Chilton Grain Limited

	Page
Company Information	1
Strategic Report	2
Director's Report	3—4
Independent Auditor's Report	5—6
Profit and Loss Account	7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Notes to the Financial Statements	11—17

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Strategic Report

For The Year Ended 31 December 2024

Strategic Report

The director presents his strategic report for the year ended 31 December 2024.

Principal Activity

The company's principal activity continues to be that of dealing in grain, fertiliser and agricultural products.

Review of the Business

BUSINESS REVIEW

Chilton Grain Limited was established in 1972 and in 2018 became the wholly owned subsidiary of Lily Group Holdings Limited retaining control within the same family.

The results for the year were affected by the backdrop of significant disruption to the global grain market from world events.

As a small agricultural merchant, despite the reduction in profits, the company retains substantial reserves built up to ensure sufficient capacity to meet its obligations. I would also like to thank our farming base for their continued trading support.

The expectation is that current economic and market conditions will remain similar for the foreseeable future.

FINANCIAL KEY PERFORMANCE INDICATORS

The Director views turnover, profit before tax and working capital as the company’s key performance indicators, and these are shown below.

	2024	2023
	£	£
Turnover	10,307,995	15,136,286
Profit before tax	58,698	92,394
Net working capital	2,641,361	2,101,685

Principal Risks and Uncertainties

The company’s activities expose it to the normal financial risks including cash flow, market price, supply and credit risk. In particular the principal risk is the fluctuation in grain prices caused by weather and global market conditions. Where possible the company mitigates this risk by the buying and selling of grain on the futures market.

On behalf of the board

Mr Simon Weir

Director

29th September 2025

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Chilton Grain Limited

Company No. 01049316

Director's Report For The Year Ended 31 December 2024

Director's Report

The director presents his report and the financial statements for the year ended 31 December 2024.

Future Developments

The company has chosen in accordance with Companies Act 2006, s.414C(11) to set out in the company's strategic report information required by Large and Medium - sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be entered in the directors report. It has done so in respect of the review of future developments.

Financial Instruments

Liquidity risk

The company manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the company has adequate liquid resources to to meet the operating needs of the business.

Credit risk

Investments of cash surpluses, borrowings and financial instruments are made through banks and companies which are required to fulfil credit rating criteria approved by the director.

All customers that trade with the company on credit terms, are subject to credit verification procedures. Trade debtors are monitored on an ongoing basis with necessary provision being made for bad and doubtful debts.

Directors

The director who held office during the year was as follows:

Mr Simon Weir

Results and dividends

The results are set out on page 8.

No dividend has been paid in the year. No dividend is recommended.

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the director consider them to be of strategic importance to the business.

Statement of Director's Responsibilities

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Director's Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Chilton Grain Limited

Director's Report (continued)

For The Year Ended 31 December 2024

Independent Auditors

The auditors, GMS FC Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Simon Weir

Director

29th September 2025

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Independent Auditor's Report

to the Members of

Chilton Grain Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Chilton Grain Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

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Independent Auditor's Report (continued)

to the Members of

Chilton Grain Limited

Responsibilities of Directors

As explained more fully in the Director's Responsibilities Statement set out on page 3—4, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanations as to what extent the audit was considered capable of detecting irregularities, incuding fraud -

Key parts of the regulatory framework applicable to the company are the Companies Act 2006 and Financial Reporting Standard 102. The audit team gained an understanding of the legistation.

We gained an understanding of how the company is complying with those frameworks by considering the potential for override of those controls or other innapropriate influence over the financial reporting process, understanding the culture of honesty and ethical behaviour within the organisation, and observing whether a strong emphasis is placed on fraud prevention.

We assessed the susceptability of the company's financial statements to material misstatement , by understanding which areas of the business present potential fraud risk, understanding where these risks could present themselves and subsequently identifying controls in place to prevent or detect and correct them.

Based on the understanding gained, we designed audit procedures to identify non-compliance with laws and regulations. The procedures adopted included direct enquiries with those charged with governance, and specific analysis and testing of transactions and balances. The result of these procedures did not identify any such instance of irregularities or fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorsresponsibilities

This description forms part of our auditors report.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Smith (Senior Statutory Auditor)

for and on behalf of GMS FC Limited , Statutory Auditor

30th September 2025

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Chilton Grain Limited

Profit and Loss Account

For The Year Ended 31 December 2024

Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER	4	10,307,995	15,136,286
Cost of sales		(9,254,180 )	(13,968,096 )

GROSS PROFIT		1,053,815	1,168,190

Distribution costs		(581,600 )	(661,706 )
Administrative expenses		(394,537 )	(422,373 )

OPERATING PROFIT	5	77,678	84,111
Income from other current asset investments		298	300
Other interest receivable and similar income	10	-	14,645
Interest payable and similar charges	11	(19,278 )	(6,662 )

PROFIT BEFORE TAXATION		58,698	92,394
Tax on Profit	12	(15,183 )	(30,648 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		43,515	61,746

The notes on pages 11 to 17 form part of these financial statements.

