REGISTERED NUMBER: 06993264 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

JOHN CHESTER LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J. H. Chester

Mrs M. J. Chester

Miss A E Chester

Miss L M Chester

Mrs R J Turner

Mrs A K Lloyd

REGISTERED OFFICE:

Rowley Park Farm

Worfield

Bridgnorth

Shropshire

WV15 5NT

REGISTERED NUMBER:

06993264 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

339,736

Tangible assets

4

338,695

2,268

Investments

5

2,268

342,004

340,963

CURRENT ASSETS

15,040

Stocks

23,300

52,208

Debtors

140,651

355,758

Cash at bank

292,984

423,006

456,935

CREDITORS

199,276

Amounts falling due within one year

168,828

223,730

NET CURRENT ASSETS

288,107

565,734

TOTAL ASSETS LESS CURRENT LIABILITIES

629,070

CREDITORS

(53,653

)

Amounts falling due after more than one year

(53,062

)

-

PROVISIONS FOR LIABILITIES

(84,674

)

512,081

NET ASSETS

491,334

CAPITAL AND RESERVES

100

Called up share capital

100

511,981

Retained earnings

491,234

512,081

SHAREHOLDERS' FUNDS

491,334

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th October 2025 and were signed on its behalf by:

Mr J. H. Chester - Director

Mrs M. J. Chester - Director

1.	STATUTORY INFORMATION

John Chester 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.

Turnover

Turnover represents net invoiced sales of potatoes, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value.

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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2024

925,070

Additions

148,110

Disposals

(41,500

)

At 31st March 2025

1,031,680

DEPRECIATION

At 1st April 2024

585,334

Charge for year

140,851

Eliminated on disposal

(33,200

)

At 31st March 2025

692,985

NET BOOK VALUE

At 31st March 2025

338,695

At 31st March 2024

339,736

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st April 2024

319,500

Additions

110,000

Transfer to ownership

(160,000

)

At 31st March 2025

269,500

DEPRECIATION

At 1st April 2024

159,900

Charge for year

53,900

Transfer to ownership

(128,000

)

At 31st March 2025

85,800

NET BOOK VALUE

At 31st March 2025

183,700

At 31st March 2024

159,600

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

£

Trade investment

2,268

2,268

6.	RELATED PARTY DISCLOSURES

The company rents potato growing land from Mr and Mrs J H Chester. Total rents of £20,000 were payable during the year (period ending 31st March 2024 £20,000) considered to represent an arms length market rent.

7.	CONTROLLING PARTY

The company is controlled by its directors.