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REGISTERED NUMBER: 05574870 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31st July 2023

for

J & M Holdings (Colchester) Limited

J & M Holdings (Colchester) Limited (Registered number: 05574870)

Contents of the Financial Statements
for the year ended 31st July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & M Holdings (Colchester) Limited

Company Information
for the year ended 31st July 2023







DIRECTORS: Mr J T C Smith
Mr M Smith





SECRETARY: Mr M Smith





REGISTERED OFFICE: Unit 1 - 2 Hythe Quay
Colchester
Essex
CO2 8JB





REGISTERED NUMBER: 05574870 (England and Wales)





ACCOUNTANT: Paul David Nurton
Chartered Certified Accountant
2 Pinns Cottage
Rodhuish
Exmoor
Minehead
Somerset
TA24 6QL

J & M Holdings (Colchester) Limited (Registered number: 05574870)

Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,289 36,734
Investments 5 7,750 -
Investment property 6 1,290,667 1,277,732
1,340,706 1,314,466

CURRENT ASSETS
Debtors 7 35,071 3,651
Cash at bank and in hand 24,214 3,625
59,285 7,276
CREDITORS
Amounts falling due within one year 8 1,417,800 1,265,201
NET CURRENT LIABILITIES (1,358,515 ) (1,257,925 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,809

)

56,541

CAPITAL AND RESERVES
Called up share capital 9 12,500 12,500
Other reserves 10 (101,787 ) -
Retained earnings 10 71,478 44,041
SHAREHOLDERS' FUNDS (17,809 ) 56,541

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

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

The directors acknowledge their 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.

J & M Holdings (Colchester) Limited (Registered number: 05574870)

Balance Sheet - continued
31st July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th February 2024 and were signed on its behalf by:




Mr J T C Smith - Director



Mr M Smith - Director


J & M Holdings (Colchester) Limited (Registered number: 05574870)

Notes to the Financial Statements
for the year ended 31st July 2023


1. STATUTORY INFORMATION

J & M Holdings (Colchester) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

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 Statement of Income and Retained Earnings, 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 balance sheet date.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

J & M Holdings (Colchester) Limited (Registered number: 05574870)

Notes to the Financial Statements - continued
for the year ended 31st July 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st August 2022 36,734
Additions 13,018
At 31st July 2023 49,752
DEPRECIATION
Charge for year 7,463
At 31st July 2023 7,463
NET BOOK VALUE
At 31st July 2023 42,289
At 31st July 2022 36,734

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Artwork investment 7,750 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2022 1,277,732
Additions 148,650
Revaluations (135,715 )
At 31st July 2023 1,290,667
NET BOOK VALUE
At 31st July 2023 1,290,667
At 31st July 2022 1,277,732

Fair value at 31st July 2023 is represented by:
£   
Valuation in 2023 1,290,667

J & M Holdings (Colchester) Limited (Registered number: 05574870)

Notes to the Financial Statements - continued
for the year ended 31st July 2023


6. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,426,382 1,277,732

The investment properties were valued on an open market value basis on 31st July 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,143 3,651
Other debtors 33,928 -
35,071 3,651

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,718 2,482
Taxation and social security 10,349 9,502
Other creditors 1,390,733 1,253,217
1,417,800 1,265,201

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
12,500 Ordinary £1 12,500 12,500

10. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1st August 2022 44,041 - 44,041
Deficit for the year (74,350 ) (74,350 )
Non distributable reserves
fair value adj investment
property 101,787 (101,787 ) -
At 31st July 2023 71,478 (101,787 ) (30,309 )

J & M Holdings (Colchester) Limited (Registered number: 05574870)

Notes to the Financial Statements - continued
for the year ended 31st July 2023


11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Jameson Smith and Mr Marc Smith.