C.H. Ellis Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00737963 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

C.H. ELLIS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Ellis

D P Ellis

SECRETARY:

C R Ellis

REGISTERED OFFICE:

Church Farm

Litlington

Polegate

East Sussex

BN26 5RA

REGISTERED NUMBER:

00737963 (England and Wales)

ACCOUNTANTS:

Oreka Accounting Limited

3 Juziers Drive

East Hoathly

East Sussex

BN8 6AE

FIXED ASSETS

Tangible assets

4

2,842,266

2,906,845

Investments

5

28,199

23,859

Investment property

6

850,000

750,000

Herd basis

7

130,990

129,575

3,851,455

3,810,279

CURRENT ASSETS

Stocks

8

621,628

512,927

Debtors

9

374,411

396,701

Cash at bank

3,486

11,916

999,525

921,544

CREDITORS

Amounts falling due within one year

10

841,820

1,081,180

NET CURRENT ASSETS/(LIABILITIES)

157,705

(159,636

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,009,160

3,650,643

CREDITORS

Amounts falling due after more than one year

11

2,918,361

2,768,215

NET ASSETS

1,090,799

882,428

CAPITAL AND RESERVES

Called up share capital

14

20,900

Capital redemption reserve

15

100

Fair value reserve

15

598,658

Retained earnings

15

471,141

262,770

SHAREHOLDERS' FUNDS

1,090,799

882,428

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 11 May 2026 and were signed on its behalf by:

D P Ellis - Director

1.	STATUTORY INFORMATION

C.H. Ellis 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 represents revenue, net of VAT, from commercial transactions under which the company supplies customers goods that it is in the business to provide. Revenue is recognised when it obtains, through the performance under contract, the right to consideration for those goods.

Tangible fixed assets

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

Asset class

Depreciation rate

Farmhouse and farm buildings

Nil

Freehold land

Nil

Freehold improvements

10% reducing balance

Grain processing plant/silo

Straight line over 20 years

Borehole

25% reducing balance

Plant and machinery

10-25% reducing balance

Combine harvesters

20% reducing balance

Tractors

25% reducing balance

Motor vehicles

25% reducing balance

Farmhouse and farm buildings are not depreciated, which is a departure from the requirement of the Companies Act concerning the depreciation of fixed assets. The directors consider that systematic annual depreciation would be inappropriate because it is anticipated that residual values will exceed the carrying value of such assets. The adopted accounting policy is therefore necessary for the financial statements to show a true and fair view.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Assets acquired 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 the profit and loss account over the relevant period to which the interest relates. The capital element of 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 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Borehole

£

COST

At 1 October 2024

2,582,433

1,576,690

18,469

Additions

48,615

-

At 30 September 2025

2,631,048

1,576,690

18,469

DEPRECIATION

At 1 October 2024

300,164

1,259,851

17,306

Charge for year

18,998

51,076

291

At 30 September 2025

319,162

1,310,927

17,597

NET BOOK VALUE

At 30 September 2025

2,311,886

265,763

872

At 30 September 2024

2,282,269

316,839

1,163

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 October 2024

783,569

4,499

4,965,660

Additions

25,000

-

73,615

At 30 September 2025

808,569

4,499

5,039,275

DEPRECIATION

At 1 October 2024

478,195

3,299

2,058,815

Charge for year

67,529

300

138,194

At 30 September 2025

545,724

3,599

2,197,009

NET BOOK VALUE

At 30 September 2025

262,845

900

2,842,266

At 30 September 2024

305,374

1,200

2,906,845

Included in cost of land and buildings is freehold land of £ 846,114 (2024 - £ 830,141 ) which is not depreciated.

