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REGISTERED NUMBER: 08905008 (England and Wales)













Ansteys Of Worcester Limited

Unaudited Financial Statements

for the Period

1 October 2022 to 31 March 2024






Ansteys Of Worcester Limited (Registered number: 08905008)

Contents of the Financial Statements
for the Period 1 October 2022 to 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Ansteys Of Worcester Limited

Company Information
for the Period 1 October 2022 to 31 March 2024







DIRECTORS: CR Anstey
AJ Anstey
IM Anstey





REGISTERED OFFICE: Lower Broomhall Farm
Broomhall Lane
Broomhall
Worcester
Worcestershire
WR5 2NT





REGISTERED NUMBER: 08905008 (England and Wales)





ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ansteys Of Worcester Limited


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 Profit and Loss Account 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 Ansteys Of Worcester Limited for the period ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ansteys Of Worcester 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 Ansteys Of Worcester Limited and state those matters that we have agreed to state to the Board of Directors of Ansteys Of Worcester Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ansteys Of Worcester Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ansteys Of Worcester 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 Ansteys Of Worcester Limited. You consider that Ansteys Of Worcester 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 Ansteys Of Worcester 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.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


16 September 2024

Ansteys Of Worcester Limited (Registered number: 08905008)

Balance Sheet
31 March 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,286,490 2,268,202
Investment property 6 440,000 400,000
2,726,490 2,668,202

CURRENT ASSETS
Stocks 15,559 49,489
Debtors 7 27,654 22,466
43,213 71,955
CREDITORS
Amounts falling due within one year 8 385,655 260,949
NET CURRENT LIABILITIES (342,442 ) (188,994 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,384,048

2,479,208

CREDITORS
Amounts falling due after more than one
year

9

2,494,313

2,502,364
NET LIABILITIES (110,265 ) (23,156 )

CAPITAL AND RESERVES
Allotted, issued and fully paid share capital 100 100
Revaluation reserve 101,062 68,662
Retained earnings (211,427 ) (91,918 )
SHAREHOLDERS' FUNDS (110,265 ) (23,156 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

Ansteys Of Worcester Limited (Registered number: 08905008)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:




CR Anstey - Director



IM Anstey - Director


Ansteys Of Worcester Limited (Registered number: 08905008)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 March 2024


1. STATUTORY INFORMATION

Ansteys Of Worcester 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.

Going concern
The balance sheet of the company shows net liabilities of £110,265 (2022 - £23,156) and net current liabilities of £342,442 (2022 - £188,994). Included within the creditors is a bank loan of £2,024,254 which was due for repayment in January 2023, this loan was renegotiated until March 2026. Included within other creditors are £352,957 (2022 - £244,659) of funds owed to a business controlled by the directors which are repayable on demand, but only if cash flows allow. The directors have agreed not to withdraw these funds or their loan accounts to the disadvantage of other stakeholders. The directors are confident that the company will operate profitably in future periods.

On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Basic Payment entitlements have been amortised evenly over their estimated useful life of three years to 31 May 2021.

Tangible fixed assets
No depreciation is provided on freehold property.

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.

The directors valued the investment property at 31 March 2024.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

The company has the following biological assets within stock which are valued as follows:

Crops in store - valued at their estimated cost with reference to current market values.


Ansteys Of Worcester Limited (Registered number: 08905008)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

The average number of employees during the period was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022
and 31 March 2024 9,588
AMORTISATION
At 1 October 2022
and 31 March 2024 9,588
NET BOOK VALUE
At 31 March 2024 -
At 30 September 2022 -

Ansteys Of Worcester Limited (Registered number: 08905008)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024


5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 October 2022 2,268,202
Additions 18,288
At 31 March 2024 2,286,490
NET BOOK VALUE
At 31 March 2024 2,286,490
At 30 September 2022 2,268,202

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 400,000
Revaluations 40,000
At 31 March 2024 440,000
NET BOOK VALUE
At 31 March 2024 440,000
At 30 September 2022 400,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 5,168
Valuation in 2021 40,000
Valuation in 2022 39,600
Valuation in 2024 40,000
Cost 315,232
440,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors - 13,739
Prepayments and accrued income - 750
VAT 1,902 2,675
Deferred tax asset 25,752 5,302
27,654 22,466

Ansteys Of Worcester Limited (Registered number: 08905008)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 29,158 4,249
Other creditors 352,957 244,659
Accruals and deferred income 3,540 12,041
385,655 260,949

The balance of other creditors is an interest free loan from a related party.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Bank loans - 1-2 years 2,024,254 2,018,626
Directors' loan accounts 470,059 483,738
2,494,313 2,502,364

The directors' loan accounts are interest free and the directors' have confirmed that they will not be withdrawn in preference to other creditors.

10. SECURED DEBTS

The borrowings from Barclays are secured by a mortgage deed dated 5 January 2018 on the freehold property at Newlands Court, Malvern, on part of the property at Lower Broomhall Farm which is owned by the directors and a personal guarantee by the directors.

11. DEFERRED TAX
£   
Balance at 1 October 2022 (5,302 )
Provided during period (20,450 )
Balance at 31 March 2024 (25,752 )