 Board of Directors and authorised for issue on 5 July 2026 and were signed on its behalf by:

M P Lhermette - Director

1.	STATUTORY INFORMATION

Far Hills Estates 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income due on the letting of the company's investment properties and is recognised over the period of the rental.

Tangible fixed assets

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

Plant and machinery etc

-

10% on reducing balance

Investment property

Investment property is carried at fair value. Revaluation surpluses and deficits are recognised in the Income Statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and net estimated selling price less costs. Cost is calculated at the actual cost paid.

Financial instruments

Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

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.

Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Borrowing costs are not capitalised.

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.

Fixed asset investments

Listed investments are measured at fair value through profit and loss.

Unlisted investments, including physical bullion holdings, are stated at cost less impairment. These assets are not depreciated. Impairment is recognised where there is evidence that the carrying amount exceeds recoverable amount.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

11,227

DEPRECIATION

At 1 January 2025

10,157

Charge for year

107

At 31 December 2025

10,264

NET BOOK VALUE

At 31 December 2025

963

At 31 December 2024

1,070

5.	FIXED ASSET INVESTMENTS

Listed
investments

Unlisted
investments

Total

£

COST OR VALUATION

At 1 January 2025

377,781

399,020

776,801

Additions

-

Disposals

(200,000

)

-

(200,000

)

Revaluation

42,058

-

42,058

At 31 December 2025

219,839

399,020

618,859

NET BOOK VALUE

At 31 December 2025

219,839

399,020

618,859

At 1 January 2025

377,781

399,020

776,801

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

3,854,501

Revaluations

3,855

At 31 December 2025

3,858,356

NET BOOK VALUE

At 31 December 2025

3,858,356

At 31 December 2024

3,854,501

The investment properties have been valued at fair value by one of the directors of the company, M P Lhermette, based on the Nationwide All Properties - Mix -adjusted regional and UK indices.

7.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

77,849

56,446

Other debtors

521,522

512,399

599,371

568,845

Amounts falling due after more than one year:

Other debtors

396,356

400,887

Aggregate amounts

995,727

969,732

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed to group undertakings

281

-

Taxation and social security

78,831

57,336

Other creditors

138,468

120,759

217,580

178,095

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

PML Will Trust Loan

100,000

Certain directors of the company have given personal guarantees in respect of a loan of £100,000.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2,501

Ordinary A

£1

2,501

1

Ordinary B

£1

1

1,000

Ordinary C

£1

1,000

2,499

Ordinary D

£1

2,499

1,216

Ordinary E

£1

1,216

2,335

Ordinary F

£1

2,335

2,612

Ordinary G

£1

2,612

Ordinary H

£1

2,612

Ordinary J

£1

2,612

Ordinary K

£1

2,612

20,000

11.

RESERVES

The retained earnings include non distributable reserves of £2,664,561 (2024: £2,661,669) arising from the revaluation of investment properties at fair value net of the related deferred taxation as follows:

2025

2024

£

Revaluation gains on investment properties valued at fair value

3,227,321

3,223,466

Less related deferred taxation

(562,760

)

(561,797

)

Net non distributable revaluation gains

2,664,561

2,661,669

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

M P Lhermette

Balance outstanding at start of year

365,704

361,301

Amounts advanced

7,283

4,403

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

372,987

365,704

P J Lhermette

Balance outstanding at start of year

1,570

2,467

Amounts advanced

437

1,570

Amounts repaid

(1,570

)

(2,467

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

437

1,570