5.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

Totals

£

COST OR VALUATION

At 1 October 2024

23,839

20

23,859

Revaluations

4,340

-

4,340

At 30 September 2025

28,179

20

28,199

NET BOOK VALUE

At 30 September 2025

28,179

20

28,199

At 30 September 2024

23,839

20

23,859

Cost or valuation at 30 September 2025 is represented by:

Listed

Unlisted

investments

Totals

£

Valuation in 2016

23,857

20

23,877

Valuation in 2017

1,391

-

1,391

Valuation in 2018

3,572

-

3,572

Valuation in 2019

5,620

-

5,620

Valuation in 2020

11,851

-

11,851

Valuation in 2021

19,041

-

19,041

Valuation in 2022

(35,151

)

-

(35,151

)

Valuation in 2023

(5,260

)

-

(5,260

)

Valuation in 2024

(1,082

)

-

(1,082

)

Valuation in 2025

4,340

-

4,340

28,179

20

28,199

If listed investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

476

643

The listed investments were valued on an open market basis basis on 30 September 2025 by the directors .

Unlisted investments are shown at cost and have not been revalued.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

750,000

Revaluations

100,000

At 30 September 2025

850,000

NET BOOK VALUE

At 30 September 2025

850,000

At 30 September 2024

750,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 1977

45,428

Valuation in 2017

704,572

Valuation in 2025

100,000

850,000

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

2025

2024

£

Cost

45,428

The investment properties were valued on a fair value basis on 30 September 2025 by the directors .

7.	HERD BASIS

Cattle

herd

£

COST

At 1 October 2024

and 30 September 2025

130,990

NET BOOK VALUE

At 30 September 2025

130,990

At 30 September 2024

130,990

8.

STOCKS

2025

2024

£

Stocks for re-sale

533,080

393,144

Raw materials

22,823

27,768

Trading livestock

65,725

92,015

621,628

512,927

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

98,456

141,675

Other debtors

187,130

152,316

Tax

19,734

34,144

VAT

11,108

18,487

Prepayments and accrued income

57,983

50,079

374,411

396,701

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 12)

377,292

383,335

Hire purchase contracts

68,245

73,548

Trade creditors

49,108

418,480

Social security and other taxes

8,019

16,530

Other creditors

151,956

32,535

Pension payable

1,140

1,013

Directors' current accounts

140,935

100,935

Accruals and deferred income

45,125

54,804

841,820

1,081,180

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans (see note 12)

2,627,852

2,646,162

Hire purchase contracts

70,509

122,053

Directors' loan accounts

220,000

-

2,918,361

2,768,215

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,515,000

Repayable by instalments

Bank loans more 5 yr by instal

1,033,502

1,057,662

12.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank overdrafts

360,647

367,935

Bank loans

16,645

15,400

377,292

383,335

Amounts falling due between one and two years:

Bank loans - 1-2 years

17,835

16,500

Amounts falling due between two and five years:

Bank loans - 2-5 years

61,515

57,000

2025

2024

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,515,000

Repayable by instalments

Bank loans more 5 yr by instal

1,033,502

1,057,662

13.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank overdrafts

360,647

367,935

Bank loans

2,644,497

2,661,562

Hire purchase contracts

138,754

195,601

3,143,898

3,225,098

Bank borrowings are secured by way of fixed and floating legal charges over all land property and assets of the company.

Hire purchase agreements are secured against the assets to which they relate.

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

5,950

Ordinary A

£1

5,950

10,450

Ordinary B

£1

10,450

4,500

Ordinary C

£1

4,500

20,900

15.

RESERVES

Capital

Fair

Retained

redemption

value

earnings

reserve

Totals

£

At 1 October 2024

262,770

100

598,658

861,528

Profit for the year

208,371

At 30 September 2025

471,141

100

598,658

1,069,899

16.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

C R Ellis

Balance outstanding at start of year

(100,935

)

(93,231

)

Amounts advanced

-

1,296

Amounts repaid

(260,000

)

(9,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(360,935

)

(100,935

)

These loans are interest free and repayable on demand.

17.	RELATED PARTY DISCLOSURES

At the year end the company was owed £38,964 (2024: £65,720) by a business owned by a director.

At the year end the company was owed £148,166 (2024: £79,534) by a business owned by the director.

At the year end the company owed £151,956 (2024: £31,956 was owed by) to the estate of a former director of the company. This loan is interest free and repayable on demand.

During the year the company was charged rent by directors and the estate of a former director totalling £22,000 (2024: £22,000). At the year end the company owed rent of £39,000 (2024: £12,000) to these directors.