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REGISTERED NUMBER: 12202598 (England and Wales)















P.E.D.C LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






P.E.D.C LIMITED (REGISTERED NUMBER: 12202598)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


P.E.D.C LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P E D Cooke
Mrs G F R Vaughan
J E D Cooke





REGISTERED OFFICE: Larkfleet House
Falcon Way
Bourne
Lincolnshire
PE10 0FF





REGISTERED NUMBER: 12202598 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA

P.E.D.C LIMITED (REGISTERED NUMBER: 12202598)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,168,701 3,151,558
Investments 5 510,996 20,020
Investment property 6 325,000 325,000
4,004,697 3,496,578

CURRENT ASSETS
Inventories 624,422 621,135
Debtors 7 609,014 717,193
Cash at bank 389,523 765,732
1,622,959 2,104,060
CREDITORS
Amounts falling due within one year 8 652,653 676,692
NET CURRENT ASSETS 970,306 1,427,368
TOTAL ASSETS LESS CURRENT LIABILITIES 4,975,003 4,923,946

PROVISIONS FOR LIABILITIES 90,572 84,646
NET ASSETS 4,884,431 4,839,300

CAPITAL AND RESERVES
Called up share capital 9 5,591 5,591
Retained earnings 4,878,840 4,833,709
SHAREHOLDERS' FUNDS 4,884,431 4,839,300

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:




P E D Cooke - Director


P.E.D.C LIMITED (REGISTERED NUMBER: 12202598)

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

1. STATUTORY INFORMATION

P.E.D.C 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 as modified by the revaluation of certain assets.

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.

Revenue
Revenue is the total amount receivable by the company for goods supplied and services provided, excluding Value Added Tax and trade discounts.

Crop sales are recognised on despatch from the farm or from external stores to the customer.

Rental income is recognised in the period to which it relates.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance and 10% on reducing balance

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the income statement and the revaluation reserve. No depreciation is provided in respect of investment properties.

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable fair value reserve in order to assist with the identification of profits available for distribution.

Inventories
Inventories have been professionally valued by R Longstaff & Co, Chartered Surveyors, Valuers and Auctioneers at the lower of cost and fair value less costs to sell. In respect of crops in store, a deemed cost has been used for valuation purposes. In the prior period, valuation is based on the lower of cost and fair value less costs to sell as this is readily identifiable in the first period of trade.

P.E.D.C LIMITED (REGISTERED NUMBER: 12202598)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt the FRS102 1A 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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Basic farm payment
The basic farm payment is recognised in the financial statements in accordance with current H M Revenue & Customs guidance.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

Other investments are measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

P.E.D.C LIMITED (REGISTERED NUMBER: 12202598)

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

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 October 2023 3,119,765 819 39,659
Additions - - 11,205
At 30 September 2024 3,119,765 819 50,864
DEPRECIATION
At 1 October 2023 1,818 203 7,599
Charge for year 669 62 6,490
At 30 September 2024 2,487 265 14,089
NET BOOK VALUE
At 30 September 2024 3,117,278 554 36,775
At 30 September 2023 3,117,947 616 32,060

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 - 1,299 3,161,542
Additions 17,795 - 29,000
At 30 September 2024 17,795 1,299 3,190,542
DEPRECIATION
At 1 October 2023 - 364 9,984
Charge for year 4,449 187 11,857
At 30 September 2024 4,449 551 21,841
NET BOOK VALUE
At 30 September 2024 13,346 748 3,168,701
At 30 September 2023 - 935 3,151,558

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 490,996 20
Other loans 20,000 20,000
510,996 20,020

P.E.D.C LIMITED (REGISTERED NUMBER: 12202598)

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

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1 October 2023 20
Additions 489,257
Revaluations 1,719
At 30 September 2024 490,996
NET BOOK VALUE
At 30 September 2024 490,996
At 30 September 2023 20

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2024 1,719
Cost 489,277
490,996
Other
loans
£   
At 1 October 2023
and 30 September 2024 20,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 325,000
NET BOOK VALUE
At 30 September 2024 325,000
At 30 September 2023 325,000

At 30 September 2024, an internal valuation was prepared by the director. The director does not believe there has been a material change in the valuation over the original cost. In determining the valuation the director considered that the yield returned is in line with the average yield for the area taking into account the specification of the properties being let.

P.E.D.C LIMITED (REGISTERED NUMBER: 12202598)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 127,203 189,405
Amounts owed by group undertakings 4,754 -
Other debtors 15,458 461,543
Amounts owed by related
undertakings 414,797 37,470
Prepayments and accrued income 46,802 28,775
609,014 717,193

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 77,808 28,029
Tax 15,681 -
Social security and other taxes 1,172 3,888
Amounts owed to related
undertakings 250,000 318,541
Directors' current accounts 37,359 37,359
Accruals and deferred income 270,633 288,875
652,653 676,692

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,591,454 Ordinary £0.00 1 5,591 5,591

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £414,797 (2023: £37,470) by related undertakings and owed £250,000 (2023: £318,541) to related undertakings in which a director/shareholder has a participating interest.

The loans are interest free and repayable on demand.