| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2018 |
| for |
| John Bradshaw (Farms) Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2018 |
| for |
| John Bradshaw (Farms) Limited |
| John Bradshaw (Farms) Limited (Registered number: 01281827) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| John Bradshaw (Farms) Limited |
| Company Information |
| for the Year Ended 31 March 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Eldo House, Kempson Way |
| Suffolk Business Park |
| Bury St Edmunds |
| Suffolk |
| IP32 7AR |
| John Bradshaw (Farms) Limited (Registered number: 01281827) |
| Balance Sheet |
| 31 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Fair value reserve | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| John Bradshaw (Farms) Limited (Registered number: 01281827) |
| Balance Sheet - continued |
| 31 March 2018 |
| 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 on by: |
| Mr D J T Bradshaw - Director | Mrs M E Bradshaw - Director |
| Mrs L E Beckham - Director |
| John Bradshaw (Farms) Limited (Registered number: 01281827) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| John Bradshaw (Farms) Limited is a |
| 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 |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Land is not depreciated. Freehold buildings are not depreciated because the directors consider any |
| depreciation would be immaterial due to their high residual value and long economic life. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes |
| in fair value is recognised in profit or loss. |
| 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. |
| John Bradshaw (Farms) Limited (Registered number: 01281827) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Impairment |
| At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but |
| excluding investment properties, are assessed to determine whether there is an indication that the carrying |
| amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is |
| an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in |
| use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable |
| amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an |
| impairment loss is recognised in profit and loss. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| Reclassification | ( |
) | ( |
) |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Revaluations | 309,359 |
| Reclassification | 25,641 |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| John Bradshaw (Farms) Limited (Registered number: 01281827) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 5. | INVESTMENT PROPERTY - continued |
| Fair value at 31 March 2018 is represented by: |
| £ |
| Valuation in 2018 | 309,359 |
| Cost | 25,641 |
| 335,000 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2018 | 2017 |
| £ | £ |
| Cost | 25,641 | - |
| Investment property was valued on an open market basis on 31 March 2018 by the directors . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| Other creditors includes an amount owed to the directors. |
| 8. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax |
| Revaluation of investment property | 45,397 | - |
| Accelerated capital allowances | 5,352 | 3,248 |
| 50,749 | 3,248 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2017 |
| Provided during year |
| Balance at 31 March 2018 |
| John Bradshaw (Farms) Limited (Registered number: 01281827) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| NIL | Ordinary | £1 | - | - |
| Ordinary A | 1p | 50 | 50 |
| Ordinary B | 1p | 50 | 50 |
| 100 | 100 |
| 10. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| Transfer | 263,962 |
| At 31 March 2018 |