REGISTERED NUMBER: 05316351 (England and Wales)

J.D. ROSS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

J D Ross

J D Ross Jnr

SECRETARY:

J D Ross

REGISTERED OFFICE:

14 London Road

Newark

Nottinghamshire

NG24 1TW

REGISTERED NUMBER:

05316351 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

346,678

417,138

346,678

417,138

CURRENT ASSETS

Inventories

151,250

176,525

Debtors

6

33,724

28,072

Cash at bank

69,784

82,314

254,758

286,911

CREDITORS

Amounts falling due within one year

7

154,699

245,788

NET CURRENT ASSETS

100,059

41,123

TOTAL ASSETS LESS CURRENT LIABILITIES

446,737

458,261

CREDITORS

Amounts falling due after more than one year

8

(8,347

)

(29,024

)

PROVISIONS FOR LIABILITIES

(72,699

)

(68,561

)

NET ASSETS

365,691

360,676

CAPITAL AND RESERVES

Called up share capital

10

3,000

3,000

Retained earnings

362,691

357,676

SHAREHOLDERS' FUNDS

365,691

360,676

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.

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 11 August 2025 and were signed on its behalf by:

J D Ross - Director

1.	STATUTORY INFORMATION

J.D. Ross 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.

Revenue

Revenue represents net invoiced sales of produce and livestock, excluding value added tax.

Sales of produce are recognised upon despatch. Revenue from livestock is recognised on the day of sale.

Intangible assets

Intangible assets consist of entitlements to the basic payment. The entitlements were recognised at fair value and written off on a straight line basis over the period to 31 December 2019 when the scheme ended.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories

Inventories represents the farm valuation which has been valued by the directors at the lower of cost and fair value less costs to complete and sell.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Basic payment

The basic payment is recognised in the financial statements in accordance with current H.M Revenue & Customs guidance.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Entitlements

£

COST

At 1 January 2024

2,499

Disposals

(2,499

)

At 31 December 2024

-

AMORTISATION

At 1 January 2024

2,499

Eliminated on disposal

(2,499

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2024

654,681

Additions

80,227

Disposals

(173,327

)

At 31 December 2024

561,581

DEPRECIATION

At 1 January 2024

237,543

Charge for year

40,622

Eliminated on disposal

(63,262

)

At 31 December 2024

214,903

NET BOOK VALUE

At 31 December 2024

346,678

At 31 December 2023

417,138

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

22,199

16,550

Other debtors

11,525

11,522

33,724

28,072

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

10,767

10,757

Trade creditors

62,256

32,648

Taxation and social security

48,734

7,011

Other creditors

22,942

185,372

154,699

245,788

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

8,347

18,347

Hire purchase contracts

-

10,677

8,347

29,024

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

10,767

21,434

Hire purchase contracts are secured by a charge over the relevant asset.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

3,000

Ordinary

£1

3,000

3,000