REGISTERED NUMBER: 05867693 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ELVEDEN PRODUCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J B Allpress

A I Blenkiron

REGISTERED OFFICE:

Estate Office

Elveden

Thetford

Norfolk

IP24 3TQ

REGISTERED NUMBER:

05867693 (England and Wales)

AUDITORS:

TC Group

Accountants &

Statutory Auditors

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

FIXED ASSETS

Tangible assets

5

69,018

88,414

Investments

6

50

50

69,068

88,464

CURRENT ASSETS

Stocks

25,780

14,831

Debtors

7

1,153,867

1,299,108

Cash and cash equivalents

225,793

429,639

1,405,440

1,743,578

CREDITORS

Amounts falling due within one year

8

(1,326,362

)

(1,613,822

)

NET CURRENT ASSETS

79,078

129,756

TOTAL ASSETS LESS CURRENT LIABILITIES

148,146

218,220

CREDITORS

Amounts falling due after more than one year

9

(49,388

)

(67,533

)

NET ASSETS

98,758

150,687

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

98,658

150,587

SHAREHOLDERS' FUNDS

98,758

150,687

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2026 and were signed on its behalf by:

J B Allpress - Director

1.	STATUTORY INFORMATION

Elveden Produce 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

Doubtful debts:

When assessing impairment of trade debtors, management considers factors including the current credit worthiness of the debtor, the ageing profile of the debt and historical experience regarding payment history.The board of directors then uses judgement to consider and establish if the recognition of a doubtful debt provision is warranted.

Turnover

Revenue represents the fair value of consideration received or receivable for the sale of onions, net of discounts, rebates and value added tax.

Revenue from the sale of onions is recognised when control of the produce has passed to the customer, which is typically when the customer has accepted the onions based on their quality and weight in accordance with the agreed terms of sale, and when:

the amount of revenue can be measured reliably;

(i) it is probable that the economic benefits will flow to the Company; and

(ii) the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Judgement is applied in determining the timing of transfer of control and in estimating any variable consideration, including rebates where applicable.

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.

Plant and machinery etc

-

33.33% on cost

Stocks

Stocks comprise produce held for resale and are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes the purchase price of produce and directly attributable grading and transportation costs incurred in bringing the stock to its present location and condition. Cost is determined on a first-in, first-out basis, which management considers appropriate given the perishable nature of the produce and the expected physical flow of stock.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets or financial liabilities or equity instruments.

Basic financial assets:

Basic financial assets which include assets and such as debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of future receipts are discounted at a market rate of interest. Assets receivable within one year are not discounted.

Basic financial liabilities:

Basic financial liabilities. including creditors, bank loans, are initially measured at transaction price net of transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not discounted.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

Going concern

In assessing the company’s ability to continue as a going concern, the Directors have considered the liquidity position and reviewed cash flow forecasts for the foreseeable future. The company has adequate financial resources and as a consequence, the members believe that the company is well placed to manage its business risks successfully and meet its liabilities as they fall due. For this reason, the Directors continue to adopt the going concern basis in preparing the accounts.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

101,344

DEPRECIATION

At 1 January 2025

12,930

Charge for year

19,396

At 31 December 2025

32,326

NET BOOK VALUE

At 31 December 2025

69,018

At 31 December 2024

88,414

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

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

101,344

DEPRECIATION

At 1 January 2025

12,930

Charge for year

19,396

At 31 December 2025

32,326

NET BOOK VALUE

At 31 December 2025

69,018

At 31 December 2024

88,414

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2025

and 31 December 2025

50

NET BOOK VALUE

At 31 December 2025

50

At 31 December 2024

50

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,129,022

1,270,127

Other debtors

24,845

28,981

1,153,867

1,299,108

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

18,145

17,496

Trade creditors

289,637

431,671

Amounts owed to associates

597,762

1,056,919

Taxation and social security

86,908

97,661

Other creditors

333,910

10,075

1,326,362

1,613,822

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

49,388

67,533

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

67,533

85,029

Liabilities acquired under hire purchase agreements are secured against the asset to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Rand BA FCA (Senior Statutory Auditor)

for and on behalf of TC Group

13.	RELATED PARTY DISCLOSURES

During the year under review the company made purchases of £5,779,673 (2024 : £7,230,072) from Elveden Farms Limited, its associated undertaking and sales of £796 (20214 : £Nil). The amount outstanding at the balance sheet date amounts to £597,762, (2024: £1,056,919) and is disclosed within amounts owed to associated undertakings within creditors due in less than one year.