0 01/10/2024 30/09/2025 2025-09-30 true false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-10-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 00375516 2024-10-01 2025-09-30 00375516 2025-09-30 00375516 2024-09-30 00375516 2023-10-01 2024-09-30 00375516 2024-09-30 00375516 2023-09-30 00375516 core:IntangibleAssetsOtherThanGoodwill 2024-10-01 2025-09-30 00375516 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 00375516 core:PlantMachinery 2024-10-01 2025-09-30 00375516 bus:RegisteredOffice 2024-10-01 2025-09-30 00375516 bus:LeadAgentIfApplicable 2024-10-01 2025-09-30 00375516 bus:Director1 2024-10-01 2025-09-30 00375516 bus:Director3 2024-10-01 2025-09-30 00375516 bus:CompanySecretary1 2024-10-01 2025-09-30 00375516 core:NetGoodwill 2025-09-30 00375516 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 00375516 core:PlantMachinery 2024-09-30 00375516 core:LandBuildings core:OwnedOrFreeholdAssets 2025-09-30 00375516 core:PlantMachinery 2025-09-30 00375516 core:DeferredTaxation 2024-10-01 2025-09-30 00375516 core:WithinOneYear 2025-09-30 00375516 core:WithinOneYear 2024-09-30 00375516 core:AfterOneYear 2025-09-30 00375516 core:AfterOneYear 2024-09-30 00375516 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 00375516 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 00375516 core:RevaluationReserve 2024-10-01 2025-09-30 00375516 core:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 00375516 core:ShareCapital 2025-09-30 00375516 core:ShareCapital 2024-09-30 00375516 core:RevaluationReserve 2025-09-30 00375516 core:RevaluationReserve 2024-09-30 00375516 core:CapitalRedemptionReserve 2025-09-30 00375516 core:CapitalRedemptionReserve 2024-09-30 00375516 core:RetainedEarningsAccumulatedLosses 2025-09-30 00375516 core:RetainedEarningsAccumulatedLosses 2024-09-30 00375516 core:ShareCapital 2023-09-30 00375516 core:RevaluationReserve 2023-09-30 00375516 core:CapitalRedemptionReserve 2023-09-30 00375516 core:RetainedEarningsAccumulatedLosses 2023-09-30 00375516 core:PreviouslyStatedAmount core:ShareCapital 2025-09-30 00375516 core:NetGoodwill 2024-09-30 00375516 core:AcceleratedTaxDepreciationDeferredTax 2025-09-30 00375516 core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 00375516 core:RevaluationPropertyPlantEquipmentDeferredTax 2025-09-30 00375516 core:RevaluationPropertyPlantEquipmentDeferredTax 2024-09-30 00375516 core:PlantMachinery 2024-09-30 00375516 core:DeferredTaxation 2024-09-30 00375516 core:DeferredTaxation 2025-09-30 00375516 bus:SmallEntities 2024-10-01 2025-09-30 00375516 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 00375516 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 00375516 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 00375516 bus:FullAccounts 2024-10-01 2025-09-30 00375516 1 2024-10-01 2025-09-30
Company registration number: 00375516
J. L. Ashby & Company Limited
Unaudited filleted financial statements
30 September 2025
J. L. Ashby & Company Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
J. L. Ashby & Company Limited
Directors and other information

| Directors | Mr R. J. Ashby
|  | Mr M. J. Ashby
| Secretary | Mrs E. A. Ashby
| Company number | 00375516
| Registered office | 19 New Road
|  | Drayton Parslow
|  | Milton Keynes
|  | MK17 0JH
| Business address | Armston Lodge
|  | Armston
|  | Near Oundle
|  | Peterborough
|  | PE8 5PR
| Accountants | Hardcastle Blake
|  | 19 New Road
|  | Drayton Parslow
|  | Milton Keynes
|  | MK17 0JH

