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Registration number: 02853229

Anspear Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Anspear Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 12

Anspear Limited

Company Information

Directors | Mr Mark Anthony Pearson Mr Stephen Charles Richard Munday Mr George Alexander Pearson Mr Charles Alexander Pearson Mr Edward George Pearson

Company secretary | Mr Pieter Thomas van Beesten

Registered office | 10 Hills Road Cambridge Cambridgeshire England CB2 1JT

Accountants | Tayabali & White 5 High Green Great Shelford Cambridge CB22 5EG

Anspear Limited

(Registration number: 02853229)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 197 | 262
Investments | 6 | 553 | 12,002
|  | 750 | 12,264
Current assets |  |  |
Debtors | 7 | 713,498 | 657,424
Cash at bank and in hand |  | 110,146 | 20,190
|  | 823,644 | 677,614
Creditors: Amounts falling due within one year | 8 | (404,027) | (338,278)
Net current assets |  | 419,617 | 339,336
Total assets less current liabilities |  | 420,367 | 351,600
Creditors: Amounts falling due after more than one year | 8 | (508,063) | (656,413)
Net liabilities |  | (87,696) | (304,813)
Capital and reserves |  |  |
Called up share capital | 9 | 1,376 | 1,376
Share premium reserve |  | 728,064 | 728,064
Retained earnings |  | (817,136) | (1,034,253)
Shareholders' deficit |  | (87,696) | (304,813)

For the financial year ending 31 July 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.

Anspear Limited

(Registration number: 02853229)
Balance Sheet as at 31 July 2025

Approved and authorised by the Board on 5 March 2026 and signed on its behalf by:

......................................... Mr George Alexander Pearson Director

Anspear Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

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

The company's registered number is 02853229.

The address of its registered office is:
10 Hills Road
Cambridge
Cambridgeshire
CB2 1JT
England

These financial statements were authorised for issue by the Board on 5 March 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.

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.

Tax

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.

Anspear Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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
Fixtures, fittings and 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.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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.

Anspear Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Anspear Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2024 - 15).

Anspear Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4 | Intangible assets

| Goodwill £ | Internally generated software development costs £ | Total £
Cost or valuation
At 1 August 2024 | 130,000 | 7,512 | 137,512
At 31 July 2025 | 130,000 | 7,512 | 137,512
Amortisation
At 1 August 2024 | 130,000 | 7,512 | 137,512
At 31 July 2025 | 130,000 | 7,512 | 137,512
Carrying amount
At 31 July 2025 | - | - | -

5 | Tangible assets

| Fixtures and fittings £ | Office equipment £ | Total £
Cost or valuation
At 1 August 2024 | 15,904 | 31,246 | 47,150
At 31 July 2025 | 15,904 | 31,246 | 47,150
Depreciation
At 1 August 2024 | 15,755 | 31,133 | 46,888
Charge for the year | 37 | 28 | 65
At 31 July 2025 | 15,792 | 31,161 | 46,953
Carrying amount
At 31 July 2025 | 112 | 85 | 197
At 31 July 2024 | 149 | 113 | 262

Anspear Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6 | Investments

| 2025 £ | 2024 £
Investments in associates | 553 | 12,002

Associates | £
Cost
At 1 August 2024 | 553
Provision
Carrying amount
At 31 July 2025 | 553
At 31 July 2024 | 12,002

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 643,092 | 593,590
Prepayments | 70,406 | 63,834
| 713,498 | 657,424

Anspear Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 50,622 | 49,783
Taxation and social security | 165,736 | 122,091
Accruals and deferred income | 187,669 | 166,404
| 404,027 | 338,278

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 508,063 | 656,413

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £0.00 each | 1,376,261 | 1,376 | 1,376,261 | 1,376

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 508,063 | 656,413

Anspear Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

11 | Related party transactions

At the balance sheet date the company owed the directors the following:
G A Pearson £0 (2024: £450)
In addition the company owed the Hanford Dairy Farm partnership £508,063 (2024: £655,963). Interest is being charged on this loan at a variable interest rate above the Bank of England base rate.
The directors, G A Pearson and M A Pearson are partners in Hanford Dairy Farm, each holding 50%.

Anspear Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 138,221 | -