REGISTERED NUMBER: 08838430 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

JB OLD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J B Old

Mrs S L Old

REGISTERED OFFICE:

Treyarnon Bay Holiday Park

Treyarnon Bay

Padstow

Cornwall

PL28 8JR

REGISTERED NUMBER:

08838430 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Tangible assets

4

4,028,938

4,053,592

CURRENT ASSETS

Stocks

66,102

103,200

Debtors

5

867,027

241,787

Cash at bank and in hand

459,707

556,318

1,392,836

901,305

CREDITORS

Amounts falling due within one year

6

370,065

285,261

NET CURRENT ASSETS

1,022,771

616,044

TOTAL ASSETS LESS CURRENT LIABILITIES

5,051,709

4,669,636

PROVISIONS FOR LIABILITIES

153,707

153,938

NET ASSETS

4,898,002

4,515,698

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,897,902

4,515,598

SHAREHOLDERS' FUNDS

4,898,002

4,515,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2026 and were signed on its behalf by:

J B Old - Director

Mrs S L Old - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Short leasehold

-

Straight line over 20 years

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 November 2024

3,134,100

458,396

1,249,673

Additions

-

-

251,053

Disposals

-

-

(457,100

)

At 31 October 2025

3,134,100

458,396

1,043,626

DEPRECIATION

At 1 November 2024

-

168,112

687,221

Charge for year

-

22,920

102,005

Eliminated on disposal

-

-

(323,623

)

At 31 October 2025

-

191,032

465,603

NET BOOK VALUE

At 31 October 2025

3,134,100

267,364

578,023

At 31 October 2024

3,134,100

290,284

562,452

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

132,579

5,145

4,979,893

Additions

-

-

251,053

Disposals

-

(220

)

(457,320

)

At 31 October 2025

132,579

4,925

4,773,626

DEPRECIATION

At 1 November 2024

68,286

2,682

926,301

Charge for year

16,074

1,231

142,230

Eliminated on disposal

-

(220

)

(323,843

)

At 31 October 2025

84,360

3,693

744,688

NET BOOK VALUE

At 31 October 2025

48,219

1,232

4,028,938

At 31 October 2024

64,293

2,463

4,053,592

Land and buildings have not been revalued as the directors consider that the fair value of these is cost.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

153,645

3,540

Other debtors

11,352

77,010

Directors' current accounts

587,833

59,487

Tax

96,013

93,372

Prepayments

18,184

8,378

867,027

241,787

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

150,069

59,525

Net wages due

13,157

14,504

Corporation tax

149,267

120,444

Social security and other taxes

15,529

22,405

Other creditors

1,876

2,508

Accrued expenses

40,167

65,875

370,065

285,261

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

J B Old and Mrs S L Old

Balance outstanding at start of year

59,487

181,918

Amounts advanced

530,766

4,969

Amounts repaid

(2,400

)

(127,400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

587,853

59,487

Interest has been charged on the loan at the HM Revenue & Customs approved rate.

8.	RELATED PARTY DISCLOSURES

During the accounting period, a loan existed between the company and J B Old Farms Limited, a company whom Mr J B Old is a director and 100% shareholder.

The total amount owing by JB Old (Farms) Limited was £11,352 (2024 £77,010). A management charge of £50,000 plus VAT was charged in the year.

9.	ULTIMATE CONTROLLING PARTY

During the period, the company was controlled by Mr & Mrs J B Old, by virtue of the fact that between them they own 100% of the company's issued ordinary share capital.