REGISTERED NUMBER: 03905674 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

Nedging Hall Estate Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Course

C Buckle

G Westwood

REGISTERED OFFICE:

13 Churchfield Road

Sudbury

Suffolk

CO10 2YA

REGISTERED NUMBER:

03905674 (England and Wales)

AUDITORS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Intangible assets

4

733

400

Tangible assets

5

3,210,483

3,516,684

Investment property

6

250,000

-

3,461,216

3,517,084

CURRENT ASSETS

Stocks

7

103,878

127,981

Debtors

8

189,090

110,004

Cash at bank

35,123

83,405

328,091

321,390

CREDITORS

Amounts falling due within one year

9

514,315

459,052

NET CURRENT LIABILITIES

(186,224

)

(137,662

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,274,992

3,379,422

CREDITORS

Amounts falling due after more than one year

10

(853,927

)

(600,142

)

PROVISIONS FOR LIABILITIES

13

-

(52,199

)

NET ASSETS

2,421,065

2,727,081

CAPITAL AND RESERVES

Called up share capital

14

200,100

200,100

Share premium

15

4,654,885

4,654,885

Revaluation reserve

15

348,787

319,077

Retained earnings

15

(2,782,707

)

(2,446,981

)

SHAREHOLDERS' FUNDS

2,421,065

2,727,081

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 16 July 2026 and were signed on its behalf by:

C Buckle - Director

1.	STATUTORY INFORMATION

Nedging Hall Estate 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.

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.

At the year end the company reports net current liabilities of £186,224 (2024: £137,662). The directors are satisfied that the company has adequate cash resources in order to pay all of its creditors as they fall due for the foreseeable future and for at least 12 months from the date of signing of these financial statements. Furthermore, the parent company, Heathpatch Limited has offered further financial support if required. On the basis of continuing financial support from its parent company, the directors consider it is appropriate to prepare the accounts on the going concern basis.

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.

Significant judgements and estimates

The preparation of the financial statements requires management ot make judgements, estimates and assumptions which impact on the reported amounts of assets and liabilities. Estimates and judgements are continually evaluated and are based on historical experience and other factored, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ form these estimates.

The estimates and underlying assumptions are review on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions that have a significant risk of causing a material adjustments to carrying amounts of assets and liabilities within the next financial year are addressed below.

Valuation of investment properties

The valuation of the investment properties is on the basis of a valuation carried out by a third party specialist and directors. The valuation was made on an open market basis by reference to market evidence of transaction prices.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from food and drink is recognised at the point in which the food and drink are provided to the consumer based on the till receipts.

Accommodation revenue is recognised on a daily basis based on occupancy.

Brewery revenue is recognised at the point of delivery of goods to the customer.

Intangible assets

Intangible assets are initially recorded at cost and subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by references to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets are acquired as part of a business combination are recorded at the fair value at the acquisition date.

Intellectual property rights - Over the useful economic life of that asset

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible fixed assets

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

Freehold property

Buildings depreciate 0% due to repairs programme

Plant and machinery

5% or 10% on a straight line basis

Fixtures and fittings

15% on a reducing balance basis

Motor vehicles

25% on a straight line basis

Short leasehold

15% on a straight line basis

The carrying value of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

No charge has been made for depreciation on freehold building. This is due to the residual value of the buildings being considered to be not less than the current net book value having regard to the continued refurbishment works that have occurred and that are continuing to take place in forthcoming years.

Assets under construction will be transferred to plant and machinery when these come into use post year end.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 82 (2024 - 75 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 November 2024

11,639

Additions

333

At 31 October 2025

11,972

AMORTISATION

At 1 November 2024

and 31 October 2025

11,239

NET BOOK VALUE

At 31 October 2025

733

At 31 October 2024

400

The other intangible assets relate to Intellectual property rights.

5.	TANGIBLE FIXED ASSETS

Assets

Freehold

Short

under

property

leasehold

construction

£

£

£

COST OR VALUATION

At 1 November 2024

2,912,496

328,117

-

Additions

-

-

22,003

Disposals

-

-

-

Revaluations

(56,861

)

-

-

Reclassification/transfer

(215,000

)

-

-

At 31 October 2025

2,640,635

328,117

22,003

DEPRECIATION

At 1 November 2024

-

155,339

-

Charge for year

-

57,188

-

Eliminated on disposal

-

-

-

At 31 October 2025

-

212,527

-

NET BOOK VALUE

At 31 October 2025

2,640,635

115,590

22,003

At 31 October 2024

2,912,496

172,778

-

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 November 2024

277,593

269,556

42,350

3,830,112

Additions

36,372

32,519

-

90,894

Disposals

-

(3,517

)

