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REGISTERED NUMBER: 08838430 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

JB OLD LIMITED

JB OLD LIMITED (REGISTERED NUMBER: 08838430)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JB OLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: J B Old
Mrs S L Old





REGISTERED OFFICE: Treyarnon Bay Holiday Park
Treyarnon Bay
Padstow
Cornwall
PL28 8JR





REGISTERED NUMBER: 08838430 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

JB OLD LIMITED (REGISTERED NUMBER: 08838430)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,053,592 2,642,869

CURRENT ASSETS
Stocks 103,200 -
Debtors 5 241,787 477,047
Cash at bank and in hand 556,318 1,594,874
901,305 2,071,921
CREDITORS
Amounts falling due within one year 6 285,261 240,650
NET CURRENT ASSETS 616,044 1,831,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,669,636

4,474,140

PROVISIONS FOR LIABILITIES 153,938 127,869
NET ASSETS 4,515,698 4,346,271

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,515,598 4,346,171
SHAREHOLDERS' FUNDS 4,515,698 4,346,271

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

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

JB OLD LIMITED (REGISTERED NUMBER: 08838430)

BALANCE SHEET - continued
31 OCTOBER 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 13 June 2025 and were signed on its behalf by:




J B Old - Director



Mrs S L Old - Director


JB OLD LIMITED (REGISTERED NUMBER: 08838430)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

JB Old 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.
Short leasehold - Straight line over 20 years
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

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.

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.

JB OLD LIMITED (REGISTERED NUMBER: 08838430)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 November 2023 1,747,546 458,396 1,148,659
Additions 1,386,554 - 101,014
At 31 October 2024 3,134,100 458,396 1,249,673
DEPRECIATION
At 1 November 2023 - 145,192 587,941
Charge for year - 22,920 99,280
At 31 October 2024 - 168,112 687,221
NET BOOK VALUE
At 31 October 2024 3,134,100 290,284 562,452
At 31 October 2023 1,747,546 313,204 560,718

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 64,563 5,145 3,424,309
Additions 68,016 - 1,555,584
At 31 October 2024 132,579 5,145 4,979,893
DEPRECIATION
At 1 November 2023 46,856 1,451 781,440
Charge for year 21,430 1,231 144,861
At 31 October 2024 68,286 2,682 926,301
NET BOOK VALUE
At 31 October 2024 64,293 2,463 4,053,592
At 31 October 2023 17,707 3,694 2,642,869

The land and Buildings have not been revalued as the directors consider that the fair value of these is cost.

JB OLD LIMITED (REGISTERED NUMBER: 08838430)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 3,540 8,299
Other debtors 77,010 193,458
Directors' current accounts 59,487 181,918
Tax 93,372 93,372
Prepayments 8,378 -
241,787 477,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 59,525 28,292
Net wages due 14,504 11,784
Corporation tax 120,444 137,809
Social security and other taxes 22,405 15,700
Other creditors 2,508 20
Accrued expenses 65,875 47,045
285,261 240,650

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.10.24 31.10.23
£    £   
J B Old and Mrs S L Old
Balance outstanding at start of year 181,918 285,008
Amounts advanced 4,969 5,310
Amounts repaid (127,400 ) (108,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,487 181,918

Interest of £2,412 has been charged at the official rate on the outstanding loan.

8. RELATED PARTY DISCLOSURES

During the accounting period, a loan existed between the company and J B Old Farms Limited, a company whom Mr J B Old is a director and 100% shareholder.

The total amount owing by JB Old (Farms) Limited was £77,010 (2023 £167,356).

During the year the stock of crops held by JB Old Farms Ltd was transferred to the company at a value of £41,120.

9. ULTIMATE CONTROLLING PARTY

During the period, the company was controlled by Mr & Mrs J B Old, by virtue of the fact that between them they own 100% of the company's issued ordinary share capital.