Company Registration No. 03227005 (England and Wales)
HABENDUM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
HABENDUM LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
HABENDUM LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
1,681
4,496
Investment property
6
29,370,000
30,267,500
29,371,681
30,271,996
Current assets
Debtors
7
2,227,001
745,116
Cash at bank and in hand
2,369,072
1,840,709
4,596,073
2,585,825
Creditors: amounts falling due within one year
8
(2,076,856)
(2,370,727)
Net current assets
2,519,217
215,098
Total assets less current liabilities
31,890,898
30,487,094
Creditors: amounts falling due after more than one year
9
-
0
(200,000)
Provisions for liabilities
(35,361)
-
Net assets
31,855,537
30,287,094
Capital and reserves
Called up share capital
11
1,500,000
1,500,000
Profit and loss reserves
30,355,537
28,787,094
Total equity
31,855,537
30,287,094
HABENDUM LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
2025
2024
Notes
£
£
£
£
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account true or the directors' report within the financial statements.

The financial statements were approved by the board of directors and authorised for issue on 16 July 2026 and are signed on its behalf by:
Mrs JM Hancock
Director
Company registration number 03227005 (England and Wales)
HABENDUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Habendum Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor, County House, 100 New London Road, Chelmsford, Essex, CM2 0RG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rental income due for the financial year net of VAT and trade discounts.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

HABENDUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, t hat 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HABENDUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed 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.

HABENDUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
2
Judgements and key sources of estimation uncertainty
(Continued)
- 6 -
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Revaluation of investment properties to fair value

Investment properties are revalued each year at each reporting date to fair value. The directors engage a qualified external valuer with experience in the area and sector to value the properties to ensure that the carrying value of investment property is reasonable and accurate.

Deferred taxation arising on property revaluation

The impact on the deferred tax provision carried within the financial statements from any change in the valuation of properties and tax rates are considered at each reporting date. A calculation is made which factors in the rate of corporation tax that is substantively enacted at the balance sheet date, revaluation of the properties and any indexation that may be available should a property be sold and the deferred tax provision adjusted within the financial statements accordingly.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
4
Fair value gains / (losses) on investment properties
2025
2024
£
£
Fair value gains/(losses)
Fair value gains/(losses) on investment properties
(115,748)
712,400
HABENDUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025 and 31 December 2025
13,359
Depreciation and impairment
At 1 January 2025
8,863
Depreciation charged in the year
2,815
At 31 December 2025
11,678
Carrying amount
At 31 December 2025
1,681
At 31 December 2024
4,496
6
Investment property
2025
£
Fair value
At 1 January 2025
30,267,500
Additions
893,248
Disposals
(1,675,000)
Revaluations
(115,748)
At 31 December 2025
29,370,000

The investment properties were valued as at 31 December 20 2 5 by Nicholas Percival, Chartered Surveyors on an open market basis. The properties were valued at £29,3 7 0,000 (20 2 4: £30,267,500). No depreciation has been provided in respect of these properties.

The historical cost of the properties is £2 4,109,3 4 3 (20 2 4: £27,931,392).

In accordance with FRS102 a provision has been made for deferred taxation which would arise in respect of the revaluation surplus/deficit.

7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
273,325
247,662
Other debtors
1,953,676
491,454
2,227,001
739,116
HABENDUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
7
Debtors
(Continued)
- 8 -
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
-
0
6,000
Total debtors
2,227,001
745,116
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
250,000
Trade creditors
95,941
36,902
Corporation tax
135,556
286,641
Other taxation and social security
314,180
62,476
Other creditors
1,531,179
1,734,708
2,076,856
2,370,727

Bank loans are secured by a fixed and floating charge over the freehold and leasehold properties of the company.

9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
200,000

Bank loans are secured by a fixed and floating charge over the freehold and leasehold properties of the company.

10
Profit and loss reserves

The non-distributable element of the profit and loss reserve, relating to investment property revaluations at the year end net of associated deferred tax was £5,260,657 (20 2 4: £2,216,911).

11
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
1,500,000 Ordinary of £1 each
1,500,000
1,500,000
HABENDUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
12
Related party transactions

At the balance sheet the company owed the directors £783,139 (20 2 4: £958,139).

2025-12-31 2025-01-01 false false false 20 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mrs JM Hancock Miss EL Hancock Mr HT Hancock 03227005 2025-01-01 2025-12-31 03227005 2025-12-31 03227005 2024-12-31 03227005 core:OtherPropertyPlantEquipment 2025-12-31 03227005 core:OtherPropertyPlantEquipment 2024-12-31 03227005 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 03227005 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03227005 core:CurrentFinancialInstruments 2025-12-31 03227005 core:CurrentFinancialInstruments 2024-12-31 03227005 core:Non-currentFinancialInstruments 2025-12-31 03227005 core:Non-currentFinancialInstruments 2024-12-31 03227005 core:ShareCapital 2025-12-31 03227005 core:ShareCapital 2024-12-31 03227005 core:RetainedEarningsAccumulatedLosses 2025-12-31 03227005 core:RetainedEarningsAccumulatedLosses 2024-12-31 03227005 core:ShareCapitalOrdinaryShareClass1 2025-12-31 03227005 core:ShareCapitalOrdinaryShareClass1 2024-12-31 03227005 bus:Director1 2025-01-01 2025-12-31 03227005 core:FurnitureFittings 2025-01-01 2025-12-31 03227005 2024-01-01 2024-12-31 03227005 core:OtherPropertyPlantEquipment 2024-12-31 03227005 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 03227005 2024-12-31 03227005 core:AfterOneYear 2025-12-31 03227005 core:AfterOneYear 2024-12-31 03227005 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03227005 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03227005 bus:FRS102 2025-01-01 2025-12-31 03227005 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 03227005 bus:Director2 2025-01-01 2025-12-31 03227005 bus:Director3 2025-01-01 2025-12-31 03227005 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP