IRIS Accounts Production v25.3.0.601 04517085 Board of Directors 1.8.24 31.7.25 31.7.25 false true false false true false 'A' ordinary shares 10.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04517085 2024-07-31 04517085 2025-07-31 04517085 2024-08-01 2025-07-31 04517085 2023-07-31 04517085 2023-08-01 2024-07-31 04517085 2024-07-31 04517085 ns15:EnglandWales 2024-08-01 2025-07-31 04517085 ns14:PoundSterling 2024-08-01 2025-07-31 04517085 ns10:Director1 2024-08-01 2025-07-31 04517085 ns10:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 04517085 ns10:SmallEntities 2024-08-01 2025-07-31 04517085 ns10:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 04517085 ns10:SmallCompaniesRegimeForDirectorsReport 2024-08-01 2025-07-31 04517085 ns10:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 04517085 ns10:FullAccounts 2024-08-01 2025-07-31 04517085 ns10:OrdinaryShareClass1 2024-08-01 2025-07-31 04517085 ns10:Director2 2024-08-01 2025-07-31 04517085 ns10:Director3 2024-08-01 2025-07-31 04517085 ns10:Director4 2024-08-01 2025-07-31 04517085 ns10:Director6 2024-08-01 2025-07-31 04517085 ns10:Director7 2024-08-01 2025-07-31 04517085 ns10:Director8 2024-08-01 2025-07-31 04517085 ns10:RegisteredOffice 2024-08-01 2025-07-31 04517085 ns5:CurrentFinancialInstruments 2025-07-31 04517085 ns5:CurrentFinancialInstruments 2024-07-31 04517085 ns5:ShareCapital 2025-07-31 04517085 ns5:ShareCapital 2024-07-31 04517085 ns5:CapitalRedemptionReserve 2025-07-31 04517085 ns5:CapitalRedemptionReserve 2024-07-31 04517085 ns5:RetainedEarningsAccumulatedLosses 2025-07-31 04517085 ns5:RetainedEarningsAccumulatedLosses 2024-07-31 04517085 ns5:LeaseholdImprovements 2024-07-31 04517085 ns5:PlantMachinery 2024-07-31 04517085 ns5:LeaseholdImprovements 2024-08-01 2025-07-31 04517085 ns5:PlantMachinery 2024-08-01 2025-07-31 04517085 ns5:LeaseholdImprovements 2025-07-31 04517085 ns5:PlantMachinery 2025-07-31 04517085 ns5:LeaseholdImprovements 2024-07-31 04517085 ns5:PlantMachinery 2024-07-31 04517085 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-07-31 04517085 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-07-31 04517085 ns5:WithinOneYear 2025-07-31 04517085 ns5:WithinOneYear 2024-07-31 04517085 ns5:BetweenOneFiveYears 2025-07-31 04517085 ns5:BetweenOneFiveYears 2024-07-31 04517085 ns5:AllPeriods 2025-07-31 04517085 ns5:AllPeriods 2024-07-31 04517085 ns10:OrdinaryShareClass1 2025-07-31 04517085 ns5:RetainedEarningsAccumulatedLosses 2024-07-31 04517085 ns5:CapitalRedemptionReserve 2024-07-31 04517085 ns5:RetainedEarningsAccumulatedLosses 2024-08-01 2025-07-31

REGISTERED NUMBER: 04517085 (England and Wales)

| NENE POTATOES LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JULY 2025 |

NENE POTATOES LIMITED (REGISTERED NUMBER: 04517085)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |  | to |  | 5

NENE POTATOES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | M A Taylor

| J L Symington

| J P F Perowne

| S C T Brown

| N E Harrold

| C D Kisby

| R M F Golland

| REGISTERED OFFICE: | C/O Duncan & Toplis

| Enterprise Way

| Pinchbeck

| Spalding

| Lincolnshire

| PE11 3YR

| REGISTERED NUMBER: | 04517085 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| Enterprise Way

| Pinchbeck

| Spalding

| Lincolnshire

| PE11 3YR

NENE POTATOES LIMITED (REGISTERED NUMBER: 04517085)

STATEMENT OF FINANCIAL POSITION

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 61,671 |  | 63,679 |  |

CURRENT ASSETS

Debtors | 5 | 1,006,129 |  | 1,463,227 |  |

Cash at bank | 580,403 |  | 159,947 |  |

1,586,532 |  | 1,623,174 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,096,018 |  | 1,010,860 |  |

NET CURRENT ASSETS | 490,514 |  | 612,314 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 552,185 |  | 675,993 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 290 |  | 290 |  |

Capital redemption reserve | 9 | 475 |  | 475 |  |

Retained earnings | 9 | 551,420 |  | 675,228 |  |

SHAREHOLDERS' FUNDS | 552,185 |  | 675,993 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2025 and were signed on its behalf by:

M A Taylor - Director

NENE POTATOES LIMITED (REGISTERED NUMBER: 04517085)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Nene Potatoes 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 company's place of business is Winters Lane, Sutton Crosses, Long Sutton, Spalding, Lincolnshire, PE12 9BE.

