Silverfin false false 30/09/2023 01/10/2022 30/09/2023 R Thomas 01/04/2023 A Thomas 13/09/2018 J Wilkinson 31/03/2023 13/09/2018 22 March 2024 The principal activity of the Company during the financial year was the management of investment properties. 11566990 2023-09-30 11566990 bus:Director1 2023-09-30 11566990 bus:Director2 2023-09-30 11566990 bus:Director3 2023-09-30 11566990 2022-09-30 11566990 core:CurrentFinancialInstruments 2023-09-30 11566990 core:CurrentFinancialInstruments 2022-09-30 11566990 core:ShareCapital 2023-09-30 11566990 core:ShareCapital 2022-09-30 11566990 core:RetainedEarningsAccumulatedLosses 2023-09-30 11566990 core:RetainedEarningsAccumulatedLosses 2022-09-30 11566990 core:LandBuildings 2022-09-30 11566990 core:LeaseholdImprovements 2022-09-30 11566990 core:LandBuildings 2023-09-30 11566990 core:LeaseholdImprovements 2023-09-30 11566990 bus:OrdinaryShareClass1 2023-09-30 11566990 2022-10-01 2023-09-30 11566990 bus:FilletedAccounts 2022-10-01 2023-09-30 11566990 bus:SmallEntities 2022-10-01 2023-09-30 11566990 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 11566990 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 11566990 bus:Director1 2022-10-01 2023-09-30 11566990 bus:Director2 2022-10-01 2023-09-30 11566990 bus:Director3 2022-10-01 2023-09-30 11566990 core:LandBuildings core:TopRangeValue 2022-10-01 2023-09-30 11566990 2021-10-01 2022-09-30 11566990 core:LandBuildings 2022-10-01 2023-09-30 11566990 core:LeaseholdImprovements 2022-10-01 2023-09-30 11566990 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 11566990 bus:OrdinaryShareClass1 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11566990 (England and Wales)

JULIAN & SONS (PROPERTY) LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2023
Pages for filing with the registrar

JULIAN & SONS (PROPERTY) LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2023

Contents

JULIAN & SONS (PROPERTY) LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2023
JULIAN & SONS (PROPERTY) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2023
DIRECTORS R Thomas
A Thomas
SECRETARY S Banks
REGISTERED OFFICE 42 Station Road
Par
PL24 2LZ
United Kingdom
COMPANY NUMBER 11566990 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
JULIAN & SONS (PROPERTY) LIMITED

BALANCE SHEET

As at 30 September 2023
JULIAN & SONS (PROPERTY) LIMITED

BALANCE SHEET (continued)

As at 30 September 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 3,973,633 4,041,940
3,973,633 4,041,940
Current assets
Debtors 4 19,476 33,825
Cash at bank and in hand 32,482 802,100
51,958 835,925
Creditors: amounts falling due within one year 5 ( 3,275,583) ( 4,367,594)
Net current liabilities (3,223,625) (3,531,669)
Total assets less current liabilities 750,008 510,271
Net assets 750,008 510,271
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 749,908 510,171
Total shareholders' funds 750,008 510,271

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Julian & Sons (Property) Limited (registered number: 11566990) were approved and authorised for issue by the Board of Directors on 22 March 2024. They were signed on its behalf by:

A Thomas
Director
JULIAN & SONS (PROPERTY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
JULIAN & SONS (PROPERTY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Julian & Sons (Property) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 42 Station Road, Par, PL24 2LZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the rental of assets in the ordinary course of the company’s activities.

Taxation

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.

Tangible fixed 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.

Julian & sons (Property) Limited has chosen to treat investment properties as property, plant and equipment as rented to group company.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives. The Building element of Land and Buildings is depreciated as below but the land element is not depreciated:

Land and buildings 50 years straight line
Leasehold improvements depreciated over the life of the lease

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases


The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Financial instruments

The company holds the following financial instruments:

•Short term trade and other debtors and creditors; and
•Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Land and buildings Leasehold improve-
ments
Total
£ £ £
Cost
At 01 October 2022 4,241,863 120,370 4,362,233
Additions 0 13,186 13,186
At 30 September 2023 4,241,863 133,556 4,375,419
Accumulated depreciation
At 01 October 2022 272,491 47,802 320,293
Charge for the financial year 68,137 13,356 81,493
At 30 September 2023 340,628 61,158 401,786
Net book value
At 30 September 2023 3,901,235 72,398 3,973,633
At 30 September 2022 3,969,372 72,568 4,041,940

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 0 15,932
Other debtors 19,476 17,893
19,476 33,825

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 3,197,577 4,292,020
Taxation and social security 75,216 72,824
Other creditors 2,790 2,750
3,275,583 4,367,594

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Ultimate controlling party

Parent Company:

Julian & Sons (Topco) Limited
42 Station Road, Par, Cornwall, United Kingdom, PL24 2LZ