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REGISTERED NUMBER: 01281827 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

John Bradshaw (Farms) Limited

John Bradshaw (Farms) Limited (Registered number: 01281827)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


John Bradshaw (Farms) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D J T Bradshaw
Mrs M E Bradshaw
Mrs L E Beckham





SECRETARY: Mrs M E Bradshaw





REGISTERED OFFICE: The Limes
32 Bridge Street
Thetford
Norfolk
IP24 3AG





BUSINESS ADDRESS: Grange Farm
Shelton
Long Stratton
Norwich
Norfolk
NR15 2SQ





REGISTERED NUMBER: 01281827 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
Eldo House, Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

John Bradshaw (Farms) Limited (Registered number: 01281827)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,160 88,113
Investment property 5 335,000 335,000
421,160 423,113

CURRENT ASSETS
Debtors 6 5,106 4,024
Cash at bank and in hand 89,145 86,209
94,251 90,233
CREDITORS
Amounts falling due within one year 7 12,003 11,130
NET CURRENT ASSETS 82,248 79,103
TOTAL ASSETS LESS CURRENT LIABILITIES 503,408 502,216

PROVISIONS FOR LIABILITIES 8 62,035 45,139
NET ASSETS 441,373 457,077

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 263,962 263,962
Retained earnings 177,311 193,015
SHAREHOLDERS' FUNDS 441,373 457,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

John Bradshaw (Farms) Limited (Registered number: 01281827)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:




Mr D J T Bradshaw - Director Mrs M E Bradshaw - Director




Mrs L E Beckham - Director


John Bradshaw (Farms) Limited (Registered number: 01281827)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

John Bradshaw (Farms) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Letting income is recognised in the period of occupation.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Land is not depreciated. Freehold buildings are not depreciated because the directors consider any depreciation would be immaterial due to their high residual value and long economic life.

Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating to either revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset.

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.

John Bradshaw (Farms) Limited (Registered number: 01281827)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

John Bradshaw (Farms) Limited (Registered number: 01281827)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 66,272 72,823 139,095
Additions - 1,755 1,755
At 31 March 2023 66,272 74,578 140,850
DEPRECIATION
At 1 April 2022 - 50,982 50,982
Charge for year - 3,708 3,708
At 31 March 2023 - 54,690 54,690
NET BOOK VALUE
At 31 March 2023 66,272 19,888 86,160
At 31 March 2022 66,272 21,841 88,113

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 335,000
NET BOOK VALUE
At 31 March 2023 335,000
At 31 March 2022 335,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 335,000

John Bradshaw (Farms) Limited (Registered number: 01281827)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 25,641 25,641

Investment property was valued on an open market basis on 31 March 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,106 4,024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,025 1,003
Other creditors 10,978 10,127
12,003 11,130

Other creditors includes amounts owed to the directors.

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Tax losses carried forward (2,257 ) (4,026 )
Revaluation of investment property 59,732 45,397
Accelerated capital allowances 4,560 3,768
62,035 45,139

Deferred
tax
£   
Balance at 1 April 2022 45,139
Charge to Income Statement during year 16,896
Balance at 31 March 2023 62,035

John Bradshaw (Farms) Limited (Registered number: 01281827)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary A 1p 50 50
5,000 Ordinary B 1p 50 50
100 100

10. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 263,962