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.

| Turnover

| Turnover represents the charges levied upon members and the net invoiced sales of produce on behalf of non-members, excluding value added tax. Charges are recognised for the period to which they relate and sales of produce are recognised upon despatch from the supplier.

| Tangible fixed assets

| Fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses.

| Depreciation is provided on all tangible assets at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life, as follows:-

| Tenancy improvements |  | 10%, 20% and 50% straight-line |  |

| Plant and machinery |  | 10%, 20%, 25% and 33% straight-line |  |

| Financial instruments

| The company has chosen to adopt the FRS 102A 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.

| Operating lease agreements

| 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.

| Throughput

| Throughput represents amounts received and receivable for produce supplied to customers during the year on behalf of members and non-members.

| The throughput of the company during the year was 75,094 (2024: 71,236) tonnes valued at £19,516,863 (2024: £29,140,726).

NENE POTATOES LIMITED (REGISTERED NUMBER: 04517085)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 5 ) .

4. | TANGIBLE FIXED ASSETS

| Tenant's |  | Plant and |

| improvements |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 August 2024 | 142,133 |  | 36,104 |  | 178,237 |  |

| Additions | - |  | 535 |  | 535 |  |

| Disposals | - |  | (1,607 | ) | (1,607 | ) |

| At 31 July 2025 | 142,133 |  | 35,032 |  | 177,165 |  |

| DEPRECIATION

| At 1 August 2024 | 78,792 |  | 35,766 |  | 114,558 |  |

| Charge for year | 2,320 |  | 223 |  | 2,543 |  |

| Eliminated on disposal | - |  | (1,607 | ) | (1,607 | ) |

| At 31 July 2025 | 81,112 |  | 34,382 |  | 115,494 |  |

| NET BOOK VALUE

| At 31 July 2025 | 61,021 |  | 650 |  | 61,671 |  |

| At 31 July 2024 | 63,341 |  | 338 |  | 63,679 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 991,593 |  | 1,459,476 |  |

| Other debtors | 14,536 |  | 3,751 |  |

1,006,129 |  | 1,463,227 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 770,147 |  | 807,667 |  |

| Taxation and social security | 26,362 |  | 23,663 |  |

| Other creditors | 299,509 |  | 179,530 |  |

1,096,018 |  | 1,010,860 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 10,245 |  | 17,557 |  |

| Between one and five years | 15,004 |  | 28,563 |  |

25,249 |  | 46,120 |  |

NENE POTATOES LIMITED (REGISTERED NUMBER: 04517085)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 29 | 'A' ordinary shares | £10 | 290 |  | 290 |  |

| The 'A' shares carry voting rights and rights to a dividend if declared. The amount of the dividend will be proportionate to the amount of business that the shareholder has generated from the Company since payment of the last dividend.

| 'A' shares shall only be transferred by approval of the board of directors.

9. | RESERVES

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 August 2024 | 675,228 |  | 475 |  | 675,703 |  |

| Profit for the year | 146,387 |  | - |  | 146,387 |  |

| Distributions | (270,195 | ) | - |  | (270,195 | ) |

| At 31 July 2025 | 551,420 |  | 475 |  | 551,895 |  |

10. | RELATED PARTY DISCLOSURES

| The company has widespread ownership of shares, with no single party having overall control of the entity.

| No director had a beneficial interest in any contract with the company during the year, except for transactions entered into under the ordinary course of business between the company and its members.

| The following directors were also directors of businesses to which the company supplied services or purchased from:

| Director |  | Name of Director's Business |  |

| J L Symington |  | L Symington (Farms) Limited |  |

| J Perowne |  | Jack Buck Farms Limited |  |

| Loveden Estates Limited |  |

| N E Harrold |  | E.F. Harrold Limited |  |

| C D Kisby |  | E.W. Kisby and Sons Limited |  |

| R M F Golland |  | P.N. Watts |  |

| The total services supplied to these businesses during the year amounted to £255,941 (2024 - £195,114). At the year end the company was owed a net amount of £192 (2024 - £Nil). All these transactions were carried out on normal commercial terms.

11. | ULTIMATE CONTROLLING PARTY

| The company has 26 shareholders. Consequently no individual or party has overall control of the company.