Janaway Farms Limited - Accounts to registrar (filleted) - small 18.2

Janaway Farms Limited - Accounts to registrar (filleted) - small 18.2

JANAWAY FARMS LIMITED - Company Information

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REGISTERED NUMBER: 01425545 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

JANAWAY FARMS LIMITED
JANAWAY FARMS LIMITED (REGISTERED NUMBER: 01425545)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JANAWAY FARMS LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2020







DIRECTOR: Mrs A M Janaway





SECRETARY: Martin and Company (Company Secretaries) Limited





REGISTERED OFFICE: Ford Farm
Upton Grey
Basingstoke
Hampshire
RG25 2RP





REGISTERED NUMBER: 01425545 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ
Page 1
JANAWAY FARMS LIMITED (REGISTERED NUMBER: 01425545)


BALANCE SHEET
30 SEPTEMBER 2020

30.9.20 30.9.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 156,112 156,134

CURRENT ASSETS
Debtors 5 40,047 43,235
Investments 6 262,461 235,355
Cash at bank 397,992 401,812
700,500 680,402
CREDITORS
Amounts falling due within one year 7 4,815 5,523
NET CURRENT ASSETS 695,685 674,879
TOTAL ASSETS LESS CURRENT
LIABILITIES
851,797
831,013

CREDITORS
Amounts falling due after more than one
year
8
685,939
685,939
NET ASSETS 165,858 145,074

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 165,758 144,974
SHAREHOLDERS' FUNDS 165,858 145,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
JANAWAY FARMS LIMITED (REGISTERED NUMBER: 01425545)


BALANCE SHEET - continued
30 SEPTEMBER 2020


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 23 June 2021 and were signed by:





Mrs A M Janaway - Director


The notes form part of these financial statements

Page 3
JANAWAY FARMS LIMITED (REGISTERED NUMBER: 01425545)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020


1. STATUTORY INFORMATION

Janaway 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 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.
Land and buildings - 2% on cost
Plant and machinery etc - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

Page 4 continued...
JANAWAY FARMS LIMITED (REGISTERED NUMBER: 01425545)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2019
and 30 September 2020 155,987 22,408 178,395
DEPRECIATION
At 1 October 2019 - 22,261 22,261
Charge for year - 22 22
At 30 September 2020 - 22,283 22,283
NET BOOK VALUE
At 30 September 2020 155,987 125 156,112
At 30 September 2019 155,987 147 156,134

Included in cost of land and buildings is freehold land of £ 155,987 (2019 - £ 155,987 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade debtors 3,047 6,044
Amounts owed by group undertakings 37,000 37,000
Other debtors - 191
40,047 43,235

6. CURRENT ASSET INVESTMENTS
30.9.20 30.9.19
£    £   
Unlisted investments 262,461 235,355

The current asset investment represents the company's current account in Anne Janaway & Sons LLP at 30th September 2020. This includes the company's share of profits or losses and any expenses or income paid or received by the partnership on behalf of the company.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade creditors - 708
Other creditors 4,815 4,815
4,815 5,523

Page 5 continued...
JANAWAY FARMS LIMITED (REGISTERED NUMBER: 01425545)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.20 30.9.19
£    £   
Bank loans 70,000 70,000
Other creditors 615,939 615,939
685,939 685,939

Page 6