Silverfin false 30/04/2023 01/05/2022 30/04/2023 A German-Ribon 25/01/2018 P A German-Ribon 14/09/2012 17 April 2024 The principal activity of the Company during the financial year was that of acting as estate agents. 04061118 2023-04-30 04061118 bus:Director1 2023-04-30 04061118 bus:Director2 2023-04-30 04061118 2022-04-30 04061118 core:CurrentFinancialInstruments 2023-04-30 04061118 core:CurrentFinancialInstruments 2022-04-30 04061118 core:Non-currentFinancialInstruments 2023-04-30 04061118 core:Non-currentFinancialInstruments 2022-04-30 04061118 core:ShareCapital 2023-04-30 04061118 core:ShareCapital 2022-04-30 04061118 core:SharePremium 2023-04-30 04061118 core:SharePremium 2022-04-30 04061118 core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30 04061118 core:FurtherSpecificReserve1ComponentTotalEquity 2022-04-30 04061118 core:CapitalRedemptionReserve 2023-04-30 04061118 core:CapitalRedemptionReserve 2022-04-30 04061118 core:RetainedEarningsAccumulatedLosses 2023-04-30 04061118 core:RetainedEarningsAccumulatedLosses 2022-04-30 04061118 core:Goodwill 2022-04-30 04061118 core:Goodwill 2023-04-30 04061118 core:LandBuildings 2022-04-30 04061118 core:OtherPropertyPlantEquipment 2022-04-30 04061118 core:LandBuildings 2023-04-30 04061118 core:OtherPropertyPlantEquipment 2023-04-30 04061118 core:CostValuation 2022-04-30 04061118 core:RevaluationsIncreaseDecreaseInInvestments 2023-04-30 04061118 core:CostValuation 2023-04-30 04061118 2022-05-01 2023-04-30 04061118 bus:FullAccounts 2022-05-01 2023-04-30 04061118 bus:SmallEntities 2022-05-01 2023-04-30 04061118 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 04061118 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 04061118 bus:Director1 2022-05-01 2023-04-30 04061118 bus:Director2 2022-05-01 2023-04-30 04061118 core:Goodwill core:BottomRangeValue 2022-05-01 2023-04-30 04061118 core:Goodwill core:TopRangeValue 2022-05-01 2023-04-30 04061118 core:Goodwill 2022-05-01 2023-04-30 04061118 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-05-01 2023-04-30 04061118 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 04061118 2021-05-01 2022-04-30 04061118 core:LandBuildings 2022-05-01 2023-04-30 04061118 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 04061118 (England and Wales)

JSS (DORCHESTER) LIMITED

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

JSS (DORCHESTER) LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

JSS (DORCHESTER) LIMITED

BALANCE SHEET

As at 30 April 2023
JSS (DORCHESTER) LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 0 3,265
Tangible assets 4 2,771 3,953
Investments 5 2,563 3,181
5,334 10,399
Current assets
Debtors
- due within one year 6 207,450 171,969
- due after more than one year 6 0 60,000
Cash at bank and in hand 2,092 46,280
209,542 278,249
Creditors: amounts falling due within one year 7 ( 187,588) ( 213,732)
Net current assets 21,954 64,517
Total assets less current liabilities 27,288 74,916
Creditors: amounts falling due after more than one year 8 ( 20,833) ( 36,439)
Net assets 6,455 38,477
Capital and reserves
Called-up share capital 1,325 1,325
Share premium account 229,400 229,400
Fair value reserve 618 181
Capital redemption reserve 275 275
Profit and loss account ( 225,163 ) ( 192,704 )
Total shareholders' funds 6,455 38,477

For the financial year ending 30 April 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 JSS (Dorchester) Limited (registered number: 04061118) were approved and authorised for issue by the Board of Directors on 17 April 2024. They were signed on its behalf by:

P A German-Ribon
Director
JSS (DORCHESTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
JSS (DORCHESTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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

JSS (Dorchester) 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 47 South Street, Bridport, DT6 3NY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 - 19 years straight line
Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 8 years straight line
33.33 % reducing balance

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in other operating income over the period in which the related costs are recognised, and timing differences are presented as other debtors or deferred income within the balance sheet. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 May 2022 163,380 163,380
At 30 April 2023 163,380 163,380
Accumulated amortisation
At 01 May 2022 160,115 160,115
Charge for the financial year 3,265 3,265
At 30 April 2023 163,380 163,380
Net book value
At 30 April 2023 0 0
At 30 April 2022 3,265 3,265

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 May 2022 3,088 14,848 17,936
Additions 0 490 490
At 30 April 2023 3,088 15,338 18,426
Accumulated depreciation
At 01 May 2022 3,088 10,895 13,983
Charge for the financial year 0 1,672 1,672
At 30 April 2023 3,088 12,567 15,655
Net book value
At 30 April 2023 0 2,771 2,771
At 30 April 2022 0 3,953 3,953

5. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 May 2022 3,181 3,181
Movement in fair value ( 618) ( 618)
At 30 April 2023 2,563 2,563
Carrying value at 30 April 2023 2,563 2,563
Carrying value at 30 April 2022 3,181 3,181

6. Debtors

2023 2022
£ £
Debtors: amounts falling due within one year
Trade debtors 84,711 107,187
Other debtors 122,739 64,782
207,450 171,969
Debtors: amounts falling due after more than one year
Other debtors 0 60,000

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 110,699 116,298
Trade creditors 24,630 10,686
Taxation and social security 14,378 45,841
Other creditors 37,881 40,907
187,588 213,732

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 20,833 36,439

Within bank loans is a balance of £30,833 relating to an outstanding amount due from a Coronavirus Business Interruption Loan Agreement (2022 - £40,833). The UK government has guaranteed 80% of the value of the loan.

Bank borrowings are secured by a debenture over the company assets and undertakings.

A personal guarantee of £135,588 has also been given for the company's bank borrowings and overdrafts by the directors.

9. Related party transactions

Transactions with the entity's directors

The Director's loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 May 2022, the balance owed by the director was £47,185. During the year, £52,281 was advanced to the director, and £5,748 was repaid by the director. At 30 April 2023, the balance owed by the director was £93,718.

At 1 May 2021, the balance owed to the director was £10,037. During the year, £65,771 was advanced to the director, and £8,549 was repaid by the director. At 30 April 2022, the balance owed by the director was £47,185.

10. Off Balance Sheet arrangements

The total amount of financial commitments not included in the balance sheet is £28,006 (2022 - £65,184). This relates to non-cancellable operating leases over the business premises and hire of certain items of plant and machinery. The total commitment is due over the following periods: £22,284 (2022 - £39,392) in one year and £5,722 (2022 - £25,792) in two to five years.