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REGISTERED NUMBER: 08144196 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Owen-Johnstone Ltd

Owen-Johnstone Ltd (Registered number: 08144196)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Owen-Johnstone Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S A Owen-Johnstone
Mrs L J Owen-Johnstone





REGISTERED OFFICE: 7 Lindum Terrace
Lincoln
Lincolnshire
LN2 5RP





REGISTERED NUMBER: 08144196 (England and Wales)





ACCOUNTANTS: Stanbridge Associates Limited
7 Lindum Terrace
Lincoln
Lincolnshire
LN2 5RP

Owen-Johnstone Ltd (Registered number: 08144196)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,038 1,384
Investments 6 8,074 2,330
9,112 3,714

CURRENT ASSETS
Debtors 7 148,947 111,465
Cash at bank 360,009 491,228
508,956 602,693
CREDITORS
Amounts falling due within one year 8 72,431 59,798
NET CURRENT ASSETS 436,525 542,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

445,637

546,609

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 445,537 546,509
SHAREHOLDERS' FUNDS 445,637 546,609

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Owen-Johnstone Ltd (Registered number: 08144196)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





S A Owen-Johnstone - Director


Owen-Johnstone Ltd (Registered number: 08144196)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Owen-Johnstone Ltd 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.

Turnover
Turnover represents trading income accrued during the period shown by these financial statements.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% Reducing Balance

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 balance sheet date.


Owen-Johnstone Ltd (Registered number: 08144196)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 137,000
AMORTISATION
At 1 August 2022
and 31 July 2023 137,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Owen-Johnstone Ltd (Registered number: 08144196)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 2,829 3,417 6,246
DEPRECIATION
At 1 August 2022 2,829 2,033 4,862
Charge for year - 346 346
At 31 July 2023 2,829 2,379 5,208
NET BOOK VALUE
At 31 July 2023 - 1,038 1,038
At 31 July 2022 - 1,384 1,384

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 8,074
NET BOOK VALUE
At 31 July 2023 8,074
At 31 July 2022 8,074

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 99,997 53,536
Other debtors 11,660 7,203
111,657 60,739

Owen-Johnstone Ltd (Registered number: 08144196)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 37,290 50,726

Aggregate amounts 148,947 111,465

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade creditors 1 1
Taxation and social security 70,341 50,989
Other creditors 2,089 8,808
72,431 59,798