REGISTERED NUMBER: 00248625 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025

FOR

TAYLOR & SONS (GROWERS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R D A Taylor

Mrs B A Taylor

C R Taylor

O T Taylor

SECRETARY:

Mrs B A Taylor

REGISTERED OFFICE:

Cromwell House Farm

Cromwell

Newark

Nottinghamshire

NG23 6JE

REGISTERED NUMBER:

00248625 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Tangible assets

4

7,686,298

5,840,555

Investment property

5

365,000

300,000

8,051,298

6,140,555

CURRENT ASSETS

Stocks

6

203,952

218,725

Debtors

7

92,432

41,779

Cash at bank

-

326,850

296,384

587,354

CREDITORS

Amounts falling due within one year

8

107,181

135,703

NET CURRENT ASSETS

189,203

451,651

TOTAL ASSETS LESS CURRENT LIABILITIES

8,240,501

6,592,206

CREDITORS

Amounts falling due after more than one year

9

(33,000

)

(66,000

)

PROVISIONS FOR LIABILITIES

11

(763,934

)

(273,228

)

NET ASSETS

7,443,567

6,252,978

CAPITAL AND RESERVES

Called up share capital

12

6,002

6,002

Revaluation reserve

13

5,113,675

3,903,820

Retained earnings

13

2,323,890

2,343,156

SHAREHOLDERS' FUNDS

7,443,567

6,252,978

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 16th January 2026 and were signed on its behalf by:

R D A Taylor - Director

Mrs B A Taylor - Director

1.	STATUTORY INFORMATION

Taylor & Sons (Growers) 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.

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 sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

not provided

Implements and equipment

-

15% on reducing balance

Office furniture and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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 valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Office

Implements

furniture

Land and

and

and

buildings

equipment

fittings

£

£

£

COST OR VALUATION

At 1st May 2024

5,498,551

903,573

791

Additions

204,027

-

-

Revaluations

1,691,449

-

-

At 30th April 2025

7,394,027

903,573

791

DEPRECIATION

At 1st May 2024

-

561,789

712

Charge for year

-

49,690

8

At 30th April 2025

-

611,479

720

NET BOOK VALUE

At 30th April 2025

7,394,027

292,094

71

At 30th April 2024

5,498,551

341,784

79

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1st May 2024

11,944

2,513

6,417,372

Additions

-

-

204,027

Revaluations

-

-

1,691,449

At 30th April 2025

11,944

2,513

8,312,848

DEPRECIATION

At 1st May 2024

11,803

2,513

576,817

Charge for year

35

-

49,733

At 30th April 2025

11,838

2,513

626,550

NET BOOK VALUE

At 30th April 2025

106

-

7,686,298

At 30th April 2024

141

-

5,840,555

Cost or valuation at 30th April 2025 is represented by:

Office

Implements

furniture

Land and

and

and

buildings

equipment

fittings

£

£

£

Valuation in 2017

4,204,747

-

-

Valuation in 2019

(63,802

)

-

-

Valuation in 2025

1,691,448

-

-

Cost

1,561,634

903,573

791

7,394,027

903,573

791

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2017

-

-

4,204,747

Valuation in 2019

-

-

(63,802

)

Valuation in 2025

-

-

1,691,448

Cost

11,944

2,513

2,480,455

11,944

2,513

8,312,848

If land and buildings had not been revalued they would have been included at the following historical cost:

30/4/25

30/4/24

£

£

Cost

1,561,634

1,357,607

Land and buildings were valued on an open market basis on 19th November 2025 by R. Longstaff & Co .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Implements

and

equipment

£

COST OR VALUATION

At 1st May 2024

and 30th April 2025

205,000

DEPRECIATION

At 1st May 2024

64,294

Charge for year

21,106

At 30th April 2025

85,400

NET BOOK VALUE

At 30th April 2025

119,600

At 30th April 2024

140,706

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2024

300,000

Revaluations

65,000

At 30th April 2025

365,000

NET BOOK VALUE

At 30th April 2025

365,000

At 30th April 2024

300,000

Fair value at 30th April 2025 is represented by:

£

Valuation in 1991

78,008

Valuation in 1998

10,000

Valuation in 2000

20,000

Valuation in 2003

10,000

Valuation in 2004

95,815

Valuation in 2010

10,000

Valuation in 2015

40,000

Valuation in 2025

65,000

Cost

36,177

365,000

If the investment properties had not been revalued they would have been included at the following historical cost:

30/4/25

30/4/24

£

£

Cost

36,177

36,177

The investment properties were valued on an open market basis on 9th December 2025 by Richard Watkinson & Partners .

6.

STOCKS

30/4/25

30/4/24

£

£

Stocks

203,952

218,726

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade debtors

74,633

27,700

VAT

7,994

9,148

Prepayments

9,805

4,931

92,432

41,779

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Bank loans and overdrafts

22,315

-

Hire purchase contracts

33,000

33,000

Trade creditors

13,189

68,335

Social security and other taxes

2,962

-

Directors' current accounts

18,191

17,608

Accrued expenses

17,524

16,760

107,181

135,703

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/25

30/4/24

£

£

Hire purchase contracts

33,000

66,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

30/4/25

30/4/24

£

£

Bank overdraft

22,315

-

Hire purchase contracts

66,000

99,000

88,315

99,000

11.	PROVISIONS FOR LIABILITIES

30/4/25

30/4/24

£

£

Deferred tax

763,934

273,228

Deferred

tax

£

Balance at 1st May 2024

273,228

On revaluation of Land and

Buildings

481,593

On revaluation of Investment

Property

21,646

Capital allowances

(12,533

)

Balance at 30th April 2025

763,934

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/25

30/4/24

value:

£

£

6,000

Ordinary

£1

6,000

6,000

2

Ordinary "B"

£1

2

2

6,002

6,002

13.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1st May 2024

2,343,156

3,903,820

6,246,976

Deficit for the year

(18,266

)

-

(18,266

)

Dividends

(1,000

)

-

(1,000

)

Surplus on revaluation of investment property

-

1,691,448

1,691,448

Deferred tax on revaluation of land and buildings

-

(481,593

)

(481,593

)

At 30th April 2025

2,323,890

5,113,675

7,437,565