John Caswell Limited 01486604 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of cattle farming. Digita Accounts Production Advanced 6.30.9574.0 true 01486604 2023-04-01 2024-03-31 01486604 2024-03-31 01486604 core:RetainedEarningsAccumulatedLosses 2024-03-31 01486604 core:ShareCapital 2024-03-31 01486604 core:SharePremium 2024-03-31 01486604 core:CurrentFinancialInstruments 2024-03-31 01486604 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01486604 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 01486604 core:MoreThanFiveYears 1 2024-03-31 01486604 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 01486604 core:PlantMachinery 2024-03-31 01486604 bus:SmallEntities 2023-04-01 2024-03-31 01486604 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01486604 bus:FilletedAccounts 2023-04-01 2024-03-31 01486604 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01486604 bus:RegisteredOffice 2023-04-01 2024-03-31 01486604 bus:Director2 2023-04-01 2024-03-31 01486604 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01486604 core:LandBuildings 2023-04-01 2024-03-31 01486604 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01486604 core:PlantMachinery 2023-04-01 2024-03-31 01486604 countries:EnglandWales 2023-04-01 2024-03-31 01486604 2023-03-31 01486604 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 01486604 core:PlantMachinery 2023-03-31 01486604 2022-04-01 2023-03-31 01486604 2023-03-31 01486604 core:RetainedEarningsAccumulatedLosses 2023-03-31 01486604 core:ShareCapital 2023-03-31 01486604 core:SharePremium 2023-03-31 01486604 core:CurrentFinancialInstruments 2023-03-31 01486604 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01486604 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 01486604 core:MoreThanFiveYears 1 2023-03-31 01486604 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 01486604 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 01486604

John Caswell Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

John Caswell Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

John Caswell Limited

(Registration number: 01486604)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

872,314

734,304

Current assets

 

Stocks

90,203

100,300

Debtors

5

6,885

11,625

 

97,088

111,925

Creditors: Amounts falling due within one year

6

(105,888)

(68,725)

Net current (liabilities)/assets

 

(8,800)

43,200

Total assets less current liabilities

 

863,514

777,504

Creditors: Amounts falling due after more than one year

6

(286,186)

(197,759)

Provisions for liabilities

(17,180)

(17,497)

Net assets

 

560,148

562,248

Capital and reserves

 

Called up share capital

2,500

2,500

Share premium reserve

11,500

11,500

Retained earnings

546,148

548,248

Shareholders' funds

 

560,148

562,248

 

John Caswell Limited

(Registration number: 01486604)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 November 2024 and signed on its behalf by:
 

.........................................
Mr G Caswell
Director

 

John Caswell Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
West View
Upper Wanborough
Swindon
Wiltshire
SN4 0DQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

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 £.

Revenue recognition

Turnover represents amounts receivable , net of VAT, for subsidies, the sale of livestock and crops.

Revenue from the sale of goods which includes livestock, is recognised when the significant risks and rewards of ownership have passed to the buyer.

Revenue from agricultural subsidies is recognised when amounts receivable can be estimated reliably.

Tax

The tax expense for the period comprises current tax and deferred taxation.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

John Caswell Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings freehold

10% reducing balance

Plant and machinery

25% reducing balance

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

The farm stock valuation is stated at the lower of cost and net realisable value, or in the case of reared livestock at deemed cost.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Employee benefits
 

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

John Caswell Limited

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

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

721,444

226,042

947,486

Additions

143,724

17,016

160,740

At 31 March 2024

865,168

243,058

1,108,226

Depreciation

At 1 April 2023

57,128

156,054

213,182

Charge for the year

4,445

18,285

22,730

At 31 March 2024

61,573

174,339

235,912

Carrying amount

At 31 March 2024

803,595

68,719

872,314

At 31 March 2023

664,316

69,988

734,304

5

Debtors

2024
£

2023
£

Trade debtors

66

881

Prepayments

2,337

4,112

Other debtors

4,482

6,632

6,885

11,625

 

John Caswell Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

42,629

26,941

Trade creditors

 

12,875

2,100

Taxation and social security

 

1,068

7,357

Other creditors

 

49,316

32,327

 

105,888

68,725

AMC loans are secured by mortgages over the company's property and other assets.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

151,032

197,759

2024
£

2023
£

Due after more than five years

After more than five years by instalments

135,154

93,557

-

-

AMC loans are secured by mortgages over the company's property and other assets. The loans are being repaid by monthly instalments which are as follows:
Loan no 1. Fixed monthly repayment of £1,889.27. Interest charged is at 6.40%
Loan no 2. Variable monthly repayment and variable interest. At the balance sheet date the monthly repayment was £1,135.45 and Interest charged was at 8.25%
Loan no 3. Variable monthly repayment and variable interest. At the balance sheet date the monthly repayment was £1,489.50 and the interest charged was at 8.34%.