Hayne Securities Limited

	Page
Company Information	1
Accountant's Report	2
Balance Sheet	3—4
Statement of Changes in Equity	5
Notes to the Financial Statements	6—10

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Accountant's Report

For The Year Ended 31 December 2025

Accountant's Report

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Hayne Securities Limited for the year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Hayne Securities Limited for the year ended 31 December 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Hayne Securities Limited , as a body, in accordance with the terms of our engagement letter dated 21 September 2017. Our work has been undertaken solely to prepare for your approval the accounts of Hayne Securities Limited and state those matters that we have agreed to state to the directors of Hayne Securities Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hayne Securities Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Hayne Securities Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Hayne Securities Limited . You consider that Hayne Securities Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Hayne Securities Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

10/09/2026

Barry Watson FCA

Chartered Accountant

The Whitehouse Cottage

Vicarage Lane

Curdridge

Hampshire

SO32 2DP

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Hayne Securities Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 3384748

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		52,318
Investments	6		3,838,811		4,640,861

			3,838,811		4,693,179
CURRENT ASSETS
Debtors	7	58,502		429,280
Cash at bank and in hand		1,280,572		301,609

		1,339,074		730,889
Creditors: Amounts Falling Due Within One Year	8	(344,927 )		(277,763 )

NET CURRENT ASSETS (LIABILITIES)			994,147		453,126

TOTAL ASSETS LESS CURRENT LIABILITIES			4,832,958		5,146,305

Creditors: Amounts Falling Due After More Than One Year	9		(269,000 )		(269,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(234,988 )		(234,988 )

NET ASSETS			4,328,970		4,642,317

CAPITAL AND RESERVES
Called up share capital	12		1,999		1,999
Share premium account			2,484,433		2,484,433
Revaluation reserve	14		1,507,525		1,507,525
Fair value reserve	14		-		(79,828 )
Profit and Loss Account			335,013		728,188

SHAREHOLDERS' FUNDS			4,328,970		4,642,317

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Hayne Securities Limited

Balance Sheet (continued)

As At 31 December 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Rachel George

Director

10/09/2026

The notes on pages 6 to 10 form part of these financial statements.

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Hayne Securities Limited

Statement of Changes in Equity

For The Year Ended 31 December 2025

Statement of Changes in Equity

	Share Capital	Share Premium	Revaluation reserve	Fair value reserve
	£	£	£	£
As at 1 January 2024	1,999	-	1,438,430	51,958
Profit for year	-	-	-	-

Net investment property revaluation reserve	-	-	69,095	-

Other comprehensive income for the year	-	-	69,095	-

Total comprehensive income for the year	-	-	69,095	-

Dividends paid	-	-	-	-
Arising on shares issued during the period	-	2,484,433	-	-
Movements in fair value reserve	-	-	-	(131,786)

As at 31 December 2024 and 1 January 2025	1,999	2,484,433	1,507,525	(79,828 )


Profit for the year and total comprehensive income	-	-	-	-

Dividends paid	-	-	-	-
Movements in fair value reserve	-	-	-	79,828

As at 31 December 2025	1,999	2,484,433	1,507,525	-

	Profit and Loss Account	Total
	£	£
As at 1 January 2024	996,535	2,488,922
Profit for year	187,981	187,981

Net investment property revaluation reserve	-	69,095

Other comprehensive income for the year	-	69,095

Total comprehensive income for the year	187,981	257,076

Dividends paid	(456,328)	(456,328)
Arising on shares issued during the period	-	2,484,433
Movements in fair value reserve	-	(131,786)

As at 31 December 2024 and 1 January 2025	728,188	4,642,317


Profit for the year and total comprehensive income	230,825	230,825

Dividends paid	(624,000)	(624,000)
Movements in fair value reserve	-	79,828

As at 31 December 2025	335,013	4,328,970

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Hayne Securities Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Hayne Securities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 3384748 . The registered office is Hayne, Corfe, Taunton, Somerset, TA3 7DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Leasehold	period of lease, if less than 50 years
Plant & Machinery	33%
Motor Vehicles	25%
Fixtures & Fittings	33%
Computer Equipment	33%

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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Hayne Securities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	53,088	36,978	19,350	10,248	119,664
Disposals	(53,088 )	(36,978 )	(19,350 )	(10,248 )	(119,664 )

