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REGISTERED NUMBER: 13199935 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

JOHNS' YARD 2 LIMITED

JOHNS' YARD 2 LIMITED (REGISTERED NUMBER: 13199935)

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










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


JOHNS' YARD 2 LIMITED (REGISTERED NUMBER: 13199935)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,350,000 1,350,000

CURRENT ASSETS
Debtors 5 6,617 7,642
Cash at bank 32,881 7,929
39,498 15,571
CREDITORS
Amounts falling due within one year 6 972,854 1,010,880
NET CURRENT LIABILITIES (933,356 ) (995,309 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,644

354,691

PROVISIONS FOR LIABILITIES 81,305 61,792
NET ASSETS 335,339 292,899

CAPITAL AND RESERVES
Called up share capital 7 1 1
Non-distributable reserves 8 243,917 263,430
Retained earnings 8 91,421 29,468
SHAREHOLDERS' FUNDS 335,339 292,899

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JOHNS' YARD 2 LIMITED (REGISTERED NUMBER: 13199935)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 November 2023 and were signed by:





J A Blake - Director


JOHNS' YARD 2 LIMITED (REGISTERED NUMBER: 13199935)

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


1. STATUTORY INFORMATION

Johns' Yard 2 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13199935

Registered office: Ratoath House
Hazelwood Close
Storrington
West Sussex
RH20 3HX

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

JOHNS' YARD 2 LIMITED (REGISTERED NUMBER: 13199935)

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


3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,350,000
NET BOOK VALUE
At 31 March 2023 1,350,000
At 31 March 2022 1,350,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2023 by the Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 1,350,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,617 6,449
Other debtors - 1,193
6,617 7,642

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 951,410 998,766
Taxation and social security 15,197 6,912
Other creditors 6,247 5,202
972,854 1,010,880

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

JOHNS' YARD 2 LIMITED (REGISTERED NUMBER: 13199935)

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


8. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 April 2022 29,468 263,430 292,898
Profit for the year 42,440 42,440
Reserves 19,513 (19,513 ) -
At 31 March 2023 91,421 243,917 335,338

Non-distributable reserves represent cumulative unrealised fair value movements on investment properties net of provisions for deferred taxation.

Transfers between retained earnings and non-distributable reserves represent the unrealised fair value movements on investment properties net of provisions for deferred taxation in the current year.

9. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

20232022
£ £
Amounts owed by/(to) J A Blake (Director)(2,800)(2,800)
Amounts owed by/(to) Johns' Yard Ltd (Group undertakings)(951,410)(998,766)

10. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking is Johns' Yard Limited.

The registered office of Johns' Yard Limited is Ratoath House, Hazelwood Close, Storrington, West Sussex, RH20 3HX, England.