Registration number: 09877671

Wentforth Associates Limited

Contents

Company Information	1
Strategic Report	2
Directors' Report	3
Statement of Directors' Responsibilities	4
Independent Auditor's Report	5 to 7
Consolidated Profit and Loss Account	8
Consolidated Balance Sheet	9
Balance Sheet	10
Consolidated Statement of Changes in Equity	11
Statement of Changes in Equity	12
Consolidated Statement of Cash Flows	13
Statement of Cash Flows	14
Notes to the Financial Statements	15 to 33

Wentforth Associates Limited

Company Information

Directors

B Wheatcroft C E Wheatcroft D L Wheatcroft E Wheatcroft

Registered office

Eastgate House Moreton Road Longborough GL56 0QJ

Auditors

Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Wentforth Associates Limited

Strategic Report for the Year Ended 31 December 2024

The directors present their strategic report for the year ended 31 December 2024.

Principal activity

The principal activity of the group is that of a holding company. The principal activities of the group through the trading subsidiaries are those of the sales of office furniture, office interior refurbishment and design services; the sale of agricultural machinery and equipment; the provision of environmental services and ecological supplies; and the manufacture and wholesaling of cleaning, disinfecting and degreasing wipes.

Fair review of the business

The results for the year which are set out in the profit and loss account show turnover of £39,256,527 (2023 14 months - £36,199,915) and an operating profit of £2,958,720 (2023 14 months - £1,926,994), these metrics being the key performance indicators for the group. At 31 December the company had net assets of £13,361,045 (2023 - £12,363,251).

Stow Agricultural Limited revenues were satisfactory, and operating profits were improved over the corresponding period in 2023.

Wildcare Limited achieved substantial growth reflecting the investments made in previous years.

Rhino Interiors Group revenues increased substantially reflecting the impact of major contracts executed in the year.

Hadron Group turnover increased over the equivalent period in 2023; administrative expenses were considerably reduced, and the company achieved a small profit by comparison with the losses incurred in 2023.

The directors consider the performance of the group for the year and financial position at the year end to be good.

Principal risks and uncertainties

The management of business activities and nature of the Group’s strategies are subject to several risks. The directors have set out below the principal risks facing the Group:

Economic uncertainty:
The general economic environment in which the Group operates continues to be difficult.

Liquidity risk:
The group’s approach to managing its liquidity is to ensure, insofar as is possible, that it has sufficient liquidity available to meet its liabilities as they fall due, whilst continuing to support a strategy of continued, sustainable growth. Forecasts are prepared to assist in minimising the risk.

Weather risk:
The agricultural sector is heavily influenced by a variety of weather conditions, some of which can have a material impact on the timing and demand profile for some of the group’s products. It is uneconomic to hedge against this exposure and so the Group continually seeks to mitigate against this risk by broadening the geographical operating area and offering non-weather-related products.

Credit risk:
The Group’s principal financial asset is trade debtors, which is therefore where its principal credit risk arises. The directors consider whether to grant customers further credit based on a combination of payment history and third-party credit references, along with regular credit control management, to minimise this risk.

Foreign currency risk:
The group is exposed to exchange risks when purchasing from abroad, this is mitigated by closing any open positions once orders are placed. Operating a European subsidiary has created a new exposure, whilst the company grows all cashflows will remain abroad, so this is not a current risk.

Approved by the Board on 19 September 2025 and signed on its behalf by:

E Wheatcroft
Director

Wentforth Associates Limited

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

B Wheatcroft

C E Wheatcroft

D L Wheatcroft

E Wheatcroft

Going concern

In accordance with the Financial Reporting Council’s ‘Going Concern & Liquidity Risk Guidance for Directors of UK Companies 2009,’ the directors of all companies are required to provide disclosures regarding the going concern basis of accounting.

The directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future and have continued to adopt the going concern basis in preparing the financial statements.

Disclosure of information to the auditor

Each director has taken the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

Approved by the Board on 19 September 2025 and signed on its behalf by:

E Wheatcroft
Director

Wentforth Associates Limited

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;
•	make judgements and accounting estimates that are reasonable and prudent;
•	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Wentforth Associates Limited

Independent Auditor's Report to the Members of Wentforth Associates Limited

Opinion

We have audited the financial statements of Wentforth Associates Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024, which comprise the Consolidated Profit and Loss Account, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the group's and the parent company's affairs as at 31 December 2024 and of the group's profit for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

Wentforth Associates Limited

Independent Auditor's Report to the Members of Wentforth Associates Limited

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
•	the parent company financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of directors' remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group’s and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We considered the nature of the group’s industry and its control environment and reviewed the groups’s documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management about their own identification and assessment of the risks of irregularities.

