Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 The tax expense for the year comprises current and deferred tax. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.Farming 2024-04-01 false 3 3 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04276603 2024-04-01 2025-03-31 04276603 2023-04-01 2024-03-31 04276603 2025-03-31 04276603 2024-03-31 04276603 c:Director1 2024-04-01 2025-03-31 04276603 c:Director2 2024-04-01 2025-03-31 04276603 c:Director3 2024-04-01 2025-03-31 04276603 c:RegisteredOffice 2024-04-01 2025-03-31 04276603 d:Buildings 2024-04-01 2025-03-31 04276603 d:Buildings 2025-03-31 04276603 d:Buildings 2024-03-31 04276603 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04276603 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 04276603 d:Buildings d:LongLeaseholdAssets 2025-03-31 04276603 d:Buildings d:LongLeaseholdAssets 2024-03-31 04276603 d:PlantMachinery 2024-04-01 2025-03-31 04276603 d:PlantMachinery 2025-03-31 04276603 d:PlantMachinery 2024-03-31 04276603 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04276603 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 04276603 d:OtherPropertyPlantEquipment 2025-03-31 04276603 d:OtherPropertyPlantEquipment 2024-03-31 04276603 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04276603 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04276603 d:CurrentFinancialInstruments 2025-03-31 04276603 d:CurrentFinancialInstruments 2024-03-31 04276603 d:Non-currentFinancialInstruments 2025-03-31 04276603 d:Non-currentFinancialInstruments 2024-03-31 04276603 d:Non-currentFinancialInstruments 1 2025-03-31 04276603 d:Non-currentFinancialInstruments 1 2024-03-31 04276603 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 04276603 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04276603 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 04276603 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04276603 d:ShareCapital 2025-03-31 04276603 d:ShareCapital 2024-03-31 04276603 d:RetainedEarningsAccumulatedLosses 2025-03-31 04276603 d:RetainedEarningsAccumulatedLosses 2024-03-31 04276603 c:OrdinaryShareClass1 2024-04-01 2025-03-31 04276603 c:OrdinaryShareClass1 2025-03-31 04276603 c:PreferenceShareClass1 2024-04-01 2025-03-31 04276603 c:PreferenceShareClass1 2025-03-31 04276603 c:FRS102 2024-04-01 2025-03-31 04276603 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04276603 c:FullAccounts 2024-04-01 2025-03-31 04276603 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04276603 2 2024-04-01 2025-03-31 04276603 6 2024-04-01 2025-03-31 04276603 f:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04276603 EBONY HOLDINGS LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
EBONY HOLDINGS LIMITED COMPANY INFORMATION
Directors | I J Alston
| J T Alston
| Mrs L R Alston
Registered number | 04276603
Registered office | Honingham Thorpe Farms
| Honingham
| Norwich
| Norfolk
| NR9 5BZ
Accountants | MA Partners LLP
| Chartered Accountants
| 7 The Close
| Norwich
| Norfolk
| NR1 4DJ
EBONY HOLDINGS LIMITED CONTENTS
| Page
Accountants' Report | 1
Balance Sheet | 2 - 3
Notes to the Financial Statements | 4 - 10
EBONY HOLDINGS LIMITED CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EBONY HOLDINGS LIMITED FOR THE YEAR ENDED 31 MARCH 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ebony Holdings Limited for the year ended 31 March 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the Board of Directors of Ebony Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 4 August 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Ebony Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Ebony Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ebony Holdings Limited and its Board of Directors, as a body, for our work or for this report. It is your duty to ensure that Ebony Holdings 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 Ebony Holdings Limited. You consider that Ebony Holdings Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Ebony Holdings 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. MA Partners LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ 12 November 2025 Page 1
EBONY HOLDINGS LIMITED REGISTERED NUMBER: 04276603 BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 2,806,230 |  | 2,816,260
Investments |  |  | 50 |  | 50
|  |  | 2,806,280 |  | 2,816,310
Current assets |  |  |  |  |
Stocks |  | 70,015 |  | 82,941 |
Debtors: amounts falling due within one year | 5 | 35,935 |  | 45,639 |
Cash at bank and in hand |  | 4,276 |  | 118,668 |
|  | 110,226 |  | 247,248 |
Creditors: amounts falling due within one year | 6 | (194,999) |  | (357,863) |
Net current liabilities |  |  | (84,773) |  | (110,615)
Total assets less current liabilities |  |  | 2,721,507 |  | 2,705,695
Creditors: amounts falling due after more than one year | 7 |  | (2,400,000) |  | (2,400,000)
Provisions for liabilities |  |  |  |  |
Deferred tax |  |  | (2,188) |  | (2,574)
Net assets |  |  | 319,319 |  | 303,121
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 2 |  | 2
Profit and loss account |  |  | 319,317 |  | 303,119
|  |  | 319,319 |  | 303,121
Page 2
EBONY HOLDINGS LIMITED REGISTERED NUMBER: 04276603 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 November 2025.
