Registered number: 01594935
CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
COMPANY EXECUTIVES
| President | John James |
|---|---|
| Directors | Nigel Gill |
| Adrian Elliott | |
| Alisdair Elliott | |
| Roger Elliott | |
| William Elliott | |
| Michael Roberts | |
| Johnny Rollings | |
| Joshua Farrell | |
| Denis Lester | |
| Leigh Wilson | |
| Joe Court | |
| Andrew Blurton | |
| Secretary | Amie Dickson |
| Registered office | Unit 3 The Dairy, |
| Tilehouse Farm Offices, | |
| East Shalford Lane, | |
| Guildford, | |
| Surrey GU4 8AE | |
| Registered number | 01594935 |
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CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
CONTENTS
| Page | |
|---|---|
| COMPANY INFORMATION | 1 |
| FINANCIAL STATEMENTS | |
| Report of the Council to Members | 3-4 |
| Independent Examiners Report | 5 |
| Statement of Income and Retained Earnings | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8-12 |
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CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
REPORT OF THE COUNCIL TO MEMBERS FOR THE YEAR ENDED 31 OCTOBER 2025
.
INTRODUCTION
The Council presents its report and the financial statements for the year ended 31 October 2025.
PRINCIPAL ACTIVITIES
The principal activities of the Society are to promote, maintain, improve and advance agriculture, to promote good farming and the advancements of the breeding and rearing of livestock, poultry and horses, and to foster and maintain education of the public and its interest and awareness in the agricultural industry.
DIRECTORS
The Directors who served throughout the year and to the date of this report were as follows:
Nigel Gill Chairman Alisdair Elliott Adrian Elliott Roger Elliott William Elliott Michael Roberts Jonny Rollings Joshua Farrell Denis Lester Leigh Wilson Joe Court Appointed 28 July 2025 Andrew Blurton Appointed 28 July 2025
DIRECTORS' RESPONSIBILITIES STATEMENT
The Directors are responsible for preparing the Report of the Council to Members and the financial statements in accordance with applicable law and regulations.
Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that year. In preparing these financial statements, the Directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and accounting estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
REPORT OF THE COUNCIL TO MEMBERS FOR THE YEAR ENDED 31 OCTOBER 2025
FINANCIAL RESULTS
The financial results for the year are set out on page 6.
MEMBERS’ FUNDS AND RESERVES POLICY
The strategy of the Council is to reinvest annual surpluses into the Society to increase Members’ Funds for the Society’s future progression. At 31 October 2025, Members’s Funds stood at £309,862 (2024: £99,160) which includes the surplus for the year. Free Reserves at 31 October 2025, comprising Net Assets less fixed assets and related loans, stood at £232,636 (2024: £21,021).
Cash balances are carefully managed, with appropriate levels maintained to cover planned and unforeseen eventualities. The Council has assessed the funds available to the Society and the current level of operations. Based on this assessment, the Council has concluded that the Society has sufficient funds to meet its obligations as they fall due.
SMALL COMPANIES EXEMPTION
In preparing this report, the Directors have adopted the small companies exemptions provided by section 415A of the Companies Act 2006.
ANNUAL GENERAL MEETING
The Annual General Meeting of the Society, at which all Members are invited to attend, will be held on 14 April 2026, at Cranleigh Golf Club, commencing at 7.30 pm.
APPROVAL
This report was approved by the Directors on 5[th] March 2026 and signed on its behalf.
Nigel Gill Chairman
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CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
INDEPENDENT EXAMINERS REPORT
Independent Examination of the financial statements and financial records, in respect of the year ended 31 October 2025, is undertaken by Jozef Cole MAAT on behalf of Oakwood Cranleigh Ltd, whose address is Unit 3, The Dairy, Tilehouse Farm Offices, East Shalford Lane, Guildford, GU4 8AE.
I report to the Directors on my examination of the financial statements of the charity (“the Society”), Cranleigh and South Eastern Agricultural Society, for the year ended 31 October 2025.
As the charity's Directors, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Society’s financial statements carried out under section 145 of the Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Association of Accounting Technicians (AAT).
I have completed my examination and in doing so, I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the financial statements did not accord with the accounting records; or
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the financial statements did not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Name Jozef Cole
Date 6[th] March 2026
Professional qualification: MAAT, Member of The Association of Accounting Technicians (AAT), whose registered office is 30 Churchill Place, London, E14 5RE and registered charity number is 1050724.