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Chilton Grain Limited

Statement of Comprehensive Income

For The Year Ended 31 December 2024

Statement of Comprehensive Income

	2024	2023
	£	£
PROFIT FOR THE FINANCIAL YEAR	43,515	61,746
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	43,515	61,746

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Chilton Grain Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	13		62,224		95,554
Investments	14		7,360		6,828

			69,584		102,382
CURRENT ASSETS
Stocks	15	1,133,356		1,103,970
Debtors	16	4,021,196		3,427,746
Cash at bank and in hand		389,998		1,289,738

		5,544,550		5,821,454
Creditors: Amounts Falling Due Within One Year	17	(2,903,189 )		(3,719,769 )

NET CURRENT ASSETS (LIABILITIES)			2,641,361		2,101,685

TOTAL ASSETS LESS CURRENT LIABILITIES			2,710,945		2,204,067

Creditors: Amounts Falling Due After More Than One Year	18		(655,638 )		(183,942 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	20		(15,556 )		(23,889 )

NET ASSETS			2,039,751		1,996,236

CAPITAL AND RESERVES
Called up share capital	22		60,000		60,000
Profit and Loss Account			1,979,751		1,936,236

SHAREHOLDERS' FUNDS			2,039,751		1,996,236

On behalf of the board

Mr Simon Weir

Director

29th September 2025

The notes on pages 11 to 17 form part of these financial statements.

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Chilton Grain Limited

Statement of Changes in Equity

For The Year Ended 31 December 2024

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 January 2023	60,000	1,874,490	1,934,490
Profit for the year and total comprehensive income	-	61,746	61,746

As at 31 December 2023 and 1 January 2024	60,000	1,936,236	1,996,236


Profit for the year and total comprehensive income	-	43,515	43,515

As at 31 December 2024	60,000	1,979,751	2,039,751

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Chilton Grain Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Chilton Grain Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01049316 . The registered office is Great Waldingfield Business Park Tentree Road, Great Waldingfield, Sudbury, Suffolk, CO10 0SD.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44, 11.45, 11.47, 11.48 (a) (iii), 11.48 (a) (iv), 11.48 (b) and 11.48 (c);
the requirements of Section 12 Other Financial Instruments Issues paragraphs 12.27, 12.29 (a), 12.29 (b), 12.29A and 12.30.

3.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	No Depreciation
Plant & Machinery	25% SLM
Fixtures & Fittings	25% SLM

3.5. Investments

Fixed asset investments representing shares in listed companies are initially recognised at cost. Subsequently, investments are measured at fair value at the reporting end date. Changes in fair value are recognised in profit and loss.

3.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Chilton Grain Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

3.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.9. Financial Instruments

Financial assets including cash at bank and in hand and trade and other debtors are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities including trade and other creditors as well as bank overdrafts are initially measured at transaction price (including transaction costs) and are subsequently held at amortised cost. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

3.10. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3.11. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Chilton Grain Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Turnover

Analysis of turnover by class of business is as follows:

	2024	2023
	£	£
Grain merchant business	10,307,995	15,126,286
Property development business	-	10,000

	10,307,995	15,136,286

5. Operating Profit

The operating profit is stated after charging:

	2024	2023
	£	£
Depreciation of tangible fixed assets - owned	36,823	34,071
Depreciation of tangible fixed assets - finance leases and hire purchase contracts	13,817	13,817

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2024	2023
	£	£
Audit Services
Audit of the company's financial statements	6,375	6,000


Other Services
Taxation compliance service	500	500
Other non-audit services	1,000	1,000

	1,500	1,500

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2024	2023
	£	£
Wages and salaries	224,233	102,738
Social security costs	17,782	23,892
Other pension costs	11,171	11,045

	253,186	137,675

8. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2024	2023
Office and administration	1	1
Sales, marketing and distribution	2	2

	3	3

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Chilton Grain Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Director's remuneration

	2024	2023
	£	£
Emoluments	75,000	75,000

10. Interest Receivable and Similar Income

	2024	2023
	£	£
Bank interest receivable	-	14,645
Dividends from current asset investments	298	300

