REGISTERED NUMBER: 10723990 (England and Wales)

HORWILL CARNE DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J G H Carne

Mr J A J Ribbans

REGISTERED OFFICE:

Highland House

Mayflower Close

Chandler's Ford

Hampshire

SO53 4AR

REGISTERED NUMBER:

10723990 (England and Wales)

FIXED ASSETS

Tangible assets

4

134,405

169,449

CURRENT ASSETS

Stocks

77,749

88,463

Debtors

5

38,943

41,655

Cash at bank

48,235

98,210

164,927

228,328

CREDITORS

Amounts falling due within one year

6

(176,579

)

(181,552

)

NET CURRENT (LIABILITIES)/ASSETS

(11,652

)

46,776

TOTAL ASSETS LESS CURRENT LIABILITIES

122,753

216,225

CREDITORS

Amounts falling due after more than one year

7

(33,737

)

(54,174

)

PROVISIONS FOR LIABILITIES

(27,124

)

(35,472

)

NET ASSETS

61,892

126,579

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

61,492

126,179

61,892

126,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 22 September 2026 and were signed on its behalf by:

Mr J G H Carne - Director

1.	STATUTORY INFORMATION

Horwill Carne Developments 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The principal accounting policies adopted are set out below.

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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

-

15% Reducing balance

Motor vehicles

-

25% Reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2025

89,244

168,703

11,664

269,611

Additions

2,500

-

2,223

4,723

At 30 April 2026

91,744

168,703

13,887

274,334

DEPRECIATION

At 1 May 2025

28,037

65,416

6,709

100,162

Charge for year

9,212

25,823

4,732

39,767

At 30 April 2026

37,249

91,239

11,441

139,929

NET BOOK VALUE

At 30 April 2026

54,495

77,464

2,446

134,405

At 30 April 2025

61,207

103,287

4,955

169,449

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,722

34,605

Amounts owed by group undertakings

8,475

-

Other debtors

26,746

7,050

38,943

41,655

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

39,818

50,032

Trade creditors

61,739

72,495

Amounts owed to group undertakings

16,026

-

Taxation and social security

44,900

46,424

Other creditors

14,096

12,601

176,579

181,552

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

33,737

54,174

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

73,555

104,206

Debts are secured against the hire purchase assets in which they relate to.

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Ricar Group Ltd.

The registered office of Ricar Group Ltd is:

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

10.	OPERATING LEASES

At the balance sheet date the company had future commitments under operating leases which totalled £1,727 (2025 - £5,650).