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REGISTERED NUMBER: 09065730 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

JS CROP LIMITED

JS CROP LIMITED (REGISTERED NUMBER: 09065730)

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


JS CROP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Lord Northbourne
D H Solley





REGISTERED OFFICE: Northbourne Court
Northbourne
Deal
Kent
CT14 0LW





REGISTERED NUMBER: 09065730 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS

JS CROP LIMITED (REGISTERED NUMBER: 09065730)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 804,702 759,988

CURRENT ASSETS
Stocks 10,271 16,570
Debtors 5 333,142 205,094
343,413 221,664
CREDITORS
Amounts falling due within one year 6 385,285 373,109
NET CURRENT LIABILITIES (41,872 ) (151,445 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

762,830

608,543

CREDITORS
Amounts falling due after more than one year 7 (179,976 ) (130,431 )

PROVISIONS FOR LIABILITIES 9 (152,150 ) (144,398 )
NET ASSETS 430,704 333,714

CAPITAL AND RESERVES
Called up share capital 300,000 300,000
Retained earnings 130,704 33,714
SHAREHOLDERS' FUNDS 430,704 333,714

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.

JS CROP LIMITED (REGISTERED NUMBER: 09065730)

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 30 November 2023 and were signed on its behalf by:





Lord Northbourne - Director


JS CROP LIMITED (REGISTERED NUMBER: 09065730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

JS Crop 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance and at variable rates on reducing balance

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.

JS CROP LIMITED (REGISTERED NUMBER: 09065730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 1,395,058
Additions 322,000
Disposals (295,500 )
At 31 March 2023 1,421,558
DEPRECIATION
At 1 April 2022 635,070
Charge for year 153,952
Eliminated on disposal (172,166 )
At 31 March 2023 616,856
NET BOOK VALUE
At 31 March 2023 804,702
At 31 March 2022 759,988

JS CROP LIMITED (REGISTERED NUMBER: 09065730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 996,741
Additions 322,000
Disposals (273,500 )
At 31 March 2023 1,045,241
DEPRECIATION
At 1 April 2022 411,013
Charge for year 122,671
Eliminated on disposal (154,798 )
At 31 March 2023 378,886
NET BOOK VALUE
At 31 March 2023 666,355
At 31 March 2022 585,728

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 169,845 47,551
Other debtors 163,297 157,543
333,142 205,094

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 136,414 106,231
Hire purchase contracts 122,455 137,868
Trade creditors 118,604 115,789
Taxation and social security - 7,907
Other creditors 7,812 5,314
385,285 373,109

JS CROP LIMITED (REGISTERED NUMBER: 09065730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 179,976 130,431

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 302,431 268,299

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 152,150 144,398

Deferred
tax
£   
Balance at 1 April 2022 144,398
Provided during year 7,752
Balance at 31 March 2023 152,150

10. RELATED PARTY DISCLOSURES

Grange Farms Limited
Shareholder

During the year JS Crop Limited provided services to Grange Farms Limited totalling £145,748 (2022 - 138,257).

As at the balance sheet date JS Crop Limited owed Grange Farms Limited £196 (2022 - £2,940).

Betteshanger Farms Limited
Shareholder

As at the balance sheet date JS Crop Limited owed Betteshanger Farms Limited £60,840 (2022 - £60,840).

Northbourne Farms
An entity owned by one of the directors

During the year JS Crop Limited provided services to Northbourne Farms totalling £250,861 (2022 - £238,869).

As at the balance sheet date Northbourne Farm owed JS Crop Limited £37,787 (2022 - £76,038).