REGISTERED NUMBER: 00983390 (England and Wales)

EDWIN E. HARE & CO. (SEEDS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

Accountants' Report

7

DIRECTORS:

A D Hare

Mrs N J Hyde

Mrs A L Hare

REGISTERED OFFICE:

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

BUSINESS ADDRESS:

76 Station Road

Ruskington

Sleaford

Lincolnshire

NG34 9BZ

REGISTERED NUMBER:

00983390 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Tangible assets

4

957,313

995,719

Investment property

5

1,020,462

600,000

1,977,775

1,595,719

CURRENT ASSETS

Stocks

248,187

248,187

Debtors

6

329,989

307,152

Cash at bank

56,140

145,113

634,316

700,452

CREDITORS

Amounts falling due within one year

7

530,969

209,672

NET CURRENT ASSETS

103,347

490,780

TOTAL ASSETS LESS CURRENT LIABILITIES

2,081,122

2,086,499

CREDITORS

Amounts falling due after more than one year

8

(159,887

)

(186,229

)

PROVISIONS FOR LIABILITIES

(4,026

)

(4,280

)

NET ASSETS

1,917,209

1,895,990

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

1,917,109

1,895,890

SHAREHOLDERS' FUNDS

1,917,209

1,895,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 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 6 November 2025 and were signed on its behalf by:

A D Hare - Director

1.	STATUTORY INFORMATION

Edwin E. Hare & Co. (Seeds) 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

5% on cost

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

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 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

1,222,975

200,172

1,423,147

Disposals

-

(40,507

)

(40,507

)

At 30 June 2025

1,222,975

159,665

1,382,640

DEPRECIATION

At 1 July 2024

273,146

154,282

427,428

Charge for year

8,522

4,567

13,089

Eliminated on disposal

-

(15,190

)

(15,190

)

At 30 June 2025

281,668

143,659

425,327

NET BOOK VALUE

At 30 June 2025

941,307

16,006

957,313

At 30 June 2024

949,829

45,890

995,719

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

600,000

Additions

420,462

At 30 June 2025

1,020,462

NET BOOK VALUE

At 30 June 2025

1,020,462

At 30 June 2024

600,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2019

157,054

Cost

863,408

1,020,462

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

863,408

442,946

Investment property was valued on an open market basis on 30 June 2019 by the directors .

The value of the investment property has not moved materially between the valuation date and the financial reporting date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

957

9,746

Loan to Banovallum Properties Ltd

261,428

279,320

Other debtors

67,604

18,086

329,989

307,152

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

25,935

24,607

Trade creditors

2,500

2,250

Taxation and social security

26,220

18,434

Other creditors

476,314

164,381

530,969

209,672

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

159,887

186,229

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loan over 5 years

80,362

103,003

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

185,822

210,836

The bank loans and overdraft are secured by legal charges for £526,662 in favour of Barclays Bank Plc dated 30 July 2008 and 28 May 2010 over freehold property known as 76 Station Road, Ruskington. There is also a debenture dated 7 April 2008 in favour of Barclays Bank Plc incorporating a mortgage over all land and a fixed and floating charge over all assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Within reserves there are non-distributable reserves of £157,054 (2024: £149,835) in relation to property revaluations and £18,000 (2024: £18,000) in relation to capital reserves.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed £468,470 to the directors (2024 : £156,222) The balances outstanding are unsecured, interest free and repayable on demand.

13.	RELATED PARTY DISCLOSURES

At the balance sheet date, an interest free loan of £261,428 was owed from Banovallum Properties Limited, an associated company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Edwin E. Hare & Co. (Seeds) Limited for the year ended 30 June 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Edwin E. Hare & Co. (Seeds) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Edwin E. Hare & Co. (Seeds) Limited and state those matters that we have agreed to state to the Board of Directors of Edwin E. Hare & Co. (Seeds) Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Edwin E. Hare & Co. (Seeds) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Edwin E. Hare & Co. (Seeds) Limited. You consider that Edwin E. Hare & Co. (Seeds) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Edwin E. Hare & Co. (Seeds) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

28 October 2025