Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-01-01falseProperty Search Agent32truetrue 07086408 2021-01-01 2021-12-31 07086408 2020-01-01 2020-12-31 07086408 2021-12-31 07086408 2020-12-31 07086408 c:Director1 2021-01-01 2021-12-31 07086408 d:Buildings 2021-01-01 2021-12-31 07086408 d:Buildings 2021-12-31 07086408 d:Buildings 2020-12-31 07086408 d:Buildings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 07086408 d:OfficeEquipment 2021-01-01 2021-12-31 07086408 d:OfficeEquipment 2021-12-31 07086408 d:OfficeEquipment 2020-12-31 07086408 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 07086408 d:OtherPropertyPlantEquipment 2021-01-01 2021-12-31 07086408 d:OtherPropertyPlantEquipment 2021-12-31 07086408 d:OtherPropertyPlantEquipment 2020-12-31 07086408 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 07086408 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 07086408 d:CurrentFinancialInstruments 2021-12-31 07086408 d:CurrentFinancialInstruments 2020-12-31 07086408 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07086408 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 07086408 d:ShareCapital 2021-12-31 07086408 d:ShareCapital 2020-12-31 07086408 d:RetainedEarningsAccumulatedLosses 2021-12-31 07086408 d:RetainedEarningsAccumulatedLosses 2020-12-31 07086408 c:FRS102 2021-01-01 2021-12-31 07086408 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 07086408 c:FullAccounts 2021-01-01 2021-12-31 07086408 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 07086408 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 07086408 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 07086408 d:RetirementBenefitObligationsDeferredTax 2021-12-31 07086408 d:RetirementBenefitObligationsDeferredTax 2020-12-31 07086408 2 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 07086408










JAMIESON PROPERTY SEARCH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
JAMIESON PROPERTY SEARCH LIMITED
REGISTERED NUMBER: 07086408

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
28,122
30,051

  
28,122
30,051

Current assets
  

Debtors: amounts falling due within one year
 5 
7,471
1,344

Cash at bank and in hand
  
233,353
132,930

  
240,824
134,274

Creditors: amounts falling due within one year
 6 
(145,176)
(109,483)

Net current assets
  
 
 
95,648
 
 
24,791

Total assets less current liabilities
  
123,770
54,842

Provisions for liabilities
  

Deferred tax
 7 
(4,465)
(4,491)

  
 
 
(4,465)
 
 
(4,491)

Net assets
  
119,305
50,351


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
119,205
50,251

  
119,305
50,351


Page 1

 
JAMIESON PROPERTY SEARCH LIMITED
REGISTERED NUMBER: 07086408
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J G Auldjo-Jamieson
Director

Date: 17 August 2022

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Jamieson Property Search Limited is a private company limited by shares and incorporated in England and Wales, registration number 07086408. The registered office is The Old Vicarage, Blacksmiths Lane, Hindringham, Fakenham, Norfolk, NR21 0QA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The Directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance method.

Depreciation is provided on the following basis:

Freehold property
-
10 years straight line
Furniture, fittings and equipment
-
5 years straight line
Other fixed assets
-
4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 2).

Page 6

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Freehold property
Furniture, fittings and equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 January 2021
18,302
15,223
30,194
63,719


Additions
-
2,457
6,125
8,582


Disposals
-
(7,204)
-
(7,204)



At 31 December 2021

18,302
10,476
36,319
65,097



Depreciation


At 1 January 2021
11,896
9,792
11,980
33,668


Charge for the year on owned assets
1,830
1,669
6,252
9,751


Disposals
-
(6,444)
-
(6,444)



At 31 December 2021

13,726
5,017
18,232
36,975



Net book value



At 31 December 2021
4,576
5,459
18,087
28,122



At 31 December 2020
6,406
5,431
18,214
30,051


5.


Debtors

2021
2020
£
£


Other debtors
-
626

Prepayments and accrued income
7,471
718

7,471
1,344


Page 7

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
4,801
1,283

Corporation tax
36,708
14,680

Other taxation and social security
10,254
3,916

Other creditors
85,982
80,901

Accruals and deferred income
7,431
8,703

145,176
109,483



7.


Deferred taxation




2021


£






At beginning of year
(4,491)


Charged to profit or loss
26



At end of year
(4,465)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
(4,474)
(4,493)

Pension surplus
9
2

(4,465)
(4,491)


8.


Related party transactions

At the year end the directors were owed £85,101 (2020: £78,864) which is repayable on demand.

 
Page 8