Registration number: 04713346

Arundel Kerr Produce (East Anglia) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Arundel Kerr Produce (East Anglia) Limited

Company Information

Directors

R D Arundel B W Kerr R Dobson

Company secretary

E S Arundel

Registered office

Pegasus House Pegasus Road Elsham Wold Ind. Estate Elsham North Lincolnshire DN20 0SQ

Arundel Kerr Produce (East Anglia) Limited

(Registration number: 04713346)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	691,983	718,995
Current assets
Stocks	5	932,167	413,125
Debtors	6	337,977	1,754,892
		1,270,144	2,168,017
Creditors: Amounts falling due within one year	7	(2,648,572)	(3,204,913)
Net current liabilities		(1,378,428)	(1,036,896)
Total assets less current liabilities		(686,445)	(317,901)
Creditors: Amounts falling due after more than one year	7	(131,403)	(212,201)
Net liabilities		(817,848)	(530,102)
Capital and reserves
Called up share capital	9	199	199
Retained earnings		(818,047)	(530,301)
Shareholders' deficit		(817,848)	(530,102)

For the financial period ending 30 June 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 accounts for the period in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2026 and signed on its behalf by:
 

......................................... R D Arundel Director

Arundel Kerr Produce (East Anglia) Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 30 June 2025

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 04713346.

The address of its registered office is:
Pegasus House
Pegasus Road
Elsham Wold Ind. Estate
Elsham
North Lincolnshire
DN20 0SQ

These financial statements cover the individual entity, Arundel Kerr Produce (East Anglia) Limited.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
 

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Disclosure of long or short period

The company’s accounting period was shortened to end on 30 June 2025 to coincide with the acquisition of its entire issued share capital by Arundel Kerr Produce Limited.

Going concern

The company is financed by a significant bank overdraft facility. The overdraft facility provided is governed by an agreement with the bank and the company is aware of their repayment obligations and their limits and considers that it can continue trading whilst meeting these. The directors have made assurances that the company will continue to receive financial support from the bank and that the changes to trade should result in the company generating profits in the next accounting period. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

After the year end the share capital was acquired by Arundel Kerr Produce Limited and the trade carried on by Arundel Kerr Produce (East Anglia) Limited was hived up to the parent company.

Arundel Kerr Produce (East Anglia) Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 30 June 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% - 25% reducing balance
Plant and machinery	10% - 25% reducing balance and 4% - 33% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The basis of valuation is as follows:
Raw materials and consumables are stated at the lower of cost and net realisable value.
Produce on hand is valued at the lower of estimated cost of production and net realisable value.
Tenantright is calculated by a combination of actual costs and standard costs.
The basis of valuation is consistent with previous years.

Arundel Kerr Produce (East Anglia) Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 30 June 2025

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company during the period, was 4 (2024 - 4).

Arundel Kerr Produce (East Anglia) Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 30 June 2025

4	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	1,103,789	33,924	24,000	1,161,713
Additions	29,286	-	-	29,286
At 30 June 2025	1,133,075	33,924	24,000	1,190,999
Depreciation
At 1 November 2024	406,033	22,258	14,427	442,718
Charge for the period	53,225	758	2,315	56,298
At 30 June 2025	459,258	23,016	16,742	499,016
Carrying amount
At 30 June 2025	673,817	10,908	7,258	691,983
At 31 October 2024	697,756	11,666	9,573	718,995

5	Stock and Farm Valuation

	2025 £	2024 £
Raw materials and consumables	12,000	12,000
Produce on hand	920,167	401,125
	932,167	413,125

6

Debtors

	2025 £	2024 £
Trade debtors	170,213	889,499
Prepayments and accrued income	167,080	840,123
Other debtors	684	25,270
	337,977	1,754,892

Arundel Kerr Produce (East Anglia) Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 30 June 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	847,588	844,729
Trade creditors		1,616,494	1,942,302
Taxation and social security		8,028	7,973
Accruals and deferred income		24,020	224,835
Other creditors		152,442	185,074
		2,648,572	3,204,913