-

(3,517

)

Revaluations

-

-

-

(56,861

)

Reclassification/transfer

-

-

-

(215,000

)

At 31 October 2025

313,965

298,558

42,350

3,645,628

DEPRECIATION

At 1 November 2024

64,563

74,662

18,864

313,428

Charge for year

25,771

29,563

10,061

122,583

Eliminated on disposal

-

(866

)

-

(866

)

At 31 October 2025

90,334

103,359

28,925

435,145

NET BOOK VALUE

At 31 October 2025

223,631

195,199

13,425

3,210,483

At 31 October 2024

213,030

194,894

23,486

3,516,684

The company's freehold land and buildings were reviewed for revaluation as at 31 October 2025 by the directors. The directors consider that no material revaluation was necessary for the year ended 31 October 2025. The valuation was undertaken through use of available market data and advice taken from an independent firm of professional valuers.

Cost or valuation at 31 October 2025 is represented by:

Assets

Freehold

Short

under

property

leasehold

construction

£

£

£

Valuation in 2024

149,423

-

-

Cost

2,491,212

328,117

22,003

2,640,635

328,117

22,003

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Valuation in 2024

-

-

-

149,423

Cost

313,965

298,558

42,350

3,496,205

313,965

298,558

42,350

3,645,628

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

35,000

Reclassification/transfer

215,000

At 31 October 2025

250,000

NET BOOK VALUE

At 31 October 2025

250,000

During the year a trade property was transferred to Investment property using a value of £215,000 which is considered its fair value at the date of transfer. A gain on revaluation has then been recognised of £35,000.

Fair value at 31 October 2025 is represented by:

£

Valuation in 2025

35,000

Cost

215,000

250,000

7.

STOCKS

31.10.25

31.10.24

£

£

Stocks

103,878

127,981

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

125,107

65,819

Other debtors

16,200

-

Prepayments and accrued income

47,783

44,185

189,090

110,004

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

89,037

82,160

Amounts owed to group undertakings

16,151

15,793

Social security and other taxes

29,940

27,961

VAT

69,993

69,267

Other creditors

40,019

30,621

Accruals and deferred income

269,175

233,250

514,315

459,052

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Amounts owed to group undertakings

853,927

600,142

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.25

31.10.24

£

£

Within one year

37,500

-

Between one and five years

37,500

75,000

75,000

75,000

12.	SECURED DEBTS

The company has given a cross guarantee and debenture between Global Machinery Solutions Limited and Heathpatch Limited dated 15 September 2020 to Barclays Bank Plc.

The company has entered into a Composite Accounting Agreement with an unlimited guarantee to Barclays Bank Plc. The participating companies in the guarantee are: Global Machinery Solutions Limited, Camden Boss limited and the ultimate parent company, Heathpatch Limited. The agreement allows for interest to be set off and debit balances to be used in reducing liabilities within the Composite Accounting System.

13.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

-

52,199

Deferred

tax

£

Balance at 1 November 2024

52,199

Movement

(52,199

)

Balance at 31 October 2025

-

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

200,100

Ordinary

£1

200,100

200,100

15.

RESERVES

Retained

Share

Revaluation

earnings

premium

reserve

Totals

£

£

£

£

At 1 November 2024

(2,446,981

)

4,654,885

319,077

2,526,981

Deficit for the year

(306,016

)

-

-

(306,016

)

Transfer to/from

revaluation reserve

(29,710

)

-

29,710

-

At 31 October 2025

(2,782,707

)

4,654,885

348,787

2,220,965

Included in the revaluation reserve is £35,000 relating to the unrealised gain on investment property.

16.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kristi Johnson ACA CTA (Senior Statutory Auditor)

for and on behalf of Hardcastle Burton LLP

17.	PENSION COMMITMENTS

The pension cost charge represents contributions payable by the company to the fund and amounted to £33,934 (2024: £18,265). At the end of the year 31 October 2025 there was a balance of £4,012 (2024: £4,057) outstanding to be paid.

18.	POST BALANCE SHEET EVENTS

After the reporting date, on 23 January 2026, the company acquired The Angel Hotel, a public house, for a consideration of £750,000.

19.	PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

The ultimate parent company is Heathpatch Limited, a company registered in England and Wales. The largest and smallest group of undertakings for which group accounts have been drawn up is that headed by Heathpatch Limited and copies are available from the Registrar of Companies (www.companieshouse.gov.uk). There is no overall controlling party.