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REGISTERED NUMBER: 03160768 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

J A EARLE (FARMS) LIMITED

J A EARLE (FARMS) LIMITED (REGISTERED NUMBER: 03160768)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J A EARLE (FARMS) LIMITED

Company Information
for the year ended 30 April 2024







DIRECTORS: J A Earle
H L Johnson





SECRETARY: H L Johnson





REGISTERED OFFICE: Bolton Grange
Bolton-on-Swale
RICHMOND
North Yorkshire
DL10 6AH





REGISTERED NUMBER: 03160768 (England and Wales)





ACCOUNTANTS: King Hope
31-33 Victoria Road
Darlington
Co. Durham
DL1 5SB

J A EARLE (FARMS) LIMITED (REGISTERED NUMBER: 03160768)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 9,199 11,355
9,200 11,356

CURRENT ASSETS
Stocks 16,487 50,526
Debtors 6 11,282 8,602
Cash at bank and in hand 377,949 342,925
405,718 402,053
CREDITORS
Amounts falling due within one year 7 29,547 29,818
NET CURRENT ASSETS 376,171 372,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,371

383,591

PROVISIONS FOR LIABILITIES 1,589 2,158
NET ASSETS 383,782 381,433

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Share premium 154,311 154,311
Retained earnings 129,471 127,122
SHAREHOLDERS' FUNDS 383,782 381,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

J A EARLE (FARMS) LIMITED (REGISTERED NUMBER: 03160768)

Balance Sheet - continued
30 April 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 6 January 2025 and were signed on its behalf by:





J A Earle - Director


J A EARLE (FARMS) LIMITED (REGISTERED NUMBER: 03160768)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

J A Earle (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 (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Farm Tenancies were amortised evenly over their estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Farm improvements - 10% on cost
Machinery and vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

J A EARLE (FARMS) LIMITED (REGISTERED NUMBER: 03160768)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Farm
Tenancies
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 78,400
AMORTISATION
At 1 May 2023
and 30 April 2024 78,399
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

Cost or valuation at 30 April 2024 is represented by:

Farm
Tenancies
£   
Valuation in 1996 78,400

5. TANGIBLE FIXED ASSETS
Machinery
Farm and
improvements vehicles Totals
£    £    £   
COST
At 1 May 2023 9,438 171,121 180,559
Additions 936 - 936
Disposals - (21,915 ) (21,915 )
At 30 April 2024 10,374 149,206 159,580
DEPRECIATION
At 1 May 2023 9,437 159,767 169,204
Charge for year 94 2,778 2,872
Eliminated on disposal - (21,695 ) (21,695 )
At 30 April 2024 9,531 140,850 150,381
NET BOOK VALUE
At 30 April 2024 843 8,356 9,199
At 30 April 2023 1 11,354 11,355

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Debtors and prepayments 11,282 8,602

J A EARLE (FARMS) LIMITED (REGISTERED NUMBER: 03160768)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 307 1,048
Tax 1,138 7,708
Social security and other taxes 1,643 1,265
Receipt in advance 20,718 12,978
Directors' current accounts 2,751 3,959
Accrued expenses 2,990 2,860
29,547 29,818