Company No: 00671683 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	334,981		362,620
		334,981		362,620
Current assets
Stocks		796,839		551,027
Debtors	4	30,911		89,124
Cash at bank and in hand		4,973		43,939
		832,723		684,090
Creditors: amounts falling due within one year	5	( 273,705)		( 102,886)
Net current assets		559,018		581,204
Total assets less current liabilities		893,999		943,824
Provision for liabilities		( 59,714)		( 72,754)
Net assets		834,285		871,070
Capital and reserves
Called-up share capital	6	1,000		1,000
Profit and loss account	8	833,285		870,070
Total shareholders' funds		834,285		871,070

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 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 A. & M. Procter Limited (registered number: 00671683) were approved and authorised for issue by the Board of Directors on 30 July 2026. They were signed on its behalf by:

Mr A R Procter 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

A. & M. Procter Limited (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 318 Torquay Road, Paignton, TQ3 2DZ, 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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Employee benefits

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

Taxation

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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 reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	15 % reducing balance
Vehicles	15 % reducing balance
Office equipment	15 % reducing balance

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.

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.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

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

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		4

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost/Valuation
At 01 November 2024	331,000		79,592		1,250		479		412,321
Additions	0		5,074		0		601		5,675
Revaluations	( 27,000)		0		0		0		( 27,000)
Disposals	0		0		( 1,250)		0		( 1,250)
At 31 October 2025	304,000		84,666		0		1,080		389,746
Accumulated depreciation
At 01 November 2024	4,800		43,579		1,250		72		49,701
Charge for the financial year	0		6,163		0		151		6,314
Disposals	0		0		( 1,250)		0		( 1,250)
At 31 October 2025	4,800		49,742		0		223		54,765
Net book value
At 31 October 2025	299,200		34,924		0		857		334,981
At 31 October 2024	326,200		36,013		0		407		362,620

4. Debtors

	2025		2024
	£		£
Amounts owed by connected companies	0		72,893
Other debtors	30,911		16,231
	30,911		89,124

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	18,727		21,691
Amounts owed to connected companies	181,613		1,482
Amounts owed to directors	52,044		61,368
Accruals and deferred income	13,549		12,950
Other taxation and social security	4,893		4,259
Other creditors	2,879		1,136
	273,705		102,886

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000

7. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amount owed by the directors	2,973		(970)

At 31 October 2025, an amount of £2,973 (2024: £970 payable) was due from a director. The balance was unsecured, interest-free and repayable on demand. The balance was repaid in full on 24 July 2026.

Other related party transactions

	2025		2024
	£		£
Amounts owed by/(to) connected companies	(181,613)		71,411

8. Reserves

Included within the profit and loss account balance carried forward are non-distributable reserves of £191,372 (2024 - £211,622). These reserves represent the cumulative unrealised revaluation gains on the company's investment properties, net of the provision for deferred taxation thereon.