Silverfin false 31/03/2023 01/04/2022 31/03/2023 A Johannsen 01/04/2015 L R Johannsen 01/04/2015 20 November 2023 The principal activity of the Company during the financial year was that of an investment company. 09521371 2023-03-31 09521371 bus:Director1 2023-03-31 09521371 bus:Director2 2023-03-31 09521371 2022-03-31 09521371 core:CurrentFinancialInstruments 2023-03-31 09521371 core:CurrentFinancialInstruments 2022-03-31 09521371 core:ShareCapital 2023-03-31 09521371 core:ShareCapital 2022-03-31 09521371 core:RetainedEarningsAccumulatedLosses 2023-03-31 09521371 core:RetainedEarningsAccumulatedLosses 2022-03-31 09521371 core:InvestmentPropertyIncludedWithinPPE 2022-03-31 09521371 core:OfficeEquipment 2022-03-31 09521371 core:InvestmentPropertyIncludedWithinPPE 2023-03-31 09521371 core:OfficeEquipment 2023-03-31 09521371 bus:OrdinaryShareClass1 2023-03-31 09521371 bus:OrdinaryShareClass2 2023-03-31 09521371 2022-04-01 2023-03-31 09521371 bus:FullAccounts 2022-04-01 2023-03-31 09521371 bus:SmallEntities 2022-04-01 2023-03-31 09521371 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09521371 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09521371 bus:Director1 2022-04-01 2023-03-31 09521371 bus:Director2 2022-04-01 2023-03-31 09521371 core:OfficeEquipment core:TopRangeValue 2022-04-01 2023-03-31 09521371 2021-04-01 2022-03-31 09521371 core:InvestmentPropertyIncludedWithinPPE 2022-04-01 2023-03-31 09521371 core:OfficeEquipment 2022-04-01 2023-03-31 09521371 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09521371 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 09521371 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 09521371 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09521371 (England and Wales)

JOHANNSEN PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

JOHANNSEN PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

JOHANNSEN PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
JOHANNSEN PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS A Johannsen
L R Johannsen
REGISTERED OFFICE 3 Filers Way
Weston Gateway Business Park
Weston-Super-Mare
BS24 7JP
United Kingdom
COMPANY NUMBER 09521371 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
3 Filers Way
Weston Gateway Business Park
Weston-super-Mare
Somerset
BS24 7JP
JOHANNSEN PROPERTIES LIMITED

BALANCE SHEET

As at 31 March 2023
JOHANNSEN PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 265,533 265,846
265,533 265,846
Current assets
Debtors 5 0 115
Cash at bank and in hand 6 134 1,669
134 1,784
Creditors: amounts falling due within one year 7 ( 212,382) ( 224,243)
Net current liabilities (212,248) (222,459)
Total assets less current liabilities 53,285 43,387
Net assets 53,285 43,387
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 53,185 43,287
Total shareholders' funds 53,285 43,387

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Johannsen Properties Limited (registered number: 09521371) were approved and authorised for issue by the Board of Directors on 20 November 2023. They were signed on its behalf by:

L R Johannsen
Director
JOHANNSEN PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
JOHANNSEN PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Johannsen Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Filers Way, Weston Gateway Business Park, Weston-Super-Mare, BS24 7JP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property not depreciated
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Dividends on equity shares

2023 2022
£ £
Amounts recognised as distributions to equity holders in the financial year:
Interim dividend for the financial year ended 31 March 2023 of £40 (2022: £40) per ordinary share 4,000 4,000

4. Tangible assets

Investment property Office equipment Total
£ £ £
Cost
At 01 April 2022 265,533 1,497 267,030
At 31 March 2023 265,533 1,497 267,030
Accumulated depreciation
At 01 April 2022 0 1,184 1,184
Charge for the financial year 0 313 313
At 31 March 2023 0 1,497 1,497
Net book value
At 31 March 2023 265,533 0 265,533
At 31 March 2022 265,533 313 265,846

5. Debtors

2023 2022
£ £
Other debtors 0 115

6. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 134 1,669

7. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 3,333 3,278
Other creditors 209,049 220,965
212,382 224,243

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100