John Booth & Sons (Lincoln) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01840762 (England and Wales)

JOHN BOOTH & SONS (LINCOLN) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs V M Booth

J R Booth

Mrs C A Booth

REGISTERED OFFICE:

Ranby Hall

Ranby

Market Rasen

Lincolnshire

LN8 5LN

REGISTERED NUMBER:

01840762 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Tangible assets

4

811,653

745,857

Investments

5

Investment property

6

925,000

1,736,658

1,670,862

CURRENT ASSETS

Debtors

7

2,458

17,244

Investments

8

2,600,396

2,472,390

Cash at bank

10,000

2,612,854

2,499,634

CREDITORS

Amounts falling due within one year

9

237,588

245,017

NET CURRENT ASSETS

2,375,266

2,254,617

TOTAL ASSETS LESS CURRENT LIABILITIES

4,111,924

3,925,479

PROVISIONS FOR LIABILITIES

29,501

NET ASSETS

4,082,423

3,895,978

CAPITAL AND RESERVES

Called up share capital

10

18,026

Share premium

11

293,502

Revaluation reserve

11

181,607

Retained earnings

11

3,589,288

3,402,843

SHAREHOLDERS' FUNDS

4,082,423

3,895,978

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 and authorised for issue by the Board of Directors and authorised for issue on 26 October 2026 and were signed on its behalf by:

J R Booth - Director

1.	STATUTORY INFORMATION

John Booth & Sons (Lincoln) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the income statement and the revaluation reserve. No depreciation is provided in respect of investment properties.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

The deferred tax provision relates principally to gains arising on the revaluation of investment properties.

Investment in partnership

The company is a partner in J Booth & Son Farming Partnership and accounts for its interest based on its share of the partnership's net assets at the reporting date. The Company's share of the results of the Partnership is included in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST

At 1 April 2025

743,314

59,000

802,314

Additions

-

70,000

At 31 March 2026

743,314

129,000

872,314

DEPRECIATION

At 1 April 2025

-

56,457

Charge for year

-

4,204

At 31 March 2026

-

60,661

NET BOOK VALUE

At 31 March 2026

743,314

68,339

811,653

At 31 March 2025

743,314

2,543

745,857

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

and 31 March 2026

5

NET BOOK VALUE

At 31 March 2026

5

At 31 March 2025

5

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

925,000

NET BOOK VALUE

At 31 March 2026

925,000

At 31 March 2025

925,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

925,000

The investment properties were valued by a director and an independent valuer having considered the fair value of the individual properties.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

1,875

8

Other debtors

583

Tax

-

16,653

2,458

17,244

8.	CURRENT ASSET INVESTMENTS

2026

2025

£

Capital account in J Booth & Son Farming
Partnership

2,600,396

2,472,390

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

6,505

24,582

Amounts owed to group undertakings

9,247

-

Other taxes and social security

13,955

3,477

Directors' current accounts

204,861

214,108

Accrued expenses

3,020

2,850

237,588

245,017

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

18,026

Ordinary

£1

18,026

11.

RESERVES

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the identification of profits available for distribution.