J.E STRUTT ( LONDON ) LIMITED 01442509 false 2022-04-05 2023-03-31 2023-03-31 The principal activity of the company is Property Investment & Letting Digita Accounts Production Advanced 6.30.9574.0 true true 01442509 2022-04-05 2023-03-31 01442509 2023-03-31 01442509 bus:OrdinaryShareClass1 2023-03-31 01442509 core:RetainedEarningsAccumulatedLosses 2023-03-31 01442509 core:RevaluationReserve 2023-03-31 01442509 core:ShareCapital 2023-03-31 01442509 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01442509 core:FurnitureFittingsToolsEquipment 2023-03-31 01442509 bus:SmallEntities 2022-04-05 2023-03-31 01442509 bus:AuditExemptWithAccountantsReport 2022-04-05 2023-03-31 01442509 bus:FullAccounts 2022-04-05 2023-03-31 01442509 bus:SmallCompaniesRegimeForAccounts 2022-04-05 2023-03-31 01442509 bus:RegisteredOffice 2022-04-05 2023-03-31 01442509 bus:CompanySecretary1 2022-04-05 2023-03-31 01442509 bus:Director3 2022-04-05 2023-03-31 01442509 bus:Director4 2022-04-05 2023-03-31 01442509 bus:OrdinaryShareClass1 2022-04-05 2023-03-31 01442509 bus:PrivateLimitedCompanyLtd 2022-04-05 2023-03-31 01442509 bus:Agent1 2022-04-05 2023-03-31 01442509 core:RetainedEarningsAccumulatedLosses 2022-04-05 2023-03-31 01442509 core:RevaluationReserve 2022-04-05 2023-03-31 01442509 core:ShareCapital 2022-04-05 2023-03-31 01442509 core:FurnitureFittings 2022-04-05 2023-03-31 01442509 core:FurnitureFittingsToolsEquipment 2022-04-05 2023-03-31 01442509 countries:England 2022-04-05 2023-03-31 01442509 2022-04-04 01442509 core:RetainedEarningsAccumulatedLosses 2022-04-04 01442509 core:RevaluationReserve 2022-04-04 01442509 core:ShareCapital 2022-04-04 01442509 core:FurnitureFittingsToolsEquipment 2022-04-04 01442509 2021-04-05 2022-04-04 01442509 2022-04-04 01442509 bus:OrdinaryShareClass1 2022-04-04 01442509 core:RetainedEarningsAccumulatedLosses 2022-04-04 01442509 core:RevaluationReserve 2022-04-04 01442509 core:ShareCapital 2022-04-04 01442509 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-04 01442509 core:FurnitureFittingsToolsEquipment 2022-04-04 01442509 core:RetainedEarningsAccumulatedLosses 2021-04-05 2022-04-04 01442509 core:RevaluationReserve 2021-04-05 2022-04-04 01442509 core:ShareCapital 2021-04-05 2022-04-04 01442509 2021-04-04 01442509 core:RetainedEarningsAccumulatedLosses 2021-04-04 01442509 core:RevaluationReserve 2021-04-04 01442509 core:ShareCapital 2021-04-04 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01442509

J.E STRUTT ( LONDON ) LIMITED

Unaudited Filleted Financial Statements

for the Period from 5 April 2022 to 31 March 2023

 

J.E STRUTT ( LONDON ) LIMITED

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 10

 

J.E STRUTT ( LONDON ) LIMITED

Company Information

Directors

Mrs Lynn Frances Strutt

Mr John Howard Strutt

Company secretary

Cobat Secretarial Services Limited

Registered office

1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

Accountants

Brian Nuttgens Accountants Ltd
Chartered Certified Accountants
1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
J.E STRUTT ( LONDON ) LIMITED
for the Period Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J.E STRUTT ( LONDON ) LIMITED for the period ended 31 March 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of J.E STRUTT ( LONDON ) LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of the Company and state those matters that we have agreed to state to the Board of Directors of the Company, as a body, in this report in accordance with
the requirements of the Association of Chartered Certified Accountants as detailed at
http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/october/factsheet
-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that J.E STRUTT ( LONDON ) LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of the Company. You consider that J.E STRUTT ( LONDON ) LIMITED is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brian Nuttgens Accountants Ltd
Chartered Certified Accountants
1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

