Company registration number 00858170 (England and Wales)
ANGLO AQUATIC PLANT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
ANGLO AQUATIC PLANT COMPANY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
ANGLO AQUATIC PLANT COMPANY LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
429,010
1,266,152
Current assets
Stocks
5
273,381
365,402
Debtors
6
179,390
207,949
Cash at bank and in hand
275,398
5,606
728,169
578,957
Creditors: amounts falling due within one year
7
(524,513)
(482,465)
Net current assets
203,656
96,492
Total assets less current liabilities
632,666
1,362,644
Creditors: amounts falling due after more than one year
8
(256,781)
(283,320)
Provisions for liabilities
(16,323)
(97,652)
Net assets
359,562
981,672
Capital and reserves
Called up share capital
863
300
Revaluation reserve
-
0
313,746
Profit and loss reserves
358,699
667,626
Total equity
359,562
981,672

The notes on pages 3 to 7 form part of these financial statements.

ANGLO AQUATIC PLANT COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 April 2026 and are signed on its behalf by:
Ms C Everett
Director
Company registration number 00858170 (England and Wales)
ANGLO AQUATIC PLANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

ANGLO AQUATIC PLANT COMPANY LIMITED is a private company limited by shares incorporated in England and Wales. The registered office is 32 Strayfield Road, Enfield, Greater London, United Kingdom, EN2 9JE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets 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 land and buildings
2% on cost
Plant and equipment
25% on cost
Fixtures and fittings
33% on cost

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.

ANGLO AQUATIC PLANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

1.5
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.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

ANGLO AQUATIC PLANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
1.7
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 profit and loss account 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 profit and loss account, 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.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was: 29

2025
2024
Number
Number
Total
20
30
ANGLO AQUATIC PLANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 September 2024
1,398,759
728,261
24,883
2,151,903
Additions
-
0
18,669
-
0
18,669
Disposals
(1,001,127)
(7,180)
-
0
(1,008,307)
At 31 August 2025
397,632
739,750
24,883
1,162,265
Depreciation and impairment
At 1 September 2024
209,469
651,399
24,883
885,751
Depreciation charged in the year
7,835
30,238
-
0
38,073
Eliminated in respect of disposals
(183,389)
(7,180)
-
0
(190,569)
At 31 August 2025
33,915
674,457
24,883
733,255
Carrying amount
At 31 August 2025
363,717
65,293
-
0
429,010
At 31 August 2024
1,189,290
76,862
-
0
1,266,152
4
Fixed asset investments
2025
2024
£
£
Movements in fixed asset investments
Shares in
£
Cost or valuation
At 1 September 2024
-
Additions
8,254,059
Disposals
(8,254,059)
At 31 August 2025
-
Carrying amount
At 31 August 2025
-
At 31 August 2024
-
5
Stocks
2025
2024
£
£
Stocks
273,381
365,402
ANGLO AQUATIC PLANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
167,760
192,275
Other debtors
11,630
15,674
179,390
207,949
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
73,158
Trade creditors
87,324
50,754
Taxation and social security
171,698
118,074
Other creditors
265,491
240,479
524,513
482,465
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
-
0
40,793
Other creditors
256,781
242,527
256,781
283,320
9
Capital reduction demerger and property transfer

During the year the shareholders implemented a capital reduction demerger to separate the Company’s aquatics trading business from the freehold property from which it operates. A new subsidiary company (“Propco”) was incorporated and the Company’s freehold interest in the property was transferred to Propco at market value of £8,254,059 (based on the May 2025 valuation). Consideration was satisfied by the issue of shares in Propco to the Company.

Following the transfer, a lease at market terms was entered into between Propco (as landlord) and the Company (as tenant) to allow the Company to continue to operate from the property.

The transfer of the freehold has been accounted for as a disposal of tangible fixed assets. A profit on disposal of £7,829,170 has been recognised in profit or loss within administrative expenses. The disposal is reflected in the tangible fixed assets note.

As part of the demerger steps, the shares in Propco were subsequently distributed in specie to the shareholders. Accordingly, the Company recognised an investment in Propco shares of £8,254,059 and the investment was distributed during the year.

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