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CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 OCTOBER 2025
| Notes Revenue 3 Direct costs Gross surplus Administrative expenses Interest receivable and similar income Interest payable and similar charges Surplus/(Deficit) for the year 4 Retained funds at beginning of the year Surplus/(Deficit) for the year Retained funds at end of the year |
Year ended 31 October 2025 £ 377,940 (143,028) 234,912 (24,118) 264 (356) 210,702 99,160 210,702 309,862 |
Year ended 31 October 2024 £ 109,348 (95,319) |
|---|---|---|
| 14,029 (24,612) 378 (341) |
||
| (10,546) | ||
| 109,706 (10,546) |
||
| 99,160 |
The notes on pages 8 to 12 form part of these financial statements.
All amounts relate to continuing operations.
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CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
REGISTERED NUMBER 01594935
| STATEMENT OF FINANCIAL POSITION AT 31 OCTOBER 2025 |
2024 £ 81,879 |
|
|---|---|---|
| Note Fixed assets Tangible assets 6 Current assets Debtors 7 Cash and cash equivalents Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 9 NET ASSETS Financed by: MEMBERS’ FUNDS |
2025 £ 80,784 232 252,457 252,689 (23,611) 229,078 309,862 - 309,862 309,862 |
|
| 2,916 46,549 |
||
| 49,465 (28,444) |
||
| 21,021 | ||
| 102,900 (3,740) |
||
| 99,160 | ||
| 99,160 |
The Directors confirm that:
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(i) The Directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and for the preparation of the financial statements.
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(ii) These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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(iii) For the year ended 31 October 2025, the Company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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(iv) The members have not required the Company under Section 476 of the Companies Act 2006 to obtain an audit of its financial statements for the year ended 31 October 2025.
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(v) The Company has taken advantage of Section 444(1) of the Companies Act 2006 and not delivered to the Registrar a copy of the Company’s Income Statement.
The notes on pages 8 to 12 form part of these financial statements. The financial statements were approved and authorised for issue by the Board and were signed on its behalf on 5[th] March 2026.
Nigel Gill Director
Andrew Blurton Director
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CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
1.1 COMPANY FORMATION AND REGISTERED OFFICE
The Company is a private company limited by guarantee, incorporated in the United Kingdom under registered number 01594935. The registered office is Unit 3 The Dairy, Tilehouse Farm Offices, East Shalford Lane, Guildford, Surrey GU4 8AE.
1.2 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A for Small Entities, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland, and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company’s accounting policies.
The Company’s functional currency and reporting currency is Pounds Sterling
Reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 “The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland”:
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the requirements of Section 3 Financial Statement concerning Presentation of Cash Flows in paragraph 3.17(d);
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the requirements of Section 7 relating to Statement of Cash Flows;
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the requirements of Section 11 relating to Financial Instruments in paragraphs 11.39 to 11.48A; and
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the requirements of Section 33 concerning Related Party Disclosures in paragraph 33.7.
The following principal accounting policies have been applied in the preparation of these financial statements.
1.3 GOING CONCERN
The Statement of Financial Position shows a net current asset position and net asset position at the year end. The Directors are satisfied that the Company has adequate financial support and resources to continue in operational existence for the foreseeable future. Accordingly, they have continued to adopt the going concern basis of accounting in preparing the Company’s financial statements.
1.4 REVENUE
Revenue is recognised to the extent that the risks and rewards of ownership have transferred to the buyer, it is probable that the economic benefits will flow to the Company, and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received, excluding discounts, returns, rebates, similar allowances and Value Added Tax. Turnover includes revenue earned from the sale of goods and the rendering of services. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from the provision of services is recognised in the period in which the services are provided, when the amount of the revenue, the stage of completion of services at the period end, and the total costs incurred to provide the services, can all be measured reliably. The stage of completion of a contract is measured by comparing the costs incurred for work performed to the date of recognition, to the total estimated contract costs.
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CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
1. ACCOUNTING POLICIES (continued)
1.5 TANGIBLE FIXED ASSETS
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the Directors.
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal. The residual values of fixed assets, their useful lives, and their depreciation rates are reviewed at each reporting date and where there is an indication of a significant change since the previous reporting date, they are adjusted prospectively.
Repairs and maintenance are charged to the Statement of Income during the year in which they are incurred.
