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REGISTERED NUMBER: 00600529 (England and Wales)












E A DRING (FARMS) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






E A DRING (FARMS) LTD (REGISTERED NUMBER: 00600529)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


E A DRING (FARMS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mrs J A Scott
N J D Scott
Mrs P C Rymer
Mrs A G Sinclair
Mrs L E Scott





SECRETARY: Mrs J A Scott





REGISTERED OFFICE: Pelhams Land Farm
Holland Fen
Chapel Hill
Lincoln
Lincolnshire
LN4 4QG





REGISTERED NUMBER: 00600529 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Boston)
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

E A DRING (FARMS) LTD (REGISTERED NUMBER: 00600529)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 5,329,151 5,357,212
Investments 4 42,460 42,435
5,371,611 5,399,647

CURRENT ASSETS
Stocks 5 850,631 929,785
Debtors 6 82,255 81,196
Cash at bank 54,238 99,281
987,124 1,110,262
CREDITORS
Amounts falling due within one year 7 467,138 860,671
NET CURRENT ASSETS 519,986 249,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,891,597

5,649,238

CREDITORS
Amounts falling due after more than one
year

8

(110,023

)

(150,193

)

PROVISIONS FOR LIABILITIES (300,823 ) (307,466 )
NET ASSETS 5,480,751 5,191,579

CAPITAL AND RESERVES
Called up share capital 30,100 30,100
Retained earnings 5,450,651 5,161,479
SHAREHOLDERS' FUNDS 5,480,751 5,191,579

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

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

E A DRING (FARMS) LTD (REGISTERED NUMBER: 00600529)

BALANCE SHEET - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:





N J D Scott - Director


E A DRING (FARMS) LTD (REGISTERED NUMBER: 00600529)

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


1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

E A DRING (FARMS) LTD (REGISTERED NUMBER: 00600529)

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


3. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 December 2023 4,118,567 600,435 1,387,155
Additions - - 64,000
Disposals - - (1 )
At 30 November 2024 4,118,567 600,435 1,451,154
DEPRECIATION
At 1 December 2023 - 315,482 443,530
Charge for year - 26,895 81,254
Eliminated on disposal - - (1 )
At 30 November 2024 - 342,377 524,783
NET BOOK VALUE
At 30 November 2024 4,118,567 258,058 926,371
At 30 November 2023 4,118,567 284,953 943,625

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 77,844 5,087 6,189,088
Additions 19,913 - 83,913
Disposals (22,735 ) - (22,736 )
At 30 November 2024 75,022 5,087 6,250,265
DEPRECIATION
At 1 December 2023 67,779 5,085 831,876
Charge for year 3,560 - 111,709
Eliminated on disposal (22,470 ) - (22,471 )
At 30 November 2024 48,869 5,085 921,114
NET BOOK VALUE
At 30 November 2024 26,153 2 5,329,151
At 30 November 2023 10,065 2 5,357,212

E A DRING (FARMS) LTD (REGISTERED NUMBER: 00600529)

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


3. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2023 81,000
Transfer to ownership (81,000 )
At 30 November 2024 -
DEPRECIATION
At 1 December 2023 5,400
Transfer to ownership (5,400 )
At 30 November 2024 -
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 75,600

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2023 42,435
Additions 25
At 30 November 2024 42,460
NET BOOK VALUE
At 30 November 2024 42,460
At 30 November 2023 42,435

5. STOCKS
2024 2023
£    £   
Tenantright 119,565 107,384
Produce 572,923 670,470
Consumable stores 158,143 151,931
850,631 929,785

E A DRING (FARMS) LTD (REGISTERED NUMBER: 00600529)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,687 2,500
Other debtors 30,568 78,696
82,255 81,196

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 41,903 70,585
Hire purchase contracts - 18,667
Trade creditors 253,084 434,099
Taxation and social security 115,908 149,154
Other creditors 56,243 188,166
467,138 860,671

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 110,023 150,193

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 151,926 220,778

The bank overdraft and loans are secured by a legal charge over some of the company's freehold land.