Hartpury Annual Report July 2025

Hartpury University Annual Report and Financial Statements > 2024/2025

Notes to the Financial Statements (continued) Year Ended 31 July 2025

9. Tangible fixed assets

Freehold land and buildings

Assets under construction

Equipment

Total

Group

£

£

£

£

Cost or valuation At 1 August 2024

0 88,192,662

0 14,793,484

0 24,079,634

0 127,065,780

Additions in the year

3,763,554

1,254,175

1,394,070

6,411,799

Inter class transfer

3,722,993

(4,283,611)

560,618

-

Disposals

-

-

-

-

At 31 July 2025

95,679,209

11,764,048 26,034,322 133,477,579

Depreciation At 1 August 2024

0 30,147,132

0 -

0 17,780,339

0 47,927,471

Charge for year

2,078,954

-

1,743,291

3,822,245

Eliminated in respect of disposals

-

-

-

-

At 31 July 2025

32,226,086

-

19,523,630

51,749,716

Net book amounts At 31 July 2025

0 63,453,123

0 11,764,048

0 6,510,692

0 81,727,863

At 31 July 2024

58,045,530

14,793,484

6,299,295

79,138,309

Inherited

1,293,526

-

115,500

1,409,026

Financed by capital grant

26,680,655

7,708,208

783,669

35,172,532

Other

35,478,942

4,055,840

5,611,523

45,146,305

63,453,123

11,764,048 6,510,692 81,727,863

At 31 July 2025

Assets held under finance lease: - net book amounts at 31 July 2025

0 353,116

0 353,116

0 -

0 -

709,674

709,674

- net book amounts at 31 July 2024

-

-

- depreciation charge for the year ended 31 July 2025

356,558

356,558

-

-

356,558

356,558

- depreciation charge for the year ended 31 July 2024

-

-

If inherited land and buildings had not been valued, they would have been included at a cost and net book amount of £nil.

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