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REGISTERED NUMBER: 01289879 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

J M FARMS LIMITED

J M FARMS LIMITED (REGISTERED NUMBER: 01289879)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J M FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: J S Mitchell
Mrs J Mitchell





SECRETARY: J S Mitchell





REGISTERED OFFICE: Broughton Ground House
Broughton Ground Lane
Newport Pagnell
Buckinghamshire
MK16 0HZ





REGISTERED NUMBER: 01289879 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

J M FARMS LIMITED (REGISTERED NUMBER: 01289879)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 69,364 64,394
Cash at bank 11,390 16,096
80,754 80,490
CREDITORS
Amounts falling due within one year 6 156,471 156,292
NET CURRENT LIABILITIES (75,717 ) (75,802 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(75,717

)

(75,802

)

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (75,719 ) (75,804 )
SHAREHOLDERS' FUNDS (75,717 ) (75,802 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 29 August 2024 and were signed on its behalf by:





J S Mitchell - Director


J M FARMS LIMITED (REGISTERED NUMBER: 01289879)

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

1. STATUTORY INFORMATION

J M 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 (£).


Monetary amounts in the financial statements have been rounded to the nearest whole £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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.

Going concern
At the balance sheet date the company had a deficit on shareholders funds. These financial statements have however been prepared on the going concern basis as the director has confirmed he will continue to provide the necessary financial support to enable the company to meet its debts as they fall due for a period of at least 12 months from the date of approval of these financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 7,100 4,600
Loan to T&C Properties (GB) 61,092 59,794
Prepayments and accrued income 1,172 -
69,364 64,394

J M FARMS LIMITED (REGISTERED NUMBER: 01289879)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 139,676 139,676
Tax 20 271
VAT 13,821 13,511
Directors' loan accounts 54 84
Accrued expenses 2,900 2,750
156,471 156,292

7. CALLED UP SHARE CAPITAL

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

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Mr J S Mitchell by virtue of his shareholding in the parent company.