Registration number: 554398

Owens Bros (Of Worcester) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Owens Bros (Of Worcester) Limited

Company Information

Directors

C Owens Mrs C Razzell

Registered office

111 - 113 High Street Evesham Worcestershire WR11 4XP

Accountants

Clement Rabjohns Limited Chartered Accountants111/113 High Street Evesham Worcestershire WR11 4XP

Owens Bros (Of Worcester) Limited

(Registration number: 554398)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	319	639
Investment property	5	354,000	354,000
Other financial assets		924	924
		355,243	355,563
Current assets
Debtors	6	3,234	128
Cash at bank and in hand		20,135	20,503
		23,369	20,631
Creditors: Amounts falling due within one year	7	(46,620)	(46,722)
Net current liabilities		(23,251)	(26,091)
Total assets less current liabilities		331,992	329,472
Provisions for liabilities		(83,114)	(83,114)
Net assets		248,878	246,358
Capital and reserves
Called up share capital		5,000	5,000
Capital redemption reserve		1,262	1,262
Revaluation reserve		249,340	249,340
Retained earnings		(6,724)	(9,244)
Shareholders' funds		248,878	246,358

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 September 2025 and signed on its behalf by:
 

Owens Bros (Of Worcester) Limited

(Registration number: 554398)
Balance Sheet as at 31 December 2024

......................................... Mrs C Razzell Director

Owens Bros (Of Worcester) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
111 - 113 High Street
Evesham
Worcestershire
WR11 4XP
England

These financial statements were authorised for issue by the Board on 1 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Rental income is invoiced in advance of rental periods.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Owens Bros (Of Worcester) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Owens Bros (Of Worcester) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 January 2024	1,559	1,559
At 31 December 2024	1,559	1,559
Depreciation
At 1 January 2024	920	920
Charge for the year	320	320
At 31 December 2024	1,240	1,240
Carrying amount
At 31 December 2024	319	319
At 31 December 2023	639	639

5	Investment properties

	2024 £
At 1 January	354,000
At 31 December	354,000

The investment property land and buildings were valued by an external valuer on 2 February 2024. The Directors consider the value to be the same as at 31 December 2024.

6

Debtors

	2024 £	2023 £
Other debtors	2,136	128
Prepayments	1,098	-
	3,234	128

Owens Bros (Of Worcester) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	548	444
Accruals and deferred income	613	613
Other creditors	45,459	45,665
	46,620	46,722