For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

E.D. Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Great Addington Lodge, Thrapston Road, Finedon, Wellingborough, Northamptonshire, United Kingdom, NN9 5HN.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover is measured at fair value of consideration received or receivable net of VAT. Turnover represents farming income from sales of crops at invoiced value excluding VAT, together with associated grants and subsidies.

Turnover from crop sales is recognised when significant risks and rewards of ownership have transferred to the buyer, normally on delivery.

Basic Payment Entitlement is a grant which is initially measured at fair value and is being amortised over its estimated useful life of 5 years.

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off cost less estimated residual value of each asset over its expected useful life. However freehold and leasehold properties with the exception of the property below have no depreciation provision due to each having long estimated residual life and a residual value that would not be less than carrying value.

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.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Stocks valuations have been prepared by the directors in accordance with the principles laid down by HM Revenue & Customs.

Cultivations are biological assets and are included at cost calculated by reference to the seeds, machinery and labour attributable to the stage of production reached.

The stock of fertilisers and sprays includes quantities held at the year end (and amounts applied to the cultivations to the stage of production reached) valued at the lower of cost and net realisable value.

Loans from directors and other connected parties are measured at transaction price.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price less any impairment.

The average monthly number of persons (including directors) employed by the company during the year was:

Investment property comprises the property at 2 St Mary's Court, Little Addington. The fair value of the investment property has been arrived at on the basis of a valuation carried out in December 2025 by the directors with reference to market evidence of transaction prices for similar properties.

In previous years the trustees of the E D Peck Settlement made loans to the company. These loans are unsecured and have no fixed repayment date. The total amount outstanding at 31 December 2025 was £1,018,080 (2024: £1,018,080). No interest was charged during the current or previous years.

In previous years the late Mr D J Norton also made loans to the company that are unsecured and have no fixed repayment date. The loans are now repayable to Mrs H Norton. The total amount outstanding at 31 December 2025 was £23,976 (2024: £68,136). No interest was charged during the current or previous years.