Company registration number 01043962 (England and Wales)
HAINSWORTH STERNE & CO LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
HAINSWORTH STERNE & CO LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HAINSWORTH STERNE & CO LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,697
2,465
Investment property
4
5,015,000
5,015,000
5,016,697
5,017,465
Current assets
Debtors
5
3,272
56,059
Cash at bank and in hand
2,301,643
2,032,550
2,304,915
2,088,609
Creditors: amounts falling due within one year
6
(241,782)
(190,705)
Net current assets
2,063,133
1,897,904
Total assets less current liabilities
7,079,830
6,915,369
Provisions for liabilities
(346,615)
(293,947)
Net assets
6,733,215
6,621,422
Capital and reserves
Called up share capital
2,000
2,000
Fair value reserve
1,670,713
1,723,381
Profit and loss reserves
5,060,502
4,896,041
Total equity
6,733,215
6,621,422
HAINSWORTH STERNE & CO LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2026
28 February 2026
- 2 -

For the financial year ended 28 February 2026 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 director acknowledges her 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 August 2026
Ms P Sterne
Director
Company registration number 01043962 (England and Wales)
HAINSWORTH STERNE & CO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 3 -
1
Accounting policies
Company information

Hainsworth Sterne & Co Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 197 High Street, Boston Spa, Wetherby, West Yorkshire, UK, LS23 6AA.

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 are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Rental income is recognised as revenue on a straight line basis over the lease term and is measured at fair value of the consideration received or receivable.

1.3
Tangible fixed assets

Tangible fixed assets, other than investment properties, are measured at cost less accumulated depreciation and any accumulated 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:

Furniture, fittings and equipment
20% on reducing balance
Computer equipment
33% straight line
Motor vehicles
25% on reducing balance
1.4
Investment property

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

1.5
Impairment of fixed assets

Fixed assets are assessed at each reporting date to determine whether there is any indication that the assets are impaired. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared to its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised in the profit and loss account, The reversal of an impairment loss is recognised immediately in the profit and loss account.

1.6
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.

HAINSWORTH STERNE & CO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 4 -
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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares 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.

1.7
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

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.

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.

1.8
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.

2
Employees

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

2026
2025
Number
Number
Total
1
1
HAINSWORTH STERNE & CO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 5 -
3
Tangible fixed assets
Furniture, fittings and equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2025 and 28 February 2026
4,500
975
21,555
27,030
Depreciation and impairment
At 1 March 2025
2,657
650
21,258
24,565
Depreciation charged in the year
369
325
74
768
At 28 February 2026
3,026
975
21,332
25,333
Carrying amount
At 28 February 2026
1,474
-
0
223
1,697
At 28 February 2025
1,843
325
297
2,465

The company's freehold investment properties are included at the director's estimate of their open market value at 2 8 February 202 5. The historical cost of these properties is £2,784,226 (202 4: £2,784,226).

All other tangible assets are stated at cost.

4
Investment property
2026
£
Fair value
At 1 March 2025 and 28 February 2026
5,015,000
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
1,330
2,336
Other debtors
-
0
50,000
Prepayments and accrued income
1,942
3,723
3,272
56,059
HAINSWORTH STERNE & CO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 6 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
434
-
0
Taxation and social security
97,959
45,601
Other creditors
129,295
130,887
Accruals and deferred income
14,094
14,217
241,782
190,705
7
Fair value reserve
2026
2025
£
£
At the beginning of the year
1,723,381
1,723,381
Other movements
(52,668)
-
At the end of the year
1,670,713
1,723,381
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