REGISTERED NUMBER: 09720185 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

HEDLEY JAMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D S Leathem

REGISTERED OFFICE:

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

REGISTERED NUMBER:

09720185 (England and Wales)

ACCOUNTANTS:

Studholme-Bell Limited

Chartered Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

FIXED ASSETS

Tangible assets

5

5,785,666

5,885,352

CURRENT ASSETS

Stocks

6

33,345

28,515

Debtors

7

1,200,959

1,058,030

Cash at bank and in hand

90,905

391,878

1,325,209

1,478,423

CREDITORS

Amounts falling due within one year

8

1,352,106

1,632,434

NET CURRENT LIABILITIES

(26,897

)

(154,011

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,758,769

5,731,341

CREDITORS

Amounts falling due after more than one year

9

(168,488

)

(261,174

)

PROVISIONS FOR LIABILITIES

(472,016

)

(481,412

)

NET ASSETS

5,118,265

4,988,755

CAPITAL AND RESERVES

Called up share capital

10

25,743

25,743

Revaluation reserve

11

3,599,310

3,599,310

Retained earnings

1,493,212

1,363,702

SHAREHOLDERS' FUNDS

5,118,265

4,988,755

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 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 9 September 2026 and were signed by:

D S Leathem - Director

1.	STATUTORY INFORMATION

Hedley James 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principle accounting policies adopted in the preparation of the financial statements are set out below. These have remained unchanged from the previous year and have been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of freehold property.

Revenue recognition

Revenue reflects sales receipts in respect of food, drink and venue hire, stated net of value added tax. Revenue is recognised on the date the event takes place.

Tangible fixed assets

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated, useful economic live, using the straight line method.

The estimated useful lives range as follows:

Plant and machinery

-

4 years straight line

Fixtures and fittings

-

4 years straight line

Computer equipment

-

3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

No depreciation is provided on freehold property. It is company practice to maintain these assets in a continual state of good repair and to make improvements on an ongoing basis, therefore the directors consider the lives of these assets are so long and residual values (based on price prevailing at the time of acquisition or subsequent revaluation) are so high, that their depreciation is insignificant. Any temporary surplus or deficits are charged to the revaluation reserve when deemed permanent.

Stocks

Stocks have been valued at the lower of cost and estimated selling price, less costs to sell after making due allowance for obsolete and slow moving items.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pension costs

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditor and bank loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2025 - 49 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 April 2025

5,500,000

108,391

170,860

Additions

-

-

-

Disposals

-

-

(3,290

)

At 31 March 2026

5,500,000

108,391

167,570

DEPRECIATION

At 1 April 2025

-

-

157,215

Charge for year

-

-

4,549

Eliminated on disposal

-

-

(3,290

)

At 31 March 2026

-

-

158,474

NET BOOK VALUE

At 31 March 2026

5,500,000

108,391

9,096

At 31 March 2025

5,500,000

108,391

13,645

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2025

371,993

86,556

46,584

6,284,384

Additions

48,719

-

5,924

54,643

Disposals

(34,362

)

(86,556

)

-

(124,208

)

At 31 March 2026

386,350

-

52,508

6,214,819

DEPRECIATION

At 1 April 2025

185,005

21,639

35,173

399,032

Charge for year

73,010

16,229

7,403

101,191

Eliminated on disposal

(29,912

)

(37,868

)

-

(71,070

)

At 31 March 2026

228,103

-

42,576

429,153

NET BOOK VALUE

At 31 March 2026

158,247

-

9,932

5,785,666

At 31 March 2025

186,988

64,917

11,411

5,885,352

Cost or valuation at 31 March 2026 is represented by:

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Valuation in 2022

1,849,310

-

-

Valuation in 2023

1,750,000

-

-

Cost

1,900,690

108,391

167,570

5,500,000

108,391

167,570

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Valuation in 2022

-

-

1,849,310

Valuation in 2023

-

-

1,750,000

Cost

386,350

52,508

2,615,509

386,350

52,508

6,214,819

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

31.3.26

31.3.25

£

£

Cost

1,900,690

1,900,690

Freehold land and property was valued on an open market basis on 7 July 2023 by Graham & Sibbald .

6.

STOCKS

31.3.26

31.3.25

£

£

Stocks

33,345

28,515

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

967,928

750,928

VAT

169,131

210,883

Prepayments

63,900

96,219

1,200,959

1,058,030

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

3,520

10,000

Other loans

40,001

42,750

Hire purchase contracts

-

6,752

Payments on account

1,174,243

1,343,305

Trade creditors

102,882

192,692

Social security and other taxes

-

6

Other creditors

4,537

4,095

Accruals and deferred income

26,923

32,834

1,352,106

1,632,434

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

-

3,931

Other loans - 1-2 years

40,001

42,750

Other loans - 2-5 years

120,003

128,250

Other loans more 5yrs instal

8,484

26,295

Hire purchase contracts

-

59,948

168,488

261,174

31.3.26

31.3.25

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

8,484

26,295

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

2,189,286

Ordinary Shares

£0.01

25,743

25,743

11.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

3,599,310