REGISTERED NUMBER: 01588253 (England and Wales)

Jowett House Farms Limited

Unaudited Financial Statements for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Fraser

M C Fraser

REGISTERED OFFICE:

Denby Hall Barn

Denby Dale

Huddersfield

West Yorkshire

HD8 8YL

REGISTERED NUMBER:

01588253 (England and Wales)

ACCOUNTANTS:

Smailes Goldie Limited

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

92,231

105,157

Investment property

5

2,845,000

2,845,000

2,937,231

2,950,157

CURRENT ASSETS

Debtors

6

59,332

30,875

Cash at bank

29,386

3,739

88,718

34,614

CREDITORS

Amounts falling due within one year

7

463,779

376,180

NET CURRENT LIABILITIES

(375,061

)

(341,566

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,562,170

2,608,591

PROVISIONS FOR LIABILITIES

41,736

53,118

NET ASSETS

2,520,434

2,555,473

CAPITAL AND RESERVES

Called up share capital

665,068

665,068

Fair value reserve

1,883,421

1,883,421

Retained earnings

(28,055

)

6,984

2,520,434

2,555,473

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th November 2025 and were signed on its behalf by:

A J Fraser - Director

1.	STATUTORY INFORMATION

Jowett House 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.

The principal activity of the company during the year was that of the letting and operating of own or leased real estate.

Turnover

Rents received under operating leases are included within turnover on a straight line basis over the term of the lease and rental income is recognised as it accrued on a daily basis

Tangible fixed assets

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

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.

Depreciation

Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives.

The annual rates used are as follows:

Plant and machinery

10% on cost

Fixtures and fittings

10% on cost

Computer equipment

15% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2024

123,560

13,604

2,425

139,589

Disposals

-

(2,990

)

(1,163

)

(4,153

)

At 31st March 2025

123,560

10,614

1,262

135,436

DEPRECIATION

At 1st April 2024

19,593

13,066

1,773

34,432

Charge for year

12,712

102

97

12,911

Eliminated on disposal

-

(2,990

)

(1,148

)

(4,138

)

At 31st March 2025

32,305

10,178

722

43,205

NET BOOK VALUE

At 31st March 2025

91,255

436

540

92,231

At 31st March 2024

103,967

538

652

105,157

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

2,845,000

NET BOOK VALUE

At 31st March 2025

2,845,000

At 31st March 2024

2,845,000

The directors have assessed the fair value of the investment properties as at 31 March 2025 to be £2,845,000.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

240

Directors' current accounts

-

10,000

Prepayments and accrued income

59,332

20,635

59,332

30,875

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,343

417

VAT

1,633

11,173

Other creditors

449,125

359,125

Accruals and deferred income

7,678

5,465

463,779

376,180

Other creditors include a short-term interest free loan from a shareholder. There are no formal terms in place therefore the balance £446,000 (2024 £356,000) is shown as repayable on demand.