As at 31 December 2025	-	-	-	-	-

Depreciation
As at 1 January 2025	22,670	17,073	19,349	8,254	67,346
Provided during the period	-	-	-	1,993	1,993
Disposals	(22,670 )	(17,073 )	(19,349 )	(10,247 )	(69,339 )

As at 31 December 2025	-	-	-	-	-

Net Book Value
As at 31 December 2025	-	-	-	-	-

As at 1 January 2025	30,418	19,905	1	1,994	52,318

The company's fixed assets were transferred at net book value to its parent company, Filiae Limited

5. Investment Property

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	-	2,776,280

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Hayne Securities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Investments

	Unlisted	Other	Total
	£	£	£
Cost
As at 1 January 2025	313,045	4,502,781	4,815,826
Disposals	(313,045 )	(663,970 )	(977,015 )

As at 31 December 2025	-	3,838,811	3,838,811

Provision
As at 1 January 2025	174,965	-	174,965
Disposals	(174,965 )	-	(174,965 )

As at 31 December 2025	-	-	-

Net Book Value
As at 31 December 2025	-	3,838,811	3,838,811

As at 1 January 2025	138,080	4,502,781	4,640,861

Unlisted Securities

Shares in Hayne Securities SL "HSSL"

The company held a minority shareholding in this Spanish company, HSSL. HSSL entered volutary liquidation on 23 September 2025., and the company has been liquidated under Spanish law. On liquidation the company received a capital sum of £158,500.

Other - Freehhold properties

The company holds numerous freehold properties as investments, including freehold properties and freehold reversions in flats and similar properties.

The freehold reversions have been revalued in accordance with the lease terms, where increases in the ground rent payable have occurred.

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	57,386	30,914
Ground rents payable in advance	-	23,328
Prepayments and accrued income	398	6,753
Other taxes and social security	718	676
Amounts owed by group undertakings	-	367,609

	58,502	429,280

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Hayne Securities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	50,487	69,242
Corporation tax	89,308	86,508
Ground rent paid in advance	65,863	23,328
Parkwood current account	116,114	67,250
Accruals and deferred income	19,622	31,435
Amounts owed to parent undertaking	3,533	-

	344,927	277,763

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
8% Preference Shares	269,000	269,000

The Preference shares have no right to vote at general meetings. The Preference shares rank ahead of the A, B & C ordinary shares in repect of the dividend distributions at a rate of 8% per annum.

Each Preference share is redeemable in whole or part and were redeemed in 2026.

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	234,988	234,988

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2025	234,988	234,988

Balance at 31 December 2025	234,988	234,988

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,999	1,999

The shares may be designated A, B or C Ordinary shares.Each share is entitled to one vote in any circumstances.

Each share is entitled pari passu to dividend payments or any other distribution, save the directors in their absolute descretion at any time recommend daclare or pay dividends or distributions on one class but not another or at different rates.

Each share is entitled pari passu to participate in a distribution arising from a winding up of the company.

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Hayne Securities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	624,000	456,328

14. Reserves

	Revaluation Reserve	Fair Value Reserve
	£	£
As at 1 January 2025	1,507,525	(79,828 )
Movements in fair value reserve	-	79,828

As at 31 December 2025	1,507,525	-

The Revaluation reserve is in ralation to the company's investments in freehold properties. The valuation of which has been assessed after taking into account any revsisons in the ground rents, under the terms of the leases.

The fair value reserve relates tot he company's shareholding in an assocated company, which was liquidated during the year. Upon disposal the company no longer needed a fair value reserve.

15. Post Balance Sheet Events

The comany redeemed its preference shares out of capital in March 2026. The redemption will be accounted for in the 2026 accounts.

16. Related Party Transactions

17. Parent Undertaking and Controlling Party

The company's immediate and parent undertaking is Filiae Limited . Filiae Limited was incorporated in England & Wales - Company number 03370800

Mr C George and Mrs R George acting together who control 100% of the shares of Filiae Ltd .

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Directors	Mrs Rachel George
	Mr Christopher George

Company Number	3384748

Registered Office	Hayne
	Corfe
	Taunton
	Somerset
	TA3 7DB

Accountants	Barry Watson FCA
	Chartered Accountant
	The Whitehouse Cottage
	Vicarage Lane
	Curdridge
	Hampshire
	SO32 2DP