Registered number
00580835
Jessopp Brothers (Bournemouth) Limited
Filleted Accounts
30 March 2023
Jessopp Brothers (Bournemouth) Limited
Registered number: 00580835
Balance Sheet
as at 30 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,446,108 1,446,108
Current assets
Debtors 4 965 773
Cash at bank and in hand 73,109 92,817
74,074 93,590
Creditors: amounts falling due within one year 5 (352,364) (375,173)
Net current liabilities (278,290) (281,583)
Total assets less current liabilities 1,167,818 1,164,525
Creditors: amounts falling due after more than one year 6 (1,022,106) (1,024,855)
Net assets 145,712 139,670
Capital and reserves
Called up share capital 100 100
Profit and loss account 145,612 139,570
Shareholders' funds 145,712 139,670
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T F Jessopp
Director
Approved by the board on 18 December 2023
Jessopp Brothers (Bournemouth) Limited
Notes to the Accounts
for the year ended 30 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the rentals received or receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price). Loans and other financial assets are recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings
£
Cost
At 31 March 2022 1,446,108
At 30 March 2023 1,446,108
Depreciation
At 30 March 2023 -
Net book value
At 30 March 2023 1,446,108
At 30 March 2022 1,446,108
4 Debtors 2023 2022
£ £
Trade debtors 865 673
Other debtors 100 100
965 773
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 14,557
Trade creditors 990 1,014
Taxation and social security costs 1,417 9,644
Other creditors 349,957 349,958
352,364 375,173
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,022,106 1,024,855
7 Other information
Jessopp Brothers (Bournemouth) Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Balena Close
Creekmoor Industrial Estate
Poole
Dorset
BH17 7DD
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