Otters Holt Haylage Co Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 8348276

Otters Holt Haylage Co Ltd

Filleted Unaudited Financial Statements

31 January 2026

Otters Holt Haylage Co Ltd

Financial Statements

Year ended 31 January 2026

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

Otters Holt Haylage Co Ltd

Statement of Financial Position

31 January 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	325,899	351,773

Current assets

Debtors	7	–	432
Cash at bank and in hand		47,545	6,189
		--------	-------
		47,545	6,621

Creditors: amounts falling due within one year	8	( 192,611)	( 200,366)
		---------	---------
Net current liabilities		( 145,066)	( 193,745)
		---------	---------
Total assets less current liabilities		180,833	158,028

Creditors: amounts falling due after more than one year	9	( 6,983)	( 2,791)

Provisions

Taxation including deferred tax	10	( 1,851)	( 471)
		---------	---------
Net assets		171,999	154,766
		---------	---------

Capital and reserves

Called up share capital	12	1	1
Profit and loss account		171,998	154,765
		---------	---------
Shareholders funds		171,999	154,766
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Otters Holt Haylage Co Ltd

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 29 October 2026 , and are signed on behalf of the board by:

Mr P Stoddart
Director

Company registration number: 8348276

Otters Holt Haylage Co Ltd

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Monkhill Farm, St Ishmaels, Haverfordwest, Pembrokeshire, SA62 3TD, Wales.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Leasehold property	-	2% straight line
Furniture & fixtures	-	25% reducing balance
Motor vehicle	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

5. Tax on profit

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	3,244	4,365

Deferred tax:

Origination and reversal of timing differences	1,380	( 279)
	-------	-------
Tax on profit	4,624	4,086
	-------	-------

6. Tangible assets

	Freehold property	Leasehold property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 February 2025	265,950	180,000	5,500	21,000	472,450
Additions	–	–	–	12,500	12,500
Disposals	( 30,000)	–	–	–	( 30,000)
	---------	---------	-------	--------	---------
At 31 January 2026	235,950	180,000	5,500	33,500	454,950
	---------	---------	-------	--------	---------
Depreciation
At 1 February 2025	61,300	39,600	3,760	16,017	120,677
Charge for the year	4,719	3,600	435	4,370	13,124
Disposals	( 4,750)	–	–	–	( 4,750)
	---------	---------	-------	--------	---------
At 31 January 2026	61,269	43,200	4,195	20,387	129,051
	---------	---------	-------	--------	---------
Carrying amount
At 31 January 2026	174,681	136,800	1,305	13,113	325,899
	---------	---------	-------	--------	---------
At 31 January 2025	204,650	140,400	1,740	4,983	351,773
	---------	---------	-------	--------	---------

7. Debtors

	2026	2025
	£	£
Other debtors	–	432
	----	----

Other debtors include an amount of £nil (2025 - £nil) falling due after more than one year.

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	6,631	4,100
Trade creditors	23,583	–
Corporation tax	14,177	21,179
Other creditors	148,220	175,087
	---------	---------
	192,611	200,366
	---------	---------

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

	2026	2025
	£	£
Bank loans and overdrafts	6,983	2,791
	-------	-------

10. Provisions

	Deferred tax (note 11)
	£
At 1 February 2025	471
Charge against provision	1,380
	-------
At 31 January 2026	1,851
	-------

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions (note 10)	1,851	471
	-------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	1,851	471
	-------	----

12. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

13. Related party transactions

The company was under the control of Mr P Stoddart , the managing director, throughout the current and previous year. Mr P Stoddart is personally interested in 100% (2025 - 100%) of the company's issued ordinary share capital. During the year the company paid rent of £48,578 (2025 - £55,828) to Mr P Stoddart , the managing director and sole shareholder of the company. During the year the company paid £500 (2025 - £500) in dividends to Mr P Stoddart , the managing director and sole shareholder of the company.