REGISTERED NUMBER: 08905008 (England and Wales)

Ansteys Of Worcester Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

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

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 year ended 31 March 2025 which comprise the Profit and Loss Account, Other Comprehensive Income, 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 year.

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

23 October 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,710,000

3,697,769

Investment property

6

350,000

336,590

4,060,000

4,034,359

CURRENT ASSETS

Stocks

15,093

15,559

Debtors

7

690

1,902

15,783

17,461

CREDITORS

Amounts falling due within one year

8

2,577,657

385,655

NET CURRENT LIABILITIES

(2,561,874

)

(368,194

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,498,126

3,666,165

CREDITORS

Amounts falling due after more than one year

9

(469,459

)

(2,494,313

)

PROVISIONS FOR LIABILITIES

11

(257,328

)

(293,082

)

NET ASSETS

771,339

878,770

CAPITAL AND RESERVES

Allotted, issued and fully paid share capital

100

100

Revaluation reserve

1,031,001

1,058,459

Non-distributable reserve

26,075

16,018

Retained earnings

(285,837

)

(195,807

)

SHAREHOLDERS' FUNDS

771,339

878,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 23 October 2025 and were signed on its behalf by:

CR Anstey - Director

IM Anstey - Director

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 current liabilities of £2,561,875 (2024 - £368,194). Included within the creditors is a bank loan of £2,023,894 which is due for repayment in March 2026. Included within other creditors are £482,802 (2024 - £352,957) 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 actively seeking opportunities to dispose of low yielding assets to make debt repayments and therefore 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.

Changes in accounting policies

Previously Freehold Property was held at cost. This year the directors have decided to adopt an annual market value accounting policy.

Turnover

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

Tangible fixed assets

No depreciation is provided on freehold property.

The freehold property is shown at most recent valuation. The surplus arising from the change in fair value is recognised in Other Comprehensive Income.

The valuation of the freehold property was provided by Carter Jonas on 9 October 2024.

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 valuation of the investment property was provided by Carter Jonas on 9 October 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.

Taxation

Taxation for the year 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 year 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 AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

9,588

AMORTISATION

At 1 April 2024

and 31 March 2025

9,588

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 April 2024

3,697,769

Additions

48,842

Revaluations

(36,611

)

At 31 March 2025

3,710,000

NET BOOK VALUE

At 31 March 2025

3,710,000

At 31 March 2024

3,697,769

Cost or valuation at 31 March 2025 is represented by:

Freehold

property

£

Valuation in 2022

1,269,761

Valuation in 2024

141,518

Valuation in 2025

(36,611

)

Cost

2,335,332

3,710,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

336,590

Revaluations

13,410

At 31 March 2025

350,000

NET BOOK VALUE

At 31 March 2025

350,000

At 31 March 2024

336,590

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

5,168

Valuation in 2021

40,000

Valuation in 2022

(14,526

)

Valuation in 2024

(9,284

)

Valuation in 2025

13,410

Cost

315,232

350,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

VAT

690

1,902

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

2,090,966

29,158

Other creditors

482,801

352,957

Accruals and deferred income

3,890

3,540

2,577,657

385,655

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

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans - 1-2 years

-

2,024,254

Directors' loan accounts

469,459

470,059

469,459

2,494,313

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.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

£

Deferred tax

Deferred tax - revenue losses

(95,031

)

(65,077

)

Deferred tax - property

revaluations

352,359

358,159

257,328

293,082

Deferred

tax

£

Balance at 1 April 2024

293,082

Provided during year

(35,754

)

Balance at 31 March 2025

257,328