REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2022 to 31 March 2023 |
for |
J A Garner Associates Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2022 to 31 March 2023 |
for |
J A Garner Associates Ltd |
J A Garner Associates Ltd (Registered number: 03989841) |
Contents of the Financial Statements |
for the Period 1 January 2022 to 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
J A Garner Associates Ltd |
Company Information |
for the Period 1 January 2022 to 31 March 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Suite 5 Corum 2 |
Corum Office Park |
Crown Way |
Warmley |
Bristol |
BS30 8FJ |
J A Garner Associates Ltd (Registered number: 03989841) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.12.21 |
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 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
J A Garner Associates Ltd (Registered number: 03989841) |
Balance Sheet - continued |
31 March 2023 |
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. |
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 |
J A Garner Associates Ltd (Registered number: 03989841) |
Notes to the Financial Statements |
for the Period 1 January 2022 to 31 March 2023 |
1. | STATUTORY INFORMATION |
J A Garner Associates Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
There have been no material departures from the Financial Reporting Standard 102 1A. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover represents amounts receivable for rent and service charges. |
The company recognises revenue when: |
- the amount of revenue can be reliably measured; |
- it is probable that future economic benefits will flow to the entity; |
- the entity retains neither continuing managerial involvement to the degree usually associated with ownership; |
- the costs incurred or to be incurred in respect of the transaction can be measured reliably; |
- all of the significant risks and rewards of ownership have been transferred to the customer; and |
- specific criteria have been met for each of the company's activities. |
Tangible fixed assets |
Fixtures and fittings | - |
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. |
J A Garner Associates Ltd (Registered number: 03989841) |
Notes to the Financial Statements - continued |
for the Period 1 January 2022 to 31 March 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 period 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 period was |
J A Garner Associates Ltd (Registered number: 03989841) |
Notes to the Financial Statements - continued |
for the Period 1 January 2022 to 31 March 2023 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 January 2022 |
Disposals | ( |
) |
At 31 March 2023 |
DEPRECIATION |
At 1 January 2022 |
Charge for period |
Eliminated on disposal | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 December 2021 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2022 |
Disposals | ( |
) |
Revaluations | 50,000 |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 December 2021 |
The fair value of the investment properties has been arrived at by a valuation by the directors at their open market value at 31 March 2023 based on similar properties. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.12.21 |
£ | £ |
Other debtors |
J A Garner Associates Ltd (Registered number: 03989841) |
Notes to the Financial Statements - continued |
for the Period 1 January 2022 to 31 March 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.12.21 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | RELATED PARTY DISCLOSURES |
Other related parties |
The loan from other related parties is interest free and repayable on demand. |
31.3.23 | 31.12.21 |
£ | £ |
Amount due to related party at the balance sheet date | 959,707 | - |