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REGISTERED NUMBER: 00694089 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

J ATKINSON (EAST MEON) LIMITED

J ATKINSON (EAST MEON) LIMITED (REGISTERED NUMBER: 00694089)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J ATKINSON (EAST MEON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: Michael Joseph Atkinson
Mrs Jane Elizabeth Atkinson
Matthew Joseph Atkinson
Nicholas Michael Atkinson



SECRETARY: Mrs Susan Jane Atkinson



REGISTERED OFFICE: South Farm
East Meon
Petersfield
Hampshire
GU32 1EZ



REGISTERED NUMBER: 00694089 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: National Westminster Bank Plc
4 High Street
Petersfield
Hampshire
GU32 3JF

J ATKINSON (EAST MEON) LIMITED (REGISTERED NUMBER: 00694089)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,623,231 14,477,661
Investments 5 2,392 2,392
14,625,623 14,480,053

CURRENT ASSETS
Stocks 353,499 276,382
Debtors 6 55,707 122,495
Cash at bank 209,669 122,750
618,875 521,627
CREDITORS
Amounts falling due within one year 7 335,033 268,590
NET CURRENT ASSETS 283,842 253,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,909,465

14,733,090

CREDITORS
Amounts falling due after more than one
year

8

(1,765,668

)

(1,460,000

)

PROVISIONS FOR LIABILITIES (125,137 ) (109,174 )
NET ASSETS 13,018,660 13,163,916

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 11,524,639 11,524,639
Retained earnings 1,493,021 1,638,277
SHAREHOLDERS' FUNDS 13,018,660 13,163,916

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 ATKINSON (EAST MEON) LIMITED (REGISTERED NUMBER: 00694089)

BALANCE SHEET - continued
31ST MAY 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 13th February 2025 and were signed on its behalf by:





Nicholas Michael Atkinson - Director


J ATKINSON (EAST MEON) LIMITED (REGISTERED NUMBER: 00694089)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

J Atkinson (East Meon) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost and nil
Vehicles, tractors & equipment - 20% on reducing balance
Office equipment - 33.33% on cost and 20% on reducing balance

Valuation
The valuation is prepared on the basis of the lower of cost and net realisable value at cost of production by professional valuers BCM Bays Curry McCowen LLP. Cost of production includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

J ATKINSON (EAST MEON) LIMITED (REGISTERED NUMBER: 00694089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Vehicles,
Freehold tractors Office
property & equipment equipment Totals
£    £    £    £   
COST
At 1st June 2023 13,903,079 1,980,658 14,149 15,897,886
Additions 63,666 241,038 - 304,704
Disposals - (99,240 ) - (99,240 )
At 31st May 2024 13,966,745 2,122,456 14,149 16,103,350
DEPRECIATION
At 1st June 2023 - 1,406,147 14,078 1,420,225
Charge for year - 127,428 71 127,499
Eliminated on disposal - (67,605 ) - (67,605 )
At 31st May 2024 - 1,465,970 14,149 1,480,119
NET BOOK VALUE
At 31st May 2024 13,966,745 656,486 - 14,623,231
At 31st May 2023 13,903,079 574,511 71 14,477,661

J ATKINSON (EAST MEON) LIMITED (REGISTERED NUMBER: 00694089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Vehicles,
tractors
& equipment
£   
COST
At 1st June 2023 487,785
Additions 22,094
Transfer to ownership (470,185 )
At 31st May 2024 39,694
DEPRECIATION
At 1st June 2023 224,094
Charge for year 50,323
Transfer to ownership (273,312 )
At 31st May 2024 1,105
NET BOOK VALUE
At 31st May 2024 38,589
At 31st May 2023 263,691

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st June 2023
and 31st May 2024 2,392
NET BOOK VALUE
At 31st May 2024 2,392
At 31st May 2023 2,392

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 352 10,199
Other debtors 55,355 112,296
55,707 122,495

J ATKINSON (EAST MEON) LIMITED (REGISTERED NUMBER: 00694089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 18,119 77,704
Trade creditors 173,946 44,048
Taxation and social security 2,720 2,273
Other creditors 140,248 144,565
335,033 268,590

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,765,668 1,460,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,765,668 1,460,000

9. RESERVES
Revaluation
reserve
£   
At 1st June 2023
and 31st May 2024 11,524,639

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mrs J E Atkinson (director) has a lease in respect of a building owned by the company. The company received rent of £20,000 during the year under the terms of this lease.