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REGISTERED NUMBER: 00528998 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

A.S. JOHNSON AND SON LIMITED

A.S. JOHNSON AND SON LIMITED (REGISTERED NUMBER: 00528998)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.S. JOHNSON AND SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R J Johnson
Mrs F Johnson





SECRETARY: Mrs F Johnson





REGISTERED OFFICE: Lode Hall
Silt Road
Three Holes
Wisbech
Cambridgeshire
PE14 9JW





REGISTERED NUMBER: 00528998 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

A.S. JOHNSON AND SON LIMITED (REGISTERED NUMBER: 00528998)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 675,564 708,633
Investments 6 - 1,020
Investment property 7 433,333 325,000
1,108,897 1,034,653

CURRENT ASSETS
Stocks 28,775 26,950
Debtors 8 1,422 2,117
Cash at bank 8,939 42,685
39,136 71,752
CREDITORS
Amounts falling due within one year 9 46,422 38,822
NET CURRENT (LIABILITIES)/ASSETS (7,286 ) 32,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,101,611

1,067,583

CREDITORS
Amounts falling due after more than one
year

10

(1,012,068

)

(1,019,167

)

PROVISIONS FOR LIABILITIES (36,066 ) (7,969 )
NET ASSETS 53,477 40,447

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 316,416 236,180
Retained earnings (272,939 ) (205,733 )
SHAREHOLDERS' FUNDS 53,477 40,447

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

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

A.S. JOHNSON AND SON LIMITED (REGISTERED NUMBER: 00528998)

BALANCE SHEET - continued
30 JUNE 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 28 March 2025 and were signed on its behalf by:





R J Johnson - Director


A.S. JOHNSON AND SON LIMITED (REGISTERED NUMBER: 00528998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

A.S. Johnson and Son 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.

At the balance sheet date the company had net current liabilities of £7,286 by virtue of its total current liabilities exceeding its total current assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and have confirmed their continuing support for the company in writing.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Lodges - Straight line over 50 years
Farm improvements - 25% on reducing balance
Leasehold property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Office equipment - 20% reducing balance
Motor vehicles - 25% on reducing balance
Caravan park equipment - 20% reducing balance

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.

The investment property has been included at a directors' valuation of £433,333 (2023 - £325,000). Fair value is determined by considering local market data such as rental yields, location, condition and nature of the property.

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

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.


A.S. JOHNSON AND SON LIMITED (REGISTERED NUMBER: 00528998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 525
AMORTISATION
At 1 July 2023
and 30 June 2024 525
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

A.S. JOHNSON AND SON LIMITED (REGISTERED NUMBER: 00528998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Freehold Farm Leasehold
property Lodges improvements property
£    £    £    £   
COST
At 1 July 2023 72,922 563,653 52,244 199,321
Additions 6,424 - - 4,072
Disposals - - - -
At 30 June 2024 79,346 563,653 52,244 203,393
DEPRECIATION
At 1 July 2023 - 71,834 50,075 119,592
Charge for year - 11,273 542 20,339
Eliminated on disposal - - - -
At 30 June 2024 - 83,107 50,617 139,931
NET BOOK VALUE
At 30 June 2024 79,346 480,546 1,627 63,462
At 30 June 2023 72,922 491,819 2,169 79,729

Caravan
Plant and Office Motor park
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 110,487 3,790 22,500 107,581 1,132,498
Additions 367 278 - 1,833 12,974
Disposals - - - (661 ) (661 )
At 30 June 2024 110,854 4,068 22,500 108,753 1,144,811
DEPRECIATION
At 1 July 2023 90,443 3,031 22,224 66,666 423,865
Charge for year 5,034 208 69 8,393 45,858
Eliminated on disposal - - - (476 ) (476 )
At 30 June 2024 95,477 3,239 22,293 74,583 469,247
NET BOOK VALUE
At 30 June 2024 15,377 829 207 34,170 675,564
At 30 June 2023 20,044 759 276 40,915 708,633

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.6.24 30.6.23
£    £   
Investments - 1,020

A.S. JOHNSON AND SON LIMITED (REGISTERED NUMBER: 00528998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 325,000
Revaluations 108,333
At 30 June 2024 433,333
NET BOOK VALUE
At 30 June 2024 433,333
At 30 June 2023 325,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 352,482
Cost 80,851
433,333

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 80,851 80,851

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 1,422 2,117

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 9,745 10,000
Trade creditors 15,897 9,919
Taxation and social security 10,174 7,517
Other creditors 10,606 11,386
46,422 38,822

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 12,068 19,167
Other creditors 1,000,000 1,000,000
1,012,068 1,019,167

A.S. JOHNSON AND SON LIMITED (REGISTERED NUMBER: 00528998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 2,138 3,352
Between one and five years - 1,956
2,138 5,308

12. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Other loans 1,000,000 1,000,000

Assets acquired under hire purchase agreements remain the property of the finance company until the agreement is complete.

The loan is secured by a debenture in favour of Rural Asset Finance Limited by way of fixed and floating charges over the assets of the company. Additionally, further third party security has been provided by the directors.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
R J Johnson and Mrs F Johnson
Balance outstanding at start of year - -
Amounts advanced 4,358 128,250
Amounts repaid (4,358 ) (128,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -