REGISTERED NUMBER: 03596626 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

HALL CONTRACTS (LAKENHEATH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Hall

Mrs N F Hall

SECRETARY:

J Hall

REGISTERED OFFICE:

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

03596626 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

4

840,997

840,548

Investments

5

128,999

901

Investment property

6

12,361,743

10,185,000

13,331,739

11,026,449

CURRENT ASSETS

Stocks

10,800

843,539

Debtors

7

3,272,445

3,446,911

Cash at bank

107,086

10,730

3,390,331

4,301,180

CREDITORS

Amounts falling due within one year

8

1,567,282

805,743

NET CURRENT ASSETS

1,823,049

3,495,437

TOTAL ASSETS LESS CURRENT LIABILITIES

15,154,788

14,521,886

CREDITORS

Amounts falling due after more than one year

9

(1,411,516

)

(1,450,630

)

PROVISIONS FOR LIABILITIES

(1,216,254

)

(1,101,353

)

NET ASSETS

12,527,018

11,969,903

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

4,410,721

4,058,817

Retained earnings

8,116,296

7,911,085

SHAREHOLDERS' FUNDS

12,527,018

11,969,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 27 August 2026 and were signed on its behalf by:

J Hall - Director

1.	STATUTORY INFORMATION

Hall Contracts (Lakenheath) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

4% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pensions

The company operates a small self administered scheme. Contributions payable for the year are charged in the profit and loss account.

Consolidation

The parent company and its subsidiary undertaking comprise a small group. The company has therefore taken advantage of the exemption provided by section 399(1) of the Companies Act 2006 not to prepare group accounts.

Investment properties

In accordance with standard accounting practice, investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve. No depreciation or amortisation is provided in respect of freehold investment properties and leasehold investment properties with over 20 years to run.

Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that the policy of not providing depreciation is necessary in order to give a true and fair view, since the current value of investment properties, and changes to that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been included cannot be separately identified or quantified.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

Motor

buildings

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 December 2024

396,610

1,418,802

10,431

207,769

2,033,612

Additions

-

129,325

2,981

5,800

138,106

Disposals

-

(12,236

)

-

-

(12,236

)

At 30 November 2025

396,610

1,535,891

13,412

213,569

2,159,482

DEPRECIATION

At 1 December 2024

186,247

883,771

7,008

116,038

1,193,064

Charge for year

15,864

89,379

443

20,201

125,887

Eliminated on disposal

-

(466

)

-

-

(466

)

At 30 November 2025

202,111

972,684

7,451

136,239

1,318,485

NET BOOK VALUE

At 30 November 2025

194,499

563,207

5,961

77,330

840,997

At 30 November 2024

210,363

535,031

3,423

91,731

840,548

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 December 2024

139,461

Additions

89,000

At 30 November 2025

228,461

DEPRECIATION

At 1 December 2024

28,328

Charge for year

25,568

At 30 November 2025

53,896

NET BOOK VALUE

At 30 November 2025

174,565

At 30 November 2024

111,133

5.	FIXED ASSET INVESTMENTS

Interest

Shares in

in

group

associate

undertakings

Totals

£

£

£

COST

At 1 December 2024

-

901

901

Additions

128,099

1

128,100

Disposals

-

(2

)

(2

)

At 30 November 2025

128,099

900

128,999

NET BOOK VALUE

At 30 November 2025

128,099

900

128,999

At 30 November 2024

-

901

901

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

10,185,000

Additions

384,740

Revaluations

469,205

Reclassification from stock

1,322,798

At 30 November 2025

12,361,743

NET BOOK VALUE

At 30 November 2025

12,361,743

At 30 November 2024

10,185,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2025

12,361,743

If investment property had not been revalued it would have been included at the following historical cost:

30.11.25

30.11.24

£

£

Cost

6,890,768

5,183,230

Investment property was valued on an open market basis on 30 November 2025 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

-

163

Amounts owed by group undertakings

2,700,434

3,418,838

Amounts owed by associates

2,108

-

Other debtors

569,903

27,910

3,272,445

3,446,911

Amounts owed by group companies are secured by the way of a debenture.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

68,132

64,459

Hire purchase contracts

34,792

19,020

Trade creditors

16,847

4,614

Taxation and social security

97,672

105,897

Other creditors

1,349,839

611,753

1,567,282

805,743

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

1,067,079

914,877

Hire purchase contracts

94,437

56,753

Other creditors

250,000

479,000

1,411,516

1,450,630

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 years

754,065

753,730

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

1,135,211

979,336

Hire purchase contracts

129,229

75,773

Retirement benefit scheme loan

400,920

648,920

1,665,360

1,704,029

Assets acquired under hire purchase agreements remain the property of the finance company until the agreement is complete.

Two mortgages are secured by a debenture in favour of Handelsbanken plc by way of fixed and floating charges over the assets of the company.

The remaining mortgages are secured by charges on properties in favour of CHL Mortgages for Intermediaries Limited. These mortgages were transferred to Jasper Mortgages Limited during the year.

The retirement benefit scheme loans are secured by a debenture in favour of Hall Contracts Limited Retirement Benefit Scheme by way of fixed charges over the assets of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

J Hall

Balance outstanding at start of year

-

110,368

Amounts advanced

-

40,789

Amounts repaid

-

(151,157

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

12.	RELATED PARTY DISCLOSURES

At the period end, there was an interest free loan owed from a group company amounting to £2,700,434 (2024 - £2,425,946).

An interest free loan was also owed by a company under common control of £562,323 (2024 - £992,892) and an associate company owed £2,108 (2024 - £Nil) to Hall Contracts (Lakenheath) Ltd.