COMPANY REGISTRATION NUMBER:
08782684
Filleted Financial Statements |
|
R E Jones & Co
Statement of Financial Position |
|
30 June 2023
Fixed assets
Current assets
Debtors |
6 |
4 |
|
4 |
|
---- |
|
---- |
Net current assets |
|
4 |
4 |
|
|
---- |
---- |
Total assets less current liabilities |
|
100 |
100 |
|
|
---- |
---- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
|
|
---- |
---- |
Shareholders funds |
|
100 |
100 |
|
|
---- |
---- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
22 November 2023
, and are signed on behalf of the board by:
Mr P Lucas |
Mr C Trowell |
Director |
Director |
|
|
Company registration number:
08782684
R E Jones & Co
Notes to the Financial Statements |
|
Year ended 30 June 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16-17 Schooner Park, Schooner Court, Dartford, DA2 6NW.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Charges
Investec Bank plc held 2 charges over the Company, both dated 16 August 2018. The first contains a fixed charge and a negative pledge. The second contains a fixed charge, a negative pledge and a floating charge covering all property or undertaking of the Company. These charges were satisfied on 31 August 2022.
5.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 1 July 2022 and 30 June 2023 |
96 |
|
---- |
Impairment |
|
At 1 July 2022 and 30 June 2023 |
– |
|
---- |
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|
Carrying amount |
|
At 30 June 2023 |
96 |
|
---- |
At 30 June 2022 |
96 |
|
---- |
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6.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Other debtors |
4 |
4 |
|
---- |
---- |
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7.
Summary audit opinion
The auditor's report for the year dated
22 November 2023
was
unqualified
.
The senior statutory auditor was
S E Jones
, for and on behalf of
R. E. Jones & Co.
.
8.
Related party transactions
The Company has taken advantage of the available exemption conferred by section 1AC.35 of FRS 102 not to disclose transactions with wholly owned members of the group.
9.
Controlling party
The Company's ultimate parent company is Artic Holdings Limited, which was registered in England and Wales, registration number 11472746, the registered office is 16-17 Schooner Court, Crossways Business Park, Dartford, Kent, England DA2 6NW.