The Eggar Forrester Group Limited
Annual Report and Unaudited Financial Statements
For the year ended 31 March 2025
Company Registration No. 00465334 (England and Wales)
The Eggar Forrester Group Limited
Company Information
Directors
P.D.T. Willcox
M.E. Hodgson MA, FRICS, MIRPM
D. Powell
K.D. Grant-Dalton
T.P. Hodgson
A.C. Willcox
Company number
00465334
Registered office
51 Moorgate
London
England
EC2R 6BH
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
The Eggar Forrester Group Limited
Contents
Page
Directors' report
1 - 2
Accountants' report
3
Income statement
4
Statement of financial position
5
Statement of changes in equity
6
Notes to the financial statements
7 - 14
The Eggar Forrester Group Limited
Directors' Report
For the year ended 31 March 2025
Page 1

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company continued to be that of property investment and a holding company.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

P.D.T. Willcox
M.E. Hodgson MA, FRICS, MIRPM
D. Powell
K.D. Grant-Dalton
T.P. Hodgson
A.C. Willcox
Results and dividends

Ordinary dividends were paid amounting to £450,000 (2024: £nil) . The directors do not recommend payment of a final dividend.

Directors' insurance

The company maintains insurance policies on behalf of all the directors against liability arising from negligence, breach of duty and breach of trust in relation to the company.

Statement of directors' responsibilities

The directors are responsible for preparing the 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 company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- 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 company’s transactions and disclose with reasonable accuracy at any time the financial position of 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Eggar Forrester Group Limited
Directors' Report (Continued)
For the year ended 31 March 2025
Page 2
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
P.D.T. Willcox
Director
5 November 2025
The Eggar Forrester Group Limited
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of The Eggar Forrester Group Limited for the year ended 31 March 2025
Page 3

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Eggar Forrester Group Limited for the year ended 31 March 2025 which comprise the income statement, the statement of financial position, the 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 at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Eggar Forrester Group Limited, as a body, in accordance with the terms of our engagement letter dated 12 June 2025. Our work has been undertaken solely to prepare for your approval the financial statements of The Eggar Forrester Group Limited and state those matters that we have agreed to state to the Board of Directors of The Eggar Forrester Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Eggar Forrester Group Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that The Eggar Forrester Group 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 The Eggar Forrester Group Limited. You consider that The Eggar Forrester Group 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 The Eggar Forrester Group 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.

Moore Kingston Smith LLP
10 November 2025
Chartered Accountants
6th Floor
9 Appold Street
London
EC2A 2AP
The Eggar Forrester Group Limited
Income statement
For the year ended 31 March 2025
Page 4
2025
2024
Notes
£
£
Revenue
-
74,100
Administrative expenses
(167,933)
(460,253)
(Loss) on disposal of subsidiaries and participating interests
-
(128,963)
Investment income
4
7,699
1,158,720
(Losses) on investments
5
-
(27,899)
Gain on release of loan from participating interest
-
753,130
Profit on disposal of investment properties
8
4,025
7,966
(Loss)/profit before taxation
(156,209)
1,376,801
Taxation
6
203
1
(Loss)/profit for the financial year
(156,006)
1,376,802
The Eggar Forrester Group Limited
Statement of Financial Position
As at 31 March 2025
Page 5
2025
2025
2024
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
7
2,973
4,579
Investment properties
8
49,057
54,671
Investments
9
1,794,073
1,794,073
1,846,103
1,853,323
Current assets
Trade and other receivables
10
3,710,496
3,737,249
Cash at bank and in hand
484,984
1,110,949
4,195,480
4,848,198
Payables: amounts falling due within one year
11
(2,124,638)
(2,178,570)
Net current assets
2,070,842
2,669,628
Total assets less current liabilities
3,916,945
4,522,951
Equity
Share capital
12
98,545
98,545
Share premium account
813,417
813,417
Capital redemption reserve
55,171
55,171
Retained earnings
2,949,812
3,555,818
Total equity
3,916,945
4,522,951

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 November 2025 and are signed on its behalf by:
P.D.T. Willcox
Director
Company Registration No. 00465334
The Eggar Forrester Group Limited
Statement of Changes in Equity
For the year ended 31 March 2025
Page 6
Share capital
Share premium account
Capital redemption reserve
Retained earnings
Total
£
£
£
£
£
Balance at 1 April 2023
98,545
813,417
55,171
2,179,016
3,146,149
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
-
-
1,376,802
1,376,802
Balance at 31 March 2024
98,545
813,417
55,171
3,555,818
4,522,951
Year ended 31 March 2025:
Loss and total comprehensive expenditure for the year
-
-
-
(156,006)
(156,006)
Dividends
-
-
-
(450,000)
(450,000)
Balance at 31 March 2025
98,545
813,417
55,171
2,949,812
3,916,945
The Eggar Forrester Group Limited
Notes to the Financial Statements
For the year ended 31 March 2025
Page 7
1
Accounting policies
Company information

The Eggar Forrester Group Limited is a private company limited by shares domiciled and incorporated in England and Wales. The registered office is 51 Moorgate, London, England, EC2R 6BH.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Group Accounts

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Revenue

Revenue comprises the invoiced value of services supplied in the normal course of business, excluding VAT.

