REGISTERED NUMBER: 02181900 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Swanmore Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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)

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.

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

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).

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

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.