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REGISTERED NUMBER: NI621924 (Northern Ireland)















J & M FARMS LTD

Unaudited Financial Statements for the Year Ended 31 December 2024






J & M FARMS LTD (REGISTERED NUMBER: NI621924)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J & M FARMS LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mervyn Clarke
Janice Clarke





REGISTERED OFFICE: 43 Dryarch Road
Lisboy
Beragh
Co. Tyrone
BT79 0SQ





REGISTERED NUMBER: NI621924 (Northern Ireland)





ACCOUNTANTS: Cooper Parry Advisory Limited
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

J & M FARMS LTD (REGISTERED NUMBER: NI621924)

Statement of Financial Position
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Property, plant and equipment 4 709,465 320,711

CURRENT ASSETS
Inventories 4,942 4,942
Debtors 5 18,349 10,479
Cash at bank - 1,570
23,291 16,991
CREDITORS
Amounts falling due within one year 6 (549,225 ) (135,984 )
NET CURRENT LIABILITIES (525,934 ) (118,993 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,531

201,718

CREDITORS
Amounts falling due after more than
one year

7

(5,072

)

(16,028

)
NET ASSETS 178,459 185,690

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Retained earnings 172,459 179,690
178,459 185,690

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.

J & M FARMS LTD (REGISTERED NUMBER: NI621924)

Statement of Financial Position - 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 Income Statement has not been delivered.

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




Mervyn Clarke - Director



Janice Clarke - Director


J & M FARMS LTD (REGISTERED NUMBER: NI621924)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

J & M Farms Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Nil
Plant and machinery etc - 15% reducing balance

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 statement of financial position date.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

3. EMPLOYEES AND DIRECTORS

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

J & M FARMS LTD (REGISTERED NUMBER: NI621924)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 January 2024 266,323 186,601 452,924
Additions 400,117 2,700 402,817
At 31 December 2024 666,440 189,301 855,741
DEPRECIATION
At 1 January 2024 - 132,213 132,213
Charge for year - 14,063 14,063
At 31 December 2024 - 146,276 146,276
NET BOOK VALUE
At 31 December 2024 666,440 43,025 709,465
At 31 December 2023 266,323 54,388 320,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 7,177 7,177
Other debtors 11,172 3,302
18,349 10,479

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 30,239 54,949
Other creditors 518,986 81,035
549,225 135,984

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 5,072 16,028