Company Registration No. 00537180 (England and Wales)
A.E.THOROGOOD 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 LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
A.E.THOROGOOD LIMITED
Company Registration No. 00537180
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
5
17,280,322
17,141,124
Investments
6
926,100
926,100
18,206,422
18,067,224
Current assets
Debtors
7
1,728,120
1,872,305
Cash at bank and in hand
100,725
459,492
1,828,845
2,331,797
Creditors: amounts falling due within one year
8
(2,149,201)
(2,176,381)
Net current (liabilities)/assets
(320,356)
155,416
Total assets less current liabilities
17,886,066
18,222,640
Creditors: amounts falling due after more than one year
9
(8,070,000)
(8,070,000)
Net assets
9,816,066
10,152,640
Capital and reserves
Called up share capital
10
10,495
10,495
Capital redemption reserve
2,870
2,870
Profit and loss reserves
9,802,701
10,139,275
Total equity
9,816,066
10,152,640

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 LIMITED
Company Registration No. 00537180
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 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

A.E.Thorogood 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 investment properties at fair value.The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of rental income receivable during the year, exclusive of Value Added Tax and trade discounts. The proportion of invoiced rents that relate to later periods are carried forward as deferred income within creditors.

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:

Equipment
10% straight line

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.

1.4
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.

No deferred taxation has been provided on the increased fair value of the investment properties due to substantial indexation allowances being available.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
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.

1.7
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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Exceptional item
2025
2024
£
£
Expenditure
Profit/(loss) on disposal of investment properties
-
461,680
3
Employees

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

2025
2024
Number
Number
Total
2
4
A.E.THOROGOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2024 and 30 September 2025
140,768
Depreciation and impairment
At 1 October 2024 and 30 September 2025
140,768
Carrying amount
At 30 September 2025
-
0
At 30 September 2024
-
0
5
Investment property
2025
£
Fair value
At 1 October 2024
17,141,124
Additions
139,198
At 30 September 2025
17,280,322

The fair value of the investment properties have been arrived at on the basis of a valuation carried out by G E Grant, a director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
926,100
926,100
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Rents receivable
176,816
146,289
Other debtors
1,551,304
1,726,016
1,728,120
1,872,305
A.E.THOROGOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
8
Creditors: amounts falling due within one year
2025
2024
£
£
Supplier balances
25
1,840
Taxation and social security
1,875
1,365
Other creditors
2,147,301
2,173,176
2,149,201
2,176,381
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
8,070,000
8,070,000

Included in creditors due after more than one year is a bank loan of £8,070,000 (2024 : £8,070,000 ) which is secured against a property held by the company.

10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10,480
10,480
10,480
10,480
Ordinary A shares of 5p each
300
300
15
15
10,780
10,780
10,495
10,495
11
Related party transactions

At the balance sheet date the company owed £231.210 (20 24 - £227,397) to A.E. Thorogood Investments Limited, a connected company.

At the balance sheet date the company owed £39,420 (20 24 - £39,420) to AET Construction Limited, a connected company.

At the balance sheet date the company owed £1,6 31,490 (2024 - £1,640,279) to A E Thorogood Investments Portfolio Limited, a connected company.

During the period the company paid £15,000 (2024 - £20,000) for consultancy services carried out by The J M Grant Family Trust, which J M grant, a director, is a trustee of.

During the period the company paid £97,800 (2024 - £96,000) for consultancy services carried out by The Gareth Grant Family Trust, which G E Grant, a director, is a trustee of.

At the balance sheet date the company was owed £1,046,180 (2024 - £1,159,057) by the director G E Grant. Interest of £33,389 was calculated at the official HMRC rate s of 2.25% and 3.75%.

At the balance sheet date the company was owed £96,813 (2024 - £93,991) by the director J M Grant. Interest of £2,822 was calculated at the official HMRC rate s of 2.25% and 3.75%.

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