REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 6 October 2021 to 28 February 2023 |
for |
J.W. Simpkin (Holdings) Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 10 |
Retained earnings | 10 |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
At 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
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 |
Revaluations | 181,217 |
At 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
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 |
Other debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Trade creditors |
Tax |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Loan |
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 |
The loan is secured on property owned by the company. |
10. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
Profit for the period |
Dividends | ( |
) | ( |
) |
Transfer deferred tax | 33,000 | (33,000 | ) | - |
Gain on revaluation | (181,217 | ) | 181,217 | - |
At 28 February 2023 | 575,421 |