REGISTERED NUMBER: 00577996 (England and Wales)

J. HOLE & SONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

Mr J J Hole

REGISTERED OFFICE:

Eddlestow Hall Farm

Slack

Ashover

Chesterfield

Derbyshire

S45 0ED

REGISTERED NUMBER:

00577996 (England and Wales)

ACCOUNTANTS:

The Rees Partnership

Bentley Bridge House

Chesterfield Road

Matlock

Derbyshire

DE4 5LE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,401,722

3,442,773

Investments

6

473,526

430,862

3,875,248

3,873,635

CURRENT ASSETS

Stocks

271,152

271,560

Debtors

132,717

129,026

Investments

457,067

946,660

Cash at bank

977,192

234,327

1,838,128

1,581,573

CREDITORS

Amounts falling due within one year

(277,365

)

(300,149

)

NET CURRENT ASSETS

1,560,763

1,281,424

TOTAL ASSETS LESS CURRENT LIABILITIES

5,436,011

5,155,059

PROVISIONS FOR LIABILITIES

(422,012

)

(419,540

)

NET ASSETS

5,013,999

4,735,519

CAPITAL AND RESERVES

Called up share capital

5,677

5,677

Revaluation reserve

7

1,117,720

1,117,720

Capital redemption reserve

2,823

2,823

Retained earnings

3,887,779

3,609,299

SHAREHOLDERS' FUNDS

5,013,999

4,735,519

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 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 director and authorised for issue on 12 December 2025 and were signed by:

Mr J J Hole - Director

1.	STATUTORY INFORMATION

J. Hole & Sons 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 financial statements have been prepared on the going concern basis. No material uncertainties that that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Milk quota

The milk quota has been written off in equal instalments over its estimated economic life of 10 years

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

20% on cost and 10% on cost

Stocks

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

Financial instruments

Investments in publicly traded financial instruments where their fair value can be measured reliably are measured at fair value with changes in fair value recognised in profit or loss. All other such investments are measured at cost less impairment.

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 held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

51,335

AMORTISATION

At 1 April 2024

and 31 March 2025

51,335

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2024

4,667,034

Additions

52,750

At 31 March 2025

4,719,784

DEPRECIATION

At 1 April 2024

1,224,261

Charge for year

93,801

At 31 March 2025

1,318,062

NET BOOK VALUE

At 31 March 2025

3,401,722

At 31 March 2024

3,442,773

Included in cost or valuation of land and buildings is freehold land of £ 2,471,821 (2024 - £ 2,471,821 ) which is not depreciated.

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2004

1,397,150

Cost

3,322,634

4,719,784

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,715,264

1,715,264

Aggregate depreciation

82,488

80,594

Value of land in freehold land and buildings

1,513,965

1,513,965

Freehold land and buildings were valued on an open market basis on 31 March 2004 by the directors .

Freehold land and buildings were revalued in 2004 following the death of a shareholder. No further revaluations have taken place. On transition to FRS 102 1A the director's elected to treat previous revaluations as deemed cost.

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 April 2024

430,862

Revaluations

42,664

At 31 March 2025

473,526

NET BOOK VALUE

At 31 March 2025

473,526

At 31 March 2024

430,862

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2025

173,526

Cost

300,000

473,526

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

1,117,720

Within reserves are undistributable reserves on unrealised profits on the movement in fair value of investment assets totalling £175,792 (2024: £144,387.)

8.	RELATED PARTY DISCLOSURES

There have been no material transactions with any related parties, other than those with the directors.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J J Hole by virtue of his shareholding.