IRIS Accounts Production v24.3.2.46 00531491 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005314912023-04-30005314912024-04-30005314912023-05-012024-04-30005314912022-04-30005314912022-05-012023-04-30005314912023-04-3000531491ns15:EnglandWales2023-05-012024-04-3000531491ns14:PoundSterling2023-05-012024-04-3000531491ns10:Director12023-05-012024-04-3000531491ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3000531491ns10:SmallEntities2023-05-012024-04-3000531491ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3000531491ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3000531491ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3000531491ns10:FullAccounts2023-05-012024-04-300053149112023-05-012024-04-3000531491ns10:OrdinaryShareClass12023-05-012024-04-3000531491ns10:Director22023-05-012024-04-3000531491ns10:CompanySecretary12023-05-012024-04-3000531491ns10:RegisteredOffice2023-05-012024-04-3000531491ns5:CurrentFinancialInstruments2024-04-3000531491ns5:CurrentFinancialInstruments2023-04-3000531491ns5:Non-currentFinancialInstruments2024-04-3000531491ns5:Non-currentFinancialInstruments2023-04-3000531491ns5:ShareCapital2024-04-3000531491ns5:ShareCapital2023-04-3000531491ns5:SharePremium2024-04-3000531491ns5:SharePremium2023-04-3000531491ns5:RetainedEarningsAccumulatedLosses2024-04-3000531491ns5:RetainedEarningsAccumulatedLosses2023-04-3000531491ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3000531491ns5:IntangibleAssetsOtherThanGoodwill2023-04-3000531491ns5:IntangibleAssetsOtherThanGoodwill2024-04-3000531491ns5:IntangibleAssetsOtherThanGoodwill2023-04-3000531491ns5:LandBuildings2023-04-3000531491ns5:PlantMachinery2023-04-3000531491ns5:LandBuildings2023-05-012024-04-3000531491ns5:PlantMachinery2023-05-012024-04-3000531491ns5:LandBuildings2024-04-3000531491ns5:PlantMachinery2024-04-3000531491ns5:LandBuildings2023-04-3000531491ns5:PlantMachinery2023-04-3000531491ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3000531491ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3000531491ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-04-3000531491ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-04-3000531491ns10:OrdinaryShareClass12024-04-3000531491ns10:Director222023-04-3000531491ns10:Director222022-04-3000531491ns10:Director222023-05-012024-04-3000531491ns10:Director222022-05-012023-04-3000531491ns10:Director222024-04-3000531491ns10:Director222023-04-30
REGISTERED NUMBER: 00531491 (England and Wales)















A. E. LENTON (ESTATES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






A. E. LENTON (ESTATES) LIMITED (REGISTERED NUMBER: 00531491)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


A. E. LENTON (ESTATES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: G J Shooter
O J L Shooter





SECRETARY: Mrs M Shooter





REGISTERED OFFICE: Hagnaby Priory
Hagnaby
Spilsby
Lincolnshire
PE23 4BP





REGISTERED NUMBER: 00531491 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT

A. E. LENTON (ESTATES) LIMITED (REGISTERED NUMBER: 00531491)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,259,032 4,339,765
4,259,032 4,339,765

CURRENT ASSETS
Valuation 1,443,697 1,335,393
Debtors 6 201,153 210,381
Cash at bank 23,057 10,121
1,667,907 1,555,895
CREDITORS
Amounts falling due within one year 7 3,170,388 3,461,240
NET CURRENT LIABILITIES (1,502,481 ) (1,905,345 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,756,551 2,434,420

CREDITORS
Amounts falling due after more than one year 8 (25,566 ) (51,133 )

PROVISIONS FOR LIABILITIES (128,113 ) (137,306 )
NET ASSETS 2,602,872 2,245,981

CAPITAL AND RESERVES
Called up share capital 10 17,205 17,205
Share premium 4,472 4,472
Retained earnings 2,581,195 2,224,304
SHAREHOLDERS' FUNDS 2,602,872 2,245,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

A. E. LENTON (ESTATES) LIMITED (REGISTERED NUMBER: 00531491)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 22 January 2025 and were signed on its behalf by:





G J Shooter - Director


A. E. LENTON (ESTATES) LIMITED (REGISTERED NUMBER: 00531491)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

A. E. Lenton (Estates) 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
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. The financial statements have been prepared under the historical cost convention.

At the statement of financial position date the company had net current liabilities of £1,502481 (2023 - £1,905,345). The company has financial support from the fellow group undertakings which at the statement of financial position date amounted to £2,816,041 classified as falling due within one year.

Turnover
Turnover represents invoiced income accrued during the year, excluding value added tax, and is recognised on despatch.

Intangible assets
Intangible assets consist of entitlements to the basic payment scheme. The entitlements are recognised at fair value and written off on a straight line basis over the period to 31 December 2019.

Tangible fixed assets
Fixed assets are valued at cost less depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold land- nil
Freehold property- 4% - 10% on reducing balance
Plant and machinery- 25% on reducing balance and 25% on cost
Motor vehicles- 25% on reducing balance

Stocks and valuation
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.

Tenantright, produce and growing crops are valued consistently with prior years by an independent qualified valuer on a cost of production basis.

Biological assets, living plants are included at the lower of cost and estimated selling price less costs to sell.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 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.

A. E. LENTON (ESTATES) LIMITED (REGISTERED NUMBER: 00531491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

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 the income statement in the period to which they relate.

Basic payment scheme
The basic payment scheme is recognised in the financial statements in accordance with current HM Revenue and Customs guidance.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 178,500
AMORTISATION
At 1 May 2023
and 30 April 2024 178,500
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

A. E. LENTON (ESTATES) LIMITED (REGISTERED NUMBER: 00531491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 4,174,952 2,502,689 6,677,641
Additions - 95,442 95,442
Disposals - (67,923 ) (67,923 )
At 30 April 2024 4,174,952 2,530,208 6,705,160
DEPRECIATION
At 1 May 2023 379,393 1,958,483 2,337,876
Charge for year 10,220 157,893 168,113
Eliminated on disposal - (59,861 ) (59,861 )
At 30 April 2024 389,613 2,056,515 2,446,128
NET BOOK VALUE
At 30 April 2024 3,785,339 473,693 4,259,032
At 30 April 2023 3,795,559 544,206 4,339,765

Included in cost of land and buildings is freehold land of £ 3,579,691 (2023 - £ 3,579,691 ) which is not depreciated.

The net book value of tangible fixed assets includes £ 96,705 (2023 - £ 177,358 ) in respect of assets held under hire purchase contracts.

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 63,246 63,508
Other debtors 90,907 99,873
154,153 163,381

Amounts falling due after more than one year:
Other debtors 47,000 47,000

Aggregate amounts 201,153 210,381

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 25,566 51,566
Amounts owed to group undertakings 2,816,041 3,066,320
Taxation and social security 170,492 166,482
Other creditors 158,289 176,872
3,170,388 3,461,240

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 25,566 51,133

A. E. LENTON (ESTATES) LIMITED (REGISTERED NUMBER: 00531491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 51,132 102,699

Hire purchase contracts are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
17,205 Ordinary £1 17,205 17,205

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
O J L Shooter
Balance outstanding at start of year - -
Amounts advanced (727 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (727 ) -

The loan made to the director is unsecured, interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by A.E. Lenton (Holdings) Limited, a company incorporated and registered in England and Wales. The registered office and principal place of business of A.E. Lenton (Holdings) Limited is:

Church End
Friskney
Boston
Lincolnshire
PE22 8NE