Registration number: 01957713

Homepines Investments Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Homepines Investments Limited

Company Information

Director

Mrs C Worsley

Registered office

114 St Martin's Lane Covent Garden London United Kingdom WC2N 4BE

Homepines Investments Limited

(Registration number: 01957713)
Balance Sheet as at 31 December 2025

	Note	2025 €	2024 €
Fixed assets
Tangible assets	5	315,045	155,960
Investment property	6	13,803,203	13,803,203
		14,118,248	13,959,163
Current assets
Debtors	7	13,410	94,043
Cash at bank and in hand		19,949	12,148
		33,359	106,191
Creditors: Amounts falling due within one year	8	(12,151,969)	(11,682,572)
Net current liabilities		(12,118,610)	(11,576,381)
Net assets		1,999,638	2,382,782
Capital and reserves
Called up share capital	9	1,014	1,014
Revaluation reserve		7,216,167	7,216,167
Retained earnings		(5,217,543)	(4,834,399)
Shareholders' funds		1,999,638	2,382,782

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Homepines Investments Limited

(Registration number: 01957713)
Balance Sheet as at 31 December 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 October 2026
 

......................................... Mrs C Worsley Director

Homepines Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
114 St Martin's Lane
Covent Garden
London
WC2N 4BE
United Kingdom

Principal activity

The principal activity of the Company is that of an investment company.

These financial statements were authorised for issue by the director on 13 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
 

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration due in respect of rents received or receivable in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Homepines Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% per annum on cost
Fixtures, fittings and equipment	10% per annum on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Classification
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to/from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and 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 profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 

Homepines Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

4	Staff numbers

The average number of persons employed by the Company (including the director) during the year, was 3 (2024 - 2).

Homepines Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5	Tangible assets

	Fixtures and fittings €	Plant and machinery €	Total €
Cost or valuation
At 1 January 2025	696,850	83,560	780,410
Additions	222,957	-	222,957
At 31 December 2025	919,807	83,560	1,003,367
Depreciation
At 1 January 2025	559,416	65,034	624,450
Charge for the year	56,304	7,568	63,872
At 31 December 2025	615,720	72,602	688,322
Carrying amount
At 31 December 2025	304,087	10,958	315,045
At 31 December 2024	137,434	18,526	155,960

6	Investment properties

	2025 €
At 1 January	13,803,203
At 31 December	13,803,203

The investment property is situated at Bastide De Val de Rian, Saint Tropez, France.
The property was valued by Jerome Barthier, diplome I.F.R.E.I.M, Aix en Provence at €13,686,399 on the 16th October 2014. Since this valuation additions have been capitalised at cost, and the current carrying value is considered to represent the fair value of the property.

7

Debtors

Current	Note	2025 €	2024 €
Amounts owed by related parties	10	-	27,535
Prepayments		2,288	55,386
Other debtors		11,122	11,122
		13,410	94,043

Homepines Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 €	2024 €
Due within one year
Accruals and deferred income	189,543	47,079
Other creditors	11,962,426	11,635,493
	12,151,969	11,682,572

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	€	No.	€
Ordinary shares of $1 each	1,000	1,014	1,000	1,014

10	Related party transactions

Summary of transactions with other related parties

Entities under common control During the year the company paid expenses of €Nil (2024: €18,081) on behalf of Dornland Investments Limited and at the balance sheet date Dornland Investments Ltd owed the company €NIl (2024: €27,535).

Shareholder loan Included in other creditors is a shareholder loan of €11,962,426 (2024: €11,635,493) which is repayable on demand. Interest paid during the year was €149,109 (2024: €401,677).