JRB Farm Ltd - Filleted accounts

Registered number

11788256

JRB Farm Ltd

Filleted Accounts

30 April 2026

JRB Farm Ltd
Registered number:		11788256
Balance Sheet
as at 30 April 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,206,988			1,269,001
Investments	4		1,000,100			1,000,100
			2,207,088			2,269,101

Current assets
Stocks		577,220			497,410
Debtors	5	63,200			23,945
Prepayments		34,307			28,968
Investments held as current assets	6	18,941			15,926
Cash at bank and in hand		-			32,222
		693,668			598,471

Creditors: amounts falling due within one year	7	(154,665)			(568,372)

Net current assets			539,003			30,099

Total assets less current liabilities			2,746,091			2,299,200

Creditors: amounts falling due after more than one year	8		(1,164,858)			(922,901)

Net assets			1,581,233			1,376,299

Capital and reserves
Called up share capital			102			102
Profit and loss account			1,581,131			1,376,197

Shareholders' funds			1,581,233			1,376,299

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr J N Briggs
Director
Approved by the board on 3 August 2026

JRB Farm Ltd
Notes to the Accounts
for the year ended 30 April 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixed infrastructure			over 20 years
	Plant and machinery			10% straight line
	Motor vehicles			25% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2025	424,401		982,709		23,000		1,430,110
	Additions	-		34,608		26,250		60,858
	Disposals	-		-		(17,500)		(17,500)
	At 30 April 2026	424,401		1,017,317		31,750		1,473,468

	Depreciation
	At 1 May 2025	6,426		140,123		14,560		161,109
	Charge for the year	21,099		89,090		7,332		117,521
	On disposals	-		-		(12,150)		(12,150)
	At 30 April 2026	27,525		229,213		9,742		266,480

	Net book value
	At 30 April 2026	396,876		788,104		22,008		1,206,988
	At 30 April 2025	417,975		842,586		8,440		1,269,001


4	Investments

Other
investments
£
	Cost
	At 1 May 2025							1,000,100

	At 30 April 2026							1,000,100


5	Debtors					2026		2025
£							£

	Trade debtors					46,616		20,246
	Other debtors					16,584		3,699
						63,200		23,945


6	Investments held as current assets					2026		2025
£							£
	Fair value
	Unlisted investments					18,941		15,926



7	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					77,639		532,510
	Trade creditors					35,818		35,862
	Other creditors					41,208		-
						154,665		568,372


8	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					1,118,255		804,229
	Directors' Loan accounts					46,603		118,672
						1,164,858		922,901


9	Loans					2026		2025
£							£
	Creditors include:

	Secured bank loans					1,165,922		1,336,739


10	Controlling party

	Mr J N Briggs and Mrs R M Briggs control the company, being directors and owners of the issued voting share capital.


11	Other information

	JRB Farm Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Lenton Farm
	Chittlehamholt
	Umberleigh
	Devon
	EX37 9HE