The Callaly Estates Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00359724 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

The Callaly Estates Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A S R Bateson

REGISTERED OFFICE:

Callaly Stables

Whittingham

Alnwick

Northumberland

NE66 4TA

REGISTERED NUMBER:

00359724 (England and Wales)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Property, plant and equipment

4

15,354,654

15,265,143

Investments

5

1,682,493

1,594,835

Investment property

6

14,972,254

32,009,401

31,832,232

CURRENT ASSETS

Inventories

646,023

405,752

Debtors

7

247,521

240,552

Cash at bank

-

196,538

893,544

842,842

CREDITORS

Amounts falling due within one year

8

444,211

266,185

NET CURRENT ASSETS

449,333

576,657

TOTAL ASSETS LESS CURRENT
LIABILITIES

32,458,734

32,408,889

CREDITORS

Amounts falling due after more than one
year

9

(1,973,695

)

(1,865,595

)

PROVISIONS FOR LIABILITIES

(7,118,650

)

(7,241,650

)

NET ASSETS

23,366,389

23,301,644

CAPITAL AND RESERVES

Called up share capital

32,503

Revaluation reserve

11

20,674,951

Capital redemption reserve

32,500

Other reserves

172,883

Retained earnings

2,453,552

2,388,807

23,366,389

23,301,644

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 April 2026 and were signed by:

A S R Bateson - Director

1.	STATUTORY INFORMATION

The Callaly Estates Company 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements have been fully amortised in the current year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold buildings

-

Straight line over 25 years

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

Straight line over 10 years

Motor vehicles

-

25% on reducing balance

Tractors

-

15% on reducing balance

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

Inventories 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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

buildings

property

machinery

£

COST OR VALUATION

At 1 November 2024

13,583,096

314,356

1,385,967

Additions

-

77,964

Disposals

-

At 31 October 2025

13,583,096

314,356

1,463,931

DEPRECIATION

At 1 November 2024

-

31,436

472,453

Charge for year

-

31,435

143,069

Eliminated on disposal

-

At 31 October 2025

-

62,871

615,522

NET BOOK VALUE

At 31 October 2025

13,583,096

251,485

848,409

At 31 October 2024

13,583,096

282,920

913,514

Fixtures

and

Motor

fittings

vehicles

Tractors

Totals

£

COST OR VALUATION

At 1 November 2024

8,550

164,973

613,927

16,070,869

Additions

-

551,119

629,083

Disposals

-

(474,100

)

(474,100

)

At 31 October 2025

8,550

164,973

690,946

16,225,852

DEPRECIATION

At 1 November 2024

8,550

84,917

208,370

805,726

Charge for year

-

20,014

80,716

275,234

Eliminated on disposal

-

(209,762

)

(209,762

)

At 31 October 2025

8,550

104,931

79,324

871,198

NET BOOK VALUE

At 31 October 2025

-

60,042

611,622

15,354,654

At 31 October 2024

-

80,056

405,557

15,265,143

Cost or valuation at 31 October 2025 is represented by:

Improvements

Freehold

to

Plant and

buildings

property

machinery

£

Valuation in 2022

13,112,772

-

Cost

470,324

314,356

1,463,931

13,583,096

314,356

1,463,931

Fixtures

and

Motor

fittings

vehicles

Tractors

Totals

£

Valuation in 2022

-

13,112,772

Cost

8,550

164,973

690,946

3,113,080

8,550

164,973

690,946

16,225,852

The fair value of the freehold buildings is based on the valuations undertaken by Savills PLC in April 2022.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 November 2024

1,594,835

Additions

926,934

Disposals

(839,276

)

At 31 October 2025

1,682,493

NET BOOK VALUE

At 31 October 2025

1,682,493

At 31 October 2024

1,594,835

Cost or valuation at 31 October 2025 is represented by:

Other

investments

£

Valuation in 2023

18,992

Cost

1,663,501

1,682,493

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

14,972,254

NET BOOK VALUE

At 31 October 2025

14,972,254

At 31 October 2024

14,972,254

The fair value of the investment property is based on the valuations undertaken by Savills PLC in April 2022.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

Trade debtors

7,722

28,520

Other debtors

13,942

14,392

Directors' current accounts

-

84,702

Tax

(26,728

)

-

VAT

68,679

70,575

Prepayments

183,906

42,363

247,521

240,552

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

Bank loans and overdrafts

172,835

-

Hire purchase contracts

116,787

131,855

Trade creditors

93,834

52,022

Tax

-

47,381

Social security and other taxes

4,952

4,665

Directors' current accounts

18,499

-

Deferred income

6,351

5,169

Accrued expenses

30,953

25,093

444,211

266,185

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/10/25

31/10/24

£

Bank loans

1,800,000

Hire purchase contracts

173,695

65,595

1,973,695

1,865,595

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/10/25

31/10/24

£

Bank loans

1,800,000

The bank loan is secured by a fixed and floating charge over the assets of the company.

11.

RESERVES

Revaluation

reserve

£

At 1 November 2024

and 31 October 2025

20,674,951