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REGISTERED NUMBER: 00473649 (England and Wales)















A.E. LENTON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






A.E. LENTON LIMITED (REGISTERED NUMBER: 00473649)






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 9


A.E. LENTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: G J Shooter
M T L Burnett
O J L Shooter





SECRETARY: Mrs M Shooter





REGISTERED OFFICE: Church End
Friskney
Boston
Lincolnshire
PE22 8NE





REGISTERED NUMBER: 00473649 (England and Wales)





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

A.E. LENTON LIMITED (REGISTERED NUMBER: 00473649)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,466,502 5,549,456
Investments 6 54,276 48,086
5,520,778 5,597,542

CURRENT ASSETS
Valuation 792,895 501,141
Debtors 7 5,210,604 5,367,570
Cash at bank and in hand 18,484 66,749
6,021,983 5,935,460
CREDITORS
Amounts falling due within one year 8 2,509,593 2,625,922
NET CURRENT ASSETS 3,512,390 3,309,538
TOTAL ASSETS LESS CURRENT LIABILITIES 9,033,168 8,907,080

CREDITORS
Amounts falling due after more than one year 9 (700,000 ) (983,202 )

PROVISIONS FOR LIABILITIES (172,907 ) (188,081 )
NET ASSETS 8,160,261 7,735,797

CAPITAL AND RESERVES
Called up share capital 11 5,000 5,000
Share premium 3,608 3,608
Retained earnings 8,151,653 7,727,189
SHAREHOLDERS' FUNDS 8,160,261 7,735,797

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 LIMITED (REGISTERED NUMBER: 00473649)

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 LIMITED (REGISTERED NUMBER: 00473649)

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

1. STATUTORY INFORMATION

A.E. Lenton 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.

Preparation of consolidated financial statements
The financial statements contain information about A.E. Lenton Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents invoiced income accrued during the year, excluding value added tax, and is recognised upon 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- 10% - 15% on reducing balance
Long leasehold- 10% on reducing balance
Plant and machinery ,etc.- 25% on reducing balance
Pig breeding herd- not provided

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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.

A.E. LENTON LIMITED (REGISTERED NUMBER: 00473649)

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

2. ACCOUNTING POLICIES - continued

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.

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.

Investments
Fixed asset investments are stated at cost, unless in the opinion of the directors, there has been an impairment, in which case an appropriate adjustment has been made.

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

A.E. LENTON LIMITED (REGISTERED NUMBER: 00473649)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 120,190
AMORTISATION
At 1 May 2023
and 30 April 2024 120,190
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 5,336,514 2,795,970 8,132,484
Additions - 149,888 149,888
Disposals - (97,157 ) (97,157 )
At 30 April 2024 5,336,514 2,848,701 8,185,215
DEPRECIATION
At 1 May 2023 532,944 2,050,084 2,583,028
Charge for year 3,227 222,026 225,253
Eliminated on disposal - (89,568 ) (89,568 )
At 30 April 2024 536,171 2,182,542 2,718,713
NET BOOK VALUE
At 30 April 2024 4,800,343 666,159 5,466,502
At 30 April 2023 4,803,570 745,886 5,549,456

Included in cost of land and buildings is freehold land of £ 4,747,851 (2023 - £ 4,747,851 ) which is not depreciated.

The net book value of tangible fixed assets includes £ 331,616 (2023 - £ 387,405 ) in respect of assets held under hire purchase contracts.

A.E. LENTON LIMITED (REGISTERED NUMBER: 00473649)

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

6. FIXED ASSET INVESTMENTS
Shares in Interest
group in Other
undertakings associate investments Totals
£    £    £    £   
COST
At 1 May 2023 29,998 100 17,988 48,086
Additions - - 6,190 6,190
At 30 April 2024 29,998 100 24,178 54,276
NET BOOK VALUE
At 30 April 2024 29,998 100 24,178 54,276
At 30 April 2023 29,998 100 17,988 48,086

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 125,080 373,993
Amounts owed by group undertakings 4,165,244 4,659,377
Other debtors 920,280 334,200
5,210,604 5,367,570

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
AMC loans 5,439 12,558
Hire purchase contracts 104,475 87,475
Trade creditors 1,250,353 1,005,574
Amounts owed to group undertakings 852,144 1,223,163
Taxation and social security 161,628 47,295
Other creditors 135,554 249,857
2,509,593 2,625,922

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
AMC loans 700,000 863,086
Hire purchase contracts - 120,116
700,000 983,202

Amounts falling due in more than five years:

Repayable otherwise than by instalments
AMC loans 700,000 700,000

Repayable by instalments
AMC loans - 130,390

A.E. LENTON LIMITED (REGISTERED NUMBER: 00473649)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
AMC loans 705,439 875,644
Hire purchase contracts 104,475 207,591
809,914 1,083,235

Loans from Agricultural Mortgage Corporation plc (AMC) are secured by a legal charge over specific freehold property and assets.

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £1 5,000 5,000

12. CONTINGENT LIABILITIES

The company has guaranteed the borrowing of a group undertaking which amounted to £979,968 (2023 - £1,335,207) and the company's assets are subject to a mortgage in favour of the lender.

13. CAPITAL COMMITMENTS

At the year end date the company had total commitments of £nil. (2023- £65,600).

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
O J L Shooter
Balance outstanding at start of year 5,249 6,212
Amounts advanced - 254
Amounts repaid (5,249 ) (1,217 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,249

G J Shooter
Balance outstanding at start of year - 112
Amounts repaid - (112 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loans made to directors are unsecured, interest free and repayable on demand.

A.E. LENTON LIMITED (REGISTERED NUMBER: 00473649)

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

15. 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