Hayman Engineering Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 8

Hayman Engineering Limited

(Registration number: 11240001)
Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	1,334,905	883,466
Investments	5	775,392	775,392
		2,110,297	1,658,858
Current assets
Debtors	6	-	151,264
Cash at bank and in hand		126,487	227,147
		126,487	378,411
Creditors: Amounts falling due within one year	7	(99,283)	(90,936)
Net current assets		27,204	287,475
Total assets less current liabilities		2,137,501	1,946,333
Provisions for liabilities		(65,926)	(63,176)
Net assets		2,071,575	1,883,157
Capital and reserves
Called up share capital	8	100	100
Profit and loss account		2,071,475	1,883,057
Shareholders' funds		2,071,575	1,883,157

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 16 July 2026 and signed on its behalf by:
 

Mr C Hayman Director

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of a holding company.

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group. Hayman Engineering Limited is the parent undertaking, registered at Plym House, 3 Longbridge Road, Marsh Mills, Plymouth, Devon, PL6 8LT.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is measured initially at cost, which includes purchase price and any attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	Not depreciated
Plant and machinery	20% reducing balance
Computer equipment	20% straight line
Motor vehicles	25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Investments

Fixed asset investments are initially recorded at cost, and subsequently recorded at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is made at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount if recognised in finance costs in profit or loss in the period it arises.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

4	Tangible assets

	Investment property £	Computer equipment £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	809,000	2,641	21,718	73,481	906,840
Revaluations	11,000	-	-	-	11,000
Additions	454,979	-	3,903	333	459,215
At 31 March 2026	1,274,979	2,641	25,621	73,814	1,377,055
Depreciation
At 1 April 2025	-	660	4,343	18,371	23,374
Charge for the year	-	660	4,255	13,861	18,776
At 31 March 2026	-	1,320	8,598	32,232	42,150
Carrying amount
At 31 March 2026	1,274,979	1,321	17,023	41,582	1,334,905
At 31 March 2025	809,000	1,981	17,375	55,110	883,466

Revaluation

The fair value of the company's Freehold property was revalued in 2025.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,085,741 (2025 - £630,762).

5	Other financial assets (current and non-current)

	Investments £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2025	775,392	775,392
At 31 March 2026	775,392	775,392
Impairment
Carrying amount
At 31 March 2026	775,392	775,392

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

6

Debtors

	2026 £	2025 £
Other debtors	-	151,264
Less non-current portion	-	(118,277)
	-	32,987

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	4,680	299
Accruals and deferred income	4,083	3,050
Other creditors	90,520	87,587
	99,283	90,936

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	82	82	100	100
Ordinary A of £1 (2025 - £0) each	9	9	-	-
Ordinary B of £1 (2025 - £0) each	9	9	-	-
	100	100	100	100

18 Ordinary £1 shares were re-designated as 9 Ordinary A £1 shares and 9 Ordinary B £1 shares on 27 February 2026. All three classes of shares rank pari passu except that the Ordinary A and Ordinary B shares are entitled to different rates of dividends than the Ordinary shares.

Hayman Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

9

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses. This reserve contains accumulated undistributable reserves totalling £133,679.

10	Related party transactions

Transactions with directors

2026	At 1 April 2025 £	Advances to director £	Repayments by director £	At 31 March 2026 £
Mr C Hayman
	859	25	(1,000)	(116)

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr C Hayman
	50,360	100,499	(150,000)	859

 

Loans from related parties

2025	Subsidiary £	Total £
At start of period	65,987	65,987
Advanced	21,600	21,600
At end of period	87,587	87,587

2026	Subsidiary £	Total £
At start of period	87,587	87,587
At end of period	87,587	87,587

Terms of loans from related parties

The loan is from the companies subsidiary company, Millennium Engineering Limited. The loan is repayable on demand and does not attract interest.