REGISTERED NUMBER: 00363312 (England and Wales)

Trebartha Estates Limited

Unaudited Financial Statements

for the Year Ended 25th March 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J R T Barker

R J Latham

C E Latham

P B G Latham

R A C Latham

P A J Latham

T P W Barker

SECRETARY:

R A C Latham

REGISTERED OFFICE:

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

REGISTERED NUMBER:

00363312 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

FIXED ASSETS

Tangible assets

4

14,389

19,186

Investments

5

411,314

411,314

Investment property

6

36,147,281

37,982,504

36,572,984

38,413,004

CURRENT ASSETS

Debtors

7

191,533

92,072

Cash at bank

261,868

160,224

453,401

252,296

CREDITORS

Amounts falling due within one year

8

(295,747

)

(203,385

)

NET CURRENT ASSETS

157,654

48,911

TOTAL ASSETS LESS CURRENT LIABILITIES

36,730,638

38,461,915

CREDITORS

Amounts falling due after more than one year

9

(138,965

)

(178,498

)

PROVISIONS FOR LIABILITIES

(8,624,464

)

(9,072,628

)

NET ASSETS

27,967,209

29,210,789

CAPITAL AND RESERVES

Called up share capital

40,000

40,000

Profit and Loss Account

27,927,209

29,170,789

SHAREHOLDERS' FUNDS

27,967,209

29,210,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25th March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 25th March 2026 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 1st September 2026 and were signed on its behalf by:

R J Latham - Director

1.	STATUTORY INFORMATION

Trebartha Estates 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.

Turnover

Turnover represents rents and water charges receivable in the year. It also includes income from Holiday Letting and Woodlands. Turnover is shown excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost, 25% on reducing balance and 10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-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.

Government grants

Government grants are recognised in the income statement over the periods in which the entity recognises the related costs for which the grants are intended to compensate. For grants relating to assets, the grant is recognised as deferred income and released to the income statement in proportion to the depreciation of the related asset over its useful life. For revenue-based grants, the grant income is recognised in the income statement in the same periods as the related expenses for which the grant is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST OR VALUATION

At 26th March 2025

and 25th March 2026

135,999

DEPRECIATION

At 26th March 2025

116,813

Charge for year

4,797

At 25th March 2026

121,610

NET BOOK VALUE

At 25th March 2026

14,389

At 25th March 2025

19,186

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 26th March 2025

and 25th March 2026

411,314

NET BOOK VALUE

At 25th March 2026

411,314

At 25th March 2025

411,314

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Associated company

Trebartha Hydro Ltd - A 49% shareholding was acquired on 9th March 2015.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 26th March 2025

37,982,504

Additions

51,591

Disposals

(1,886,814

)

At 25th March 2026

36,147,281

NET BOOK VALUE

At 25th March 2026

36,147,281

At 25th March 2025

37,982,504

Fair value at 25th March 2026 is represented by:

£

Valuation in 2009

2,139,811

Valuation in 2010

303,835

Valuation in 2011

896,043

Valuation in 2012

3,599,573

Valuation in 2018

15,718,768

Valuation in 2022

9,597,801

Valuation in 2023

2,102,089

Valuation in 2024

1,284,659

Valuation in 2025

1,058,405

Valuation in 2026

(1,656,814

)

Cost

1,103,111

36,147,281

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

2026

2025

£

£

Cost

1,103,111

1,051,519

Investment property was valued on an open market basis on 25th March 2026 by the board of Directors of the Company .

Note that the revaluation shown in 2009 contains all pre 2009 revaluations.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

85,100

57,984

Other debtors

106,433

34,088

191,533

92,072

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

38,027

36,520

Trade creditors

70,075

74,885

Taxation and social security

14,031

-

Other creditors

173,614

91,980

295,747

203,385

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

116,766

156,299

Other creditors

22,199

22,199

138,965

178,498

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

10,218

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

154,793

192,819

Barclays Bank PLC has a fixed and floating charge over the company's assets, property and undertakings.

11.	RELATED PARTY DISCLOSURES

Trebartha Estates Ltd owns 49% of the issued share capital of Trebartha Hydro Ltd. At the year end Trebartha Hydro Ltd owed £15,912 (2025 £9,007) of generation rent calculated as 7.5% of income. The total charge for generation rent for the year was £28,634 (2025: £28,361). Trebartha Hydro Ltd rents the land for the Hydro plant from Trebartha Estates at £20,000 (2025: £20,000) per annum.

12.	ULTIMATE CONTROLLING PARTY

No single entity or person has control over the company.