10301112falseFarmers2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:MotorCars2023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22023-04-012024-03-31http://www.companieshouse.gov.uk/pt:MotorCars2024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10301112

C.A.R. & J.M.Stubbs Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

C.A.R. & J.M.Stubbs Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Jean Mavis Stubbs
Matthew James George Stubbs
REGISTERED OFFICE
Manor Farm
Scupholme
Louth
Lincolnshire
LN11 7EJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10301112
BANKERS
Barclays Bank PLC
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

C.A.R. & J.M.Stubbs Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

C.A.R. & J.M.Stubbs Ltd

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets32,899,2892,908,262
CURRENT ASSETS
Stock58,615116,366
Debtors549,93834,146
Cash at bank and in hand34,90140,392
143,454190,904
CREDITORS: Amounts falling due within one year6398,842401,716
NET CURRENT LIABILITIES(255,388)(210,812)
TOTAL ASSETS LESS CURRENT LIABILITIES2,643,9012,697,450
CREDITORS: Amounts falling due after more than one year7623,350633,606
PROVISIONS FOR LIABILITIES AND CHARGES8275,315
NET ASSETS2,020,5242,058,529
CAPITAL AND RESERVES
Called up share capital92,000,1002,000,100
Profit and loss account20,42458,429
SHAREHOLDERS' FUNDS2,020,5242,058,529
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 02/10/2024 and signed on their behalf by
.............................
Matthew James George Stubbs
Director

C.A.R. & J.M.Stubbs Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
Although the company had net current liabilities as at 31 March 2022 the accounts have been prepared on the going concern basis. Included in creditors falling due within one year is a loan from the directors of £375,457 (2021: £375,515). The directors will not request repayment of this loan until the company is in a position to repay the loan without affecting trading.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant And Machineryreducing balance15%
Commercial Vehiclesreducing balance25%
Motor Carsreducing balance25%
1d. Stocks
Stocks represent the annual farm valuation which has been valued by the directors at the lower of cost and net realisable value.
1e. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

C.A.R. & J.M.Stubbs Ltd

1f. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their estimated useful lives. Assets acquired under hire purchase contracts are depreciated over their estimated useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
1g. Basic Payment Scheme
The Basic Payment Scheme is recognised in the financial statements in accordance with current HM Revenue & Customs guidance.
2. EMPLOYEES
20242023
No.No.
Average number of employees12
3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercial
BuildingsMachineryVehiclesMotor CarsTotal
£££££
Cost
At 01/04/20232,865,00034,43579,5006,4002,985,335
Disposals-(309)--(309)
At 31/03/20242,865,00034,12679,5006,4002,985,026
Depreciation
At 01/04/2023-14,99556,8175,26177,073
Disposals-(189)--(189)
For the year-2,8985,6702858,853
At 31/03/2024-17,70462,4875,54685,737
Net Book Amounts
At 31/03/20242,865,00016,42217,0138542,899,289
At 31/03/20232,865,00019,44022,6831,1392,908,262
4. STOCK 20242023
££
Stock comprises:
Stock58,615116,366
58,615116,366

C.A.R. & J.M.Stubbs Ltd

5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors14,525465
VAT3,1675,036
Other debtors28,50028,500
Prepayments3,746145
49,93834,146
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-200
PAYE control7986
Directors current account371,211369,673
Bank Loan10,2404,937
Trade creditors8,32021,875
Accruals8,9924,945
398,842401,716
The bank loan of £10,240 (2023: £4,937) has been provided to the company under the Bounce Back Loan scheme.
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) - 1-2 years65810,239
Bank loans (secured) >1yr402,692402,692
Bank loans (unsecured) - 2-5 years -675
Loans >1yr220,000220,000
623,350633,606
The unsecured bank loan of £10,914 (2022: £15,933) has been provided to the company under the Bounce Back Loan scheme.

C.A.R. & J.M.Stubbs Ltd

8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation275,315
275,315
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
2,000,000 Redeemable Preference of £1.00 each2,000,0002,000,000
2,000,1002,000,100