Holyfield Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11511668

HOLYFIELD ESTATES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2025

HOLYFIELD ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		2,825	2,164

Current assets

Debtors	6	1,593,528	1,315,130
Cash at bank and in hand		730,058	862,768
		------------	------------
		2,323,586	2,177,898

Creditors: amounts falling due within one year	7	1,398,159		1,196,957
		------------		------------
Net current assets			925,427	980,941
			---------	---------
Total assets less current liabilities			928,252	983,105

Provisions

Pensions and similar obligations	80,000		134,000
Taxation including deferred tax	( 10,756)		( 32,959)
	--------		---------
		69,244	101,041
		---------	---------
Net assets		859,008	882,064
		---------	---------

Capital and reserves

Called up share capital	8	1	1
Share premium account		518,299	518,299
Profit and loss account		340,708	363,764
		---------	---------
Shareholders funds		859,008	882,064
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 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 financial statements for the year in question in accordance with section 476 ;

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

HOLYFIELD ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 12 August 2026 , and are signed on behalf of the board by:

S C Merrifield	J S Merrifield
Director	Director

Company registration number: 11511668

HOLYFIELD ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Holyfield House, 1 Walton Well Road, Walton Street, Oxford.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Significant judgements and estimates

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.

Revenue recognition

The turnover shown in the profit and loss account represents invoices issued where an exchange of client property has taken place during the year, letting commissions,management fees receivable and recharged expenses, exclusive of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% reducing balance and 25% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly 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.

Impairment of fixed assets

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.

Trade and other debtors

Trade and other debtors are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price. Financial assets that are measured at cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Related parties

For the purposes of these financial statements, a party is considered to be related to the Company if:

(i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the Company or exercise significant influence over the Company in making financial and operating policy decisions, or has joint control over the Company;

(ii) the Company and the party are subject to common control;

(iii) the party is an associate of the Company or a joint venture in which the Company is a venturer;

(iv) the party is a member of key management personnel of the Company or the Company's parent, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

(v) the party is a close family member of a party referred to in (i) or is an entity under the control,joint control or significant influence of such individuals; or close family members of an individual are those family members who it may be expected to influence, or be influenced by, that individual in their dealings with the entity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 30 (2024: 27 ).

5. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 January 2025	4,075
Additions	1,526
	-------
At 31 December 2025	5,601
	-------
Depreciation
At 1 January 2025	1,911
Charge for the year	865
	-------
At 31 December 2025	2,776
	-------
Carrying amount
At 31 December 2025	2,825
	-------
At 31 December 2024	2,164
	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	151,734	164,843
Other debtors	1,441,794	1,150,287
	------------	------------
	1,593,528	1,315,130
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	3,781	3,835
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	14,245	12,714
Corporation tax	–	2,187
Social security and other taxes	92,355	123,026
Other creditors	1,291,559	1,059,030
	------------	------------
	1,398,159	1,196,957
	------------	------------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 0.01 each	100	1	100	1
	----	----	----	----

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	54,553	41,364
Later than 1 year and not later than 5 years	75,271	72,150
	---------	---------
	129,824	113,514
	---------	---------

10. Related party transactions

The company received management charges from companies in which Messrs E D J Thomas, S C Merrifield , D P Onion and J S Merrifield are directors. Management fees receivable for the year ended 31 December 2025 were £1,281,402 (2024 - £1,045,602). This amount is mostly included in debtors. Details of the charge for each company are set out below:- Management charges £ Thomas Merrifield Abingdon Limited 125,236 Thomas Merrifield Bicester Limited 209,606 Thomas Merrifield Didcot Limited 263,682 Thomas Merrifield Kidlington Limited 142,240 Thomas Merrifield Oxford Limited 150,846 Thomas Merrifield Wallingford Limited 122,716 Thomas Merrifield Wantage Limited 154,763 Thomas Merrifield Witney Limited 88,313 Holyfield Properties Limited 24,000 Holyfield Estates Limited operates out of the premises leased by Holyfield Properties Limited. There is no formal rent agreement in place between the two companies but the rent is paid by Holyfield Estates Limited directly. The rent paid by Holyfield Estates Limited for the year ended 31 December 2025 was £47,500 (2024 - £47,500). Thomas Merrifield Oxford Limited share the premises with Holyfield Estates Limited. A contribution of one third of the rent payable is made but there is no formal rent agreement in place. The rent paid for the year ended 31 December 2025 was £15,833 (2024 - £15,833).