Company No: 01340220 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	Einar Charles Thomas Willett
	Joanna Claire Willett

Secretary

Joanna Claire Willett

Registered office	Acol Farm
	Acol
	Birchington
	CT7 0JA
	United Kingdom

Company number

01340220 (England and Wales)

Accountant	Kreston Reeves LLP
	Suite 2
	Orchard House
	Orchard Street
	Canterbury
	Kent
	CT2 8AR

Bankers	HSBC Bank PLC
	35 London Road
	Cowplain
	Hants
	PO8 8DF

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C.S. Willett & Co. Ltd for the financial year ended 30 September 2025 which comprise the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of C.S. Willett & Co. Ltd, as a body, in accordance with the terms of our engagement letter dated 08 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of C.S. Willett & Co. Ltd and state those matters that we have agreed to state to the Board of Directors of C.S. Willett & Co. Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C.S. Willett & Co. Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that C.S. Willett & Co. Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C.S. Willett & Co. Ltd. You consider that C.S. Willett & Co. Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of C.S. Willett & Co. Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Suite 2
Orchard House
Orchard Street
Canterbury
Kent
CT2 8AR

28 May 2026

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	5,275		1,477
		5,275		1,477
Current assets
Stocks		5,000		5,000
Debtors	4	34,327		40,770
Cash at bank and in hand		60,593		13,396
		99,920		59,166
Creditors: amounts falling due within one year	5	( 61,931)		( 16,039)
Net current assets		37,989		43,127
Total assets less current liabilities		43,264		44,604
Creditors: amounts falling due after more than one year	6	( 2,867)		( 8,495)
Net assets		40,397		36,109
Capital and reserves
Called-up share capital	7	40,100		40,100
Profit and loss account		297		( 3,991 )
Total shareholders' funds		40,397		36,109

For the financial year ending 30 September 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 financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of C.S. Willett & Co. Ltd (registered number: 01340220) were approved and authorised for issue by the Board of Directors on 28 May 2026. They were signed on its behalf by:

Einar Charles Thomas Willett Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C.S. Willett & Co. Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Acol Farm, Acol, Birchington, CT7 0JA, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	25 years straight line
Plant and machinery	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Land and buildings		Plant and machinery		Total
	£		£		£
Cost
At 01 October 2024	60,151		185,765		245,916
Additions	0		5,292		5,292
At 30 September 2025	60,151		191,057		251,208
Accumulated depreciation
At 01 October 2024	60,150		184,289		244,439
Charge for the financial year	0		1,494		1,494
At 30 September 2025	60,150		185,783		245,933
Net book value
At 30 September 2025	1		5,274		5,275
At 30 September 2024	1		1,476		1,477

The net book value of land and buildings may be further analysed as follows:

Long leasehold 2025- 1, (2024- 1 ).

4. Debtors

	2025		2024
	£		£
Trade debtors	15,906		( 639)
Amounts owed by directors	0		20,108
Prepayments	11,631		13,440
S455	6,790		7,861
	34,327		40,770

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	5,632		5,489
Trade creditors	189		2,686
Amounts owed to directors	33,334		0
Accruals and deferred income	21,500		7,440
Other taxation and social security	1,276		98
Obligations under finance leases and hire purchase contracts	0		326
	61,931		16,039

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	2,867		8,495

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
40,100 Ordinary shares of £ 1.00 each	40,100		40,100

8. Related party transactions

Transactions with the entity's directors

During the year the Company rented farmland and buildings from ECT Willett (director) at a cost of £18,200 (2024: £18,200). No liability was outstanding at 30 September 2025 (2024: £NIL).

In the opinion of the directors, these transactions were undertaken on an arm's length basis.