We obtained an understanding of the legal and regulatory framework that the group operates in and identified the key laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements, including the UK Companies Act and tax legislation, and, those that do not have a direct effect on the financial statements but compliance with which may be fundamental to the group’s ability to operate or to avoid a material penalty.

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgments made in accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

In addition to the above, our procedures to respond to the risks identified included the following:

•	reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

•	performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatements due to fraud;

•	enquiring of management concerning actual and potential litigation and claims and instances of non-compliance with laws and regulations; and

•	reading minutes of meetings of those charged with governance.

Wentforth Associates Limited

Independent Auditor's Report to the Members of Wentforth Associates Limited

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities is available on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Scott Lawrence (Senior Statutory Auditor)
For and on behalf of Hazlewoods LLP, Statutory Auditor

Staverton Court
Staverton
Cheltenham
GL51 0UX

20 September 2025

Wentforth Associates Limited

Consolidated Profit and Loss Account for the Year Ended 31 December 2024

	Note	Year ended 31 December 2024  £	1 November 2022 to 31 December 2023  £
Turnover	3	39,256,527	36,199,915
Cost of sales		(27,572,740)	(26,071,911)
Gross profit		11,683,787	10,128,004
Distribution costs		(8,102)	(3,396)
Administrative expenses		(8,792,434)	(8,221,429)
Other operating income	4	75,469	23,815
Operating profit	5	2,958,720	1,926,994
Interest receivable and similar income		26,830	2,359
Interest payable and similar charges	6	(175,096)	(189,153)
Profit before tax		2,810,454	1,740,200
Taxation	10	(634,144)	(405,578)
Profit for the financial year		2,176,310	1,334,622
Profit attributable to:
Owners of the company		2,175,502	1,494,822
Minority interests		808	(160,200)
		2,176,310	1,334,622

The above results were derived from continuing operations.

Wentforth Associates Limited

(Registration number: 09877671)
Consolidated Balance Sheet as at 31 December 2024

	Note	31 December 2024  £	31 December 2023  £
Fixed assets
Intangible assets	11	605,763	124,926
Tangible assets	12	5,019,741	4,525,389
Investment property	13	764,240	764,240
		6,389,744	5,414,555
Current assets
Stocks	15	4,963,770	4,150,279
Debtors	16	8,457,694	7,775,045
Cash at bank and in hand		3,305,142	4,346,312
		16,726,606	16,271,636
Creditors: Amounts falling due within one year	17	(7,366,327)	(6,938,256)
Net current assets		9,360,279	9,333,380
Total assets less current liabilities		15,750,023	14,747,935
Creditors: Amounts falling due after more than one year	17	(2,127,968)	(2,235,673)
Provisions for liabilities	10	(261,010)	(149,011)
Net assets		13,361,045	12,363,251
Capital and reserves
Called up share capital	20	1,000	1,000
Revaluation reserve		695,457	695,457
Profit and loss account		13,084,334	12,087,348
Equity attributable to owners of the company		13,780,791	12,783,805
Minority interests		(419,746)	(420,554)
Total equity		13,361,045	12,363,251

Approved and authorised by the Board on 19 September 2025 and signed on its behalf by:
 

E Wheatcroft
Director

Wentforth Associates Limited

(Registration number: 09877671)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investments	14	3,090,693	3,090,693
Current assets
Debtors	16	19,286	809,707
Cash at bank and in hand		138,469	215,129
		157,755	1,024,836
Creditors: Amounts falling due within one year	17	(1,026,573)	(833,558)
Net current (liabilities)/assets		(868,818)	191,278
Net assets		2,221,875	3,281,971
Capital and reserves
Called up share capital	20	1,000	1,000
Retained earnings		2,220,875	3,280,971
Shareholders' funds		2,221,875	3,281,971

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company made a profit after tax for the financial year of £118,281 (2023 - profit of £85,461).

Approved and authorised by the Board on 19 September 2025 and signed on its behalf by:
 

E Wheatcroft
Director