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REGISTERED NUMBER: 03690263 (England and Wales)












A & J ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






A & J ESTATES LIMITED (REGISTERED NUMBER: 03690263)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & J ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: A W C Gradidge
Mrs J C Gradidge
D C Gradidge
Miss K L Gradidge





REGISTERED OFFICE: Hawstead Farm
Hursley
Winchester
Hampshire
SO21 2LE





REGISTERED NUMBER: 03690263 (England and Wales)

A & J ESTATES LIMITED (REGISTERED NUMBER: 03690263)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 1,767,628 1,730,637
Investments 5 105 105
1,767,733 1,730,742

CURRENT ASSETS
Stocks 82,543 138,218
Debtors 6 452 7,156
Cash at bank and in hand 4 1,957
82,999 147,331
CREDITORS
Amounts falling due within one year 7 (465,786 ) (427,151 )
NET CURRENT LIABILITIES (382,787 ) (279,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,384,946

1,450,922

CREDITORS
Amounts falling due after more than one
year

8

(37,989

)

(24,600

)
NET ASSETS 1,346,957 1,426,322

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,346,956 1,426,321
1,346,957 1,426,322

A & J ESTATES LIMITED (REGISTERED NUMBER: 03690263)

BALANCE SHEET - continued
30 JUNE 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 22 February 2024 and were signed on its behalf by:





A W C Gradidge - Director


A & J ESTATES LIMITED (REGISTERED NUMBER: 03690263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

A & J Estates 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - not provided
Plant and machinery - Straight line over 10 years

No depreciation is provided on freehold land.

The accounting policy over freehold land and buildings is not in accordance with the provisions of the Companies Act 2006, that fixed assets with a finite life be depreciated. This is because any charge would be immaterial due to the high residual value of these assets. A depreciation provision is not required on the beef herd as the difference between cost and estimated residual value is insignificant.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Biological assets
Biological assets are measured under the cost model at each reporting date less costs to sell. Agricultural produce harvested from these biological assets is measured at the point of harvest less costs to sell.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


A & J ESTATES LIMITED (REGISTERED NUMBER: 03690263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
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.

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

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

A & J ESTATES LIMITED (REGISTERED NUMBER: 03690263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Freehold Improvements Plant and
property to property machinery Totals
£ £ £ £
COST
At 1 July 2022 639,174 1,026,678 139,478 1,805,330
Additions - - 90,199 90,199
Disposals - - (70,251 ) (70,251 )
At 30 June 2023 639,174 1,026,678 159,426 1,825,278
DEPRECIATION
At 1 July 2022 - - 74,693 74,693
Charge for year - - 9,633 9,633
Eliminated on disposal - - (26,676 ) (26,676 )
At 30 June 2023 - - 57,650 57,650
NET BOOK VALUE
At 30 June 2023 639,174 1,026,678 101,776 1,767,628
At 30 June 2022 639,174 1,026,678 64,785 1,730,637

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 July 2022
and 30 June 2023 105
NET BOOK VALUE
At 30 June 2023 105
At 30 June 2022 105

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors - 6,160
Other debtors 452 996
452 7,156

A & J ESTATES LIMITED (REGISTERED NUMBER: 03690263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 73,514 12,254
Hire purchase contracts 10,713 10,500
Trade creditors 16,941 11,833
Taxation and social security 1,053 1,060
Other creditors 363,565 391,504
465,786 427,151

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 14,111 24,600
Hire purchase contracts 23,878 -
37,989 24,600

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank overdraft 65,317 -
Bank loans 22,308 36,854
Hire purchase contracts 34,591 10,500
122,216 47,354

The hire purchase contracts are secured upon the assets to which they relate.

The company bank account is secured by a fixed and floating charge over the company's property.

The company has benefited from the UK government's provision of security for 100% of the Bounce Back Loan.