Thos.agnew & Sons,limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00267436 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Thos.agnew & Sons,limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J H J Phipson

DA Secretarial Limited

A Crichton-Stuart

REGISTERED OFFICE:

C/O Dragon Argent Limited

3 More London Riverside

London

SE1 2RE

REGISTERED NUMBER:

00267436 (England and Wales)

ACCOUNTANTS:

Dragon Argent Limited

C/O Dragon Argent Limited

3 More London Riverside

London

SE1 2RE

FIXED ASSETS

Tangible assets

4

1,132

1,688

Investments

5

400,000

401,132

401,688

CURRENT ASSETS

Stocks

8,987,500

11,367,585

Debtors

6

8,883,328

6,766,689

Cash at bank

1,391,719

912,354

19,262,547

19,046,628

CREDITORS

Amounts falling due within one year

7

3,452,506

2,085,354

NET CURRENT ASSETS

15,810,041

16,961,274

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,211,173

17,362,962

CREDITORS

Amounts falling due after more than one
year

8

10,540,838

11,626,052

NET ASSETS

5,670,335

5,736,910

CAPITAL AND RESERVES

Called up share capital

45,020

Revaluation reserve

9

408,000

Capital redemption reserve

104,981

Retained earnings

5,112,334

5,178,909

5,670,335

5,736,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2026 and were signed on its behalf by:

J H J Phipson - Director

1.	STATUTORY INFORMATION

Thos.agnew & Sons,limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Going concern

The financial statements have been prepared on the going concern basis which, inter alia, is based on the directors’ reasonable expectation that the company has adequate resources to continue to operate as a going concern for at least twelve months from the date of their approval. In making the assessment of the appropriateness of this basis, the directors have considered the trading of the company since the year end and the facilities that are either committed to the company for a period of at least twelve months from the date of approval of the financial statements or which they consider will probably be available to the company during such period. After careful consideration, the directors consider that they have reasonable grounds to believe that the company can be regarded as a going concern and, for this reason, they continue to

adopt the going concern basis in preparing the company’s financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery - over 5 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Shares in fine art

Where the company acts as the principal in a transcation but only acquires a part share in fine art, the company's share of the sale and profit is recognised in the statement of comprehensive income with the gross amounts of the respective debtors and creditors being included in the statement of financial position. Where the company acts in a joint venture, but is not the principal, only the company's share of the transaction is included in the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 July 2024

978,861

50,194

1,029,055

Additions

-

514

At 30 June 2025

978,861

50,708

1,029,569

DEPRECIATION

At 1 July 2024

978,861

48,506

1,027,367

Charge for year

-

1,070

At 30 June 2025

978,861

49,576

1,028,437

NET BOOK VALUE

At 30 June 2025

-

1,132

At 30 June 2024

-

1,688

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2024

and 30 June 2025

400,000

NET BOOK VALUE

At 30 June 2025

400,000

At 30 June 2024

400,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade debtors

1,049,109

54,757

Other debtors

6,910,630

5,619,724

Loans

803,813

1,061,336

Directors' loan accounts

43,382

1,417

VAT

14,373

5,097

Prepayments

62,021

24,358

8,883,328

6,766,689

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade creditors

430,654

509,463

Social security and other taxes

34,869

6,374

Pension payable

404

79

Other creditors

1,454,122

-

Amounts owed to group

undertaking

1,565,273

1,569,438

Accruals and deferred income

(32,816

)

-

3,452,506

2,085,354

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.6.25

30.6.24

£

Other creditors

10,540,838

11,626,052

9.

RESERVES

Revaluation

reserve

£

At 1 July 2024

and 30 June 2025

408,000

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, £6,282,726 (2024: £5,589,971) was due from Companies with James Phipson as a common director and £1,565,273 (2024: £1,569,438) was owed to Companies with James Phipson as a common director.