	298	14,945

11. Interest Payable and Similar Charges

	2024	2023
	£	£
Bank loans and overdrafts	19,278	6,651
Other finance charges	-	11

	19,278	6,662

12. Tax on Profit

	Tax Rate		2024	2023
The tax charge on the profit for the year was as follows:
	2024	2023	£	£
Current tax
UK Corporation Tax	24.6%	23.5%	23,516	29,881
Deferred Tax
Deferred taxation			(8,333 )	-
Changes in tax rates			-	7,302
Origination and reversal of timing differences			-	(6,535 )

			(8,333)	767


Total tax charge for the period			15,183	30,648


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2024	2023
			£	£
Profit before tax			58,698	92,394

Tax on profit at 24.6% (UK standard rate)			14,410	21,731
Goodwill/depreciation not allowed for tax			12,432	11,254
Expenses not deductible for tax purposes			1,128	1,481
Capital allowances			(4,250 )	(5,106 )

...CONTINUED

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Chilton Grain Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Short term timing differences	(8,333 )	767
Dividends from companies	(73 )	(70 )
Revenue exempt from taxation	(131 )	591

Total tax charge for the period	15,183	30,648

13. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	290,409
Additions	17,310

As at 31 December 2024	307,719

Depreciation
As at 1 January 2024	194,855
Provided during the period	50,640

As at 31 December 2024	245,495

Net Book Value
As at 31 December 2024	62,224

As at 1 January 2024	95,554

14. Investments

	Listed
	£
Cost or Valuation
As at 1 January 2024	6,828
Fair value adjustments	532

As at 31 December 2024	7,360

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	7,360

As at 1 January 2024	6,828

Fixed asset investments represent the shares of a listed company and are valued initially at cost. Subsequently, shares in listed companies are recognised at fair value at the balance sheet end date.

Fair value adjustments are recognised in profit and loss.

15. Stocks

	2024	2023
	£	£
Property held for sale	899,774	881,116
Grain stock	233,582	222,854

	1,133,356	1,103,970

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Chilton Grain Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

16. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	417,985	680,706
Prepayments and accrued income	880	6,558
Other debtors	1,190,142	419,595
VAT	49,881	40,132
Amounts owed by group undertakings	2,362,308	2,280,755

	4,021,196	3,427,746

17. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	13,727	8,342
Trade creditors	956,655	1,014,390
Bank loans and overdrafts	-	397,013
Corporation tax	23,517	29,881
Other taxes and social security	8,693	6,182
Other creditors	5,902	9,013
Accruals and deferred income	1,543,259	1,826,015
Director's loan account	351,436	428,933

	2,903,189	3,719,769

18. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	14,000
Trade creditors	655,638	169,942

	655,638	183,942

Of the creditors the following amounts are secured.

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	13,727	22,341
Bank loans and overdrafts	-	397,013

19. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	13,727	8,342
Later than one year and not later than five years	-	14,000

	13,727	22,342

	13,727	22,342

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Chilton Grain Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

20. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	15,556	23,889

21. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	23,889	23,889
Deferred taxation	(8,333 )	(8,333 )

Balance at 31 December 2024	15,556	15,556

22. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
60,000 Ordinary Shares of £ 1.000 each	60,000	60,000

23. Pension Commitments

The company operates a defined contribution pension scheme, the assets of which are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the funds and amounted to £11,171 (2023 - £11,045). Contributions payable at the year end amounted to £701 (2023 - £526).

24. Related Party Disclosures

An interest-free loan from a director of £351,436 (2023 - £428,933) is included within other creditors.

Included in other debtors is a loan of £1,121,000 (2023 - £231,000) to a company in which the sole director is a 50% shareholder. The debt is secured by way of legal charge on the debtor company property. The charge was satisfied on 12 May 2025.

25. Controlling Parties

The company's immediate parent undertaking is Lily Group Holdings Limited .

The ultimate parent undertaking is Lily Group Holdings Limited (incorporated in England & Wales). Its registered office is Great Waldingfield Business Park, Tentree Road, Great Waldingfield, Sudbury, Suffolk, CO10 0SD .

Copies of the group accounts may be obtained from the company's registered office.

The company's ultimate controlling party is Mr Simon Weir by virtue of his interest in the share capital of the company.

Page 17

Director	Mr Simon Weir

Company Number	01049316

Registered Office	Great Waldingfield Business Park Tentree Road
	Great Waldingfield
	Sudbury
	Suffolk
	CO10 0SD

Accountants	GMS FC Limited
	Chartered Certified Accountants
	1 London Road
	Ipswich
	Suffolk
	IP1 2HA