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Registration number: 04413785

Hanbury Worden (South West) Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Hanbury Worden (South West) Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Hanbury Worden (South West) Limited

Company Information

Directors | Mrs Kerry Hanbury Mr Steve Hanbury

Registered office | 42a Walnut Road Chelston Torquay Devon TQ2 6HS

Solicitors | Philip Smallwood property lawyer Wonwell Cottage Newton Abbot TQ12 1PY

Accountants | Neil Wilson & Co Chartered Accountants Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Hanbury Worden (South West) Limited

(Registration number: 04413785)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 288,442 | 288,490
Investments | 5 | 76,638 | 76,638
|  | 365,080 | 365,128
Current assets |  |  |
Cash at bank and in hand |  | 26,565 | 134,337
Creditors: Amounts falling due within one year | 7 | (271,959) | (383,525)
Net current liabilities |  | (245,394) | (249,188)
Net assets |  | 119,686 | 115,940
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Revaluation reserve |  | 46,052 | 46,052
Retained earnings |  | 73,632 | 69,886
Shareholders' funds |  | 119,686 | 115,940

For the financial year ending 30 April 2025 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 6 January 2026 and signed on its behalf by:

......................................... Mr Steve Hanbury Director

Hanbury Worden (South West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

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:
42a Walnut Road
Chelston
Torquay
Devon
TQ2 6HS

The principal place of business is:
Flat 1, Seacrest
Roundham Crescent
Paignton
Devon
TQ4 6DF

These financial statements were authorised for issue by the Board on 6 January 2026.

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.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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.

Hanbury Worden (South West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

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
Motor vehicles | 25% Reducing balance
Fixtures and fittings | 25% Reducing balance
Office equipment | 25% Reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Hanbury Worden (South West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

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 (2024 - 2).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 362,700 | 23,285 | 6,605 | 392,590
At 30 April 2025 | 362,700 | 23,285 | 6,605 | 392,590
Depreciation
At 1 May 2024 | 74,406 | 23,186 | 6,508 | 104,100
Charge for the year | - | 28 | 20 | 48
At 30 April 2025 | 74,406 | 23,214 | 6,528 | 104,148
Carrying amount
At 30 April 2025 | 288,294 | 71 | 77 | 288,442
At 30 April 2024 | 288,294 | 99 | 97 | 288,490

Included within the net book value of land and buildings above is £288,294 (2024 - £288,294) in respect of freehold land and buildings.

5 | Investments

| 2025 £ | 2024 £
Other investments | 76,638 | 76,638

Hanbury Worden (South West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6 | Debtors

Current | 2025 £ | 2024 £
| - | -

Hanbury Worden (South West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 1,733 | -
Taxation and social security | 100,154 | 100,423
Accruals and deferred income | 985 | 995
Other creditors | 169,087 | 282,107
| 271,959 | 383,525

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2

9 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £2,000.00 (2024 - £2,000.00) per ordinary share |  | 1,000 |  | 4,000

10 | Related party transactions

Transactions with directors

2025 | At 1 May 2024 £ | Advances to director £ | At 30 April 2025 £
Mrs Kerry Hanbury
Loan from S V PHanbury and K Hanbury | (273,982) | 113,020 | (160,962)

Hanbury Worden (South West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

2024 | At 1 May 2023 £ | Repayments by director £ | At 30 April 2024 £
Mrs Kerry Hanbury
Loan from S V PHanbury and K Hanbury | (186,345) | (87,637) | (273,982)

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 25,140 | 25,140

Dividends paid to directors

|  | 2025 £ |  | 2024 £
Mrs Kerry Hanbury |  |  |  |
interim dividends |  | 500 |  | 2,000
Mr Steve Hanbury |  |  |  |
interim dividends |  | 500 |  | 2,000