Company registration number 03024824 (England and Wales)
CLOPTON ESTATE LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2025
Pages For Filing With Registrar
Clopton Estate Limited
CLOPTON ESTATE LIMITED
Contents
Page
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
Clopton Estate Limited
CLOPTON ESTATE LIMITED
Accountants' Report To The Board Of Directors On The Preparation Of The Unaudited Statutory Financial Statements Of Clopton Estate Limited For The Year Ended 30 April 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clopton Estate Limited for the year ended 30 April 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 b oard of d irectors of Clopton Estate Limited, as a body, in accordance with the terms of our engagement letter dated 6 September 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Clopton Estate Limited and state those matters that we have agreed to state to the b oard of d irectors of Clopton Estate Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clopton Estate Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Clopton Estate 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 Clopton Estate Limited. You consider that Clopton Estate 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 Clopton Estate 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 f inancial statements.

Chavereys Limited
Chartered Accountants
The Goods Shed
Jubilee Way
Faversham
Kent
ME13 8GD
England
15 January 2026
Clopton Estate Limited
CLOPTON ESTATE LIMITED
Balance Sheet
As At 30 April 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,784,388
2,880,057
Investment property
4
2,421,736
2,409,081
Investments
5
2,362,702
4,051,921
7,568,826
9,341,059
Current assets
Stocks
6
1,114,807
976,037
Debtors
7
1,172,722
1,162,328
Cash at bank and in hand
311,265
556,139
2,598,794
2,694,504
Creditors: amounts falling due within one year
8
(3,793,620)
(3,609,649)
Net current liabilities
(1,194,826)
(915,145)
Total assets less current liabilities
6,374,000
8,425,914
Creditors: amounts falling due after more than one year
9
(2,555,174)
(316,675)
Provisions for liabilities
(101,605)
(124,270)
Net assets
3,717,221
7,984,969
Capital and reserves
Called up share capital
14,505
22,105
Capital redemption reserve
(9,921,488)
(5,001,528)
Profit and loss reserves
13,624,204
12,964,392
Total equity
3,717,221
7,984,969
Clopton Estate Limited
CLOPTON ESTATE LIMITED
Balance Sheet (Continued)
As At 30 April 2025
- 3 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 January 2026 and are signed on its behalf by:
Mr EM Hollingsworth
Director
Company registration number 03024824 (England and Wales)
Clopton Estate Limited
CLOPTON ESTATE LIMITED
Notes To The Financial Statements
For The Year Ended 30 April 2025
- 4 -
1
Accounting policies
Company information

Clopton Estate Limited is a private company limited by shares incorporated in England and Wales. The registered office is Clopton Hall, Wickhambrook, Newmarket, Suffolk, England, CB8 8PQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Buildings
0% - 10% straight line
Plant and machinery
15% - 25% reducing balance

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Clopton Estate Limited
CLOPTON ESTATE LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 April 2025
1
Accounting policies
(Continued)
- 5 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Clopton Estate Limited
CLOPTON ESTATE LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 April 2025
1
Accounting policies
(Continued)
- 6 -
1.9
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 May 2024
3,412,774
942,034
4,354,808
Additions
-
0
1,398
1,398
At 30 April 2025
3,412,774
943,432
4,356,206
Depreciation and impairment
At 1 May 2024
1,029,792
444,959
1,474,751
Depreciation charged in the year
5,011
92,056
97,067
At 30 April 2025
1,034,803
537,015
1,571,818
Carrying amount
At 30 April 2025
2,377,971
406,417
2,784,388
At 30 April 2024
2,382,982
497,075
2,880,057
4
Investment property
2025
£
Fair value
At 1 May 2024
2,409,081
Additions
12,655
At 30 April 2025
2,421,736
Clopton Estate Limited
CLOPTON ESTATE LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 April 2025
- 7 -
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
2,121,041
2,121,041
Other investments other than loans
241,661
1,930,880
2,362,702
4,051,921
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 May 2024
2,121,041
1,930,880
4,051,921
Additions
-
237,026
237,026
Valuation changes
-
(130,675)
(130,675)
Disposals
-
(1,795,570)
(1,795,570)
At 30 April 2025
2,121,041
241,661
2,362,702
Carrying amount
At 30 April 2025
2,121,041
241,661
2,362,702
At 30 April 2024
2,121,041
1,930,880
4,051,921
6
Stocks
2025
2024
£
£
Growing crop
570,320
543,500
Crop in store
486,427
360,576
Consumables
58,060
71,961
1,114,807
976,037
Biological assets included within stock are as follows:
Biological assets - growing crop
2025
2024
£
£
As at 1 May
543,500
562,402
Net movement on cultivations
26,820
(18,902)
As at 30 April
570,320
543,500
Clopton Estate Limited
CLOPTON ESTATE LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 April 2025
- 8 -
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
111,451
97,239
Amounts owed by group undertakings
408,286
421,609
Other debtors
407,359
423,028
Prepayments and accrued income
245,626
220,452
1,172,722
1,162,328
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
75,078
65,859
Amounts owed to group undertakings
3,402,796
3,402,796
Corporation tax
236,796
2,926
Government grants
2,501
2,943
Other creditors
28,883
40,393
Accruals and deferred income
47,566
94,732
3,793,620
3,609,649
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,541,000
300,000
Other creditors
14,174
16,675
2,555,174
316,675

Bank loans are secured against freehold land and property owned by the company.

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