Registration number: 01486604

John Caswell Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

John Caswell Limited

(Registration number: 01486604)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	853,337	872,314
Current assets
Stocks		101,713	90,203
Debtors	5	25,148	6,885
Cash at bank and in hand		3,498	-
		130,359	97,088
Creditors: Amounts falling due within one year	6	(116,874)	(105,888)
Net current assets/(liabilities)		13,485	(8,800)
Total assets less current liabilities		866,822	863,514
Creditors: Amounts falling due after more than one year	6	(252,505)	(286,186)
Provisions for liabilities		(13,435)	(17,180)
Net assets		600,882	560,148
Capital and reserves
Called up share capital		2,500	2,500
Share premium reserve		11,500	11,500
Retained earnings		586,882	546,148
Shareholders' funds		600,882	560,148

John Caswell Limited

(Registration number: 01486604)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 December 2025 and signed on its behalf by:
 

......................................... Mr G Caswell Director

John Caswell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
West View
Upper Wanborough
Swindon
Wiltshire
SN4 0DQ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover represents amounts receivable , net of VAT, for subsidies, the sale of livestock and crops.

Revenue from the sale of goods which includes livestock, is recognised when the significant risks and rewards of ownership have passed to the buyer.

Revenue from agricultural subsidies is recognised when amounts receivable can be estimated reliably.

Tax

The tax expense for the period comprises current tax and deferred taxation.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

John Caswell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings freehold	10% reducing balance
Plant and machinery	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

The farm stock valuation is stated at the lower of cost and net realisable value, or in the case of reared livestock at deemed cost.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Employee benefits
 

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

John Caswell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Tangible assets

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	865,168	243,058	1,108,226
Additions	-	6,100	6,100
Disposals	-	(9,675)	(9,675)
At 31 March 2025	865,168	239,483	1,104,651
Depreciation
At 1 April 2024	61,573	174,339	235,912
Charge for the year	3,998	18,034	22,032
Eliminated on disposal	-	(6,630)	(6,630)
At 31 March 2025	65,571	185,743	251,314
Carrying amount
At 31 March 2025	799,597	53,740	853,337
At 31 March 2024	803,595	68,719	872,314

5

Debtors

	2025 £	2024 £
Trade debtors	19,199	66
Prepayments	2,313	2,337
Other debtors	3,636	4,482
	25,148	6,885

John Caswell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		33,682	42,629
Trade creditors		21,566	12,875
Taxation and social security		14,809	1,068
Other creditors		46,817	49,316
		116,874	105,888