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REGISTERED NUMBER: 00631089 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

J.C.M. Glassford Limited

J.C.M. Glassford Limited (Registered number: 00631089)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


J.C.M. Glassford Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: T C Bradshaw





REGISTERED OFFICE: Apley Head Farm
Clumber
Nr Worksop
Nottinghamshire
S80 3NU





REGISTERED NUMBER: 00631089 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
J.C.M. Glassford Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.C.M. Glassford Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of J.C.M. Glassford Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J.C.M. Glassford Limited and state those matters that we have agreed to state to the director of J.C.M. Glassford Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.C.M. Glassford Limited and its director for our work or for this report.

It is your duty to ensure that J.C.M. Glassford Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J.C.M. Glassford Limited. You consider that J.C.M. Glassford Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.C.M. Glassford Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


3 October 2023

J.C.M. Glassford Limited (Registered number: 00631089)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,109,341 14,581,939
Investments 5 38,496 38,496
16,147,837 14,620,435

CURRENT ASSETS
Stocks 35,997 35,449
Debtors 6 7,249,553 7,336,900
Cash at bank and in hand 90,739 558,160
7,376,289 7,930,509
CREDITORS
Amounts falling due within one year 7 152,026 290,292
NET CURRENT ASSETS 7,224,263 7,640,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,372,100

22,260,652

CREDITORS
Amounts falling due after more than one
year

8

(4,912,750

)

(4,912,750

)

PROVISIONS FOR LIABILITIES (3,185,021 ) (1,887,042 )
NET ASSETS 15,274,329 15,460,860

CAPITAL AND RESERVES
Called up share capital 9 22,731 22,731
Share premium 334,742 334,742
Revaluation reserve 10 8,739,031 8,515,760
Capital reserve - 622,997
Retained earnings 6,177,825 5,964,630
SHAREHOLDERS' FUNDS 15,274,329 15,460,860

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 director acknowledges his 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.C.M. Glassford Limited (Registered number: 00631089)

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 director and authorised for issue on 3 October 2023 and were signed by:





T C Bradshaw - Director


J.C.M. Glassford Limited (Registered number: 00631089)

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

1. STATUTORY INFORMATION

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

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 and land - 2% on cost
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Freehold property is subject to periodic revaluation.

When an asset is revalued, any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset. The net amount is then restated to the revalued amount of the asset. Revaluations are recognised in the revaluation reserve as undistributable reserves.

Increases in carrying amounts arising from revaluation are recognised in the asset revaluation reserve, unless they offset previous decreases in the carrying amounts of the same asset, in which case, they are recognised in profit or loss.

Decreases in carrying amounts that offset previous increases of the same asset are recognised against the asset revaluation reserve. All other decreases in carrying amounts are recognised as a loss in the statement of comprehensive income.

Investments in associates
Investments in associate undertakings are recognised at cost.

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 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.

J.C.M. Glassford Limited (Registered number: 00631089)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property Plant and Motor Computer
and land machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2022 14,566,783 72,489 10,750 2,312 14,652,334
Additions - 11,747 - - 11,747
Disposals - (56,101 ) - (1,112 ) (57,213 )
Revaluations 1,521,250 - - - 1,521,250
At 31 March 2023 16,088,033 28,135 10,750 1,200 16,128,118
DEPRECIATION
At 1 April 2022 - 63,287 5,839 1,269 70,395
Charge for year - 2,698 1,228 262 4,188
Eliminated on disposal - (54,842 ) - (964 ) (55,806 )
At 31 March 2023 - 11,143 7,067 567 18,777
NET BOOK VALUE
At 31 March 2023 16,088,033 16,992 3,683 633 16,109,341
At 31 March 2022 14,566,783 9,202 4,911 1,043 14,581,939


5. FIXED ASSET INVESTMENTS
Participating
interest
£   
COST
At 1 April 2022
and 31 March 2023 38,496
NET BOOK VALUE
At 31 March 2023 38,496
At 31 March 2022 38,496

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,862 50,058
Amounts owed by group undertakings 7,051,279 7,050,505
Amounts owed by participating interests - 85,374
Other debtors 142,412 150,963
7,249,553 7,336,900

J.C.M. Glassford Limited (Registered number: 00631089)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 36,276 52,754
Taxation and social security 9,485 37,874
Other creditors 106,265 199,664
152,026 290,292

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 4,912,750 4,912,750

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
22,731 Share capital 1 £1 22,731 22,731

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022 8,515,760
Revaluation movement 1,521,250
Deferred tax movement (1,297,979 )

At 31 March 2023 8,739,031

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
T C Bradshaw
Balance outstanding at start of year 52,349 61,583
Amounts advanced 258,286 171,157
Amounts repaid (258,775 ) (180,391 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,860 52,349

The loan was fully repaid post year end.