Depreciation is charged so as to allocate the cost of assets less their estimated residual value over their estimated useful lives using the straight-line method on the following bases:
| Plant and machinery | 20% |
|---|---|
| Fixtures and fittings | 20% |
| Computers and office equipment | 20% |
In accordance with FRS102, the Company’s freehold land and buildings are not depreciated. They have an unlimited life and do not suffer from physical deterioration or suffer from obsolescence.
Gains and losses on disposal are determined by comparing the proceeds with the carrying amount. They are recognised in the Statement of Income in the year in which the disposal takes place.
1.6 IMPAIRMENT OF ASSTS
Assets, other than those measured at fair value, are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income in the year in which the impairment is incurred.
1.7
CASH AND CASH EQUIVALENTS
Cash is represented by cash on hand and in demand deposits. Cash equivalents are highly liquid investments that are readily convertible to known amounts of cash without significant risk of change in value.
1.8 PROVISIONS
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that requires settlement by a transfer of economic benefit by the Company, and a reliable estimate of the amount of the obligation can be made.
Provisions are charged as an expense in the Statement of Income in the year the Company confirms the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are subsequently made, they are charged to the provision carried in the Statement of Financial Position and any subsequent balance after the provision has been fully settled is reflected in the Statement of Income that the payment was made.
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CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
2. JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY
Estimates and judgments are evaluated at each reporting date and are based on historical experience, adjusted for current market conditions and other relevant factors.
3. REVENUE
| Option receipt Showground rental Farm and Food Festival Memberships Donations Sponsorship Grants and subsidies Other revenue URPLUS/DEFICIT FOR THE YEAR he surplus/(deficit) for the year is stated after charging: Depreciation of tangible fixed assets Interest payable and similar charges |
Year ended 31 October 2025 £ 250,000 55,880 63,913 1,641 557 4,217 1,176 556 377,940 Year ended 31 October 2025 £ 1,263 356 |
Year ended 31 October 2024 £ - 51,044 50,407 1,137 1,665 1,023 4,042 30 |
|---|---|---|
| 109,348 | ||
| Year ended 31 October 2024 £ 794 341 |
4. SURPLUS/DEFICIT FOR THE YEAR
The surplus/(deficit) for the year is stated after charging:
5. EMPLOYEES AND DIRECTORS
During the year ended 31 October 2025, the Company had ten Directors throughout the year, with two further Directors appointed three months before the year-end (2024: nine Directors throughout the year, with one Director appointed three months before the year-end). The Directors did not receive any emoluments. The Company has no other employees.
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CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
6. TANGIBLE ASSETS
| Cost At 1 November 2024 Additions At 31 October 2025 Depreciation At 1 November 2024 Charge for the year At 31 October 2025 Net Book Value 31 October 2025 31 October 2024 7. DEBTORS Due within one year: Trade debtors Other debtors 8. CREDITORS: amounts falling Trade creditors Bank loans Accruals Taxation and social security Deposits |
Land and freehold property Plant and machinery Fixtures and fittings Computers and office equipment 80,000 17,750 64,623 10,145 - - - 168 |
Land and freehold property Plant and machinery Fixtures and fittings Computers and office equipment 80,000 17,750 64,623 10,145 - - - 168 |
Total 172,518 168 172,686 90,639 1,263 91,902 80,784 81,879 2024 £ 1,669 1,247 2,916 2024 £ 12,921 6,413 - - 9,110 |
|---|---|---|---|
| 80,000 17,750 64,623 10,313 |
|||
| - 16,450 64,623 9,566 - 650 - 613 |
|||
| - 17,100 64,623 10,179 |
|||
| 80,000 650 80,000 1,300 |
- 134 - 579 |
||
| due within one year | 2025 £ 67 165 232 2025 £ 445 3,558 6,641 6,022 6,945 23,611 |
||
| 28,444 |
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CRANLEIGH AND SOUTH EASTERN AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
9. |
CREDITORS: amounts falling due after more than one year | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Bank loans | - | 3,740 |
The bank loan is repayable in May 2026. Accordingly at 31 October 2025 the loan has been included in Creditors: Amounts falling due within one year.
10. COMPANY LIMITED BY GUARANTEE AND CONTROLLING PARTY
The Company has no share capital and is limited by guarantee. As confirmed in the Memorandum of Association of the Company, the liability of each Member in the event of a winding up of the Company is limited to £1. There is no overall controlling party of the Company.
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