REGISTERED NUMBER: 10863465 (England and Wales)

HEART OF THE SHIRES LIMITED

Unaudited Financial Statements

for the Year Ended 31 July 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Directors:

Mrs J E Hunt

Mr J S B Hunt

Registered office:

Whilton Locks Garden Village

Unit 1/3

Whilton Locks

Nr Daventry

Northamptonshire

NN11 2NH

Registered number:

10863465 (England and Wales)

Accountants:

Cobley Desborough

Chartered Certified Accountants

Chartered Tax Advisers

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

FIXED ASSETS

Tangible assets

4

14,984

19,983

Investments

5

100

-

Investment property

6

5,800,000

5,800,000

5,815,084

5,819,983

CURRENT ASSETS

Debtors

7

246,281

309,192

Cash at bank and in hand

62,337

57,463

308,618

366,655

CREDITORS

Amounts falling due within one year

8

951,056

2,423,116

NET CURRENT LIABILITIES

(642,438

)

(2,056,461

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,172,646

3,763,522

CREDITORS

Amounts falling due after more than one year

9

(2,498,812

)

(1,257,286

)

PROVISIONS FOR LIABILITIES

(390,419

)

(356,768

)

NET ASSETS

2,283,415

2,149,468

CAPITAL AND RESERVES

Called up share capital

200

200

Other reserves

1,352,145

1,352,145

Retained earnings

931,070

797,123

SHAREHOLDERS' FUNDS

2,283,415

2,149,468

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2026 and were signed on its behalf by:

Mr J S B Hunt - Director

1.	STATUTORY INFORMATION

Heart of the Shires 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 August 2025

and 31 July 2026

45,520

Depreciation

At 1 August 2025

25,537

Charge for year

4,999

At 31 July 2026

30,536

Net book value

At 31 July 2026

14,984

At 31 July 2025

19,983

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

Additions

100

At 31 July 2026

100

Net book value

At 31 July 2026

100

6.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 August 2025

and 31 July 2026

5,800,000

Net book value

At 31 July 2026

5,800,000

At 31 July 2025

5,800,000

Fair value at 31 July 2026 is represented by:

£

Valuation in 2021

915,018

Valuation in 2022

(2,970

)

Valuation in 2025

890,812

Cost

3,997,140

5,800,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

95,311

47,695

Amounts owed by group undertakings

150,000

-

Other debtors

970

261,497

246,281

309,192

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

38,486

1,630,867

Taxation and social security

8,743

1,139

Other creditors

903,827

791,110

951,056

2,423,116

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

2,498,812

1,257,286

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

2,239,725

1,112,766