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REGISTERED NUMBER: 05278454 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

James Brothers Enterprises Limited

James Brothers Enterprises Limited (Registered number: 05278454)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James Brothers Enterprises Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C H James
Mrs D A James
G E James





SECRETARY: C H James





REGISTERED OFFICE: Williamston House
7 Goat Street
Haverfordwest
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 05278454 (England and Wales)

James Brothers Enterprises Limited (Registered number: 05278454)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,381,731 1,529,470
Investments 6 - 2
1,381,731 1,529,472

CURRENT ASSETS
Stocks 7 1,587,838 1,841,904
Debtors 8 750,011 196,618
2,337,849 2,038,522
CREDITORS
Amounts falling due within one year 9 570,245 370,227
NET CURRENT ASSETS 1,767,604 1,668,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,149,335

3,197,767

CREDITORS
Amounts falling due after more than one
year

10

(103,272

)

(187,124

)

PROVISIONS FOR LIABILITIES (228,111 ) (254,066 )
NET ASSETS 2,817,952 2,756,577

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,817,852 2,756,477
2,817,952 2,756,577

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

James Brothers Enterprises Limited (Registered number: 05278454)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:




C H James - Director



G E James - Director


James Brothers Enterprises Limited (Registered number: 05278454)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

James Brothers Enterprises 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.

Intangible assets
Entitlements are being 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.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Tractors - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stock and biological assets are included at the lower of cost and estimated selling price less costs to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

James Brothers Enterprises Limited (Registered number: 05278454)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 January 2024
and 31 December 2024 24,565
AMORTISATION
At 1 January 2024
and 31 December 2024 24,565
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Tractors Totals
£    £    £    £    £   
COST
At 1 January 2024 728,836 2,004,756 5,941 417,000 3,156,533
Additions 73,090 173,772 - - 246,862
Disposals - (53,095 ) - (145,000 ) (198,095 )
At 31 December 2024 801,926 2,125,433 5,941 272,000 3,205,300
DEPRECIATION
At 1 January 2024 280,497 1,130,768 4,718 211,080 1,627,063
Charge for year 52,143 169,874 886 17,984 240,887
Eliminated on disposal - (15,381 ) - (29,000 ) (44,381 )
At 31 December 2024 332,640 1,285,261 5,604 200,064 1,823,569
NET BOOK VALUE
At 31 December 2024 469,286 840,172 337 71,936 1,381,731
At 31 December 2023 448,339 873,988 1,223 205,920 1,529,470

James Brothers Enterprises Limited (Registered number: 05278454)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024 2
Disposals (2 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 2

The dormant subsidiary company was struck off the Register at Companies House on the 13th February 2024.

7. STOCKS
31.12.24 31.12.23
£    £   
Herd account 1,072,782 942,444
Livestock 478,680 839,460
Deadstock 36,376 60,000
1,587,838 1,841,904

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 209,312 150,055
Other debtors 33,417 -
Loan - Longhouse Ent. Ltd 286,690 -
Other debtors - 28,000
Directors' current accounts 184,528 -
VAT 36,064 18,563
750,011 196,618

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 47,531 24,129
Hire purchase contracts 92,494 102,433
Trade creditors 148,348 127,475
Tax 97,776 77,268
Social security and other taxes 4,819 4,725
Other creditors 2,512 1,328
Inter co loan - SHF Ltd 4,732 5,032
Directors' current accounts 20,000 24,577
Accrued expenses 152,033 3,260
570,245 370,227

James Brothers Enterprises Limited (Registered number: 05278454)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 9,167 10,000
Bank loans - 2-5 years - 9,167
Hire purchase contracts 94,105 167,957
103,272 187,124

11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank overdrafts 37,531 14,129
Hire purchase contracts 186,599 270,390
224,130 284,519

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
C H James and Mrs D A James
Balance outstanding at start of year (24,576 ) (434,163 )
Amounts advanced 574,998 515,275
Amounts repaid (365,895 ) (105,688 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 184,527 (24,576 )

Interest was paid at the HMRC official rate in respect of all overdrawn balances. The loan had been repaid in full as at the date of the approval of the Accounts.

13. RELATED PARTY DISCLOSURES

Stackpole Home Farm Ltd

A dividend of £46,800 was paid to the parent company, Stackpole Home Farm Ltd during the year ended 31st December 2024.

Longhouse Enterprises Ltd

During the year a loan was made to the company Longhouse Enterprises Ltd, a company in which the Directors CH James and GE James own 100% of the share capital. The loan is at a commercial rate of interest, calculated annually. As at the 31st December 2024, the amount due to James Brothers Enterprises Ltd totals £286,690.

In addition, stock totalling £142,200 was sold to Longhouse Enterprises Ltd and various transactions totalling £80,666 were purchased from Longhouse Enterprises Ltd. All transactions were on an arms length basis.

James Brothers Enterprises Limited (Registered number: 05278454)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

14. ULTIMATE CONTROLLING PARTY

As at the balance sheet date, Stackpole Home Farm Ltd (company number 12428773) owns 100% of the share capital in James Brothers Enterprises Ltd. The directors, Mr C H James, Mrs D A James and Mr G E James, own 100% of the share capital in Stackpole Home Farm Ltd .