Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false No description of principal activity 3 2024-04-01 false 3 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC156590 2024-04-01 2025-03-31 SC156590 2023-04-01 2024-03-31 SC156590 2025-03-31 SC156590 2024-03-31 SC156590 c:CompanySecretary1 2024-04-01 2025-03-31 SC156590 c:Director1 2024-04-01 2025-03-31 SC156590 c:Director2 2024-04-01 2025-03-31 SC156590 c:Director2 2025-03-31 SC156590 c:Director3 2024-04-01 2025-03-31 SC156590 c:RegisteredOffice 2024-04-01 2025-03-31 SC156590 d:PlantMachinery 2024-04-01 2025-03-31 SC156590 d:PlantMachinery 2025-03-31 SC156590 d:PlantMachinery 2024-03-31 SC156590 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC156590 d:CurrentFinancialInstruments 2025-03-31 SC156590 d:CurrentFinancialInstruments 2024-03-31 SC156590 d:Non-currentFinancialInstruments 2025-03-31 SC156590 d:Non-currentFinancialInstruments 2024-03-31 SC156590 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC156590 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC156590 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC156590 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC156590 d:ShareCapital 2025-03-31 SC156590 d:ShareCapital 2024-03-31 SC156590 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC156590 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC156590 c:OrdinaryShareClass1 2024-04-01 2025-03-31 SC156590 c:OrdinaryShareClass1 2025-03-31 SC156590 c:OrdinaryShareClass1 2024-03-31 SC156590 c:FRS102 2024-04-01 2025-03-31 SC156590 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC156590 c:FullAccounts 2024-04-01 2025-03-31 SC156590 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC156590 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC156590 JAYTEE FARMS LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
JAYTEE FARMS LIMITED COMPANY INFORMATION
DIRECTORS | Mr J Brown
| Mr H Brown (resigned 27 March 2025)
| Mr M Brown
COMPANY SECRETARY | Mr J Brown
REGISTERED NUMBER | SC156590
REGISTERED OFFICE | West Adamston
| Muirhead
| Dundee
| DD2 5QX
ACCOUNTANTS | EQ Accountants Limited
| Chartered Accountants
| Westby
| 64 West High Street
| Forfar
| Angus
| DD8 1BJ
JAYTEE FARMS LIMITED REGISTERED NUMBER: SC156590 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
|  | £ |  | £
FIXED ASSETS |  |  |  |  |
Tangible assets | 4 |  | 1,224,855 |  | 1,276,562
|  |  | 1,224,855 |  | 1,276,562
CURRENT ASSETS |  |  |  |  |
Stocks |  | 162,077 |  | 147,494 |
Debtors | 5 | 2,332,732 |  | 2,091,021 |
Bank & cash balances |  | 197,748 |  | 59,412 |
|  | 2,692,557 |  | 2,297,927 |
Creditors: amounts falling due within one year | 6 | (311,244) |  | (232,668) |
NET CURRENT ASSETS |  |  | 2,381,313 |  | 2,065,259
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,606,168 |  | 3,341,821
Creditors: amounts falling due after more than one year | 7 |  | (228,863) |  | (340,039)
PROVISIONS FOR LIABILITIES |  |  |  |  |
Deferred tax |  | (306,214) |  | (319,141) |
|  |  | (306,214) |  | (319,141)
NET ASSETS |  |  | 3,071,091 |  | 2,682,641
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital | 8 |  | 100 |  | 100
Profit and loss account |  |  | 3,070,991 |  | 2,682,541
|  |  | 3,071,091 |  | 2,682,641
Page 1
JAYTEE FARMS LIMITED REGISTERED NUMBER: SC156590 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2025.
Mr J Brown | Mr M Brown
Director | Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
JAYTEE FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | GENERAL INFORMATION
Jaytee Farms Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC156590. The registered office is West Adamston, Muirhead, Dundee, DD2 5QX. The Company's functional and presentational currwncy is GBP. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | COMPANY'S BUSINESS
The company's business is the growing and marketing of potatoes as well as contract work income from the assets owned. The company also farms through its participation in the partnership of Messrs John Brown and Son. Income comprises the company's share in the partnership profits and losses for each year. The book value of its interest in the partnership comprises the balance standing to its credit on the current account in the books of that business.
| 2.3 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Plant and equipment | - | 12.5% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.4 | DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Page 3
JAYTEE FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
4. | TANGIBLE FIXED ASSETS
|  | Plant & machinery
|  | £
| COST OR VALUATION |
| At 1 April 2024 | 1,831,310
| Additions | 148,941
| Disposals | (57,227)
| At 31 March 2025 | 1,923,024
| DEPRECIATION |
| At 1 April 2024 | 554,748
| Charge for the year on owned assets | 174,963
| Disposals | (31,542)
| At 31 March 2025 | 698,169
| NET BOOK VALUE |
| At 31 March 2025 | 1,224,855
| At 31 March 2024 | 1,276,562
Page 4
JAYTEE FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| DUE AFTER MORE THAN ONE YEAR |  |
| Current account in related partnership of John Brown and Sons | 9,363 | 14,856
|  | 9,363 | 14,856
| DUE WITHIN ONE YEAR |  |
| Trade debtors | 84,538 | 316,338
| Other debtors | 68,831 | 109,827
| Capital account in related partnership of John Brown and Sons | 2,170,000 | 1,650,000
|  | 2,332,732 | 2,091,021
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 31,451 | 39,939
| Other taxation and social security | 142,627 | 49,335
| Obligations under finance lease and hire purchase contracts | 133,008 | 140,894
| Other creditors | 4,158 | 2,500
|  | 311,244 | 232,668
| Hire purchase liabilties are secured over the assets to which they relate.
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 228,863 | 340,039
|  | 228,863 | 340,039
| Hire purchase liabilties are secured over the assets to which they relate.
Page 5
JAYTEE FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | ALLOTTED, CALLED UP AND FULLY PAID |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
Page 6