J. L. Ashby & Company Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of J. L. Ashby & Company Limited
Year ended 30th September 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J. L. Ashby & Company Limited for the year ended 30th September 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of J. L. Ashby & Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of J. L. Ashby & Company Limited and state those matters that we have agreed to state to the board of directors of J. L. Ashby & Company Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. L. Ashby & Company Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that J. L. Ashby & Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J. L. Ashby & Company Limited. You consider that J. L. Ashby & Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of J. L. Ashby & Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hardcastle Blake
ICAEW
19 New Road
Drayton Parslow
Milton Keynes
MK17 0JH
20th March 2026
J. L. Ashby & Company Limited
Statement of financial position
30th September 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Intangible assets |  | 5 | - |  |  |  | - |  |
Tangible assets |  | 6 | 8,155,554 |  |  |  | 8,168,224 |  |
|  |  | ___________ |  |  |  | ___________ |  |
|  |  |  |  | 8,155,554 |  |  |  | 8,168,224
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 393,557 |  |  |  | 475,738 |  |
Debtors |  | 7 | 46,134 |  |  |  | 39,254 |  |
Cash at bank and in hand |  |  | - |  |  |  | 50,625 |  |
|  |  | ___________ |  |  |  | ___________ |  |
|  |  | 439,691 |  |  |  | 565,617 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 8 | ( 499,598) |  |  |  | ( 660,961) |  |
|  |  | ___________ |  |  |  | ___________ |  |
Net current liabilities |  |  |  |  | ( 59,907) |  |  |  | ( 95,344)
|  |  |  |  | ___________ |  |  |  | ___________
Total assets less current liabilities |  |  |  |  | 8,095,647 |  |  |  | 8,072,880
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 9 |  |  | ( 1,989,591) |  |  |  | ( 2,083,020)
Provisions for liabilities |  | 10 |  |  | ( 721,233) |  |  |  | ( 725,362)
|  |  |  |  | ___________ |  |  |  | ___________
Net assets |  |  |  |  | 5,384,823 |  |  |  | 5,264,498
|  |  |  |  | ___________ |  |  |  | ___________
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 19,375 |  |  |  | 19,375
Revaluation reserve |  |  |  |  | 4,424,548 |  |  |  | 4,377,531
Capital redemption reserve |  |  |  |  | 5,625 |  |  |  | 5,625
Profit and loss account |  |  |  |  | 935,275 |  |  |  | 861,967
|  |  |  |  | ___________ |  |  |  | ___________
Shareholders funds |  |  |  |  | 5,384,823 |  |  |  | 5,264,498
|  |  |  |  | ___________ |  |  |  | ___________

For the year ending 30 September 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 March 2026 , and are signed on behalf of the board by:
Mr R. J. Ashby Mr M. J. Ashby
Director Director
Company registration number: 00375516
J. L. Ashby & Company Limited
Statement of changes in equity
Year ended 30th September 2025

|  | Called up share capital |  | Revaluation reserve |  | Capital redemption reserve |  | Profit and loss account | Total |
|  | £ |  | £ |  | £ |  | £ | £ |
At 1st October 2023 |  | 19,375 |  | 4,377,531 |  | 5,625 |  | 721,388 | 5,123,919 |
Profit for the year |  |  |  |  |  |  |  | 150,579 | 150,579 |
|  | ___________ |  | ___________ |  | ___________ |  | ___________ | ___________ |
Total comprehensive income for the year |  | - |  | - |  | - |  | 150,579 | 150,579 |
Dividends paid and payable |  |  |  |  |  |  |  | ( 10,000) | ( 10,000) |
|  | ___________ |  | ___________ |  | ___________ |  | ___________ | ___________ |
Total investments by and distributions to owners |  | - |  | - |  | - |  | ( 10,000) | ( 10,000) |
|  | ___________ |  | ___________ |  | ___________ |  | ___________ | ___________ |
At 30th September 2024 and 1st October 2024 |  | 19,375 |  | 4,377,531 |  | 5,625 |  | 861,967 | 5,264,498 |
Profit for the year |  |  |  |  |  |  |  | 83,308 | 83,308 |
Other comprehensive income for the year: |  |  |  |  |  |  |  |  |  |
Revaluation of tangible assets |  |  |  | 61,189 |  |  |  |  | 61,189 |
Tax relating to components of other comprehensive income |  |  |  | ( 14,172) |  |  |  | - | ( 14,172) |
|  | ___________ |  | ___________ |  | ___________ |  | ___________ | ___________ |
Total comprehensive income for the year |  | - |  | 47,017 |  | - |  | 83,308 | 130,325 |
Dividends paid and payable |  |  |  |  |  |  |  | ( 10,000) | ( 10,000) |
|  | ___________ |  | ___________ |  | ___________ |  | ___________ | ___________ |
Total investments by and distributions to owners |  | - |  | - |  | - |  | ( 10,000) | ( 10,000) |
|  | ___________ |  | ___________ |  | ___________ |  | ___________ | ___________ |
At 30th September 2025 |  | 19,375 |  | 4,424,548 |  | 5,625 |  | 935,275 | 5,384,823 |
|  | ___________ |  | ___________ |  | ___________ |  | ___________ | ___________ |

