REGISTERED NUMBER: 05291026 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

JP & JA Davies Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Davies

SECRETARY:

J Davies

REGISTERED OFFICE:

Suite 1 & 2

Marshall Business Centre

Faraday Road

Hereford

HR4 9NS

REGISTERED NUMBER:

05291026 (England and Wales)

ACCOUNTANTS:

R J Francis & Co

Suites 1 & 2

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

FIXED ASSETS

Tangible assets

4

780,504

978,101

Investment property

5

250,000

-

1,030,504

978,101

CURRENT ASSETS

Stocks

6

282,923

255,435

Debtors

7

21,750

10,730

Cash at bank

234,977

203,198

539,650

469,363

CREDITORS

Amounts falling due within one year

8

69,877

93,444

NET CURRENT ASSETS

469,773

375,919

TOTAL ASSETS LESS CURRENT LIABILITIES

1,500,277

1,354,020

CREDITORS

Amounts falling due after more than one year

9

(5,507

)

-

PROVISIONS FOR LIABILITIES

(29,014

)

(13,075

)

NET ASSETS

1,465,756

1,340,945

CAPITAL AND RESERVES

Called up share capital

200

100

Fair value reserve

10

38,000

-

Retained earnings

1,427,556

1,340,845

1,465,756

1,340,945

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 director acknowledges his 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 director and authorised for issue on 8 October 2025 and were signed by:

J Davies - Director

1.	STATUTORY INFORMATION

JP & JA Davies 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.

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 as modified by the revaluation of certain assets.

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

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

Plant and machinery

-

25% on reducing balance and 5% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Solar panels

-

Straight line over 15 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

Silo

machinery

£

£

£

COST

At 1 April 2024

909,611

20,376

203,591

Additions

-

-

22,527

Disposals

-

-

(4,650

)

Reclassification/transfer

(200,000

)

-

-

At 31 March 2025

709,611

20,376

221,468

DEPRECIATION

At 1 April 2024

-

4,426

158,977

Charge for year

-

798

16,673

Eliminated on disposal

-

-

(4,172

)

At 31 March 2025

-

5,224

171,478

NET BOOK VALUE

At 31 March 2025

709,611

15,152

49,990

At 31 March 2024

909,611

15,950

44,614

Fixtures

and

Motor

Solar

fittings

vehicles

panels

Totals

£

£

£

£

COST

At 1 April 2024

5,886

37,970

5,750

1,183,184

Additions

-

-

-

22,527

Disposals

-

-

-

(4,650

)

Reclassification/transfer

-

-

-

(200,000

)

At 31 March 2025

5,886

37,970

5,750

1,001,061

DEPRECIATION

At 1 April 2024

5,728

30,961

4,991

205,083

Charge for year

40

1,752

383

19,646

Eliminated on disposal

-

-

-

(4,172

)

At 31 March 2025

5,768

32,713

5,374

220,557

NET BOOK VALUE

At 31 March 2025

118

5,257

376

780,504

At 31 March 2024

158

7,009

759

978,101

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

50,000

Reclassification/transfer

200,000

At 31 March 2025

250,000

NET BOOK VALUE

At 31 March 2025

250,000

The property that had previously been included in freehold land and buildings have been reclassified as investment property under FRS 102.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

250,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

200,000

-

Investment property was valued on an open market basis on 31 March 2025 by Mr J Davies, director .

6.

STOCKS

2025

2024

£

£

Stocks

282,923

255,435

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,462

1,568

Other debtors

20,288

9,162

21,750

10,730

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

4,509

4,928

Trade creditors

17,680

28,150

Taxation and social security

27,148

41,562

Other creditors

20,540

18,804

69,877

93,444

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

5,507

-

10.

RESERVES

Fair

value

reserve

£

Fair value movement

38,000

At 31 March 2025

38,000