Company registration number 08397905 (England and Wales)
J & L A HAIMES LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
J & L A HAIMES LTD.
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
J & L A HAIMES LTD.
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
5,829
Tangible assets
5
99,826
103,189
Investment property
4
70,100
70,100
169,926
179,118
Current assets
Stocks
19,124
145,520
Debtors
6
24,923
40,532
Cash at bank and in hand
353,498
291,734
397,545
477,786
Creditors: amounts falling due within one year
7
(73,602)
(252,609)
Net current assets
323,943
225,177
Total assets less current liabilities
493,869
404,295
Provisions for liabilities
(25,808)
(26,142)
Net assets
468,061
378,153
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
467,961
378,053
Total equity
468,061
378,153

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

J & L A HAIMES LTD.
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 28 March 2025
Mr J W Haimes
Director
Company registration number 08397905 (England and Wales)
J & L A HAIMES LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

J & L A Haimes Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3
Entitlements

Intangible assets comprise farming subsidy and other entitlements acquired. They are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
10% straight line
Plant and machinery
20% reducing balance
Tractors
20% reducing balance
Motor vehicles
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

J & L A HAIMES LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Stocks

Stock is measured at the lower of cost and net realisable value. Where animals have been home-reared and not purchased and actual cost cannot be identified, deemed cost has been used in accordance with HMRC guidance IR 232.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
J & L A HAIMES LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
3
Intangible fixed assets
Other
£
Cost
At 1 October 2023
10,259
Disposals
(10,259)
At 30 September 2024
-
0
Amortisation and impairment
At 1 October 2023
4,430
Disposals
(4,430)
At 30 September 2024
-
0
Carrying amount
At 30 September 2024
-
0
At 30 September 2023
5,829
4
Investment property
2024
£
Fair value
At 1 October 2023 and 30 September 2024
70,100

The fair value of the investment property has been arrived at based on an assessment undertaken by the directors at the period end. The valuation was made on a replacement cost basis.

J & L A HAIMES LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
5
Tangible fixed assets
Leasehold properties
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2023
14,897
195,938
210,835
Additions
1,910
36,111
38,021
Disposals
-
0
(34,801)
(34,801)
At 30 September 2024
16,807
197,248
214,055
Depreciation and impairment
At 1 October 2023
529
107,117
107,646
Depreciation charged in the year
1,686
13,495
15,181
Eliminated in respect of disposals
-
0
(8,598)
(8,598)
At 30 September 2024
2,215
112,014
114,229
Carrying amount
At 30 September 2024
14,592
85,234
99,826
At 30 September 2023
14,368
88,821
103,189
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
20,540
32,310
Other debtors
4,383
8,222
24,923
40,532
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,587
13,484
Other taxation and social security
31,540
19,560
Other creditors
36,475
219,565
73,602
252,609
Included in other creditors are:
- Directors loan accounts balance £30,116 (2023: £213,007)
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