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Company No: 00786549 (England and Wales)

# A.J.KNOWLES LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

A.J.KNOWLES LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

A.J.KNOWLES LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2025
A.J.KNOWLES LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 250,000 |  | 250,000
|  | 250,000 |  | 250,000
Current assets |  |  |  |
Debtors | 4 | 89 |  | 268
Cash at bank and in hand |  | 244,144 |  | 284,670
|  | 244,233 |  | 284,938
Creditors: amounts falling due within one year | 5 | ( 47,741) |  | ( 46,951)
Net current assets |  | 196,492 |  | 237,987
Total assets less current liabilities |  | 446,492 |  | 487,987
Net assets |  | 446,492 |  | 487,987
Capital and reserves |  |  |  |
Called-up share capital | 6 | 50,750 |  | 50,750
Capital redemption reserve |  | 8,250 |  | 8,250
Profit and loss account | 8 | 387,492 |  | 428,987
Total shareholders' funds |  | 446,492 |  | 487,987

For the financial year ending 31 December 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 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.J.Knowles Limited (registered number: 00786549) were approved and authorised for issue by the Board of Directors on 12 March 2026. They were signed on its behalf by:

R J Knowles Director |

A.J.KNOWLES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
A.J.KNOWLES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 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.J.Knowles 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 50 Broad Street, Worcester, WR1 3LR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### 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 Statement of Financial Position date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Fixtures and fittings | 7 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.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### 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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Land and buildings |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2025 | 290,000 |  | 74,362 |  | 364,362
At 31 December 2025 | 290,000 |  | 74,362 |  | 364,362
Accumulated depreciation |  |  |  |  |
At 01 January 2025 | 40,000 |  | 74,362 |  | 114,362
At 31 December 2025 | 40,000 |  | 74,362 |  | 114,362
Net book value |  |  |  |  |
At 31 December 2025 | 250,000 |  | 0 |  | 250,000
At 31 December 2024 | 250,000 |  | 0 |  | 250,000

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 89 |  | 89
Corporation tax | 0 |  | 179
| 89 |  | 268

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 1,327 |  | 1,812
Amounts owed to directors | 35,341 |  | 36,139
Accruals | 3,720 |  | 2,000
Taxation and social security | 353 |  | 0
Other creditors | 7,000 |  | 7,000
| 47,741 |  | 46,951

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
41,750 Ordinary shares of £ 1.00 each | 41,750 |  | 41,750
9,000 Preference shares of £ 1.00 each | 9,000 |  | 9,000
| 50,750 |  | 50,750

#### 7. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to directors | 35,341 |  | 36,139

The loans are interest free with no fixed repayment date. Dividends were declared during the year totalling £46,000 (2024: £46,000).

#### 8. Profit and loss reserve

| 2025 |  | 2024
| £ |  | £
Profit and loss account - distributable reserves | 129,131 |  | 170,626
Profit and loss account - non-distributable reserves | 258,361 |  | 258,361
| 387,492 |  | 428,987

The non-distributable element of the profit and loss reserve relates to a fair value adjustment on the company's land and buildings.