J Nellis Farms Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08856248 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

J Nellis Farms Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Nellis

J W Nellis

SECRETARY:

F H Nellis

REGISTERED OFFICE:

Hazeldene

Skewsby

York

North Yorkshire

YO61 4SQ

REGISTERED NUMBER:

08856248 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Tangible assets

4

242,681

217,899

CURRENT ASSETS

Debtors

5

12,449

11,545

Cash at bank

41,213

12,561

53,662

24,106

CREDITORS

Amounts falling due within one year

6

144,230

137,281

NET CURRENT LIABILITIES

(90,568

)

(113,175

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

152,113

104,724

CREDITORS

Amounts falling due after more than one
year

7

(19,297

)

-

PROVISIONS FOR LIABILITIES

9

(5,118

)

(6,407

)

NET ASSETS

127,698

98,317

CAPITAL AND RESERVES

Called up share capital

10

2

Retained earnings

127,696

98,315

SHAREHOLDERS' FUNDS

127,698

98,317

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

J W Nellis - Director

1.	STATUTORY INFORMATION

J Nellis Farms Ltd 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

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

Income recognition

Rental income is recognised in accordance with the contractual terms of the lease.

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

-

25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

The directors consider that the freehold property is maintained in such a state of repair that its residual value is at least equal to its net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account. The directors perform annual impairment reviews in accordance with FRS 102 to ensure that the carrying value is not lower than the recoverable amount.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST

At 1 April 2024

152,947

172,670

325,617

Additions

-

55,534

Disposals

-

(41,944

)

(41,944

)

At 31 March 2025

152,947

186,260

339,207

DEPRECIATION

At 1 April 2024

-

107,718

Charge for year

-

20,657

Eliminated on disposal

-

(31,849

)

(31,849

)

At 31 March 2025

-

96,526

NET BOOK VALUE

At 31 March 2025

152,947

89,734

242,681

At 31 March 2024

152,947

64,952

217,899

The freehold properties previous revaluation was used as the deemed cost in the accounts on transition to FRS102. The historic cost equivalent of these assets is £152,947 (2024: £152,947).

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

Plant and

machinery

£

COST

At 1 April 2024

30,750

Additions

50,754

Transfer to ownership

(30,750

)

At 31 March 2025

50,754

DEPRECIATION

At 1 April 2024

12,012

Charge for year

11,029

Transfer to ownership

(16,697

)

At 31 March 2025

6,344

NET BOOK VALUE

At 31 March 2025

44,410

At 31 March 2024

18,738

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

5,359

VAT

2,160

2,993

Prepayments and accrued income

4,930

3,193

12,449

11,545

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

11,582

7,232

Other creditors

632

83

Directors' current accounts

130,466

128,466

Accruals and deferred income

1,550

1,500

144,230

137,281

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Hire purchase contracts

19,297

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

30,879

7,232

Obligations under hire purchase are secured against the assets to which they relate.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

5,118

6,407

Deferred

tax

£

Balance at 1 April 2024

6,407

Provided during year

(1,289

)

Balance at 31 March 2025

5,118

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1

A Ordinary

£1

1

B Ordinary

£1

1

2

11.	RELATED PARTY DISCLOSURES

2025

2024

£

Personnel of the entity:

Amount due to director

130,466

128,466

No interest has been charged.