E. Wrisdale & Sons Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00468145 (England and Wales)

E.WRISDALE & SONS,LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

9

DIRECTORS:

P M Wrisdale

J W Wrisdale

SECRETARY:

J W Wrisdale

REGISTERED OFFICE:

Bethlem Farm

Wainfleet St Mary

Skegness

Lincolnshire

PE24 4JZ

REGISTERED NUMBER:

00468145 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

SOLICITORS:

Roythornes Solicitors

Enterprise Way

Spalding

Lincolnshire

PE11 3YR

FIXED ASSETS

Tangible assets

4

772,648

820,533

Investments

5

641,133

418,031

1,413,781

1,238,564

CURRENT ASSETS

Valuation

679,341

690,956

Debtors

6

151,193

74,652

Cash at bank

294,812

485,719

1,125,346

1,251,327

CREDITORS

Amounts falling due within one year

7

588,949

735,649

NET CURRENT ASSETS

536,397

515,678

TOTAL ASSETS LESS CURRENT LIABILITIES

1,950,178

1,754,242

CREDITORS

Amounts falling due after more than one
year

8

(81,078

)

(145,014

)

PROVISIONS FOR LIABILITIES

(280,747

)

(233,301

)

NET ASSETS

1,588,353

1,375,927

CAPITAL AND RESERVES

Called up share capital

11

26,828

Capital redemption reserve

12

1,412

Other reserves

12

7,500

Fair valuation reserve

12

227,268

59,942

Retained earnings

12

1,325,345

1,280,245

SHAREHOLDERS' FUNDS

1,588,353

1,375,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 8 July 2026 and were signed on its behalf by:

J W Wrisdale - Director

P M Wrisdale - Director

1.	STATUTORY INFORMATION

E.Wrisdale & Sons,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.	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 net invoiced and accrued sales of farm crops excluding value added tax.

Sales of crops are recognised on despatch.

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.

Land and buildings

-

2% on cost and no depreciation charged

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Tangible assets are held at cost less depreciation.

Valuation

The valuation has been prepared by independent valuers at the lower of cost and estimated selling price less costs to sell.

Biological assets, living plants are included at the lower of cost and estimated selling price less costs to sell.

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

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. Accounts 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under finance leases are depreciated over their useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Investments

Fixed asset investments are stated at fair value. Any surplus or deficit arising from changes in fair value is recognised in profit or loss.

The investments in commodities are investments in precious metals via an asset management company and have been classified as fixed as they are being held for long term capital appreciation.

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 the income statement in the period to which they relate.

Government grants

Capital grants received are initially recognised as a liability and subsequently released to the income statement over the life of the associated asset acquired.

Government Grants, including the basic payment scheme, delinked payments, sustainable farming incentive and countryside stewardship scheme are recognised in the financial statements in accordance with the current H M revenue & Custom guidance.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

99,817

2,659,432

2,759,249

Additions

-

100,310

Disposals

-

(35,500

)

(35,500

)

At 31 December 2025

99,817

2,724,242

2,824,059

DEPRECIATION

At 1 January 2025

56,061

1,882,655

1,938,716

Charge for year

1,782

146,158

147,940

Eliminated on disposal

-

(35,245

)

(35,245

)

At 31 December 2025

57,843

1,993,568

2,051,411

NET BOOK VALUE

At 31 December 2025

41,974

730,674

772,648

At 31 December 2024

43,756

776,777

820,533

Included in land and buildings is freehold land valued at £10,719 (2024 - £10,719) which is not depreciated.

The net book value of tangible fixed assets includes £ 226,782 (2024 - £ 359,935 ) in respect of assets held under hire purchase contracts.

5.	FIXED ASSET INVESTMENTS

Investments

Other

in

investments

commodities

Totals

£

COST OR VALUATION

At 1 January 2025

3

418,028

418,031

Revaluations

-

223,102

At 31 December 2025

3

641,130

641,133

NET BOOK VALUE

At 31 December 2025

3

641,130

641,133

At 31 December 2024

3

418,028

418,031

Cost or valuation at 31 December 2025 is represented by:

Investments

Other

in

investments

commodities

Totals

£

Valuation in 2025

-

641,130

Cost

3

-

3

641,130

641,133

If the investments in commodities had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

338,105

The investments in commodities was valued on an open market basis on 31 December 2025 by Von Greyerz AG .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

91,855

32,315

Other debtors

59,338

42,337

151,193

74,652

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

5,834

10,000

Hire purchase contracts (see note 9)

58,103

82,496

Trade creditors

80,779

114,535

Taxation and social security

50,331

34,483

Other creditors

393,902

494,135

588,949

735,649

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

-

5,833

Hire purchase contracts (see note 9)

81,078

139,181

81,078

145,014

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

58,103

82,496

Between one and five years

81,078

139,181

221,677

Non-cancellable

operating leases

2025

2024

£

Within one year

3,600

Between one and five years

13,500

14,400

In more than five years

-

2,700

17,100

20,700

The company has other operating lease commitments that are covered by AHA tenancy agreements. The current annual commitment in respect of these agreements is £142,254 (2024 - £142,254).

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

5,834

15,833

The bank loan is secured by the government.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

26,828

Ordinary

1.00000

26,828

12.

RESERVES

Capital

Fair

Retained

redemption

Other

valuation

earnings

reserve

reserves

reserve

Totals

£

At 1 January 2025

1,280,245

1,412

7,500

59,942

1,349,099

Profit for the year

280,426

-

280,426

Dividends

(68,000

)

-

(68,000

)

Transfer

(167,326

)

-

167,326

-

At 31 December 2025

1,325,345

1,412

7,500

227,268

1,561,525

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, one of the directors was advanced £57,550 (2024 - £37,902), repaid £34,000 (2024 - £34,000) and at the year end owed £29,446 (2024 - £5,896).

The loans made to the directors are unsecured, interest free and repayable on demand.