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REGISTERED NUMBER: 04039932 (England and Wales)















Jeffries Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 December 2021






Jeffries Holdings Limited (Registered number: 04039932)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Jeffries Holdings Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: C D Jeffries



REGISTERED OFFICE: 4 Alexandra Parade
Weston-super-Mare
North Somerset
BS23 1QS



REGISTERED NUMBER: 04039932 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: HSBC Bank plc
30 High Street
Weston-super-Mare
North Somerset
BS23 1JE

Jeffries Holdings Limited (Registered number: 04039932)

Abridged Statement of Financial Position
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 282 137
Investment property 6 1,345,000 1,345,000
1,345,282 1,345,137

CURRENT ASSETS
Debtors - 2,160
Cash at bank 96,124 102,672
96,124 104,832
CREDITORS
Amounts falling due within one year 145,980 154,198
NET CURRENT LIABILITIES (49,856 ) (49,366 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,295,426

1,295,771

CREDITORS
Amounts falling due after more than one year 7 (35,833 ) (40,723 )

PROVISIONS FOR LIABILITIES (54,834 ) (54,805 )
NET ASSETS 1,204,759 1,200,243

CAPITAL AND RESERVES
Called up share capital 100 100
Investment property revaluation reserve 9 496,819 496,819
Retained earnings 707,840 703,324
SHAREHOLDERS' FUNDS 1,204,759 1,200,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Jeffries Holdings Limited (Registered number: 04039932)

Abridged Statement of Financial Position - continued
31 December 2021


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 August 2022 and were signed by:





C D Jeffries - Director


Jeffries Holdings Limited (Registered number: 04039932)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Jeffries Holdings 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 (£).


The principal activity of the company in the year under review was that of property letting and investment.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 15% on reducing balance

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 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.

Jeffries Holdings Limited (Registered number: 04039932)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021 2,466
Additions 250
At 31 December 2021 2,716
DEPRECIATION
At 1 January 2021 2,329
Charge for year 105
At 31 December 2021 2,434
NET BOOK VALUE
At 31 December 2021 282
At 31 December 2020 137

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 1,345,000
NET BOOK VALUE
At 31 December 2021 1,345,000
At 31 December 2020 1,345,000

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2005 248,404
Valuation in 2013 113,202
Valuation in 2014 95,000
Valuation in 2017 40,000
Valuation in 2020 55,000
Cost 793,394
1,345,000

Jeffries Holdings Limited (Registered number: 04039932)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.12.21 31.12.20
£    £   
Cost 793,394 793,394

Investment property was valued on an open market basis on 31 December 2021 by C D Jeffries, a director of the company .

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.21 31.12.20
£    £   
Repayable by instalments
Bank loans 16,833 22,323

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank loans 40,583 45,323

The loans are secured by fixed and floating charges over of all the company's assets.

9. RESERVES
Investment
property
revaluation
reserve
£   
At 1 January 2021
and 31 December 2021 496,819

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C D Jeffries and Mrs S J Jeffries.

The company was controlled throughout the current and previous periods by its director, C D Jeffries and his wife, Mrs S J Jeffries , as between them, they own all of the issued share capital of the company.