George Haines (Itchenor) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01757642 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

FOR

GEORGE HAINES (ITCHENOR) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Gladman

J Tremlett

J R Burnie

H M Roome

D J Maclean

D J Sloper

S J Snow

REGISTERED OFFICE:

Ferryside Boatyard

Itchenor

Chichester

West Sussex

PO20 7AN

REGISTERED NUMBER:

01757642 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Tangible assets

4

410,582

440,383

CURRENT ASSETS

Stocks

5

148,343

136,698

Debtors

6

229,371

422,950

Cash at bank and in hand

199,125

57,372

576,839

617,020

CREDITORS

Amounts falling due within one year

7

233,040

281,156

NET CURRENT ASSETS

343,799

335,864

TOTAL ASSETS LESS CURRENT
LIABILITIES

754,381

776,247

PROVISIONS FOR LIABILITIES

8

3,496

5,222

NET ASSETS

750,885

771,025

CAPITAL AND RESERVES

Called up share capital

9

251,785

Capital redemption reserve

10

10,780

Other reserves

10

(1,450

)

(2,500

)

Retained earnings

10

489,770

510,960

SHAREHOLDERS' FUNDS

750,885

771,025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 18 September 2026 and were signed on its behalf by:

J R Burnie - Director

J Tremlett - Director

1.	STATUTORY INFORMATION

George Haines (Itchenor) 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 presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors believe that the company has adequate resources and support from the directors and shareholders to continue trading as a going concern. The financial statements do not include any adjustment that would result if the going concern assumption was found to be inappropriate.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

• the company has transferred the significant risks and rewards of ownership to the buyer;

• the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

• the amount of turnover can be measured reliably;

• it is probable that the company will receive the consideration due under the transaction; and

• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

• the amount of turnover can be measured reliably;

• it is probable that the company will receive the consideration due under the contract;

• the stage of completion of the contract at the end of the reporting period can be measured reliably; and

• the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation (now deemed cost), net of depreciation and any impairment losses.

The freehold land and buildings were professionally revalued at open market value 30 September 2009. These valuations have been adopted as the deemed cost of the assets on transition to FRS 102 Section 1A.

Components of an asset are separated where their value is significant in relation to the total value of the asset and where those components have different useful lives to the remainder of the asset for depreciation purposes.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives. Depreciation is provided on the following bases:

Building components

- Between 25 and 50 years (land is not depreciated)

Plant and machinery etc

- 20% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.

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.

Treasury shares

The company's own shares that are purchased to be held in treasury are recognised as a deduction from equity. This recognition is the fair value of the consideration given for the treasury shares and is presented within 'other reserves'.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are

received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2025 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 July 2025

720,317

281,151

58,342

57,101

1,116,911

Additions

-

5,171

-

4,549

9,720

Disposals

-

(4,975

)

-

(4,975

)

At 30 June 2026

720,317

281,347

58,342

61,650

1,121,656

DEPRECIATION

At 1 July 2025

334,493

245,740

46,996

49,299

676,528

Charge for year

12,943

16,288

5,920

4,370

39,521

Eliminated on disposal

-

(4,975

)

-

(4,975

)

At 30 June 2026

347,436

257,053

52,916

53,669

711,074

NET BOOK VALUE

At 30 June 2026

372,881

24,294

5,426

7,981

410,582

At 30 June 2025

385,824

35,411

11,346

7,802

440,383

Cost or valuation at 30 June 2026 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

Valuation in 2009

77,462

-

77,462

Cost

642,855

281,347

58,342

61,650

1,044,194

720,317

281,347

58,342

61,650

1,121,656

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

642,855

Aggregate depreciation

(347,436

)

(334,493

)

Value of land in freehold land and buildings

295,419

308,362

The freehold land and buildings were professionally revalued at open market value 30 September 2009. These valuations have been adopted as the deemed cost of the assets on transition to FRS 102 Section 1A.

5.

STOCKS

2026

2025

£

Stocks

148,343

136,698

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

79,206

130,419

Other debtors

150,165

292,531

229,371

422,950

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

47,875

78,953

Taxation and social security

45,248

36,213

Other creditors

139,917

165,990

233,040

281,156

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

3,496

5,222

Deferred tax

£

Balance at 1 July 2025

5,222

Provided during year

(1,726

)

Balance at 30 June 2026

3,496

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

251,785

Ordinary

£1

251,785

10.

RESERVES

Capital

Retained

redemption

Other

earnings

reserve

reserves

Totals

£

At 1 July 2025

510,960

10,780

(2,500

)

519,240

Deficit for the year

(21,190

)

-

(21,190

)

Purchase of own shares

-

(14,000

)

(14,000

)

Sale of shares held in

treasury

-

15,050

At 30 June 2026

489,770

10,780

(1,450

)

499,100

Other Reserves

2026

2025

£

Balance brought forward

2,500

1,000

Repurchase of shares to be held in treasury

14,000

3,000

Sale of shares held in treasury

(15,050

)

(1,500

)

Balance carried forward

1,450

2,500

11.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had operating lease commitments totalling £138,546 (2025: £2,250).