Malcolm Wrisdale Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00784855 (England and Wales)

MALCOLM WRISDALE 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

10

DIRECTORS:

S M Wrisdale

Mrs J Wrisdale

T M Wrisdale

REGISTERED OFFICE:

The Laurels

East Keal

Spilsby

Lincolnshire

PE23 4BA

REGISTERED NUMBER:

00784855 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

3,810,574

3,822,204

Investments

6

15,386

14,627

Investment property

7

311,551

4,137,511

4,148,382

CURRENT ASSETS

Valuation

975,943

902,661

Debtors

8

2,055,997

1,791,030

Cash at bank and in hand

35,064

40,183

3,067,004

2,733,874

CREDITORS

Amounts falling due within one year

9

934,219

767,711

NET CURRENT ASSETS

2,132,785

1,966,163

TOTAL ASSETS LESS CURRENT LIABILITIES

6,270,296

6,114,545

CREDITORS

Amounts falling due after more than one
year

10

(3,591,709

)

(3,537,617

)

PROVISIONS FOR LIABILITIES

(524,231

)

(503,890

)

NET ASSETS

2,154,356

2,073,038

CAPITAL AND RESERVES

Called up share capital

12

60,000

Other reserves

55,149

Retained earnings

2,039,207

1,957,889

SHAREHOLDERS' FUNDS

2,154,356

2,073,038

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

T M Wrisdale - Director

1.	STATUTORY INFORMATION

Malcolm Wrisdale 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 and basic payment scheme excluding value added tax.

Sales of crops are recognised on despatch.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance, 10% on reducing balance, 4% on reducing balance and no depreciation charged

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance, 15% on reducing balance, 10% on reducing balance and 4% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Valuation

Biological assets are included at the lower of cost and estimated selling price less costs to sell and are valued by the directors.

The cost of other stocks are calculated using the first-in first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

The company has chosen to adopt the FRS102 1A 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 Statement of Income and Retained Earnings, 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 hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated 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.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

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.

Investments

Quoted fixed asset investments are stated at their fair value with any movement being recognised in the income statement.

Unquoted fixed asset investments are stated at cost less provision for any permanent diminution in value.

Delinked payment scheme

The delinked payment scheme is recognised in the financial statements in accordance with current H M Revenue & Customs guidance.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

118,850

Disposals

(118,850

)

At 31 December 2025

-

AMORTISATION

At 1 January 2025

118,850

Eliminated on disposal

(118,850

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

2,870,161

2,931,056

5,801,217

Additions

-

489,861

Disposals

-

(418,705

)

(418,705

)

Reclassification/transfer

-

9,641

At 31 December 2025

2,870,161

3,011,853

5,882,014

DEPRECIATION

At 1 January 2025

589,280

1,389,733

1,979,013

Charge for year

44,444

268,111

312,555

Eliminated on disposal

-

(229,769

)

(229,769

)

Reclassification/transfer

-

9,641

At 31 December 2025

633,724

1,437,716

2,071,440

NET BOOK VALUE

At 31 December 2025

2,236,437

1,574,137

3,810,574

At 31 December 2024

2,280,881

1,541,323

3,822,204

Included in cost of land and buildings is freehold land of £ 1,707,427 (2024 - £ 1,707,427 ) which is not depreciated.

The net book value of tangible fixed assets includes £1,057,019 (2024 - £1,052,801) in respect of assets held under hire purchase contracts.

6.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

Totals

£

COST OR VALUATION

At 1 January 2025

958

13,669

14,627

Revaluations

759

-

759

At 31 December 2025

1,717

13,669

15,386

NET BOOK VALUE

At 31 December 2025

1,717

13,669

15,386

At 31 December 2024

958

13,669

14,627

Cost or valuation at 31 December 2025 is represented by:

Listed

Unlisted

investments

Totals

£

Valuation in 2025

1,717

-

1,717

Cost

-

13,669

1,717

13,669

15,386

If quoted investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

3,180

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

311,551

NET BOOK VALUE

At 31 December 2025

311,551

At 31 December 2024

311,551

Investment property has been valued by the directors and represents the fair value of the property at the statement of financial position date

8.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

361,079

411,625

Other debtors

1,351,984

1,076,519

1,713,063

1,488,144

Amounts falling due after more than one year:

Other debtors

342,934

302,886

Aggregate amounts

2,055,997

1,791,030

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

236,755

195,494

Hire purchase contracts and finance leases

233,248

229,325

Trade creditors

211,181

143,078

Taxation and social security

112,857

66,237

Other creditors

140,178

133,577

934,219

767,711

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

3,265,411

3,178,000

Hire purchase contracts and finance leases

326,298

359,617

3,591,709

3,537,617

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

505,000

Repayable by instalments

Bank loans

2,032,754

2,007,375

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

3,502,166

3,373,494

Other loans

-

12,272

Hire purchase contracts and finance leases

559,546

588,942

4,061,712

3,974,708

The bank loans and overdraft are secured by way of a legal charge over the farm land and buildings and a fixed charge over the assets of the company.

Liabilities under hire purchase contracts and other loans are secured on the assets to which they relate.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

24,000

Ordinary A

£1

24,000

30,000

Ordinary B

£1

30,000

6,000

Ordinary C

£1

6,000

60,000

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, £251,131 (2024 - £184,619) was advanced to the directors and £77,756 (2024 - £74,017) repaid. At the year end, £939,613 (2024 - £766,238) was outstanding.

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