Registration number: 04539298

Stemgold Peas Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Stemgold Peas Limited

Company Information

Directors

T R Needham A R Craven R J Douglas I Watson J J Ward A L Buckley W R Bryant S R King C Baylis

Company secretary

British Growers Association Limited

Registered office

BGA House Nottingham Road Louth Lincolnshire LN11 0WB

Stemgold Peas Limited

(Registration number: 04539298)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	655,734	723,500
Other financial assets	5	1	1
		655,735	723,501
Current assets
Stocks	6	1,128	-
Debtors	7	1,351,042	1,530,816
Cash at bank and in hand		7,216	94,303
		1,359,386	1,625,119
Creditors: Amounts falling due within one year	8	(1,444,296)	(1,623,823)
Net current (liabilities)/assets		(84,910)	1,296
Total assets less current liabilities		570,825	724,797
Creditors: Amounts falling due after more than one year	8	(115,882)	(280,064)
Net assets		454,943	444,733
Capital and reserves
Called up share capital	10	40	40
Other reserves		39,646	29,436
Retained earnings		415,257	415,257
Shareholders' funds		454,943	444,733

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2026 and signed on its behalf by:
 

......................................... John Walgate on behalf of British Growers Association Limited Company secretary

......................................... T R Needham Director

Stemgold Peas Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 04539298.

The address of its registered office is:
BGA House
Nottingham Road
Louth
Lincolnshire
LN11 0WB

These financial statements cover the individual entity, Stemgold Peas Limited.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 31 July 2026 was Adam Millson ACA, who signed for and on behalf of Forrester Boyd Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	33.33%, 16.66% and 8.33% per annum of cost

Stemgold Peas Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Borrowings which are classified as non current liabilities and are at a non market rate of interest are initially recorded at fair value. These borrowings are subsequently carried at amortised cost, with the difference between the proceeds and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation on a straight line basis.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Stemgold Peas Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

3	Staff numbers

The average number of persons employed by the Company during the year, was 0 (2024 - 0).

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 November 2024	1,358,056	1,358,056
At 31 October 2025	1,358,056	1,358,056
Depreciation
At 1 November 2024	634,556	634,556
Charge for the year	67,766	67,766
At 31 October 2025	702,322	702,322
Carrying amount
At 31 October 2025	655,734	655,734
At 31 October 2024	723,500	723,500

Stemgold Peas Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 November 2024	1	1
At 31 October 2025	1	1
Carrying amount
At 31 October 2025	1	1

6

Stocks

	2025 £	2024 £
Other inventories	1,128	-

7

Debtors

Current	2025 £	2024 £
Trade debtors	1,227,571	1,424,116
Prepayments and accrued income	9,581	9,696
Other debtors	113,890	97,004
	1,351,042	1,530,816

Stemgold Peas Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	240,000	-
Trade creditors		17,307	65,116
Taxation and social security		3,306	-
Accruals and deferred income		94,815	95,028
Other creditors		1,088,868	1,463,679
		1,444,296	1,623,823