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REGISTERED NUMBER: 00518001 (England and Wales)















JENKINSONS HOLDINGS (STAFFORD) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






JENKINSONS HOLDINGS (STAFFORD) LIMITED (REGISTERED NUMBER: 00518001)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JENKINSONS HOLDINGS (STAFFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P D Goldsbrough
N F Chaplin





SECRETARY: P D Goldsbrough





REGISTERED OFFICE: St Albans Road
Astonfields
Stafford
Staffordshire
ST16 3DR





REGISTERED NUMBER: 00518001 (England and Wales)

JENKINSONS HOLDINGS (STAFFORD) LIMITED (REGISTERED NUMBER: 00518001)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 611,505 736,258
Investments 5 2 2
Investment property 6 665,000 665,000
1,276,507 1,401,260

CURRENT ASSETS
Debtors 7 2,826 2,471
Cash at bank 127,797 173,219
130,623 175,690
CREDITORS
Amounts falling due within one year 8 (163,255 ) (272,678 )
NET CURRENT LIABILITIES (32,632 ) (96,988 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,243,875 1,304,272

PROVISIONS FOR LIABILITIES (200,186 ) (185,341 )
NET ASSETS 1,043,689 1,118,931

CAPITAL AND RESERVES
Called up share capital 9 72,250 72,250
Revaluation reserve 10 492,623 509,744
Retained earnings 478,816 536,937
SHAREHOLDERS' FUNDS 1,043,689 1,118,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

JENKINSONS HOLDINGS (STAFFORD) LIMITED (REGISTERED NUMBER: 00518001)

BALANCE SHEET - continued
31 MARCH 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:





N F Chaplin - Director


JENKINSONS HOLDINGS (STAFFORD) LIMITED (REGISTERED NUMBER: 00518001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Jenkinsons Holdings (Stafford) 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Preparation of consolidated financial statements
The financial statements contain information about Jenkinsons Holdings (Stafford) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rental income
Rental income from operating leases (net of any incentives given to the lease's) is recognised on a straight-line basis over the lease term.

Management charges
Management charges are calculated by the directors on a monthly basis in order to recharge costs to the subsidiary company. This includes depreciation of equipment and motor vehicles, salaries, rent and building repairs.

Interest receivable
Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the period of the lease
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 10% - 25% reducing balance and 25% straight line or reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.

JENKINSONS HOLDINGS (STAFFORD) LIMITED (REGISTERED NUMBER: 00518001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

In the opinion of the directors the investment property is included at an amount that accords to its fair value at the balance sheet date. Revaluation surpluses are recognised in the profit and loss account. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Investments
Fixed asset investments are stated at cost.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating leases
With the exception of freehold investment property, assets held for use in operating leases are included in fixed assets at cost and depreciated over their useful life. Rental income from operating leases is recognised according to the terms of the lease which is revised annually.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

JENKINSONS HOLDINGS (STAFFORD) LIMITED (REGISTERED NUMBER: 00518001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 106,244 1,361,778 1,468,022
Additions - 65,536 65,536
Disposals - (30,250 ) (30,250 )
At 31 March 2023 106,244 1,397,064 1,503,308
DEPRECIATION
At 1 April 2022 46,518 685,246 731,764
Charge for year 1,201 189,088 190,289
Eliminated on disposal - (30,250 ) (30,250 )
At 31 March 2023 47,719 844,084 891,803
NET BOOK VALUE
At 31 March 2023 58,525 552,980 611,505
At 31 March 2022 59,726 676,532 736,258

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 2
NET BOOK VALUE
At 31 March 2023 2
At 31 March 2022 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 665,000
NET BOOK VALUE
At 31 March 2023 665,000
At 31 March 2022 665,000

JENKINSONS HOLDINGS (STAFFORD) LIMITED (REGISTERED NUMBER: 00518001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 1983 775,000
Valuation in 2004 455,000
Valuation in 2021 (565,000 )
665,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 86,337 86,337

The investment properties were valued on an open market value basis on 21 October 2020 by Rory Mack Associates .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 57 -
Prepayments 2,769 2,471
2,826 2,471

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 123,974 264,780
Tax 32,768 -
Accruals and deferred income 6,513 7,898
163,255 272,678

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
32,250 Ordinary £1 32,250 32,250
40,000 A Ordinary £1 40,000 40,000
72,250 72,250

JENKINSONS HOLDINGS (STAFFORD) LIMITED (REGISTERED NUMBER: 00518001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. CALLED UP SHARE CAPITAL - continued

Rights of A Ordinary shares

- No right to receive notice of, attend, or vote at any general meeting.

- To receive dividends as recommended by the directors.

- To participate in any surplus on winding up of the company, ranking pari-passu with ordinary shares.

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022 509,744
Deferred tax movement on revalued
investment properties

(17,121

)


At 31 March 2023 492,623