REGISTERED NUMBER: 09801607 (England and Wales)

HORDEUM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

D A H Barley

REGISTERED OFFICE:

69 London Road

Preston

Brighton

BN1 6RP

REGISTERED NUMBER:

09801607 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Investment property

4

448,000

448,000

CURRENT ASSETS

Debtors

5

6,419

779

Cash at bank

4,279

11,794

10,698

12,573

CREDITORS

Amounts falling due within one year

6

2,949

5,866

NET CURRENT ASSETS

7,749

6,707

TOTAL ASSETS LESS CURRENT LIABILITIES

455,749

454,707

CREDITORS

Amounts falling due after more than one year

7

(300,125

)

(300,125

)

PROVISIONS FOR LIABILITIES

(37,055

)

(37,055

)

NET ASSETS

118,569

117,527

CAPITAL AND RESERVES

Called up share capital

9

100

100

Non-distributable retained

earnings

10

152,250

152,250

Retained earnings

10

(33,781

)

(34,823

)

SHAREHOLDERS' FUNDS

118,569

117,527

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

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

The director acknowledges his 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 director and authorised for issue on 6th September 2026 and were signed by:

D A H Barley - Director

1.	STATUTORY INFORMATION

Hordeum 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.

Turnover

Turnover is the gross rental income receivable.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st October 2024

and 30th September 2025

448,000

NET BOOK VALUE

At 30th September 2025

448,000

At 30th September 2024

448,000

The fair values of the investment properties have been arrived at based on a valuation carried out by the directors on 30 September 2025. The directors have a good knowledge of the property market where the properties are located. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors confirm that there is no material change in fair value between the valuation date and the reporting date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15

-

Other debtors

6,404

779

6,419

779

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

1,430

-

Other creditors

1,519

5,866

2,949

5,866

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

300,125

300,125

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

300,125

300,125

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

300,125

300,125

The company has four bank loans, one relating to each of the properties it owns. Each loan is secured by a charge on the property to which it relates.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Non-distributable

Retained

retained

earnings

earnings

Totals

£

£

£

At 1st October 2024

(34,823

)

152,250

117,427

Profit for the year

1,042

1,042

At 30th September 2025

(33,781

)

152,250

118,469

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

D A H Barley

Balance outstanding at start of year

-

-

Amounts advanced

4,236

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,236

-

At 30/09/2025, the above balance was due from the director. No interest was charged on the outstanding amount, which was repayable on demand.