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REGISTERED NUMBER: 13663691 (England and Wales)



















Unaudited Financial Statements

for the Period 6 October 2021 to 28 February 2023

for

J.W. Simpkin (Holdings) Limited

J.W. Simpkin (Holdings) Limited (Registered number: 13663691)






Contents of the Financial Statements
for the Period 6 October 2021 to 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.W. Simpkin (Holdings) Limited

Company Information
for the Period 6 October 2021 to 28 February 2023







DIRECTORS: S O Moore
J D Cokayne
S Lacey
R McHugh





REGISTERED OFFICE: Unit 10
High Holborn Road
Ripley
Derbyshire
DE5 3NW





REGISTERED NUMBER: 13663691 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

J.W. Simpkin (Holdings) Limited (Registered number: 13663691)

Balance Sheet
28 February 2023

Notes £    £   
FIXED ASSETS
Investments 4 200
Investment property 5 600,000
600,200

CURRENT ASSETS
Debtors 6 102,786
Cash at bank 84,247
187,033
CREDITORS
Amounts falling due within one year 7 14,317
NET CURRENT ASSETS 172,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

772,916

CREDITORS
Amounts falling due after more than one
year

8

(164,095

)

PROVISIONS FOR LIABILITIES (33,000 )
NET ASSETS 575,821

CAPITAL AND RESERVES
Called up share capital 400
Fair value reserve 10 148,217
Retained earnings 10 427,204
575,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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.

J.W. Simpkin (Holdings) Limited (Registered number: 13663691)

Balance Sheet - continued
28 February 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:





J D Cokayne - Director


J.W. Simpkin (Holdings) Limited (Registered number: 13663691)

Notes to the Financial Statements
for the Period 6 October 2021 to 28 February 2023

1. STATUTORY INFORMATION

J.W. Simpkin (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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about J.W. Simpkin (Holdings) 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 represents rental income receivable for the period and is recognised in the period that the rent relates to.

Investment property
Investment property is not depreciated but is revalued annually at its fair value. Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 200
At 28 February 2023 200
NET BOOK VALUE
At 28 February 2023 200

J.W. Simpkin (Holdings) Limited (Registered number: 13663691)

Notes to the Financial Statements - continued
for the Period 6 October 2021 to 28 February 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 418,783
Revaluations 181,217
At 28 February 2023 600,000
NET BOOK VALUE
At 28 February 2023 600,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 600,000

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

£   
Cost 418,783
Aggregate depreciation (8,767 )

Investment property was valued on a fair value basis on 28 February 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by related company 102,197
Other debtors 200
Prepayments 389
102,786

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 9,959
Trade creditors 657
Tax 2,201
Accrued expenses 1,500
14,317

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Loan 164,095

J.W. Simpkin (Holdings) Limited (Registered number: 13663691)

Notes to the Financial Statements - continued
for the Period 6 October 2021 to 28 February 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Loan 174,054

The loan is secured on property owned by the company.

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

Profit for the period 730,877 730,877
Dividends (155,456 ) (155,456 )
Transfer deferred tax 33,000 (33,000 ) -
Gain on revaluation (181,217 ) 181,217 -
At 28 February 2023 427,204 148,217 575,421