Registration number: 07186549

J E Cottingham Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

J E Cottingham Limited

(Registration number: 07186549)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	3,425,563	3,524,747
Investments		112	112
		3,425,675	3,524,859
Current assets
Stocks	6	481,113	439,693
Debtors	7	883,333	739,997
		1,364,446	1,179,690
Creditors: Amounts falling due within one year	8	(1,242,434)	(766,422)
Net current assets		122,012	413,268
Total assets less current liabilities		3,547,687	3,938,127
Creditors: Amounts falling due after more than one year	8	(828,027)	(1,111,061)
Provisions for liabilities		(420,829)	(409,392)
Net assets		2,298,831	2,417,674
Capital and reserves
Called up share capital		100	100
Retained earnings		2,298,731	2,417,574
Shareholders' funds		2,298,831	2,417,674

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 December 2025 and signed on its behalf by:
 

......................................... JE Cottingham Director

J E Cottingham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Low Farm
Garton on the Wolds
Driffield
Yorkshire
YO25 9LR

These financial statements were authorised for issue by the Board on 18 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared for the individual entity, presented in Pound Sterling and rounded to the nearest pound

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

J E Cottingham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Buildings	10% straight line basis
Tractors and combines	20% straight line basis
Other implements	10 - 20% straight line basis
Fixtures and fittings	20 - 33% straight line basis
Motor vehicles	25% straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Entitlements	20% straight line basis

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

The basis of valuation is as follows;

Raw materials and consumables are stated at the lower of cost or net realiseable value.

Produce on hand is valued at 75% of selling price.

Tenantright is calculated by a combination of actual costs incurred and standard costs.

Standard costing used are based upon calculations provided by the Central Association of Agricultural Valuers.

The basis of the valuation is consistent with previous years

J E Cottingham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 9 (2024 - 7).

J E Cottingham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	154,000	154,000
At 31 March 2025	154,000	154,000
Amortisation
At 1 April 2024	154,000	154,000
At 31 March 2025	154,000	154,000
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	1,858,881	2,830,426	41,194	4,730,501
Additions	-	386,251	-	386,251
Disposals	-	-	(14,500)	(14,500)
At 31 March 2025	1,858,881	3,216,677	26,694	5,102,252
Depreciation
At 1 April 2024	12,456	1,166,097	27,201	1,205,754
Charge for the year	9,982	461,463	3,719	475,164
Eliminated on disposal	-	-	(4,229)	(4,229)
At 31 March 2025	22,438	1,627,560	26,691	1,676,689
Carrying amount
At 31 March 2025	1,836,443	1,589,117	3	3,425,563
At 31 March 2024	1,846,425	1,664,329	13,993	3,524,747

Included within the net book value of land and buildings above is £1,836,443 (2024 - £1,846,425) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	481,113	439,693

J E Cottingham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	284,615	88,536
Prepayments	8,513	20,376
Other debtors	590,205	631,085
	883,333	739,997

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	636,309	545,496
Trade creditors		522,872	161,449
Taxation and social security		69,844	19,252
Accruals and deferred income		13,065	12,330
Other creditors		344	27,895
		1,242,434	766,422

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £239,495 (2024 - £241,035).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	828,027	1,111,061

	2025 £	2024 £
Due after more than five years
	-	-

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £366,064 (2024 - £510,110).

J E Cottingham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Loans and borrowings

	2025 £	2024 £
Non-current loans and borrowings
Bank borrowings	229,894	245,110
Other borrowings	598,133	865,951
	828,027	1,111,061

	2025 £	2024 £
Current loans and borrowings
Bank borrowings	18,251	18,250
Bank overdrafts	290,150	165,831
Other borrowings	327,908	361,415
	636,309	545,496