Gensing Manor Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 15156736 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2024 TO 31 MARCH 2026

FOR

GENSING MANOR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

P A Hanlon

S B Rhodes

SECRETARY:

REGISTERED OFFICE:

The Ballroom

Palace Court

White Rock

Hastings

East Sussex

TN34 1JP

REGISTERED NUMBER:

15156736 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Investment property

4

2,828,287

-

CURRENT ASSETS

Cash at bank and in hand

8,641

2

CREDITORS

Amounts falling due within one year

5

14,205

-

NET CURRENT (LIABILITIES)/ASSETS

(5,564

)

2

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,822,723

2

CREDITORS

Amounts falling due after more than one
year

6

2,843,449

-

NET (LIABILITIES)/ASSETS

(20,726

)

2

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(20,728

)

-

(20,726

)

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 26 October 2026 and were signed on its behalf by:

P A Hanlon - Director

S B Rhodes - Director

1.	STATUTORY INFORMATION

Gensing Manor 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 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

2,828,287

At 31 March 2026

2,828,287

NET BOOK VALUE

At 31 March 2026

2,828,287

The investment property being the freehold land known as Gensing Manor, Dane Road, St Leonards-on-Sea TN38 0QW, along with its ongoing construction and refurbishment costs.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

30.9.24

£

Trade creditors

12,705

-

Other creditors

1,500

-

14,205

-

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

30.9.24

£

Bank loans

2,396,060

-

Other creditors

447,389

-

2,843,449

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,396,060

-

7.	SECURED DEBTS

Homes and Communities Agency Trading as Homes England have a charge by way of legal mortgage.

A) the property, being the freehold land known as Gensing Manor, Dane Road, St Leonards-on-Sea TN38 0QW and registered at land registry under title number HT13986; and,

B) any other freehold or leasehold property now vested in the chargor.

Homes and Communities Agency Trading as Homes England have a charge by the way of fixed charge each of the following including all rights of enforcement of the same:

A) to the extent that they are not the subject of a legal mortgage under clause 3.2, all freehold or leasehold property now vested in it;

B) its interest in any freehold or leasehold property acquired after the date if this deed; and

C) its intellectual property rights, present and future.

Please see the legal charge on Companies House for more detail.

8.	RELATED PARTY DISCLOSURES

At the period end, the company owed £447,389 to Hanlon & Rhodes Portfolio A Limited, a connected company of both the directors. This loan is interest-free and repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gensing Manor Limited for the period ended 31 March 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Gensing Manor Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gensing Manor Limited and state those matters that we have agreed to state to the Board of Directors of Gensing Manor Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gensing Manor Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gensing Manor Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gensing Manor Limited. You consider that Gensing Manor Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Gensing Manor Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

26 October 2026