Company No: 06880387 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	1,823,972		1,815,331
		1,823,972		1,815,331
Current assets
Stocks		1,000		1,000
Debtors	4	128,015		79,353
Cash at bank and in hand		98,022		96,133
		227,037		176,486
Creditors: amounts falling due within one year	5	( 249,044)		( 224,192)
Net current liabilities		(22,007)		(47,706)
Total assets less current liabilities		1,801,965		1,767,625
Creditors: amounts falling due after more than one year	6	( 730,000)		( 796,812)
Provision for liabilities		( 149,800)		( 154,000)
Net assets		922,165		816,813
Capital and reserves
Called-up share capital	7	100		100
Revaluation reserve		277,171		288,013
Profit and loss account		644,894		528,700
Total shareholder's funds		922,165		816,813

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Sainthill House Limited (registered number: 06880387) were approved and authorised for issue by the Director on 29 September 2026. They were signed on its behalf by:

B W Griffith Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sainthill House Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom and its principal place of business is Sainthill House, Cowick Lane, Exeter, Devon, EX2 9JG.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS102.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts and after eliminating sales within the company.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	40 years straight line
Plant and machinery	20 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	45		39

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2025	1,854,892		78,689		129,109		27,342		2,090,032
Additions	77,522		19,822		250		6,619		104,213
Disposals	0		( 15,465)		0		0		( 15,465)
At 31 March 2026	1,932,414		83,046		129,359		33,961		2,178,780
Accumulated depreciation
At 01 April 2025	210,219		31,588		23,437		9,457		274,701
Charge for the financial year	47,993		12,823		26,482		4,900		92,198
Disposals	0		( 12,091)		0		0		( 12,091)
At 31 March 2026	258,212		32,320		49,919		14,357		354,808
Net book value
At 31 March 2026	1,674,202		50,726		79,440		19,604		1,823,972
At 31 March 2025	1,644,673		47,101		105,672		17,885		1,815,331

Land and buildings comprises of freehold property only.

Revaluation of tangible assets

Freehold land and buildings were last revalued in November 2023 and the directors have confirmed that no revaluation was needed in this year.
Were these assets held under historical cost, the carrying value would be as follows:

	2026		2025
	£		£
Historical cost	1,490,767		1,413,245
Accumulated depreciation	(188,536)		(151,585)
Carrying value	1,302,231		1,261,660

4. Debtors

	2026		2025
	£		£
Trade debtors	67,548		61,051
Amounts owed by Parent undertakings	2,198		0
Amounts owed by director	7,534		5,233
Prepayments and accrued income	49,735		12,069
Other debtors	1,000		1,000
	128,015		79,353

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	32,280		30,360
Trade creditors	33,597		31,311
Accruals and deferred income	16,370		23,508
Taxation and social security	92,763		69,152
Obligations under finance leases and hire purchase contracts (secured)	32,513		18,931
Other creditors	41,521		50,930
	249,044		224,192

Hire purchase obligations are secured over the assets to which they relate.

The bank loans are secured by way of a first legal charge over the freehold property of the company. In addition, the director and his wife have provided a joint and several guarantee limited to £175,000. Security has also been pledged by way of a debenture over the parent company Vision ++ Limited.

6. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	702,055		736,354
Obligations under finance leases and hire purchase contracts (secured)	27,945		60,458
	730,000		796,812

Hire purchase obligations are secured over the assets to which they relate.

The bank loans are secured by way of a first legal charge over the freehold property of the company. In addition, the director and his wife have provided a joint and several guarantee limited to £175,000. Security has also been pledged by way of a debenture over the parent company Vision ++ Limited.

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 £1 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with the entity's director

	2026		2025
	£		£
Amounts owed by director at the beginning of the year	5,233		2,490
Movement in amounts repaid by director during the year	52,569		4,551
Movements in amounts due to director during the year	(50,268)		(1,808)
Amounts owed by director at the end of the year	7,534		5,233

The balance owed by the director is repayable on demand and does not attract interest.

Other related party transactions

	2026		2025
	£		£
Amounts owed by 100% parent company	2,198		0
Amounts owed to associated company	(11,331)		(39,653)

The balances owed by/(to) the parent and associated company are repayable on demand and do not attract interest.

9. Ultimate controlling party

Parent Company:

Vision ++ Limited

Centenary House, Peninsula Park, Rydon Lane, Exeter, Devon, England, EX2 7XE