28 November 2023

 

J.E STRUTT ( LONDON ) LIMITED

(Registration number: 01442509)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

fixed assets

 

tangible assets

4

2,069

2,585

Investment property

5

6,600,000

6,600,000

 

6,602,069

6,602,585

Current assets

 

Cash at bank and in hand

 

217,624

400,850

Creditors: Amounts falling due within one year

6

(59,906)

(111,879)

Net current assets

 

157,718

288,971

Total assets less current liabilities

 

6,759,787

6,891,556

Provisions for liabilities
Deferred tax

 

(931,709)

(931,709)

Net assets

 

5,828,078

5,959,847

capital and reserves

 

Called up share capital

7

100

100

Retained earnings

1,136,551

1,268,320

Fair value reserve

 

4,691,427

4,691,427

Total equity

 

5,828,078

5,959,847

For the financial period 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 members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

 

J.E STRUTT ( LONDON ) LIMITED

(Registration number: 01442509)
Balance Sheet as at 31 March 2023

.........................................
Mr John Howard Strutt
Director

 

J.E STRUTT ( LONDON ) LIMITED

Statement of Changes in Equity for the Period from 5 April 2022 to 31 March 2023

Share capital
£

Fair value reserve
£

Profit and loss account
£

Total
£

At 5 April 2022

100

4,691,427

1,268,320

5,959,847

Profit for the period

-

-

68,231

68,231

Total comprehensive income

-

-

68,231

68,231

Dividends

-

-

(200,000)

(200,000)

At 31 March 2023

100

4,691,427

1,136,551

5,828,078

Share capital
£

Fair Value reserve
£

Profit and loss account
£

Total
£

At 5 April 2021

100

4,562,771

1,023,649

5,586,520

Profit for the period

-

-

304,671

304,671

Other comprehensive income

-

128,656

-

128,656

Total comprehensive income

-

128,656

304,671

433,327

Dividends

-

-

(60,000)

(60,000)

At 4 April 2022

100

4,691,427

1,268,320

5,959,847

 

J.E STRUTT ( LONDON ) LIMITED

Notes to the Unaudited Financial Statements for the Period from 5 April 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

These financial statements were authorised for issue by the Board on 28 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

J.E STRUTT ( LONDON ) LIMITED

Notes to the Unaudited Financial Statements for the Period from 5 April 2022 to 31 March 2023

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 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.
 

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

20% on reducing balance

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..

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

J.E STRUTT ( LONDON ) LIMITED

Notes to the Unaudited Financial Statements for the Period from 5 April 2022 to 31 March 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2022 - 2).

 

J.E STRUTT ( LONDON ) LIMITED

Notes to the Unaudited Financial Statements for the Period from 5 April 2022 to 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 5 April 2022

10,596

10,596

At 31 March 2023

10,596

10,596

Depreciation

At 5 April 2022

8,011

8,011

Charge for the period

516

516

At 31 March 2023

8,527

8,527

Carrying amount

At 31 March 2023

2,069

2,069

At 4 April 2022

2,585

2,585

5

Investment properties

2023
£

At 5 April

6,600,000

At 31 March

6,600,000

Investment properties were valued on the open market basis on the 04th April 2023 by the company directors.

 

J.E STRUTT ( LONDON ) LIMITED

Notes to the Unaudited Financial Statements for the Period from 5 April 2022 to 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

2,985

1,469

Taxation and social security

16,059

62,799

Accruals and deferred income

22,702

23,859

Other creditors

18,160

23,752

59,906

111,879

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

8

Dividends

   

2023

 

2022

   

£

 

£

Final dividend of £2,000.00 (2022 - £600.00) per ordinary share

 

200,000

 

60,000