Property rental income is recognised in the period the property is occupied.

Management fees income is recognised in the period the service is provided.

1.5
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold residential land and buildings
Up to 25 years straight line
Short leasehold property and leasehold improvements
over the life of the lease
Computers
3 to 5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The Eggar Forrester Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 8
1.6
Investment properties

Investment property, which is property held to earn rentals and for capital appreciation, is measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement.

1.7
Investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Listed investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

1.8
Impairment of non-current assets

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The Eggar Forrester Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 9
1.10
Financial instruments

Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from the company in independently administered funds. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The Eggar Forrester Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 10
1.15
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was: 1 (2024: 3).

3
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
65,192
140,921
Company pension contributions to defined contribution schemes
-
5,586
Compensation for loss of office
-
132,682
65,192
279,189

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to nil (2023: 1)

Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
65,192
78,583
Compensation for loss of office
-
132,682
65,192
211,265
4
Investment income
2025
2024
£
£
Interest income
Bank interest and loans
7,699
11,959
Total interest revenue
7,699
11,959
Income from fixed asset investments
Dividends received from subsidiaries
-
0
1,146,761
Total income
7,699
1,158,720
The Eggar Forrester Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
4
Investment income
(Continued)
Page 11

Investment income includes the following:

Interest on financial assets not measured at fair value through profit or loss
7,699
11,959
5
Losses on investments
2025
2024
£
£
(Losses) on disposal of listed investments
-
(15,009)
Impairment of subsidiaries
-
(12,890)
-
(27,899)
6
Taxation
2025
2024
£
£
Deferred tax
Origination and reversal of timing differences
(203)
(1)
Total deferred tax
(203)
(1)
Total tax (credit)
(203)
(1)
7
Property, plant and equipment
Freehold land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
47,969
10,085
58,054
Depreciation and impairment
At 1 April 2024
46,748
6,727
53,475
Depreciation charged in the year
-
0
1,606
1,606
At 31 March 2025
46,748
8,333
55,081
Carrying amount
At 31 March 2025
1,221
1,752
2,973
At 31 March 2024
1,221
3,358
4,579
The Eggar Forrester Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 12
8
Investment property
2025
£
Fair value
At 1 April 2024
54,671
Disposals
(5,614)
At 31 March 2025
49,057

Investment property comprises leasehold property and freehold investment for a flat. The leasehold investment property was sold in the year. The value was reviewed internally at the year end.

9
Fixed asset investments
2025
2024
£
£
Shares in group undertakings
1,794,073
1,794,073
Movements in non-current investments
Shares in subsidiaries and participating interests
£
Cost or valuation
At 1 April 2024 & 31 March 2025
1,827,073
Impairment
At 1 April 2024 & 31 March 2025
33,000
Carrying amount
At 31 March 2025
1,794,073
At 31 March 2024
1,794,073
The Eggar Forrester Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 13
10
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
373
14,335
Amounts owed by group undertakings
3,690,583
3,704,171
Other receivables
19,068
18,474
3,710,024
3,736,980
Deferred tax asset
472
269
3,710,496
3,737,249
11
Payables: amounts falling due within one year
2025
2024
£
£
Trade payables
4,212
7,597
Amounts owed to group undertakings
2,100,876
2,142,814
Other payables
19,550
28,159
2,124,638
2,178,570
12
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
98,545 Ordinary shares of £1 each
98,545
98,545
13
Related party transactions

The company has taken advantage of the exemption available in accordance with FRS 102 'Related party disclosures' not to disclose transactions with other group companies.

14
Controlling party

The immediate controlling party is Eggar Forrester Group Holdings Limited, a company registered in England and Wales. Its registered office address is 51 Moorgate, London, EC2R 6BH.

The Eggar Forrester Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 14
15
Subsidiaries

These financial statements are separate company financial statements for The Eggar Forrester Group Limited.

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Country of incorporation
Nature of business
C.W. Kellock & Co. Limited
England and Wales
Shipbroking
Eggar Forrester (Holdings) Limited
England and Wales
Management services
57 Sloane Avenue Limited
England and Wales
Property development
Eggar Forrester Shipbroking Limited
England and Wales
Shipbroking
Name of undertaking
Class of shareholding
% Held
C.W. Kellock & Co. Limited
Ordinary £1
100
Eggar Forrester (Holdings) Limited
Ordinary 10p
100
Preference £1
100
57 Sloane Avenue Limited
Ordinary £1
100
Eggar Forrester Shipbroking Limited
Ordinary £1
100
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