J.S.(Farms)Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00774377 (England and Wales)

J.S.(FARMS)LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

S M Stephenson

C J Stephenson

C L Stephenson

REGISTERED OFFICE:

Chestnut House

Maryland Bank

Amber Hill

Boston

Lincolnshire

PE20 3RW

REGISTERED NUMBER:

00774377 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Tangible assets

4

1,829,094

1,862,680

CURRENT ASSETS

Stocks

194,491

234,310

Debtors

5

45,728

102,586

Cash at bank

393,285

381,914

633,504

718,810

CREDITORS

Amounts falling due within one year

6

290,079

282,884

NET CURRENT ASSETS

343,425

435,926

TOTAL ASSETS LESS CURRENT LIABILITIES

2,172,519

2,298,606

PROVISIONS FOR LIABILITIES

125,469

176,552

NET ASSETS

2,047,050

2,122,054

CAPITAL AND RESERVES

Called up share capital

7

3,000

Retained earnings

2,044,050

2,119,054

SHAREHOLDERS' FUNDS

2,047,050

2,122,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

C J Stephenson - Director

1.	STATUTORY INFORMATION

J.S.(Farms)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.

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.

Preparation of consolidated financial statements

The financial statements contain information about J.S.(Farms)Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of produce, excluding value added tax. Sales of produce are recognised upon despatch.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

No depreciation has been provided for freehold property. It is the company's policy to maintain its property in a continual state of sound repair. In the case of freehold buildings, the directors consider that the lives of these buildings and their residual value are such that their depreciation is not significant.

Valuation

The valuation has been professionally valued at the lower of cost and and fair value 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 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.

Fixed asset investments

Unlisted investments are stated at the cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

1,694,974

872,032

2,567,006

Additions

-

19,907

Disposals

-

(169,441

)

(169,441

)

At 31 March 2025

1,694,974

722,498

2,417,472

DEPRECIATION

At 1 April 2024

-

704,326

Charge for year

-

45,562

Eliminated on disposal

-

(161,510

)

(161,510

)

At 31 March 2025

-

588,378

NET BOOK VALUE

At 31 March 2025

1,694,974

134,120

1,829,094

At 31 March 2024

1,694,974

167,706

1,862,680

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

5,775

89,022

Other debtors

2,417

6,445

Prepayments and accrued income

37,536

7,119

45,728

102,586

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

27,287

7,892

Taxation

2,576

-

Other taxes and social security

1,685

2,416

Other creditors

14,161

13,261

Loan from related party

2,051

Amounts owed to parent company

55,365

Directors' current accounts

156,206

168,380

Accruals and deferred income

30,748

33,519

290,079

282,884

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

3,000

Ordinary

£1

3,000

8.	OTHER FINANCIAL COMMITMENTS

The company has commitments of £40,485 due within one year (2024 - £40,485).