REGISTERED NUMBER: 07495021 (England and Wales)

HAZELTIME LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H J Shipley Snr

W Shipley

H J Shipley Jnr

G Shipley

REGISTERED OFFICE:

National House

Etchell Road

Tamworth

Staffordshire

B78 3HF

REGISTERED NUMBER:

07495021 (England and Wales)

FIXED ASSETS

Tangible assets

4

6,149

7,304

Investments

5

2,908,340

1

Investment property

6

22,861,501

17,611,216

25,775,990

17,618,521

CURRENT ASSETS

Debtors

7

364,657

384,259

Cash at bank

1,309,266

1,368,223

1,673,923

1,752,482

CREDITORS

Amounts falling due within one year

8

1,936,118

860,488

NET CURRENT (LIABILITIES)/ASSETS

(262,195

)

891,994

TOTAL ASSETS LESS CURRENT LIABILITIES

25,513,795

18,510,515

CREDITORS

Amounts falling due after more than one year

9

(14,439,823

)

(8,373,897

)

PROVISIONS FOR LIABILITIES

(1,537

)

(1,826

)

NET ASSETS

11,072,435

10,134,792

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11,072,335

10,134,692

SHAREHOLDERS' FUNDS

11,072,435

10,134,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2026 and were signed on its behalf by:

H J Shipley Snr - Director

1.	STATUTORY INFORMATION

Hazeltime 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.

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.

As at 31st March 2026, the company's balance sheet reflected net current liabilities amounting to £262,195. However, included in creditors falling due for payment within one year are amounts of £762,695 owed to company directors. The directors have provided assurances that they will not request repayment of these loans until such time as the company has sufficient funds available and accordingly, the directors consider the going concern basis of preparation to be appropriate.

Significant judgements and estimates

Investment Properties

The value of the properties is assessed by the directors at each reporting date using publicly available market evidence comprising primarily of values of comparable properties in the area and national market statistics. However, it is inherently difficult to assess the true market value of the properties without actively marketing the properties for sale.

Turnover

Turnover is attributable to the principal activities of the company during the year. All invoiced amounts are stated exclusive of any discounts and 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

-

20% on reducing balance

Investment property

Investments properties are included within the financial statements at their fair value at the balance sheet date. No depreciation is charged on such properties in accordance with the provisions of the Financial Reporting Standard 102 as such properties are held for capital growth and rental income rather than consumption within the business.

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 NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

20,492

Additions

325

At 31 March 2026

20,817

DEPRECIATION

At 1 April 2025

13,188

Charge for year

1,480

At 31 March 2026

14,668

NET BOOK VALUE

At 31 March 2026

6,149

At 31 March 2025

7,304

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

1

Additions

2,908,339

At 31 March 2026

2,908,340

NET BOOK VALUE

At 31 March 2026

2,908,340

At 31 March 2025

1

Fixed asset investments is the cost of shares in an unquoted company.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

17,611,216

Additions

5,250,285

At 31 March 2026

22,861,501

NET BOOK VALUE

At 31 March 2026

22,861,501

At 31 March 2025

17,611,216

The company holds freehold property for investment purposes. The directors have decreased the fair value of certain properties by reference to external valuation reports prepared by suitably qualified persons and which indicated a material change to the carrying fair value. Such loss on fair value has been taken to the profit and loss account.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2019

875,537

Valuation in 2022

(1,100,000

)

Cost

23,085,964

22,861,501

Any gain or loss arising from a change in fair value is recognised in profit or loss in that accounting period.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade debtors

225,241

265,808

Amounts owed by participating interests

137,916

88,751

Other debtors

1,500

29,700

364,657

384,259

Other debtors include financial assets which are measured at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective rate of interest method.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Bank loans and overdrafts

150,000

150,000

Taxation and social security

432,422

262,975

Other creditors

1,353,696

447,513

1,936,118

860,488

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/26

31/3/25

£

£

Bank loans

1,537,500

1,687,500

Other creditors

12,902,323

6,686,397

14,439,823

8,373,897

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans repayable after 5

years

12,902,323

6,686,397

12,902,323

6,686,397

Repayable by instalments

Bank loans repayable after 5

years by instalments

937,500

1,087,500

937,500

1,087,500

Under the terms of the loan agreements in force the loans are repayable on demand at the request of the lender. However, as the lenders share common owners and Directors, the company has obtained a letter of postponement from the lender giving assurances that at the balance sheet date the loans would not be recalled in the following 12 months.

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/26

31/3/25

£

£

Bank loans

1,687,500

1,837,500

Loans - Shipley Loans Limited

7,883,168

1,658,960

9,570,668

3,496,460

11.	RELATED PARTY DISCLOSURES

Newmarket Lane Limited

The company is owed an amount by Newmarket Lane Limited on interest free terms, a company in which one third of the share capital is owned by Hazeltime Limited.

As at 31st March 2026, the company was owed £15,426 (2025 : £15,426).

Paragon Wakefield LLP

During the year, the company had a profit share of £6,935 (2025 : £6,968) from Paragon Wakefield LLP and was repaid loans of £6,000.

As at 31 March 2026, the company was owed £74,259 (2025 : £73,324 ) by the LLP.

The company is a corporate partner in the LLP.

Baxter & Shipley LLP

During the year, the company had a profit share of £98,231 (2025 : £Nil) from Baxter & Shipley LLP and was repaid loans of £50,000.

As at 31 March 2026, the company was owed £48,231 (2025 : £Nil ) by the LLP.

The company is a corporate partner in the LLP.