REGISTERED NUMBER: 09323785 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH JUNE 2025

FOR

BEGWNS LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

C J Charnley

Mrs S L Charnley

Registered office:

Thorn Business Centre

Rotherwas

Hereford

HR2 6JT

Registered number:

09323785 (England and Wales)

Fixed assets

Tangible assets

4

4,057,290

3,862,214

Investments

5

419,683

419,683

4,476,973

4,281,897

Current assets

Debtors

6

1,187,881

1,173,185

Investments

7

2,289,464

-

Cash at bank

10,038,597

3,115,488

13,515,942

4,288,673

Creditors

Amounts falling due within one year

8

533,626

395,500

Net current assets

12,982,316

3,893,173

Total assets less current liabilities

17,459,289

8,175,070

Capital and reserves

Called up share capital

9

200

200

Retained earnings

17,459,089

8,174,870

Shareholders' funds

17,459,289

8,175,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th April 2026 and were signed on its behalf by:

C J Charnley - Director

1.	Statutory information

Begwns Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Begwns Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates in order to write off each asset over its estimated useful life on a straight line basis;

Land & buildings

0% & 2%

Plant & machinery

10% & 25%

Furniture & fixtures

15%

Motor vehicles

25%

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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 trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Current asset investments

Current asset investments are shown in the balance sheet at fair value.

3.	Employees (including officers)

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Tangible fixed assets

Freehold

Leasehold

Plant &

property

property

machinery

£

£

£

Cost

At 1st July 2024

3,593,922

-

373,270

Additions

41,222

219,631

104,638

At 30th June 2025

3,635,144

219,631

477,908

Depreciation

At 1st July 2024

109,836

-

235,750

Charge for year

58,514

4,393

106,217

At 30th June 2025

168,350

4,393

341,967

Net book value

At 30th June 2025

3,466,794

215,238

135,941

At 30th June 2024

3,484,086

-

137,520

Furniture &

Motor

fixtures

vehicles

Totals

£

£

£

Cost

At 1st July 2024

258,512

71,950

4,297,654

Additions

28,090

-

393,581

At 30th June 2025

286,602

71,950

4,691,235

Depreciation

At 1st July 2024

32,808

57,046

435,440

Charge for year

18,684

10,697

198,505

At 30th June 2025

51,492

67,743

633,945

Net book value

At 30th June 2025

235,110

4,207

4,057,290

At 30th June 2024

225,704

14,904

3,862,214

Included in cost of land and buildings is freehold land of £ 709,479 (2024 - £ 709,479 ) which is not depreciated.

5.	Fixed asset investments

30.6.25

30.6.24

£

£

Shares in group undertakings

100

100

Other investments not loans

419,583

419,583

419,683

419,683

Additional information is as follows:

Shares in

group

Unlisted

undertakings

investments

Totals

£

£

£

Cost

At 1st July 2024

and 30th June 2025

100

250

350

Net book value

At 30th June 2025

100

250

350

At 30th June 2024

100

250

350

Investments (neither listed nor unlisted) were as follows:

30.6.25

30.6.24

£

£

Other financial assets

419,333

419,333

The company's investments at the Balance sheet date in the share capital of companies include the following:

Subsidiary

Sarah Charnley Ltd

Registered office: Thorn Business Centre, Rotherwas, Hereford, United Kingdom, HR2 6JT

Nature of business: Retail of antiques

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

31,635

31,739

Associated companies

Twmpa Capital Limited

Registered office: Thorn Business Centre, Rotherwas, Hereford, United Kingdom, HR2 6JT

Nature of business: Holding company

%

Class of shares:

holding

Ordinary

50.00

30.6.25

30.6.24

£

£

Aggregate capital and reserves

100

100

Ambrey Limited

Registered office: Thorn Business Centre, Rotherwas, Hereford, United Kingdom, HR2 6JT

Nature of business: Private security services

%

Class of shares:

holding

Ordinary

50.00

This represents 50% of the shares of Ambrey Limited, the activities and undertakings are shown within Ambrey Limited accounts.

6.

Debtors: amounts falling due within one year

30.6.25

30.6.24

£

£

Trade debtors

-

4,200

Amounts owed by group undertakings

290,891

290,891

Amounts owed by participating interests

-

38,219

Other debtors

770,404

839,875

S455

31,942

-

Directors' loan accounts

94,644

-

1,187,881

1,173,185

7.	Current asset investments

30.6.25

30.6.24

£

£

Listed investments

2,289,464

-

Market value of listed investments at 30th June 2025 - £ 2,289,464 .

8.

Creditors: amounts falling due within one year

30.6.25

30.6.24

£

£

Trade creditors

26,409

8,879

Amounts owed to participating interests

470,332

50

Other creditors

4,943

1,228

S455

31,942

-

Directors' loan accounts

-

385,343

533,626

395,500

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

200

Ordinary

£1

200

200

10.	Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments at 30th June 2025.

11.	Directors' advances, credits and guarantees

During the year, the directors used a current account with the company to record amounts due to them and amounts drawn by them. Loans and advances totalling £190,610 and repayments of £95,966 were made during the year. The balance at the year end was £94,644 owed to the company (2024: £385,343 owed by the company).

The loans and advances were made interest free and were repayable on demand.

12.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The following transactions with related parties took place during the year, on normal commercial terms:

Loans to/ (repaid

)

Debtor balance

Creditor balance

£

£

£

Transactions with significant influence entities

(508,501

)

-

470,332