| REGISTERED NUMBER: |
| J. & P. Carr (Farms) Limited |
| Financial Statements for the Year Ended 30th April 2025 |
| REGISTERED NUMBER: |
| J. & P. Carr (Farms) Limited |
| Financial Statements for the Year Ended 30th April 2025 |
| J. & P. Carr (Farms) Limited (Registered number: 01230888) |
| Contents of the Financial Statements |
| for the Year Ended 30th April 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| J. & P. Carr (Farms) Limited |
| Company Information |
| for the Year Ended 30th April 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 2 Oriel Court |
| Omega Park |
| Alton |
| Hampshire |
| GU34 2YT |
| J. & P. Carr (Farms) Limited (Registered number: 01230888) |
| Balance Sheet |
| 30th April 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
| NET ASSETS |
| J. & P. Carr (Farms) Limited (Registered number: 01230888) |
| Balance Sheet - continued |
| 30th April 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve | 11 |
| Retained earnings | 11 |
| 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 were approved by the Board of Directors and authorised for issue on |
| J. & P. Carr (Farms) Limited (Registered number: 01230888) |
| Notes to the Financial Statements |
| for the Year Ended 30th April 2025 |
| 1. | STATUTORY INFORMATION |
| J. & P. Carr (Farms) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| The assets' residual values, useful lives and depreciation methods are review, 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 proceed with the carrying amount and are recognised in profit and loss. |
| Stocks |
| Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell, cost is based on the cost of purchase on a first in first out basis.Work in progress and finished goods include labour and attributable overheads. |
| At each balance sheet date, stocks are assessed for impairment. if stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. the impairment loss is recognized immediately in profit or loss/. |
| J. & P. Carr (Farms) Limited (Registered number: 01230888) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| J. & P. Carr (Farms) Limited (Registered number: 01230888) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Provisions for liabilities |
| Provisions are made where an event has taken place that gives the company legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. |
| Provision are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measure at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. |
| When payments are eventually made, they are charged to the provision carried in the balance sheet. |
| Dividends |
| Equity dividends are recognised when the become legally payable. interim equity dividends are recognised when paid. final equity dividends are recognised when approved by the shareholders at annual general meeting. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Motor | Computer |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st May 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30th April 2025 |
| DEPRECIATION |
| At 1st May 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30th April 2025 |
| NET BOOK VALUE |
| At 30th April 2025 |
| At 30th April 2024 |
| J. & P. Carr (Farms) Limited (Registered number: 01230888) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| The net book value of tangible fixed assets includes £ 89,807 (2024 - £ 106,559 ) in respect of assets held under hire purchase contracts. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Tax |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Other loans (see note 8) |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| VAT | 7,701 | 6,439 |
| Directors' current accounts | 24,380 | 32,069 |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans (see note 8) |
| Hire purchase contracts |
| J. & P. Carr (Farms) Limited (Registered number: 01230888) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2025 |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Bank loans |
| Funding Circle loan <1yr | 2,639 |
| Bridging Loan | - | 97,887 |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Funding circle loan over 1 yr | - | 2,639 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank overdraft |
| Bank loans |
| The aggregate amount of secured liabilities is £644,125 (2024- £889,355) of which £60,312 (2024- £138,515) is due within one year and £583,813 (2024- £646,000) is due after one year. |
| The company has a fixed charge placed on the properties known as Deans Farm, Court Farm, and Hoddern Farm. |
| J. & P. Carr (Farms) Limited (Registered number: 01230888) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2025 |
| 10. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 35,628 | - |
| Other provisions | 108,000 | 115,000 |
| Deferred | Other |
| tax | provisions |
| £ | £ |
| Balance at 1st May 2024 |
| Provided during year |
| Balance at 30th April 2025 |
| 11. | RESERVES |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st May 2024 | 160,051 |
| Profit for the year |
| At 30th April 2025 | 394,044 |
| 12. | TRANSACTIONS WITH DIRECTORS |
| The company made a interest free loan of £100,000 to J and M Carr a partnership in which J Carr, a director of this company is also a partner. At the Balance Sheet date the amount owed to the company was £33,635. |