Company No: 08585055 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	0		186
Tangible assets	4	2,046,459		2,116,814
Investments	5	22,001		22,001
		2,068,460		2,139,001
Current assets
Debtors	6	1,525,829		1,055,207
Cash at bank and in hand		10,124		29,816
		1,535,953		1,085,023
Creditors: amounts falling due within one year	7	( 217,110)		( 228,014)
Net current assets		1,318,843		857,009
Total assets less current liabilities		3,387,303		2,996,010
Net assets		3,387,303		2,996,010
Capital and reserves
Called-up share capital		22,000		22,000
Profit and loss account		3,365,303		2,974,010
Total shareholders' funds		3,387,303		2,996,010

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of O. C. Jewers & Sons Limited (registered number: 08585055) were approved and authorised for issue by the Director. They were signed on its behalf by:

M J Jewers Director

30 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

O. C. Jewers & Sons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is New Granaries Elmswell Road, Woolpit, Bury St. Edmunds, IP30 9RH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

6 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	40 years straight line
Vehicles	5 years straight line

Leases

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		3

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2024	2,216		2,216
At 31 December 2024	2,216		2,216
Accumulated amortisation
At 01 January 2024	2,030		2,030
Charge for the financial year	186		186
At 31 December 2024	2,216		2,216
Net book value
At 31 December 2024	0		0
At 31 December 2023	186		186

4. Tangible assets

	Land and buildings		Vehicles		Total
	£		£		£
Cost
At 01 January 2024	2,554,087		98,575		2,652,662
At 31 December 2024	2,554,087		98,575		2,652,662
Accumulated depreciation
At 01 January 2024	516,133		19,715		535,848
Charge for the financial year	50,640		19,715		70,355
At 31 December 2024	566,773		39,430		606,203
Net book value
At 31 December 2024	1,987,314		59,145		2,046,459
At 31 December 2023	2,037,954		78,860		2,116,814

5. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	22,001
At 31 December 2024	22,001
Carrying value at 31 December 2024	22,001
Carrying value at 31 December 2023	22,001

Investments in shares

The following was a subsidiary undertaking of the company:

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.12.2024	Ownership 31.12.2023
Jewers Grain Limited	New Granaries, Elmswell Road, Woolpit, Bury St. Edmunds, Suffolk, IP30 9RH	Wholesale of grain	Ordinary A & B	100.00%	100.00%
Granary Park Limited	New Granaries, O C Jewers & Sons Ltd, Elmswell Road, Bury St. Edmunds, Suffolk, United Kingdom, IP30 9RH	Other letting and operating of real estate	Ordinary A	100.00%	100.00%

6. Debtors

	2024		2023
	£		£
Other debtors	1,525,829		1,055,207

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	497		0
Amounts owed to Group undertakings	188,000		100,520
Corporation tax	18,697		25,811
Other taxation and social security	6,321		4,036
Other creditors	3,595		97,647
	217,110		228,014

8. Related party transactions

Transactions with the entity's director

At the period end, the director owed the company £1,164,587 (2023: the director owed the company £708,830). Interest was charged on the loan.