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Registered number: 01065423

H Foster 1875 Limited

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

Prepared By:
Simon Porter FCA
1 Prospect Street
Caversham
Reading
RG4 8JB

H Foster 1875 Limited

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
DIRECTORS
S S Eggar
T S Eggar
REGISTERED OFFICE
Stuart Cottage, Blackbirds Bottom
Goring Heath
Reading
Berkshire
RG8 7SX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01065423
ACCOUNTANTS
Simon Porter FCA
1 Prospect Street
Caversham
Reading
RG4 8JB

H Foster 1875 Limited

ACCOUNTS
FOR THEYEARENDED30 NOVEMBER 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

H Foster 1875 Limited

BALANCE SHEET AT 30 November 2024
20242023
Notes££
FIXED ASSETS
Intangible assets396,254151,254
Tangible assets4105,587103,616
Investment Assets54,8564,856
206,697259,726
CURRENT ASSETS
Stock626,508580,846
Debtors71,105,972975,392
Cash at bank and in hand35,09325,760
1,767,5731,581,998
CREDITORS: Amounts falling due within one year81,124,981970,891
NET CURRENT ASSETS642,592611,107
TOTAL ASSETS LESS CURRENT LIABILITIES849,289870,833
PROVISIONS FOR LIABILITIES AND CHARGES91,5321,343
NET ASSETS847,757869,490
CAPITAL AND RESERVES
Called up share capital10500500
Profit and loss account847,257868,990
SHAREHOLDERS' FUNDS847,757869,490
For the year ending 30 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 17 March 2025 and signed on their behalf by
.............................
S S Eggar
Director

H Foster 1875 Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The Company's principal place of business is The Old Brewery, Unit 2, Thames Court, Goring, Reading RG8 9AQ.
1b. Going Concern
These financial statements have been prepared on the assumption that the company is able to continue as a going concern, on the basis that the company will continue to have the support of the parent company and the directors, who have resolved that the loans from the group will not become repayable until the company has funds available.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesstraight line 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1d. Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based upon the cost of purchase on a first in, first out, basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If the stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

H Foster 1875 Limited

1g. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20242023
No.No.
Average number of employees77
3. INTANGIBLE FIXED ASSETS
Purchased
PatentsGoodwillTotal
£££
Cost
At 1 December 20234550,000550,004
At 30 November 20244550,000550,004
Depreciation
At 1 December 2023-398,750398,750
For the year-55,00055,000
At 30 November 2024-453,750453,750
Net Book Amounts
At 30 November 2024496,25096,254
At 30 November 20234151,250151,254
During the years to November 2022 and 2023 the Company incurred trading losses and the Directors have considered whether the goodwill held by the Company is impaired. As a result of the disposal of the Company premises and the costs saving that this has created, together with other cost savings, they have formed the view that the Company will be cash generative going forward and so consider the goodwill to be unimpaired at this stage, although they will review again going forward.

H Foster 1875 Limited

4. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsEquipmentTotal
££££££
Cost
At 1 December 202395,00020,76430,0007,58412,762166,110
Additions-4,662---4,662
At 30 November 202495,00025,42630,0007,58412,762170,772
Depreciation
At 1 December 2023-16,79430,0004,54311,15762,494
For the year-1,575-4566602,691
At 30 November 2024-18,36930,0004,99911,81765,185
Net Book Amounts
At 30 November 202495,0007,057-2,585945105,587
At 30 November 202395,0003,970-3,0411,605103,616
5. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 1 December 20234,8564,856
At 30 November 20244,8564,856
Amortisation
Net Book Amounts
At 30 November 20244,8564,856
At 30 November 20234,8564,856
6. STOCK 20242023
££
Stock comprises:
Raw materials and consumables626,508580,846
626,508580,846

H Foster 1875 Limited

7. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors549,883515,150
Other debtors308,836251,997
Amounts due from group companies149,138106,334
Prepayments42,17445,970
Deferred taxation55,94155,941
1,105,972975,392
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Other taxation and social security198,78799,546
Bank Loan441,759409,467
Trade creditors477,020437,400
Accruals2,2296,223
Amounts due to group companies5,18618,255
1,124,981970,891
9. PROVISIONS FOR LIABILITIES 20242023
££
Pensions1,5321,343
Deferred taxation(55,941)(55,941)
1,5321,343
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
500 Ordinary shares of £1 each500500
500500

H Foster 1875 Limited

11. CONTROLLING PARTY
The immediate and ultimate parent company is Eggar & Co (1972) Limited, a company registered in England and Wales.
12. RELATED PARTY TRANSACTIONS
At the year end the company was owed £70,971 by SS Eggar, a director (2023 - £12,000).
At the year end the company was owed £33,148 (2023 - £33,148) by MA Eggar, a former director, and £146,049 (2023 - £146,049) by TS Eggar, a director.
At the year end the company owed H Foster & Co Limited £5,186 (2023 - £18,298), and was owed £149,438 (2022 - £106,334) by Eggar & Co (1972) Limited.
13. COMMITMENTS UNDER OPERATING LEASES
At the year end the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
Not later than 1 year018,894
Later than 1 year and not later than 5 years00
18,89418,894