J. L. Ashby & Company Limited
Notes to the financial statements
Year ended 30th September 2025
1. General information
The company is a private company limited by shares, registered in United Kingdon. The address of the registered office is 19 New Road, Drayton Parslow, Milton Keynes, MK17 0JH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Entitlements | - | 20 % | straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold property | - | 0 % | straight line
| Plant and machinery | - | 25 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets .
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: 6 ).
5. Intangible assets

|  | Goodwill | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1st October 2024 and 30th September 2025 | 17,136 | 17,136 |  |  |  |
|  | ___________ | ___________ |  |  |  |
| Amortisation |  |  |  |  |  |
| At 1st October 2024 and 30th September 2025 | 17,136 | 17,136 |  |  |  |
|  | ___________ | ___________ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 30th September 2025 | - | - |  |  |  |
|  | ___________ | ___________ |  |  |  |
| At 30th September 2024 | - | - |  |  |  |
|  | ___________ | ___________ |  |  |  |

6. Tangible assets

|  | Freehold property | Plant and machinery | Total |  |  |  |
|  | £ | £ | £ |  |  |  |
| Cost or valuation |  |  |  |  |  |  |
| At 1st October 2024 | 7,675,811 | 960,778 | 8,636,589 |  |  |  |
| Revaluation | 61,189 | - | 61,189 |  |  |  |
|  | ___________ | ___________ | ___________ |  |  |  |
| At 30th September 2025 | 7,737,000 | 960,778 | 8,697,778 |  |  |  |
|  | ___________ | ___________ | ___________ |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1st October 2024 | - | 468,365 | 468,365 |  |  |  |
| Charge for the year | - | 73,859 | 73,859 |  |  |  |
|  | ___________ | ___________ | ___________ |  |  |  |
| At 30th September 2025 | - | 542,224 | 542,224 |  |  |  |
|  | ___________ | ___________ | ___________ |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 30th September 2025 | 7,737,000 | 418,554 | 8,155,554 |  |  |  |
|  | ___________ | ___________ | ___________ |  |  |  |
| At 30th September 2024 | 7,675,811 | 492,413 | 8,168,224 |  |  |  |
|  | ___________ | ___________ | ___________ |  |  |  |

Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

|  | Freehold property | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| At 30th September 2025 |  |  |  |  |  |  |
| Aggregate cost | 2,837,297 | 2,837,297 |  |  |  |  |
| Aggregate depreciation | - | - |  |  |  |  |
|  | ___________ | ___________ |  |  |  |  |
| Carrying amount | 2,837,297 | 2,837,297 |  |  |  |  |
|  | ___________ | ___________ |  |  |  |  |
| At 30th September 2024 |  |  |  |  |  |  |
| Aggregate cost | 2,837,297 | 2,837,297 |  |  |  |  |
| Aggregate depreciation | - | - |  |  |  |  |
|  | ___________ | ___________ |  |  |  |  |
| Carrying amount | 2,837,297 | 2,837,297 |  |  |  |  |
|  | ___________ | ___________ |  |  |  |  |

7. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 46,134 | 5,984
| Other debtors |  | - | 33,270
|  |  | ___________ | ___________
|  |  | 46,134 | 39,254
|  |  | ___________ | ___________

8. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 102,818 | 75,000
| Trade creditors |  | 10,280 | 202,321
| Corporation tax |  | 43,095 | 193
| Social security and other taxes |  | 2,902 | -
| Other creditors |  | 340,503 | 383,447
|  |  | ___________ | ___________
|  |  | 499,598 | 660,961
|  |  | ___________ | ___________

9. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 1,974,591 | 2,053,020
| Other creditors |  | 15,000 | 30,000
|  |  | ___________ | ___________
|  |  | 1,989,591 | 2,083,020
|  |  | ___________ | ___________

Included within creditors: amounts falling due after more than one year is an amount of £ 1,662,924 (2024 £ 1,716,353 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The mortgage loan is repayable in annual equal instalments over 30 years. The current rate of interest is 3.18%. The total loan of £2,037,924 (2023 : £2,106,353) is secured by way of a first charge against the farm land acquired by way of this loan
10. Provisions

|  | Deferred tax (note 11) | Total |  |  |
|  | £ | £ |  |  |
| At 1st October 2024 | 725,362 | 725,362 |  |  |
| Additions | ( 4,129) | ( 4,129) |  |  |
|  | ___________ | ___________ |  |  |
| At 30th September 2025 | 721,233 | 721,233 |  |  |
|  | ___________ | ___________ |  |  |

11. Deferred tax
The deferred tax included in the statement of financial position is as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Included in provisions (note 10) |  | 721,233 | 725,362
|  |  | ___________ | ___________

The deferred tax account consists of the tax effect of timing differences in respect of:

|  |  | 2025 | 2024
|  |  | £ | £
| Accelerated capital allowances |  | 100,123 | 118,424
| Revaluation of tangible assets |  | 621,110 | 606,938
|  |  | ___________ | ___________
|  |  | 721,233 | 725,362
|  |  | ___________ | ___________

12. Controlling party
The Company is ultimately controlled by Mr R J Ashby .