REGISTERED NUMBER: 08817480 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

JB OLD FARMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J B Old

REGISTERED OFFICE:

Treyarnon Bay Holiday Park

Treyarnon Bay

Padstow

Cornwall

PL28 8JR

REGISTERED NUMBER:

08817480 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Intangible assets

4

-

69

Tangible assets

5

163,088

194,330

Investments

6

150

150

163,238

194,549

CURRENT ASSETS

Debtors

7

-

1,203

Cash at bank and in hand

12,994

25,295

12,994

26,498

CREDITORS

Amounts falling due within one year

8

47,955

129,732

NET CURRENT LIABILITIES

(34,961

)

(103,234

)

TOTAL ASSETS LESS CURRENT LIABILITIES

128,277

91,315

CREDITORS

Amounts falling due after more than one year

9

(6,166

)

-

PROVISIONS FOR LIABILITIES

(21,440

)

(15,836

)

NET ASSETS

100,671

75,479

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

100,670

75,478

SHAREHOLDERS' FUNDS

100,671

75,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

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 10 July 2026 and were signed by:

J B Old - Director

1.	STATUTORY INFORMATION

JB Old Farms 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.

Turnover

Turnover represents net invoiced sales of goods and services excluding value added tax.

Intangible fixed assets

The expenditure invested in order to obtain agricultural entitlements has been written off evenly over its estimated economic life of ten years.

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

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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 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 (2025 - NIL).

4.	INTANGIBLE FIXED ASSETS

Agricutural

entitlements

£

COST

At 1 February 2025

and 31 January 2026

13,934

AMORTISATION

At 1 February 2025

13,865

Amortisation for year

69

At 31 January 2026

13,934

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

69

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 February 2025

367,425

1,343

368,768

Disposals

(6,510

)

-

(6,510

)

At 31 January 2026

360,915

1,343

362,258

DEPRECIATION

At 1 February 2025

173,150

1,288

174,438

Charge for year

28,773

14

28,787

Eliminated on disposal

(4,055

)

-

(4,055

)

At 31 January 2026

197,868

1,302

199,170

NET BOOK VALUE

At 31 January 2026

163,047

41

163,088

At 31 January 2025

194,275

55

194,330

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

Plant and

machinery

£

COST

At 1 February 2025

121,300

Transfer to ownership

(36,000

)

At 31 January 2026

85,300

DEPRECIATION

At 1 February 2025

33,661

Charge for year

9,211

Transfer to ownership

(10,073

)

At 31 January 2026

32,799

NET BOOK VALUE

At 31 January 2026

52,501

At 31 January 2025

87,639

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2025

and 31 January 2026

150

NET BOOK VALUE

At 31 January 2026

150

At 31 January 2025

150

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

-

1,184

VAT

-

19

-

1,203

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Hire purchase contracts

18,287

44,521

Other creditors

18,386

83,930

VAT

9,981

-

Directors' current accounts

653

653

Accrued expenses

648

628

47,955

129,732

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Hire purchase contracts

6,166

-

10.	RELATED PARTY DISCLOSURES

The company is controlled by its directors, Mr J B Old, by virtue of the fact that he owns 100%

of the company's issued share capital.

Included in Other Creditors are loans of £11,466, (2025 - £77,010), from J B Old Limited and £6,920, (2025 - £6,920), from Treyarnon Bay Farm Cottages Limited. Both these companies are wholly owned by Mr and Mrs J B Old.

During the year a management charge of £50,000 plus VAT was charged to JB Old Limited.