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REGISTERED NUMBER: 05915466 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 September 2024

for

SJR Farming Limited

SJR Farming Limited (Registered number: 05915466)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJR Farming Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S J R Philpot
P J H Philpot





REGISTERED OFFICE: Office 6E
Dollymans Farm
Doublegate Lane
Wickford
Essex
SS11 8UD





REGISTERED NUMBER: 05915466 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

SJR Farming Limited (Registered number: 05915466)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,438,206 11,670,759
Investment property 5 26,065,696 23,697,977
38,503,902 35,368,736

CURRENT ASSETS
Stocks 6 153,024 122,585
Debtors 7 1,253,029 975,357
Cash at bank and in hand 518,980 1,203,325
1,925,033 2,301,267
CREDITORS
Amounts falling due within one year 8 1,379,498 1,290,433
NET CURRENT ASSETS 545,535 1,010,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,049,437

36,379,570

PROVISIONS FOR LIABILITIES 4,275,623 3,923,292
NET ASSETS 34,773,814 32,456,278

CAPITAL AND RESERVES
Called up share 9 102 102
Share premium 6,515,692 6,515,692
Other reserves 6,319,057 6,305,605
Undistributable profits 11,861,748 11,122,170
Retained earnings 10,077,215 8,512,709
SHAREHOLDERS' FUNDS 34,773,814 32,456,278

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

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

SJR Farming Limited (Registered number: 05915466)

Balance Sheet - continued
30 September 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 December 2024 and were signed on its behalf by:





S J R Philpot - Director


SJR Farming Limited (Registered number: 05915466)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

SJR Farming 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 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.

Tangible fixed assets
Freehold land is not depreciated. Assets under construction are not depreciated until they are brought into use. Freehold buildings are depreciated at rates of between 5% and 15% on cost. Plant and machinery is depreciated at rates of between 5% and 25% on cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


SJR Farming Limited (Registered number: 05915466)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Assets
Freehold Plant and under
property machinery construction Totals
£    £    £    £   
COST
At 1 October 2023 10,405,995 3,346,400 988,590 14,740,985
Additions 528,320 618,817 817,222 1,964,359
Disposals - (187,814 ) - (187,814 )
Reclassification/transfer 4,337 - (706,117 ) (701,780 )
At 30 September 2024 10,938,652 3,777,403 1,099,695 15,815,750
DEPRECIATION
At 1 October 2023 1,074,310 1,995,916 - 3,070,226
Charge for year 59,226 412,135 - 471,361
Eliminated on disposal - (164,043 ) - (164,043 )
At 30 September 2024 1,133,536 2,244,008 - 3,377,544
NET BOOK VALUE
At 30 September 2024 9,805,116 1,533,395 1,099,695 12,438,206
At 30 September 2023 9,331,685 1,350,484 988,590 11,670,759

If freehold trading property had not been revalued, the cost at the year end would have been £6,533,762 (2023: £6,001,105).

SJR Farming Limited (Registered number: 05915466)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 23,697,977
Additions 665,939
Revaluations 1,000,000
Reclassification/transfer 701,780
At 30 September 2024 26,065,696
NET BOOK VALUE
At 30 September 2024 26,065,696
At 30 September 2023 23,697,977

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2014 7,202,260
Valuation in 2020 1,000,000
Valuation in 2021 5,092,108
Valuation in 2023 1,000,000
Valuation in 2024 1,000,000
Cost 10,771,328
26,065,696

Investment property was valued on an open market value basis on 30 September 2024 by the directors.

If investment property had been stated at cost, the amount at the year end would have been £10,771,328 (2023: £9,403,609).

6. STOCKS
30.9.24 30.9.23
£    £   
Valuation 153,024 122,585

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 524,541 325,546
Related party loan - Bloor
option 338,471 227,870
Owed by related undertakings 204,977 236,432
Related party loan - battery storage 12,960 12,960
Prepayments and accrued income 172,080 172,549
1,253,029 975,357

SJR Farming Limited (Registered number: 05915466)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 223,320 143,172
Amounts owed to related party 302,498 282,404
Tax 297,983 213,112
VAT 9,707 45,360
Other creditors 258,625 230,333
Directors' loan accounts 115,165 172,820
Accruals and deferred income 172,200 203,232
1,379,498 1,290,433

9. CALLED UP SHARE

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
102 Ordinary 1 102 102