J T Alston
Director
The notes on pages 4 to 10 form part of these financial statements. Page 3
EBONY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Ebony Holdings Limited is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office is Honingham Thorpe Farm, Honingham, Norwich, Norfolk, NR9 5BZ. The Company's principal activity is that of farming. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Turnover comprises revenue recognised by the Company in respect of crops sold and rents and arable subsidies received, exclusive of Value Added Tax. Revenue is recognised in the following manner: ∙Crops sold - on physical delivery to the customer; ∙Rent receivable - amounts receivable in the year; and ∙Subsidy income - in the year in which the qualifying conditions entitling payment are met.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Page 4
EBONY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Tangible fixed assets (continued)
Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Buildings & improvements | - | 5% | reducing balance
|  |  |  | Plant & machinery | - | 15% | reducing balance
|  |  |  | Tractors | - | 15% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.6 | Valuation of investments
Investments in unlisted company shares are stated at historic cost less impairment.
| 2.7 | Stocks
Stocks and closing valuation for cultivations (work in progress) are valued at the lower of cost and net realisable value. Costs have been determined from cost of production calculations. Net realisable value represents estimated selling price for produce in store with values reduced in accordance with guidance within H M Revenue & Customs help sheet HS232. Consumable stocks are valued at cost.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.11 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Page 5
EBONY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.11 | Financial instruments (continued)
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets 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 profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Page 6
EBONY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.11 | Financial instruments (continued)
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
| 2.12 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.13 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable. Page 7
EBONY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
4. | Tangible fixed assets
|  | Freehold land | Buildings & improvements | Plant & machinery | Tractors | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 April 2024 | 2,337,655 | 598,428 | 214,398 | 30,053 | 3,180,534
| At 31 March 2025 | 2,337,655 | 598,428 | 214,398 | 30,053 | 3,180,534
| Depreciation |  |  |  |  |
| At 1 April 2024 | - | 130,119 | 214,095 | 20,060 | 364,274
| Charge for the year on owned assets | - | 8,487 | 45 | 1,498 | 10,030
| At 31 March 2025 | - | 138,606 | 214,140 | 21,558 | 374,304
| Net book value |  |  |  |  |
| At 31 March 2025 | 2,337,655 | 459,822 | 258 | 8,495 | 2,806,230
| At 31 March 2024 | 2,337,655 | 468,309 | 303 | 9,993 | 2,816,260
Page 8
EBONY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 20,588 | 31,885
| Other debtors | 8,565 | 9,599
| Prepayments and accrued income | 6,782 | 4,155
|  | 35,935 | 45,639
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 109,105 | 167,771
| Amounts owed to group undertakings | 48,497 | 151,966
| Other taxation and social security | 28,208 | 13,383
| Other creditors | 1,000 | 2,171
| Accruals and deferred income | 8,189 | 22,572
|  | 194,999 | 357,863
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Share capital treated as debt | 2,400,000 | 2,400,000
|  | 2,400,000 | 2,400,000
Page 9
EBONY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Shares classified as equity
|  | Allotted, called up and fully paid |  |
|  | 2 ordinary shares of £1 each | 2 | 2
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Shares classified as debt
|  | Allotted, called up and fully paid |  |
|  | 2,400,000 preference shares of £1 each | 2,400,000 | 2,400,000
9. | Contingent liabilities
The Company is party to a cross guarantee in relation to the bank facilities provided to Alston Farms Ltd, Honingham Farms Ltd, William Young (Dereham) Ltd and Food Enterprise Park Ltd.
10. | Related party transactions
| The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102, not to disclose related party transactions with wholly owned members of the same the group.
Page 10