REGISTERED NUMBER: 03352454 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

HURRELL & MCLEAN SEEDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E P A Gladstone

N A Gladstone

P R Elstob

J J Elstob

SECRETARY:

J J Elstob

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

03352454 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,576,224

1,637,265

1,576,224

1,637,265

CURRENT ASSETS

Stocks

148,648

163,400

Debtors

6

690,135

2,389,849

Cash at bank

3,362,187

1,201,638

4,200,970

3,754,887

CREDITORS

Amounts falling due within one year

7

1,855,945

1,590,509

NET CURRENT ASSETS

2,345,025

2,164,378

TOTAL ASSETS LESS CURRENT LIABILITIES

3,921,249

3,801,643

CREDITORS

Amounts falling due after more than one year

8

(4,606

)

(5,419

)

PROVISIONS FOR LIABILITIES

(30,442

)

(34,516

)

NET ASSETS

3,886,201

3,761,708

CAPITAL AND RESERVES

Called up share capital

9

56

56

Share premium

964,221

964,221

Retained earnings

2,921,924

2,797,431

SHAREHOLDERS' FUNDS

3,886,201

3,761,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 28 September 2026 and were signed on its behalf by:

N A Gladstone - Director

1.	STATUTORY INFORMATION

Hurrell & McLean Seeds 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.

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 relates to the sale of seeds, and is recognised on exchange of goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been amortised evenly over its estimated useful life of twenty years.

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.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Pension costs and other post-retirement benefits

The company has implemented an auto-enrolment pension scheme in respect of all employees. Contributions are charged to the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2025 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

250,000

AMORTISATION

At 1 February 2025

and 31 January 2026

250,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2025

1,382,990

656,501

2,039,491

Additions

-

9,157

9,157

At 31 January 2026

1,382,990

665,658

2,048,648

DEPRECIATION

At 1 February 2025

33,484

368,742

402,226

Charge for year

17,242

52,956

70,198

At 31 January 2026

50,726

421,698

472,424

NET BOOK VALUE

At 31 January 2026

1,332,264

243,960

1,576,224

At 31 January 2025

1,349,506

287,759

1,637,265

Included in cost of land and buildings is freehold land of £ 812,098 (2025 - £ 812,098 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

299,218

413,782

Other debtors

390,917

1,976,067

690,135

2,389,849

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

428,303

490,734

Taxation and social security

185,525

373,913

Other creditors

1,242,117

725,862

1,855,945

1,590,509

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Other creditors

4,606

5,419

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

32

Ordinary A

£1

32

32

4

Ordinary B

£1

4

4

3

Ordinary C

£1

3

3

3

Ordinary D

£1

3

3

4

Ordinary E

£1

4

4

4

Ordinary F

£1

4

4

3

Ordinary G

£1

3

3

3

Ordinary H

£1

3

3

56

56

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

N A Gladstone

Balance outstanding at start of year

936,279

596,171

Amounts advanced

362,527

936,279

Amounts repaid

(1,128,279

)

(596,171

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

170,527

936,279

P R Elstob and J J Elstob

Balance outstanding at start of year

936,279

562,177

Amounts advanced

362,527

936,279

Amounts repaid

(1,128,279

)

(562,177

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

170,527

936,279