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REGISTERED NUMBER: 06839490 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

James Jardine Longtown Limited

James Jardine Longtown Limited (Registered number: 06839490)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James Jardine Longtown Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R P Fisher
Mrs M R Fisher





REGISTERED OFFICE: Smalmstown Farm
Longtown
Carlisle
Cumbria
CA6 5LH





REGISTERED NUMBER: 06839490 (England and Wales)





ACCOUNTANTS: Benson Accountants
Wiza House
Station Road
Wigton
Cumbria
CA7 9BA

James Jardine Longtown Limited (Registered number: 06839490)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 522,765 522,765

CURRENT ASSETS
Debtors 5 3,975 12,650
Cash at bank 15,232 163,031
19,207 175,681
CREDITORS
Amounts falling due within one year 6 472,607 629,436
NET CURRENT LIABILITIES (453,400 ) (453,755 )
TOTAL ASSETS LESS CURRENT LIABILITIES 69,365 69,010

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,265 68,910
SHAREHOLDERS' FUNDS 69,365 69,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

James Jardine Longtown Limited (Registered number: 06839490)

Balance Sheet - continued
31 March 2024


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 18 July 2024 and were signed on its behalf by:




Mr R P Fisher - Director



Mrs M R Fisher - Director


James Jardine Longtown Limited (Registered number: 06839490)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

James Jardine Longtown 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.

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.
Improvements to property - 10% on cost

Land is not depreciated. The residual values are regularly reviewed by the directors and where appropriate depreciation is charged.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 522,765 13,721 536,486
DEPRECIATION
At 1 April 2023
and 31 March 2024 - 13,721 13,721
NET BOOK VALUE
At 31 March 2024 522,765 - 522,765
At 31 March 2023 522,765 - 522,765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,975 12,650

James Jardine Longtown Limited (Registered number: 06839490)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 8,393 7,410
Other creditors 464,214 622,026
472,607 629,436

7. SECURED DEBTS

Lloyds Bank Plc hold a fixed and floating charge over the freehold property being 100 acres adojoining Smalmstown, Longtown, CA6 5LH.

8. RELATED PARTY DISCLOSURES

The company's land is used by Messrs Fisher, a farming partnership in which the directors of the company are partners. No rent was charged by the company during the year.

Included in other loans is a loan from Messrs Fisher amounting to £141,410 (2023 - £298,380). The loan is unsecured, interest free and repayable on demand.

The directors, Mr R P Fisher and Mrs M R Fisher, have a joint loan account with the company amounting to £321,088 (2023 - £322,088). The loan is interest free, unsecured and repayable on demand.