Company Registration No. 09193073 (England and Wales)
A E THOROGOOD INVESTMENTS
PORTFOLIO LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
A E THOROGOOD INVESTMENTS PORTFOLIO LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
A E THOROGOOD INVESTMENTS PORTFOLIO LIMITED
Company Registration No. 09193073
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
5
2,790,000
2,790,000
Current assets
Debtors
6
1,648,361
1,652,610
Cash at bank and in hand
39,193
44,732
1,687,554
1,697,342
Creditors: amounts falling due within one year
7
(1,907,445)
(1,905,365)
Net current liabilities
(219,891)
(208,023)
Total assets less current liabilities
2,570,109
2,581,977
Creditors: amounts falling due after more than one year
8
(1,161,000)
(1,161,000)
Provisions for liabilities
(301,363)
(301,363)
Net assets
1,107,746
1,119,614
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
1,107,646
1,119,514
Total equity
1,107,746
1,119,614

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

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

A E THOROGOOD INVESTMENTS PORTFOLIO LIMITED
Company Registration No. 09193073
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2025
30 September 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 13 May 2026 and are signed on its behalf by:
G E Grant
Director
A E THOROGOOD INVESTMENTS PORTFOLIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

A E Thorogood Investments Portfolio Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.

1.1
Accounting convention

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover compromises revenue recognised by the company in respect of rental income receivable during the year. The proportion of invoiced rents that relate to later periods are carried forward as deferred income within creditors.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash at bank and in hand

Cash at bank and in hand 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.

1.5
Financial instruments
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.

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.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

A E THOROGOOD INVESTMENTS PORTFOLIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
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.

2
Exceptional item
2025
2024
£
£
Expenditure
Profit/(loss) on disposal of investment properties
-
(38,733)
3
Employees

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

2025
2024
Number
Number
Total
3
3
4
Interest payable and similar expenses
2025
2024
£
£
Interest payable and similar expenses includes the following:
Interest on bank overdrafts and loans
83,425
135,170
Interest payable to group undertakings
54,883
52,671
5
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
2,790,000

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by Vail Williams property management, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

A E THOROGOOD INVESTMENTS PORTFOLIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Rents receivable
12,870
8,851
Other debtors
1,635,491
1,643,759
1,648,361
1,652,610
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
1,884,332
1,823,354
Taxation and social security
-
53,155
Other creditors
23,113
28,856
1,907,445
1,905,365
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,161,000
1,161,000
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
10
Related party transactions

At the balance sheet date the company owed £1,8 84,332 (202 4 - £1,8 23,354 ) to A.E. Thorogood Investments Limited, its parent undertaking. This loan is repayable on demand and attracts interest at 3% per annum.

At the balance sheet date the company was owed £1,6 31,491 (202 4 - £1,640,279 ) by A E Thorogood Limited, a connected company.

At the balance sheet date the company was owed £4,000 (202 4 - £Nil ) by A ET Construction Limited, a connected company.

During the period the company paid £Nil (202 4 - £84,000) for consultancy services carried out by The Gareth Grant Family Trust, which G E Grant, a director, is a trustee of.

11
Parent company

The parent company is A E Thorogood Investments Limited, a company registered in England and Wales.

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