IRIS Accounts Production v26.1.10.61 02181900 Board of Directors Board of Directors 1.12.24 30.11.25 30.11.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02181900 2024-11-30 02181900 2025-11-30 02181900 2024-12-01 2025-11-30 02181900 2023-11-30 02181900 2023-12-01 2024-11-30 02181900 2024-11-30 02181900 ns15:EnglandWales 2024-12-01 2025-11-30 02181900 ns14:PoundSterling 2024-12-01 2025-11-30 02181900 ns10:Director1 2024-12-01 2025-11-30 02181900 ns10:Director2 2024-12-01 2025-11-30 02181900 ns10:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 02181900 ns10:SmallEntities 2024-12-01 2025-11-30 02181900 ns10:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 02181900 ns10:SmallCompaniesRegimeForDirectorsReport 2024-12-01 2025-11-30 02181900 ns10:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 02181900 ns10:FullAccounts 2024-12-01 2025-11-30 02181900 ns10:CompanySecretary1 2024-12-01 2025-11-30 02181900 ns10:RegisteredOffice 2024-12-01 2025-11-30 02181900 ns5:CurrentFinancialInstruments 2025-11-30 02181900 ns5:CurrentFinancialInstruments 2024-11-30 02181900 ns5:Non-currentFinancialInstruments 2025-11-30 02181900 ns5:Non-currentFinancialInstruments 2024-11-30 02181900 ns5:ShareCapital 2025-11-30 02181900 ns5:ShareCapital 2024-11-30 02181900 ns5:RetainedEarningsAccumulatedLosses 2025-11-30 02181900 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 02181900 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-11-30 02181900 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-11-30 02181900 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-11-30 02181900 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-11-30 02181900 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-11-30 02181900 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-11-30 02181900 ns5:Secured 2025-11-30 02181900 ns5:Secured 2024-11-30 02181900 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 02181900 ns5:RetainedEarningsAccumulatedLosses 2024-12-01 2025-11-30

REGISTERED NUMBER: 02181900 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 30 November 2025 |

| for |

| Swanmore Estates Limited |

| Swanmore Estates Limited (Registered number: 02181900) |

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Swanmore Estates Limited |

Company Information

for the Year Ended 30 November 2025

| DIRECTORS: | Mr A J White

| Mr SFC Jeffery

| SECRETARY: | Mr SFC Jeffery

| REGISTERED OFFICE: | Suite B

| Blackdown House

| Blackbrook Park Avenue

| Taunton

| Somerset

| TA1 2PX

| REGISTERED NUMBER: | 02181900 (England and Wales)

| Swanmore Estates Limited (Registered number: 02181900) |

Balance Sheet

30 November 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 14,871,006 |  | 15,664,851 |  |

CURRENT ASSETS

Debtors | 5 | 187,619 |  | 142,044 |  |

Cash at bank | 381,842 |  | 139,538 |  |

569,461 |  | 281,582 |  |

CREDITORS

Amounts falling due within one year | 6 | 779,440 |  | 972,236 |  |

NET CURRENT LIABILITIES | (209,979 | ) | (690,654 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 14,661,027 |  | 14,974,197 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 3,924,512 |  | 4,572,672 |  |

NET ASSETS | 10,736,515 |  | 10,401,525 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 9 | 10,736,415 |  | 10,401,425 |  |

10,736,515 |  | 10,401,525 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

| Swanmore Estates Limited (Registered number: 02181900) |

Balance Sheet - continued

30 November 2025

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 9 June 2026 and were signed on its behalf by:

Mr A J White - Director

Mr SFC Jeffery - Director

| Swanmore Estates Limited (Registered number: 02181900) |

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Swanmore 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 for the year excluding VAT where appropriate.

| Investment properties

| In accordance with section 16 of FRS 102, Investment properties are revalued annually and the surplus or deficit on revaluation is transferred to the profit and loss account. Any profits generated by revaluation are transferred from the profit and loss reserve account to the fair value reserve account, the fair value reserve account represents the non-distributable element of shareholders funds.

| 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.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. | EMPLOYEES AND DIRECTORS

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

| Swanmore Estates Limited (Registered number: 02181900) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 December 2024 | 15,664,851 |  |

| Additions | 6,155 |  |

| Disposals | (550,000 | ) |

| Revaluations | (250,000 | ) |

| At 30 November 2025 | 14,871,006 |  |

| NET BOOK VALUE

| At 30 November 2025 | 14,871,006 |  |

| At 30 November 2024 | 15,664,851 |  |

| Fair value at 30 November 2025 is represented by:

£ |

| Valuation in 2025 | (250,000 | ) |

| Valuation in 2024 | (250,000 | ) |

| Valuation in 2023 | 287,167 |  |

| Valuation in 2022 | (352,663 | ) |

| Valuation in 2021 | 108,483 |  |

| Valuation in 2020 | (1,929,527 | ) |

| Valuation in 2018 | 2,647,638 |  |

| Cost | 14,609,908 |  |

14,871,006 |  |

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

2025 | 2024 |

£ | £ |

| Cost | 14,609,908 |  | 16,207,792 |  |

| The property portfolio comprising of several properties has been revalued by the directors who are not qualified valuers.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 132,620 |  | 140,996 |  |

| Prepayments and accrued income | 54,999 |  | 1,048 |  |

187,619 |  | 142,044 |  |

| Swanmore Estates Limited (Registered number: 02181900) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 242,998 |  | 451,145 |  |

| Trade creditors | 45,848 |  | 71,763 |  |

| Corporation tax | 187,684 |  | 178,227 |  |

| VAT | 64,514 |  | 23,955 |  |

| Other creditor | 15,901 |  | 1 |  |

| Directors' loan accounts | 473 |  | 473 |  |

| Accruals and deferred income | 222,022 |  | 246,672 |  |

779,440 |  | 972,236 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 243,318 |  | 451,465 |  |

| Bank loans - 2-5 years | 3,681,194 |  | 4,121,207 |  |

3,924,512 |  | 4,572,672 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 4,167,510 |  | 5,023,817 |  |

| The bank overdraft and loans are secured by charges held over the company's investment properties and an unlimited debenture.

9. | RESERVES

| Retained

| earnings

£ |

| At 1 December 2024 | 10,401,425 |  |

| Profit for the year | 334,990 |  |

| At 30 November 2025 | 10,736,415 |  |

10. | RELATED PARTY DISCLOSURES

| The company was under the control of the two directors, Mr S F C Jeffery and Mr A J White throughout the current year. Somerset Land Ltd, a company under the control of Mr S F C Jeffery holds 50% of the issued share capital and Marblehome Ltd, a company under the control of Mr A J White holds 50% of the issued share capital.