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REGISTERED NUMBER: 00086011 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ELGOOD & SONS LIMITED

ELGOOD & SONS LIMITED (REGISTERED NUMBER: 00086011)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELGOOD & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: N S Elgood
Mrs B M Sutton
Mrs J A Everall
Mrs A M Elgood



SECRETARY: Mrs J A Everall



REGISTERED OFFICE: North Brink Brewery
Wisbech
Cambridgeshire
PE13 1LN



REGISTERED NUMBER: 00086011 (England and Wales)



ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE



BANKERS: Barclays Bank PLC

ELGOOD & SONS LIMITED (REGISTERED NUMBER: 00086011)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,892,262 3,918,046
Investments 5 168,204 168,204
Investment property 6 1,915,000 2,055,000
5,975,466 6,141,250

CURRENT ASSETS
Stocks 149,448 148,695
Debtors 7 479,703 329,171
Cash at bank and in hand 11,750 9,308
640,901 487,174
CREDITORS
Amounts falling due within one year 8 460,010 546,550
NET CURRENT ASSETS/(LIABILITIES) 180,891 (59,376 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,156,357

6,081,874

CREDITORS
Amounts falling due after more than one
year

9

(1,066,792

)

(1,130,245

)

PROVISIONS FOR LIABILITIES (367,252 ) (341,341 )
NET ASSETS 4,722,313 4,610,288

CAPITAL AND RESERVES
Called up share capital 50,011 50,011
Revaluation reserve 12 1,479,226 1,588,144
Capital redemption reserve 18,705 18,705
Other distributable reserves 3,404,149 3,144,629
Retained earnings (229,778 ) (191,201 )
SHAREHOLDERS' FUNDS 4,722,313 4,610,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ELGOOD & SONS LIMITED (REGISTERED NUMBER: 00086011)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





Mrs B M Sutton - Director


ELGOOD & SONS LIMITED (REGISTERED NUMBER: 00086011)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Elgood & Sons Limited is a private company, limited by shares, registered in England. 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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual 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.

%
Office equipment10straight line
Plant & Machinery10straight line
Computer equipment25straight line
Motor vehicles - other25reducing balance
Motor vehicles - lorries10reducing balance
Cellar equipment10reducing balance

No provision has been made for depreciation of freehold properties. The directors are of the opinion that the recoverable amount of the freehold properties is in excess of the carrying value of that class of assets. This has been clearly demonstrated by the profits on disposal of properties in recent years and an annual impairment review is performed by the directors to ensure no change to this opinion has occurred.

Investment property
Property held in order to earn rentals or for capital appreciation, rather than use in the production or supply of goods or services or for administrative purposes, is classified as an investment property. The Company owns a number of unlicensed properties which are classified as investment property.

Investment property is carried at fair value determined annually by external valuers or based on the opinion of the board of directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

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

ELGOOD & SONS LIMITED (REGISTERED NUMBER: 00086011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102, in full, to all of its financial instruments.

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument, and are offset only when the Company currently has a legally enforceable right to set off the recognised amounts and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 25 ) .

ELGOOD & SONS LIMITED (REGISTERED NUMBER: 00086011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 3,771,864 2,326,466 419,647 148,455 6,666,432
Additions 32,909 3,397 4,123 - 40,429
Disposals (47,896 ) (38 ) - (12,850 ) (60,784 )
At 31 December 2024 3,756,877 2,329,825 423,770 135,605 6,646,077
DEPRECIATION
At 1 January 2024 - 2,291,035 338,957 118,394 2,748,386
Charge for year - 4,497 8,666 4,370 17,533
Eliminated on disposal - (38 ) - (12,066 ) (12,104 )
At 31 December 2024 - 2,295,494 347,623 110,698 2,753,815
NET BOOK VALUE
At 31 December 2024 3,756,877 34,331 76,147 24,907 3,892,262
At 31 December 2023 3,771,864 35,431 80,690 30,061 3,918,046

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2024
and 31 December 2024 168,204
NET BOOK VALUE
At 31 December 2024 168,204
At 31 December 2023 168,204

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Elgood & Sons (Export) Limited
Registered office: North Brink Brewery, Wisbech, Cambridgeshire, PE13 1LN
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.12.24 31.12.23
£    £   
Aggregate capital and reserves 10,532 10,532

ELGOOD & SONS LIMITED (REGISTERED NUMBER: 00086011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. FIXED ASSET INVESTMENTS - continued

Brewery Gardens Limited
Registered office: North Brink Brewery, Wisbech, Cambridgeshire, PE13 1LN
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.12.24 31.12.23
£    £   
Aggregate capital and reserves 163,001 163,001

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 2,055,000
Additions 157
Disposals (140,000 )
Revaluations (157 )
At 31 December 2024 1,915,000
NET BOOK VALUE
At 31 December 2024 1,915,000
At 31 December 2023 2,055,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 1,915,000

7. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 219,923 260,371
Other debtors 207,321 49,648
427,244 310,019

Amounts falling due after more than one year:
Other debtors 52,459 19,152

Aggregate amounts 479,703 329,171

Included within other debtors is an amount of £139,927 which represents the present value of a non interest bearing loan. The terms of this are that it will be interest free for the 18 months from 11 November 2024. The present value has been calculated using 2% above the base rate.

ELGOOD & SONS LIMITED (REGISTERED NUMBER: 00086011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 231,427 288,295
Trade creditors 107,778 176,538
Taxation and social security 41,010 44,193
Other creditors 79,795 37,524
460,010 546,550

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 5,000 15,000
Amounts owed to group undertakings 173,501 173,501
Other creditors 888,291 941,744
1,066,792 1,130,245

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 5,267 1,788
Between one and five years 12,564 5,366
17,831 7,154

11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank overdrafts 221,395 278,242

The bank overdraft is secured on freehold properties.

12. RESERVES
Revaluation
reserve
£   
At 1 January 2024 1,588,144
Movement for the year (108,918 )

At 31 December 2024 1,479,226