Company registration number 16027471 (England and Wales)
AVT & PARTNERS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
AVT & PARTNERS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10
AVT & PARTNERS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
Notes
£
£
Fixed assets
Tangible assets
4
4,389,528
Current assets
Stocks
5
636,276
Debtors
6
609,814
Cash at bank and in hand
1,779,999
3,026,089
Creditors: amounts falling due within one year
7
(3,039,814)
Net current liabilities
(13,725)
Total assets less current liabilities
4,375,803
Creditors: amounts falling due after more than one year
8
(184,838)
Provisions for liabilities
(150,055)
Net assets
4,040,910
Capital and reserves
Called up share capital
9
100
Share premium account
3,950,899
Profit and loss reserves
89,911
Total equity
4,040,910
AVT & PARTNERS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial period ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question 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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 17 July 2026 and are signed on its behalf by:
Mr A V Tomson
Mrs C Tomson
Director
Director
Mr W Tomson
Director
Company registration number 16027471 (England and Wales)
AVT & PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

AVT & Partners Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4b Church Street, DISS, Norfolk, IP22 4DD. The principal place of business is Oakleigh Grange Farm, North Green, Pulham St Mary, DISS, Norfolk, IP21 4XY.

During the period the company's name was changed from Holdvest 109 Limited.

1.1
Reporting period

The company was incorporated on 18 October 2024 and started trading on 29 March 2025. The directors have adopted a 31 December financial year end.

1.2
Basis of preparation

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. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

The company recognises revenue from the following major sources:

- Sale of cattle

- Pig husbandry

- Management fees

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sale of cattle

Revenue from the sale of cattle is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on delivery of the animals), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Pig husbandry

Revenue from contracts for the provision of animal husbandry is recognised over the period the service is provided. Revenue from the breeding of piglets is recognised on the delivery of the piglets.

AVT & PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Management fees

Management fees are recognised over the period the service is delivered.

1.5
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:

Freehold land and buildings
25 years straight line
Plant and equipment
20% reducing balance
Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance
Pig equipment
15% reducing balance

Freehold land is not depreciated.

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.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Biological assets and inventory

The company's biological assets consist of cows in the form of breeding heifers, cows and bulls, along with their progeny at various stages throughout the growing cycle up to finished cows for slaughter. In addition the company has growing crops. All biological assets are treated as current assets within stock and are valued using the cost model.

Livestock is valued at an average estimated deemed cost per category, based on stratification across different ages of the animals. An allowance is made for expected mortality rates.

Growing crops are valued based on costs of inputs to date.

Harvested arable stocks are stated at the lower of cost and net realisable value.

Consumables, including animal feed, chemicals and fertilisers are stated at cost.

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.

1.8
Cash and cash equivalents

Cash and cash equivalents 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.

AVT & PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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 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.

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 deducting all of its liabilities.

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.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
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.

1.11
Taxation

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

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.

AVT & PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the lia bility.

As lessor

When the company acts as a lessor, a lease is classified as a finance lease whenever it transfers substantially all the risks and rewards of ownership of the underlying asset to the lessee, either at the end of the lease term or for the major part of the economic life of the asset. All other leases are classified as operating leases. If an arrangement contains both lease and non-lease components, the company allocates the consideration in the contract to the two elements.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.15
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

The company accounts for government grants using the accruals method. Grants relating to revenue expenditure are recognised in the profit and loss account over the periods in which the related costs are recognised. Grants relating to capital assets are recognised in income systematically over the expected useful life of the asset.

AVT & PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Valuation of stocks

The company has both livestock and arable crops within stock at the year end. Both will be at various stages of growth and do not necessarily have a readily available cost or net realisable value.

The directors value the livestock and the crops taking in to account a range of data, including market values, any available information on attributable costs and government guidance. In performing the valuation, it is necessary to stratify the livestock within categories and age groupings, rather than ascribe a value to each individual animal.

3
Employees

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

2025
Number
Total
10
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Pig equipment
Total
£
£
£
£
£
£
Cost
At 18 October 2024
-
0
-
0
-
0
-
0
-
0
-
0
Additions
280,398
236,064
900
14,126
10,805
542,293
Business combinations
3,433,735
216,762
13,889
111,334
187,109
3,962,829
Disposals
-
0
(13,221)
-
0
-
0
-
0
(13,221)
At 31 December 2025
3,714,133
439,605
14,789
125,460
197,914
4,491,901
Depreciation and impairment
At 18 October 2024
-
0
-
0
-
0
-
0
-
0
-
0
Depreciation charged in the period
1,781
55,422
1,664
21,758
21,748
102,373
At 31 December 2025
1,781
55,422
1,664
21,758
21,748
102,373
AVT & PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Pig equipment
Total
£
£
£
£
£
£
(Continued)
- 8 -
Carrying amount
At 31 December 2025
3,712,352
384,183
13,125
103,702
176,166
4,389,528
5
Stocks
2025
£
Livestock
479,250
Growing crops
97,594
Consumables
59,432
636,276
6
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
90,114
Other debtors
519,700
609,814
7
Creditors: amounts falling due within one year
2025
£
Bank loans and overdrafts
22,395
Trade creditors
94,166
Corporation tax
49,334
Other taxation and social security
33,078
Directors' loan accounts
2,626,095
Other creditors
214,746
3,039,814

Directors' loan accounts are unsecured, interest-free and repayable on demand.

AVT & PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 9 -
8
Creditors: amounts falling due after more than one year
2025
£
Bank loans and overdrafts
120,011
Other creditors
64,827
184,838
Creditors which fall due after five years are payable as follows:
Payable other than by instalments
120,011

Creditors of £120,011 are secured on a property included within land and buildings with a book value of £264,216.

9
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100
10
Acquisition

On 28 March 2025 the company acquired the business of AV Tomson & Partners.

Fair Value
£
Property, plant and equipment
3,962,829
Inventories
393,340
Trade and other receivables
173,997
Borrowings
(203,021)
Obligations under finance leases
(158,094)
Trade and other payables
(218,052)
Total identifiable net assets
3,950,999
Goodwill
-
Total consideration
3,950,999
Satisfied by:
£
Issue of shares
3,950,999
11
Related party transactions
Transactions with related parties

During the period the company entered into the following transactions with related parties:

Dividends payable
AVT & PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
11
Related party transactions
(Continued)
- 10 -
2025
£
Entities with control, joint control or significant influence over the company
48,500
12
Parent company

The company is wholly owned by Tomson Holdings Ltd which has a registered office of 4B Church Street, Diss, IP22 4DD.

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