REGISTERED NUMBER: 06998532 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2025 TO 27 DECEMBER 2025

FOR

GARDEN OF ELVEDEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J B Allpress

R J Archer

N A Beeton

A I Blenkiron

REGISTERED OFFICE:

The Estate Office

Elveden

Thetford

Norfolk

IP24 3TQ

REGISTERED NUMBER:

06998532 (England and Wales)

AUDITORS:

TC Group, Statutory Auditors

First Floor Office

5-7 Portugal Place

Cambridge

CB5 8AF

FIXED ASSETS

Tangible assets

5

4,377

-

CURRENT ASSETS

Stocks

338,816

290,760

Debtors

6

2,595,480

2,413,762

Cash and cash equivalents

7

1,849,826

1,715,673

4,784,122

4,420,195

CREDITORS

Amounts falling due within one year

8

(2,401,857

)

(2,864,744

)

NET CURRENT ASSETS

2,382,265

1,555,451

TOTAL ASSETS LESS CURRENT LIABILITIES

2,386,642

1,555,451

PROVISIONS FOR LIABILITIES

9

(1,231

)

-

NET ASSETS

2,385,411

1,555,451

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

2,385,311

1,555,351

SHAREHOLDERS' FUNDS

2,385,411

1,555,451

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:

N A Beeton - Director

R J Archer - Director

1.	STATUTORY INFORMATION

Garden of Elveden 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

The company prepares its accounts on a 52 week basis each year. In accordance with Section 390 of the Companies Act 2006, the financial statements for the year ended 31 December 2025 have been prepared to 27 December 2025, being within seven days of the accounting reference date.

Going concern

The financial statements have been prepared on a going concern basis. The directors have assessed the Company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements. In making this assessment, the directors have considered the Company's profitability, its working capital position and cash resources at the reporting date, together with other information available up to the date of approval. The directors consider that the use of the going concern basis of accounting is appropriate.

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.

Valuation of stock:

Management uses judgement in assessing whether stock is stated at the lower of cost and net realisable value, taking into account the condition, age and expected selling price of the stock held at the reporting data.

Turnover

Revenue from the sale of potatoes and seed potatoes is recognised when the company has transferred the significant risks and rewards of ownership to the buyer, retains neither a continuing managerial involvement nor effective control over the goods sold, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company, and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Plant and machinery etc

-

33.33% on cost

Stocks

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

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, including trade and other debtors, cash at bank and in hand, are initially recognised at transaction price, including transaction costs, and are subsequently measured at amortised cost using the effective interest rate method, unless the arrangement constitutes a financing transaction, the asset is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets receivable within one year are not discounted.

Basic financial liabilities:

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, net of transaction costs and are subsequently measured at amortised cost using the effective interest rate method, unless the arrangement constitutes a financing transaction, the liability is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities payable within one year are not discounted.

Taxation

Taxation for the period 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 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 period 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2024 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

12,912

Additions

4,924

At 27 December 2025

17,836

DEPRECIATION

At 1 January 2025

12,912

Charge for period

547

At 27 December 2025

13,459

NET BOOK VALUE

At 27 December 2025

4,377

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,194,993

2,316,075

Other debtors

400,487

97,687

2,595,480

2,413,762

7.	CASH AND CASH EQUIVALENTS

2025

2024

£

£

Business current account

456,076

1,363,677

Euro account

12,814

12,814

Deposit account

1,380,427

338,673

Cash in hand

509

509

1,849,826

1,715,673

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,494,872

1,773,107

Amounts owed to associates

393,733

670,101

Taxation and social security

398,641

300,264

Other creditors

114,611

121,272

2,401,857

2,864,744

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,231

-

Deferred

tax

£

Provided during period

1,231

Balance at 27 December 2025

1,231

Deferred tax is recognised in respect of the excess of capital allowances over depreciation.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A Shares

1.00

50

50

50

Ordinary B Shares

1

50

50

100

100

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

The Report of the Auditors was unqualified.

Andrew Rand (Senior Statutory Auditor)

for and on behalf of TC Group, Statutory Auditors

12.	RELATED PARTY DISCLOSURES

Included in other debtors is a balance paid to Beecher Ltd, a company that holds an interest in the share capital of Garden of Elveden Limited of £200,000 (2024:nil). This balance is interest free and repayable on demand.

During the year the company made sales of £594,413 (2024: £615,076) to Elveden Farms Limited, a related party undertaking by way of a director of Garden of Elveden Limited also being on the board of directors of Elveden Farms Limited. The company also made purchases from Elveden Farms Limited of £7,981,130 (2024: £8,548,173). These transactions are at arm's length.

At the balance sheet date the amount payable to Elveden Farms Limited and included within amounts owed to associated undertakings within creditors due in less than one year amounted to £393,733 (2024: £670,101). This balance is unsecured and repayable on demand.