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REGISTERED NUMBER: 08856248 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

J Nellis Farms Ltd

J Nellis Farms Ltd (Registered number: 08856248)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J Nellis Farms Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A J Nellis
J W Nellis





SECRETARY: F H Nellis





REGISTERED OFFICE: Hazeldene
Skewsby
York
North Yorkshire
YO61 4SQ





REGISTERED NUMBER: 08856248 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

J Nellis Farms Ltd (Registered number: 08856248)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 208,327 186,128

CURRENT ASSETS
Debtors 5 9,294 3,354
Cash at bank 31,307 39,425
40,601 42,779
CREDITORS
Amounts falling due within one year 6 137,179 137,269
NET CURRENT LIABILITIES (96,578 ) (94,490 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,749

91,638

CREDITORS
Amounts falling due after more than one
year

7

(7,232

)

-

PROVISIONS FOR LIABILITIES 9 (10,522 ) (6,304 )
NET ASSETS 93,995 85,334

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 93,993 85,332
SHAREHOLDERS' FUNDS 93,995 85,334

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.

J Nellis Farms Ltd (Registered number: 08856248)

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 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 24 October 2023 and were signed on its behalf by:





J W Nellis - Director


J Nellis Farms Ltd (Registered number: 08856248)

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

1. STATUTORY INFORMATION

J Nellis Farms Ltd 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Rental income is recognised in accordance with the contractual terms of the lease.

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 - not provided
Plant and machinery - 25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

J Nellis Farms Ltd (Registered number: 08856248)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2022 152,947 111,085 264,032
Additions - 36,500 36,500
At 31 March 2023 152,947 147,585 300,532
DEPRECIATION
At 1 April 2022 - 77,904 77,904
Charge for year - 14,301 14,301
At 31 March 2023 - 92,205 92,205
NET BOOK VALUE
At 31 March 2023 152,947 55,380 208,327
At 31 March 2022 152,947 33,181 186,128

The freehold properties previous revaluation was used as the deemed cost in the accounts on transition to FRS102. The historic cost equivalent of these assets is £152,947 (2022: £152,947).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,359 -
Prepayments and accrued income 3,935 3,354
9,294 3,354

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,232 -
Taxation and social security 779 7,573
Other creditors 2 580
Directors' current accounts 128,466 128,466
Accruals and deferred income 700 650
137,179 137,269

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 7,232 -

J Nellis Farms Ltd (Registered number: 08856248)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 14,464 -

Obligations under hire purchase are secured against the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 10,522 6,304

Deferred
tax
£   
Balance at 1 April 2022 6,304
Provided during year 4,218
Balance at 31 March 2023 10,522

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
2 2

11. RELATED PARTY DISCLOSURES

2023 2022
£ £
Personnel of the entity:

Amount due to director 128,466 128,466

No interest has been charged.