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Registration number: 00555369

A G Hicks Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

A G Hicks Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 8

A G Hicks Limited

(Registration number: 00555369)
Statement of Financial Position as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 764,130 | 630,250
Current assets |  |  |
Stocks | 5 | 74,330 | 23,097
Debtors | 6 | 62,432 | 26,415
Cash at bank and in hand |  | 1,263,840 | 1,584,506
|  | 1,400,602 | 1,634,018
Creditors: Amounts falling due within one year | 7 | (51,406) | (120,343)
Net current assets |  | 1,349,196 | 1,513,675
Total assets less current liabilities |  | 2,113,326 | 2,143,925
Provisions for liabilities |  | (14,638) | (6,925)
Net assets |  | 2,098,688 | 2,137,000
Capital and reserves |  |  |
Called up share capital |  | 250 | 250
Profit and loss account |  | 2,098,438 | 2,136,750
Shareholders' funds |  | 2,098,688 | 2,137,000

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 1 July 2026 and signed on its behalf by:

Dr A A Hicks Director

A G Hicks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
80 Oxford Street
Burnham on Sea
Somerset
TA8 1EF
England and Wales

Principal activity

The principal activity of the company is that of a caravan site operator

The principal place of business is:
Southfield Farm Caravan Park
Weston Road
Brean
Burnham-on-Sea
Somerset
TA8 2RL

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

A G Hicks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

A G Hicks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Long leasehold land and buildings | - 15 years straight line
Plant & Machinery | - 10% straight line
Motor vehicles | - 25% straight line
Office equipment | - 25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

A G Hicks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 9).

A G Hicks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

4 | Tangible assets

| Long leasehold land and buildings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 2,051,473 | 312,845 | 4,830 | 58,929 | 2,428,077
Additions | 197,519 | - | 264 | 47,116 | 244,899
At 31 October 2025 | 2,248,992 | 312,845 | 5,094 | 106,045 | 2,672,976
Depreciation
At 1 November 2024 | 1,429,269 | 305,374 | 4,255 | 58,929 | 1,797,827
Charge for the year | 96,699 | 2,284 | 257 | 11,779 | 111,019
At 31 October 2025 | 1,525,968 | 307,658 | 4,512 | 70,708 | 1,908,846
Carrying amount
At 31 October 2025 | 723,024 | 5,187 | 582 | 35,337 | 764,130
At 31 October 2024 | 622,204 | 7,471 | 575 | - | 630,250

5 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 74,330 | 23,097

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 13,952 | 23,314
Other debtors | 36,443 | -
Prepayments | 12,037 | 3,101
| 62,432 | 26,415

A G Hicks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 807 | 832
Taxation and social security | 35,301 | 85,892
Accruals and deferred income | 11,730 | 15,480
Other creditors | 3,568 | 18,139
| 51,406 | 120,343

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

9 | Related party transactions

Two of the directors, Mrs M H M Hicks and Mrs R M Baker, are partners in A G Hicks and Sons which carries on the business of farming. All non-management labour used by the company is paid for by A G Hicks and Sons and re-charged by way of management fees. The amount re-charged for the year ended 31 October 2025 was £5,784 (2024 - £5,784). The company also hires equipment from the farming partnership at an annual cost of £5,000 (2024 - £5,000) and rents two fields, a paddock and shed at a cost of £8,000 per annum (2024 - £8,000).

Transactions with directors

2025 | At 1 November 2024 £ | Advances to director £ | Repayments by director £ | At 31 October 2025 £
Directors | (18,139) | 16,355 | (1,784) | (3,568)

2024 | At 1 November 2023 £ | Advances to director £ | Repayments by director £ | At 31 October 2024 £
Directors | (20,854) | 4,500 | (1,785) | (18,139)

A G Hicks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

9 | Related party transactions (continued)

Other transactions with directors

The directors loans are unsecured, interest free and repayable on demand.