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REGISTERED NUMBER: 06998532











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GARDEN OF ELVEDEN LIMITED

GARDEN OF ELVEDEN LIMITED (REGISTERED NUMBER: 06998532)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GARDEN OF ELVEDEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J B Allpress
R J Archer
N A Beeton
J K Buckle
C J Compson





REGISTERED OFFICE: The Estate Office
Elveden
Thetford
Norfolk
IP24 3TQ





REGISTERED NUMBER: 06998532





AUDITORS: Thompson Taraz Rand Audit and Assurance Limited
Statutory Auditors
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

GARDEN OF ELVEDEN LIMITED (REGISTERED NUMBER: 06998532)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 503 1,271

CURRENT ASSETS
Stocks 341,471 249,068
Debtors 6 1,927,110 2,047,966
Cash at bank and in hand 7 4,138,511 2,538,786
6,407,092 4,835,820
CREDITORS
Amounts falling due within one year 8 (4,099,586 ) (3,048,306 )
NET CURRENT ASSETS 2,307,506 1,787,514
TOTAL ASSETS LESS CURRENT LIABILITIES 2,308,009 1,788,785

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,307,909 1,788,685
SHAREHOLDERS' FUNDS 2,308,009 1,788,785

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:




N A Beeton - Director



R J Archer - Director


GARDEN OF ELVEDEN LIMITED (REGISTERED NUMBER: 06998532)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Garden of Elveden Limited is a private company, limited by shares , registered in Not specified/Other. 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
Doubtful debts:
When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing of the debtor and historical experience regarding payment history.The board of directors then uses judgement to consider and establish if the recognition of a doubtful debt provision is warranted.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must be met before revenue is recognised:

Sale of goods

Revenue from the sale of potatoes is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold.

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 etc - 33.33% on cost

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

GARDEN OF ELVEDEN LIMITED (REGISTERED NUMBER: 06998532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets or financial liabilities or equity instruments.

Basic financial assets:
Basic financial assets which include assets and such as debtors, 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 constitute a financing transaction, where the transaction is measured at the present value of future receipts are discounted at a market rate of interest. Assets receivable within one year are not discounted.

Basic financial liabilities:
Basic financial liabilities. including creditors, bank loans, are initially measured at transaction price net of transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not discounted.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 12,912
DEPRECIATION
At 1 January 2023 11,641
Charge for year 768
At 31 December 2023 12,409
NET BOOK VALUE
At 31 December 2023 503
At 31 December 2022 1,271

GARDEN OF ELVEDEN LIMITED (REGISTERED NUMBER: 06998532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,810,079 1,726,346
Other debtors 117,031 321,620
1,927,110 2,047,966

7. CASH AT BANK AND IN HAND
2023 2022
£    £   
Business current account 1,899,835 2,525,463
Euro account 12,814 12,814
Deposit account 2,225,353 -
Cash in hand 509 509
4,138,511 2,538,786

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,168,917 1,363,051
Amounts owed to associates 1,459,225 756,056
Taxation and social security 406,902 229,948
Other creditors 64,542 699,251
4,099,586 3,048,306

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A Shares 1.00 50 50
50 Oridnary B Shares 1 50 50
100 100

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Rand (Senior Statutory Auditor)
for and on behalf of Thompson Taraz Rand Audit and Assurance Limited

11. RELATED PARTY DISCLOSURES

During the year the company made sales to a company with a participating interest of £504,957((£464,950). The company also made purchases of £12,004,603 (£10,605,314).The balance outstanding at the balance sheet date and included within amounts owed to associated undertakings within creditors amounts to £1,459,225 (2022: £756,056). This balance bears no interest and is repayable on demand.