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Registration number: 00982349

B.J.Ellis & Partners Limited

Unaudited Filleted Financial Statements

for the Year Ended 25 December 2023

 

B.J.Ellis & Partners Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 8

 

B.J.Ellis & Partners Limited

Company Information

Directors

Mr I Wilson

Mrs M Wilson

Company secretary

Mr I Wilson

Registered office

20 Newlands Road
Tunbridge Wells
Kent
TN4 9AT

 

B.J.Ellis & Partners Limited

(Registration number: 00982349)
Balance Sheet as at 25 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

6,596

2,244

Investment property

5

420,000

420,000

 

426,596

422,244

Current assets

 

Debtors

6

97

96

Cash at bank and in hand

 

14,555

25,987

 

14,652

26,083

Creditors: Amounts falling due within one year

7

(3,810)

(3,934)

Net current assets

 

10,842

22,149

Total assets less current liabilities

 

437,438

444,393

Provisions for liabilities

(32,954)

(32,954)

Net assets

 

404,484

411,439

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

140,320

140,320

Retained earnings

264,064

271,019

Shareholders' funds

 

404,484

411,439

 

B.J.Ellis & Partners Limited

(Registration number: 00982349)
Balance Sheet as at 25 December 2023

For the financial year ending 25 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 February 2024 and signed on its behalf by:
 

.........................................
Mr I Wilson
Company secretary and director

 

B.J.Ellis & Partners Limited

Statement of Changes in Equity for the Year Ended 25 December 2023

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 26 December 2022

100

140,320

271,019

411,439

Loss for the year

-

-

(2,955)

(2,955)

Dividends

-

-

(4,000)

(4,000)

At 25 December 2023

100

140,320

264,064

404,484

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 26 December 2021

100

93,491

260,467

354,058

Profit for the year

-

-

65,381

65,381

Other comprehensive income

-

46,829

(46,829)

-

Total comprehensive income

-

46,829

18,552

65,381

Dividends

-

-

(8,000)

(8,000)

At 25 December 2022

100

140,320

271,019

411,439

 

B.J.Ellis & Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 25 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
20 Newlands Road
Tunbridge Wells
Kent
TN4 9AT

These financial statements were authorised for issue by the Board on 15 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

B.J.Ellis & Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 25 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

15% Reducing balance

Plant and Machinery

10 Year Straight Line

Leasehold Property

2% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

B.J.Ellis & Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 25 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Other tangible assets
 £

Total
£

Cost or valuation

At 26 December 2022

4,940

670

15,064

20,674

Additions

4,668

-

-

4,668

At 25 December 2023

9,608

670

15,064

25,342

Depreciation

At 26 December 2022

2,905

639

14,886

18,430

Charge for the year

134

5

177

316

At 25 December 2023

3,039

644

15,063

18,746

Carrying amount

At 25 December 2023

6,569

26

1

6,596

At 25 December 2022

2,035

31

178

2,244

Included within the net book value of land and buildings above is £6,569 (2022 - £2,035) in respect of long leasehold land and buildings.
 

 

B.J.Ellis & Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 25 December 2023

5

Investment properties

2023
£

At 26 December

420,000

At 25 December

420,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2023
£

2022
£

Prepayments

35

35

Other debtors

62

61

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

428

482

Accruals and deferred income

1,866

1,866

Other creditors

1,516

1,586

3,810

3,934