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Registration number: 01173126

George Williamson & Co. Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

George Williamson & Co. Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

George Williamson & Co. Limited

Company Information

Directors | Mr Edward Charles Magor Mr Philip Magor ACA Mrs Alexa Catherine Magor Mrs Antonia Grace Henley

Company secretary | Mr Philip Magor ACA

Registered office | The Old Vicarage Shepton Montague Wincanton Somerset BA9 8JE

George Williamson & Co. Limited

(Registration number: 01173126)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Investments | 4 | 832,340 | 560,991
Other financial assets | 5 | 223,556 | 155,301
|  | 1,055,896 | 716,292
Current assets |  |  |
Debtors | 6 | 79,798 | 895,350
Cash at bank and in hand |  | 545,135 | 1,814,278
|  | 624,933 | 2,709,628
Creditors: Amounts falling due within one year | 7 | (70,388) | (96,855)
Net current assets |  | 554,545 | 2,612,773
Net assets |  | 1,610,441 | 3,329,065
Capital and reserves |  |  |
Called up share capital | 9 | 19,000 | 19,000
Capital redemption reserve |  | 31,000 | 31,000
Retained earnings |  | 1,560,441 | 3,279,065
Shareholders' funds |  | 1,610,441 | 3,329,065

For the financial year ending 31 March 2026 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 Profit and Loss Account.

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

Mr Philip Magor ACA Company secretary and director |  |

George Williamson & Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

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

The address of its registered office is:
The Old Vicarage
Shepton Montague
Wincanton
Somerset
BA9 8JE
England

These financial statements were authorised for issue by the Board on 1 July 2026.

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 were 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other taxes. The following criteria must also be met before revenue is recognised:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

George Williamson & Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises 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 balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares are measured at the lower of cost and net realisable value. Investments in equity shares that are publicly traded are also reported on the same basis, which departs from FRS102 Section 11.14 (d), in order to record investments on a consistent basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

George Williamson & Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2025 - 5).

4 | Investments

| 2026 £ | 2025 £
Investments in subsidiaries | 832,340 | 560,991

George Williamson & Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Subsidiaries | £
Cost or valuation
At 1 April 2025 | 560,991
Additions | 271,350
Disposals | (1)
At 31 March 2026 | 832,340
Provision
Carrying amount
At 31 March 2026 | 832,340
At 31 March 2025 | 560,991

George Williamson & Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
At 1 April 2025 | 205,706 | 205,706
Additions | 232,000 | 232,000
Disposals | (205,706) | (205,706)
At 31 March 2026 | 232,000 | 232,000
Impairment
At 1 April 2025 | 50,405 | 50,405
Losses made in the period | 8,444 | 8,444
Reversal of losses | (50,405) | (50,405)
At 31 March 2026 | 8,444 | 8,444
Carrying amount
At 31 March 2026 | 223,556 | 223,556

6 | Debtors

| Note | 2026 £ | 2025 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 11 | 1,589 | 41,983
Prepayments and accrued income |  | 75,239 | 212,702
Other debtors |  | 2,970 | 640,665
|  | 79,798 | 895,350

George Williamson & Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Trade creditors |  | 896 | 20,056
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 11 | 1 | -
Taxation and social security |  | 15,085 | 34,608
Accruals and deferred income |  | 48,145 | 39,562
Other creditors |  | 6,261 | 2,629
|  | 70,388 | 96,855

8 | Deferred taxation

| 2026 £ | 2025 £
At beginning of year | - | 36,984
Charged to profit of loss | - | (36,984)
At end of year | - | -

9 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Class 1 ordinary shares of £1 each | 19,000 | 19,000 | 19,000 | 19,000

George Williamson & Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

10 | Dividends

Interim dividends paid

|  | 2026 £ |  | 2025 £
Interim dividend of £76.316 (2025 - £3.684) per each Ordinary Shares |  | 1,450,000 |  | 70,000

11 | Related party transactions

Transactions with directors

2026 | At 1 April 2025 £ | Advances to director £ | Repayments by director £ | At 31 March 2026 £
Mr Philip Magor ACA
Directors Loan account | 640,665 | 481,290 | (1,121,955) | -

2025 | At 1 April 2024 £ | Advances to director £ | At 31 March 2025 £
Mr Philip Magor ACA
Directors Loan account | (6,402) | 647,067 | 640,665

Other transactions with directors

An amount of £Nil (2025: £640,665) was owed by a Director to the Company at the year end. Interest of £3,230 (2025: £Nil) has been charged on this loan that was repayable on demand.

Summary of transactions with other related parties

Loans due from group companies of £1,589 (2025: £41,983) are interest free and repayable on demand.
Loans due to group companies of £1 (2025: £nil) are interest free and repayable on demand.

12 | Parent and ultimate parent undertaking

The company's immediate parent is Williamson Tea Limited (formerly known as Ngong Tea Limited), incorporated in England and Wales.