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REGISTERED NUMBER: 00482686 (England and Wales)















Financial Statements

for the Year Ended 31 May 2023

for

C.M. JEFFERIES & CO. LIMITED

C.M. JEFFERIES & CO. LIMITED (REGISTERED NUMBER: 00482686)

Contents of the Financial Statements
for the year ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C.M. JEFFERIES & CO. LIMITED

Company Information
for the year ended 31 May 2023







Directors: T C B Jefferies
B Jefferies





Secretary: B Jefferies





Registered office: Aldford House
8 Aldford Place
Alderley Edge
Cheshire
SK9 7RQ





Registered number: 00482686 (England and Wales)





Auditors: Haines Watts
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

C.M. JEFFERIES & CO. LIMITED (REGISTERED NUMBER: 00482686)

Balance Sheet
31 May 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 5 3 3
Investments 6 2,969,244 3,025,324
Investment property 7 1,014,000 1,144,000
3,983,247 4,169,327

Current assets
Debtors 8 91,228 20,968
Investments 9 1,221,246 1,121,719
Cash at bank 1,541,687 1,707,184
2,854,161 2,849,871
Creditors
Amounts falling due within one year 10 52,901 91,868
Net current assets 2,801,260 2,758,003
Total assets less current liabilities 6,784,507 6,927,330

Provisions for liabilities 301,342 305,767
Net assets 6,483,165 6,621,563

Capital and reserves
Called up share capital 11 56,100 56,100
Share premium 6,200 6,200
Capital redemption reserve 18,350 18,350
Fair value reserve 12 2,379,788 2,462,809
Retained earnings 4,022,727 4,078,104
Shareholders' funds 6,483,165 6,621,563

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2024 and were signed on its behalf by:




B Jefferies - Director



T C B Jefferies - Director


C.M. JEFFERIES & CO. LIMITED (REGISTERED NUMBER: 00482686)

Notes to the Financial Statements
for the year ended 31 May 2023


1. Statutory information

C.M. Jefferies & Co. 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents income receivable in respect of investments held by the company. This includes interest received on bank balances, dividends from shareholdings and gains and losses on disposal of investments.

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% straight line
Motor vehicles - 25% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

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.

Although this accounting policy is in accordance with FRS 102 Section 1A it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fair value changes are included in other operating income/losses.

C.M. JEFFERIES & CO. LIMITED (REGISTERED NUMBER: 00482686)

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


3. Accounting policies - continued

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

There are no assets which are initially measured at fair value.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Fixed and current asset investments
Fixed and current asset investments are stated at market value.

Fair value adjustments are included in other operating income/losses.

4. Employees and directors

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

C.M. JEFFERIES & CO. LIMITED (REGISTERED NUMBER: 00482686)

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


5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 June 2022
and 31 May 2023 3,337 49,282 52,619
Depreciation
At 1 June 2022
and 31 May 2023 3,336 49,280 52,616
Net book value
At 31 May 2023 1 2 3
At 31 May 2022 1 2 3

6. Fixed asset investments
Other
investments
£
Cost or valuation
At 1 June 2022 3,025,324
Additions 893
Revaluations (56,973 )
At 31 May 2023 2,969,244
Net book value
At 31 May 2023 2,969,244
At 31 May 2022 3,025,324

Cost or valuation at 31 May 2023 is represented by:

Other
investments
£
Valuation in 2023 737,860
Cost 2,231,384
2,969,244

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£ £
Cost 2,231,384 2,230,486

Fixed asset investments were valued on an open market basis on 31 May 2023 by the directors based on share prices .

C.M. JEFFERIES & CO. LIMITED (REGISTERED NUMBER: 00482686)

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


7. Investment property
Total
£
Fair value
At 1 June 2022 1,144,000
Revaluations (130,000 )
At 31 May 2023 1,014,000
Net book value
At 31 May 2023 1,014,000
At 31 May 2022 1,144,000

Fair value at 31 May 2023 is represented by:
£
Valuation in 2023 782,254
Cost 231,746
1,014,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£ £
Cost 231,746 231,746

Investment property was valued on an open market basis on 31 May 2023 by the directors .

8. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 91,228 20,968

9. Current asset investments
2023 2022
£ £
Listed investments 1,221,246 1,121,719

10. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts - 38,041
Trade creditors 9,276 7,566
Social security and other taxes 7,987 4,802
Other creditors 30,126 30,126
Accrued expenses 5,512 11,333
52,901 91,868

C.M. JEFFERIES & CO. LIMITED (REGISTERED NUMBER: 00482686)

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


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
56,100 Ordinary £1 56,100 56,100

12. Reserves
Fair value
reserve
£
At 1 June 2022 2,462,809
Revaluation (83,021 )

At 31 May 2023 2,379,788

13. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Angela Chorlton FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts

14. Related party disclosures

Debtors includes loans to shareholders totalling £70,000 (2022 - £nil). These loans are interest free and payable on demand.