Company No: 00368860 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	F L Squier
	J W M Squier
	T H A Squier
	W H R Squier
	W J Squier

SECRETARY

T H A Squier

REGISTERED OFFICE	Apton Hall Farm
	Apton Hall Road
	Canewdon
	SS4 3RH
	United Kingdom

COMPANY NUMBER

00368860 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

BANKERS	Barclays Bank plc
	The Southend Business Centre
	PO Box 1504
	Southend On Sea
	Essex
	SS2 6XX

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	3,309,094		2,349,459
Investment property	4	1,922,279		1,922,279
Investments	5	1,050		1,050
		5,232,423		4,272,788
Current assets
Stocks	6	338,320		223,114
Debtors
- due within one year	7	2,255,900		2,232,234
- due after more than one year	7	0		1,419,927
Cash at bank and in hand		455,731		984,146
		3,049,951		4,859,421
Creditors: amounts falling due within one year	8	( 1,328,134)		( 1,496,317)
Net current assets		1,721,817		3,363,104
Total assets less current liabilities		6,954,240		7,635,892
Creditors: amounts falling due after more than one year	9	( 139,219)		( 792,445)
Provision for liabilities	10	( 736,489)		( 705,197)
Net assets		6,078,532		6,138,250
Capital and reserves
Called-up share capital	11	6,736		6,736
Revaluation reserve		880,841		880,841
Capital redemption reserve		3,264		3,264
Profit and loss account		5,187,691		5,247,409
Total shareholder's funds		6,078,532		6,138,250

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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of A.W.Squier Limited (registered number: 00368860) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

W H R Squier Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A.W.Squier Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Apton Hall Farm, Apton Hall Road, Canewdon, SS4 3RH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of A.W.Squier Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

The Company has transferred the significant risks and rewards of ownership to the buyer;
The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
The amount of revenue can be measured reliably;
It is probable that the Company will receive the consideration due under the transaction; and
The costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
The amount of revenue can be measured reliably.
It is probable that the Company will receive the consideration due under the contract;
The stage of completion of the contract at the end of the reporting period can be measured reliably; and
The costs incurred and the costs to complete the contract can be measured reliably.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 % reducing balance
Plant and machinery	10 - 25 % reducing balance
Vehicles	10 - 25 % reducing balance
Fixtures and fittings	10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 January 2024	1,875,189		1,071,856		1,131,132		397,766		4,475,943
Additions	939,596		12,663		291,554		0		1,243,813
Disposals	( 2,077)		( 6,450)		( 120,100)		0		( 128,627)
At 31 December 2024	2,812,708		1,078,069		1,302,586		397,766		5,591,129
Accumulated depreciation
At 01 January 2024	430,055		731,919		656,072		308,438		2,126,484
Charge for the financial year	31,693		29,906		24,133		29,776		115,508
Disposals	( 415)		( 2,394)		( 82,100)		0		( 84,909)
Charge for the financial year - Financed Assets	0		5,700		119,252		0		124,952
At 31 December 2024	461,333		765,131		717,357		338,214		2,282,035
Net book value
At 31 December 2024	2,351,375		312,938		585,229		59,552		3,309,094
At 31 December 2023	1,445,134		339,937		475,060		89,328		2,349,459
Leased assets included above:
Net book value
At 31 December 2024	0		43,617		500,555		0		544,171
At 31 December 2023	0		49,317		364,807		0		414,124

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	1,922,279
As at 31 December 2024	1,922,279

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2024		2023
	£		£
Historic cost	1,922,279		1,922,279

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	1,050		1,050
At 31 December 2024	1,050		1,050
Carrying value at 31 December 2024	1,050		1,050
Carrying value at 31 December 2023	1,050		1,050

6. Stocks

	2024		2023
	£		£
Raw materials	88,102		53,072
Work in progress	89,218		61,642
Finished goods	161,000		108,400
	338,320		223,114

7. Debtors

	2024		2023
	£		£
Debtors: amounts falling due within one year
Trade debtors	80,931		48,736
Amounts owed by Parent undertakings	686,240		686,240
Prepayments	38,018		58,039
VAT recoverable	0		22,472
Corporation tax	30,036		0
Other debtors	1,420,675		1,416,747
	2,255,900		2,232,234
Debtors: amounts falling due after more than one year
Other debtors	0		1,419,927

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	21,449		17,960
Trade creditors	65,714		30,191
Other loans	30,000		50,000
Accruals and deferred income	54,717		90,438
Corporation tax	0		727,023
Other taxation and social security	15,097		21,583
Obligations under finance leases and hire purchase contracts	219,572		98,615
Other creditors	921,585		460,507
	1,328,134		1,496,317

9. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	75,665		638,454
Obligations under finance leases and hire purchase contracts	63,554		153,991
	139,219		792,445

10. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 705,197)		( 610,267)
Charged to the Profit and Loss Account	( 31,292)		( 94,930)
At the end of financial year	( 736,489)		( 705,197)

11. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
6,736 Ordinary shares of £ 1.00 each	6,736		6,736

12. Related party transactions

The company owed directors £17,885 (2023: £18,127). These balances are interest free with no fixed repayment terms.

The company also owed a director £869,472 (2023: £406,459). This balance is interest bearing at a rate of 3% with no fixed repayment terms.

The company purchased land from a director for £525,000 (2023: Nil).

13. Ultimate controlling party

Parent Company:

A W Squier Holdco Limited