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REGISTERED NUMBER: 01061926 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

JOHN F.BROTHERS LIMITED

JOHN F.BROTHERS LIMITED (REGISTERED NUMBER: 01061926)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN F.BROTHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: J F Brothers
Mrs J M Brothers





REGISTERED OFFICE: Dunloe
Lower Road
Little Hallingbury
Bishops Stortford
Herts
CM22 7QZ





REGISTERED NUMBER: 01061926 (England and Wales)





ACCOUNTANTS: Barrow LLP
Rae House
Dane Street
Bishops Stortford
Herts
CM23 3BT

JOHN F.BROTHERS LIMITED (REGISTERED NUMBER: 01061926)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 7,252 8,700
Investments 6 3 3
Investment property 7 3,540,000 3,540,000
3,547,255 3,548,703

CURRENT ASSETS
Debtors 8 3,432 3,834
Cash at bank 26,869 62,099
30,301 65,933
CREDITORS
Amounts falling due within one year 9 (31,103 ) (105,702 )
NET CURRENT LIABILITIES (802 ) (39,769 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,546,453 3,508,934

PROVISIONS FOR LIABILITIES (585,115 ) (444,961 )
NET ASSETS 2,961,338 3,063,973

CAPITAL AND RESERVES
Called up share capital 10 800 800
Revaluation reserve 11 2,099,845 2,239,839
Retained earnings 860,693 823,334
SHAREHOLDERS' FUNDS 2,961,338 3,063,973

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

JOHN F.BROTHERS LIMITED (REGISTERED NUMBER: 01061926)

BALANCE SHEET - continued
31 JULY 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 27 October 2023 and were signed on its behalf by:





J F Brothers - Director


JOHN F.BROTHERS LIMITED (REGISTERED NUMBER: 01061926)

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

1. STATUTORY INFORMATION

John F.Brothers 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 (£).


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 represents a combination of sales and work done within the construction industry and rental income received in relation to the company's investment properties.

The accounting policy in relation to the recognition of turnover in terms of the sales and work done within the construction industry is that it is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The accounting policy in relation to the recognition of turnover in terms of the rental income is that it is recognised evenly over the term of each lease to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

In accordance with the Financial Reporting Standard for Smaller Entities and with SSAP 19, no depreciation of investment properties is necessary. The directors do not consider the market value to be materially different from the book value. Compliance with this accounting standard is a departure from the Companies Act 1985, but is necessary in order for the financial statements to give a true and fair view.


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.

JOHN F.BROTHERS LIMITED (REGISTERED NUMBER: 01061926)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where is it recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.

Pension costs and other post-retirement benefits
The company pays contributions to a director's personal pension scheme. Contributions payable for the year are charged in the profit and loss account.

4. EMPLOYEES AND DIRECTORS

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

JOHN F.BROTHERS LIMITED (REGISTERED NUMBER: 01061926)

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

5. TANGIBLE FIXED ASSETS
Plant & Motor
equipment vehicles Totals
£    £    £   
COST
At 1 August 2022 28,284 5,500 33,784
Additions 375 - 375
At 31 July 2023 28,659 5,500 34,159
DEPRECIATION
At 1 August 2022 24,396 688 25,084
Charge for year 620 1,203 1,823
At 31 July 2023 25,016 1,891 26,907
NET BOOK VALUE
At 31 July 2023 3,643 3,609 7,252
At 31 July 2022 3,888 4,812 8,700

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 3
NET BOOK VALUE
At 31 July 2023 3
At 31 July 2022 3

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 3,540,000
NET BOOK VALUE
At 31 July 2023 3,540,000
At 31 July 2022 3,540,000

JOHN F.BROTHERS LIMITED (REGISTERED NUMBER: 01061926)

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

7. INVESTMENT PROPERTY - continued

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2018 2,129,920
Valuation in 2019 180,000
Valuation in 2021 173,235
Valuation in 2022 200,000
Cost 856,845
3,540,000

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

31.7.23 31.7.22
£    £   
Cost 856,845 856,845

Investment properties were valued on an open market basis on by the directors .

It was considered that the values of the investment properties were not materially different from those at the previous balance sheet date.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 3,432 3,834

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 2,123 6,309
Taxation and social security 17,696 20,003
Other creditors 11,284 79,390
31,103 105,702

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
655 Ordinary A £1 655 655
145 Ordinary B & Ordinary C £1 145 145
800 800

JOHN F.BROTHERS LIMITED (REGISTERED NUMBER: 01061926)

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

11. RESERVES
Revaluation
reserve
£   
At 1 August 2022 2,239,839
Transfer of deferred tax (139,994 )

At 31 July 2023 2,099,845