Company No: 00466774 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	C J D Atkins
	D M Atkins (Appointed 20 December 2024)
	J M Atkins
	S E Atkins
	S J Sait

Secretary

C J D Atkins

Registered office	2nd Floor
	Maritime Place Quayside
	Chatham Maritime
	Chatham
	ME4 4QZ
	United Kingdom

Company number

00466774 (England and Wales)

Accountant	Kreston Reeves LLP
	Suite 2
	Orchard House
	Orchard Street
	Canterbury
	Kent
	CT2 8AR

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C.E.Murch Limited for the financial period ended 31 August 2025 which comprise the Balance Sheet and the related notes 1 to 14 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of C.E.Murch Limited, as a body, in accordance with the terms of our engagement letter dated 25 August 2023. Our work has been undertaken solely to prepare for your approval the financial statements of C.E.Murch Limited and state those matters that we have agreed to state to the Board of Directors of C.E.Murch Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C.E.Murch Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that C.E.Murch Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C.E.Murch Limited. You consider that C.E.Murch Limited is exempt from the statutory audit requirement for the financial period.

We have not been instructed to carry out an audit or a review of the financial statements of C.E.Murch Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Suite 2
Orchard House
Orchard Street
Canterbury
Kent
CT2 8AR

10 August 2026

	Note	31.08.2025		31.08.2024
		£		£
Fixed assets
Tangible assets	4	5,485,700		5,933,086
Investment property	5	925,000		925,000
Investments	6	3,000		3,000
		6,413,700		6,861,086
Current assets
Stocks	7	453,088		365,594
Debtors	8	181,293		142,523
Cash at bank and in hand	9	1,885,338		24
		2,519,719		508,141
Creditors: amounts falling due within one year	10	( 1,328,766)		( 1,933,726)
Net current assets/(liabilities)		1,190,953		(1,425,585)
Total assets less current liabilities		7,604,653		5,435,501
Creditors: amounts falling due after more than one year	11	( 1,140,096)		( 724,759)
Provision for liabilities	12	( 813,018)		( 644,308)
Net assets		5,651,539		4,066,434
Capital and reserves
Called-up share capital	13	223,445		219,600
Share premium account		2,100		2,100
Revaluation reserve		2,735,279		3,226,343
Profit and loss account		2,690,715		618,391
Total shareholders' funds		5,651,539		4,066,434

For the financial period ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of C.E.Murch Limited (registered number: 00466774) were approved and authorised for issue by the Board of Directors on 10 August 2026. They were signed on its behalf by:

C J D Atkins Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

C.E.Murch Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor, Maritime Place Quayside, Chatham Maritime, Chatham, ME4 4QZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The previous accounting period was extended from 5 April 2024 to 31 August 2024, a 17 month period. The directors concluded that an August year end would work better with cropping years.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	5 years straight line
Entitlements	5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery etc.	10 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and 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 constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	12 month period to 31.08.2025		17 month period to 31.08.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	14		14

3. Intangible assets

	Goodwill		Entitlements		Total
	£		£		£
Cost
At 01 September 2024	2,058		23,422		25,480
At 31 August 2025	2,058		23,422		25,480
Accumulated amortisation
At 01 September 2024	2,058		23,422		25,480
At 31 August 2025	2,058		23,422		25,480
Net book value
At 31 August 2025	0		0		0
At 31 August 2024	0		0		0

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 September 2024	4,941,915		1,663,059		6,604,974
Additions	725,361		160,132		885,493
Disposals	( 500,000)		( 816,483)		( 1,316,483)
At 31 August 2025	5,167,276		1,006,708		6,173,984
Accumulated depreciation
At 01 September 2024	79,453		592,435		671,888
Charge for the financial period	11,728		42,918		54,646
Disposals	0		( 38,250)		( 38,250)
At 31 August 2025	91,181		597,103		688,284
Net book value
At 31 August 2025	5,076,095		409,605		5,485,700
At 31 August 2024	4,862,462		1,070,624		5,933,086

The net book value of land and buildings may be further analysed as follows:

Freehold £5,076,095 (2024: £4,862,462)

Revaluation of tangible assets

	31.08.2025		31.08.2024
	£		£
Historical cost	1,789,229		1,135,172
Accumulated depreciation	(257,958)		(241,071)
Carrying value	1,531,271		894,101

At 31 August 2025 the valuation of land and buildings totalling £5,167,276 comprises an historic cost element of £1,789,229 and a revaluation element of £3,378,047.

5. Investment property

	Investment property
	£
Valuation
As at 01 September 2024	925,000
As at 31 August 2025	925,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.

At 31 August 2024 the valuation of investment properties totalling £925,000 comprises an historic cost element of £320,028 and a revaluation element of £604,972.

6. Fixed asset investments

Investments in subsidiaries

	31.08.2025
	£
Cost
At 01 September 2024	100
At 31 August 2025	100
Carrying value at 31 August 2025	100
Carrying value at 31 August 2024	100

	Investments in associates		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 September 2024	2,800		100		2,900
At 31 August 2025	2,800		100		2,900
Carrying value at 31 August 2025	2,800		100		2,900
Carrying value at 31 August 2024	2,800		100		2,900

7. Stocks

	31.08.2025		31.08.2024
	£		£
Stocks	68,228		66,150
Crops	384,860		299,444
	453,088		365,594

8. Debtors

	31.08.2025		31.08.2024
	£		£
Trade debtors	83,443		13,941
Amounts owed by associates	53,888		79,337
Other debtors	43,962		49,245
	181,293		142,523

9. Cash and cash equivalents

	31.08.2025		31.08.2024
	£		£
Cash at bank and in hand	1,885,338		24
Less: Bank overdrafts	0		( 613,949)
	1,885,338		(613,925)

10. Creditors: amounts falling due within one year

	31.08.2025		31.08.2024
	£		£
Bank loans and overdrafts (secured)	24,500		637,449
Trade creditors	92,030		44,220
Amounts owed to own subsidiaries	100		100
Taxation and social security	332,905		9,919
Other creditors	879,231		1,242,038
	1,328,766		1,933,726

The bank loans are secured on freehold land of the Company.

11. Creditors: amounts falling due after more than one year

	31.08.2025		31.08.2024
	£		£
Bank loans (secured)	349,718		374,759
Other creditors	790,378		350,000
	1,140,096		724,759

The bank loans are secured on freehold land of the Company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	31.08.2025		31.08.2024
	£		£
Bank loans (secured / repayable by instalments)	270,759		307,369

12. Deferred tax

	31.08.2025		31.08.2024
	£		£
At the beginning of financial period	( 644,308)		( 750,650)
(Charged)/credited to the Statement of Income and Retained Earnings	( 168,710)		106,342
At the end of financial period	( 813,018)		( 644,308)

The deferred taxation balance is made up as follows:

	31.08.2025		31.08.2024
	£		£
Revaluation of tangible assets	( 694,268)		( 631,900)
Revaluation of investment property	( 118,750)		( 118,750)
Tax losses carry forward	0		106,342
	( 813,018)		( 644,308)

13. Called-up share capital

	31.08.2025		31.08.2024
	£		£
Allotted, called-up and fully-paid
219,600 Ordinary shares of £ 1.00 each	219,600		219,600
3,845 Ordinary A shares of £ 1.00 each (31.08.2024: nil shares)	3,845		0
	223,445		219,600

14. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.