Registration number: 01247631

J Neave (Saxby) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

J Neave (Saxby) Limited

Company Information

Directors

C W Neave R D Neave Mrs S J Neave

Company secretary

Mrs S J Neave

Registered office

Sandbeck Cliff Road Saxby Market Rasen Lincolnshire England LN8 2DQ

J Neave (Saxby) Limited

(Registration number: 01247631)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,400,452	4,579,108
Other financial assets	5	6,703	6,703
		4,407,155	4,585,811
Current assets
Stocks	6	551,224	540,454
Debtors	7	121,391	126,743
		672,615	667,197
Creditors: Amounts falling due within one year	8	(481,761)	(403,915)
Net current assets		190,854	263,282
Total assets less current liabilities		4,598,009	4,849,093
Creditors: Amounts falling due after more than one year	8	(1,488,876)	(1,636,629)
Provisions for liabilities		(422,947)	(460,532)
Net assets		2,686,186	2,751,932
Capital and reserves
Called up share capital	10	88	88
Capital redemption reserve		12	12
Retained earnings		2,686,086	2,751,832
Shareholders' funds		2,686,186	2,751,932

For the financial 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 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 18 June 2026 and signed on its behalf by:
 

......................................... R D Neave Director

J Neave (Saxby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 01247631.

The address of its registered office is:
Sandbeck
Cliff Road Saxby
Market Rasen
Lincolnshire
LN8 2DQ
England

These financial statements cover the individual entity J Neave (Saxby) Limited.

These financial statements were authorised for issue by the Board on 18 June 2026.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity.

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Tax

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

The current income 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.

J Neave (Saxby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax in revalued non-depreciable fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land	Nil
Buildings and fences	10% straight line basis
Plant and machinery	10%-25% reducing balance basis
Fixtures and fittings	15% reducing balance basis
Motor vehicles	25% reducing balance basis

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stocks

The basis of valuation is as follows:-

Raw materials and consumables are stated at the lower of cost or net realisable value.

Tenantright is calculated by a combination of actual costs incurred and standard costs.

Produce on hand is valued at the lower of standard cost or net realisable value.

Livestock is valued at the lower of standard cost or net realisable value.

Standard costings used are based upon calculation prepared by the Central Association of Agricultural Valuers.

The basis of valuation is consistent with previous years.

J Neave (Saxby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 6 (2024 - 6).

J Neave (Saxby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4	Tangible assets

	Land and buildings £	Plant and machinery £	Motor vehicles  £	Fixtures and fittings £	Total £
Cost or valuation
At 1 October 2024	3,844,093	2,454,450	26,930	26,315	6,351,788
Additions	29,935	28,483	39,220	1,096	98,734
Disposals	-	(60,000)	(17,937)	-	(77,937)
At 30 September 2025	3,874,028	2,422,933	48,213	27,411	6,372,585
Depreciation
At 1 October 2024	739,488	987,147	25,857	20,188	1,772,680
Charge for the year	46,895	177,060	5,767	986	230,708
Eliminated on disposal	-	(13,886)	(17,369)	-	(31,255)
At 30 September 2025	786,383	1,150,321	14,255	21,174	1,972,133
Carrying amount
At 30 September 2025	3,087,645	1,272,612	33,958	6,237	4,400,452
At 30 September 2024	3,104,605	1,467,303	1,073	6,127	4,579,108

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 October 2024	6,703	6,703
At 30 September 2025	6,703	6,703
Carrying amount
At 30 September 2025	6,703	6,703

J Neave (Saxby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6

Stocks

	2025 £	2024 £
Raw materials and consumables	86,837	42,600
Produce on hand	380,862	445,301
Other inventories	83,525	52,553
	551,224	540,454

7

Debtors

Current	2025 £	2024 £
Trade debtors	29,957	74,440
Prepayments and accrued income	67,383	33,871
Other debtors	24,051	18,432
	121,391	126,743

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	9	113,546	113,582
Trade creditors		171,219	112,481
Taxation and social security		1,836	6,250
Other creditors		149,398	139,492
Accruals and deferred income		45,762	32,110
		481,761	403,915

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	1,485,231	1,632,579
Deferred income		3,645	4,050
		1,488,876	1,636,629

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