REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
FOR |
JCW INVESTMENTS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
FOR |
JCW INVESTMENTS LTD |
JCW INVESTMENTS LTD (REGISTERED NUMBER: 05224694) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
JCW INVESTMENTS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
3 & 4 Park Court |
Riccall Road |
Escrick |
York |
North Yorkshire |
YO19 6ED |
JCW INVESTMENTS LTD (REGISTERED NUMBER: 05224694) |
STATEMENT OF FINANCIAL POSITION |
30TH SEPTEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
JCW INVESTMENTS LTD (REGISTERED NUMBER: 05224694) |
STATEMENT OF FINANCIAL POSITION - continued |
30TH SEPTEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
JCW INVESTMENTS LTD (REGISTERED NUMBER: 05224694) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
JCW Investments Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
Investments in associates |
Investments in associate undertakings are recognised at cost. |
Investment property |
Investment property is included at fair value as measured by the director, and revaluation reports prepared by Fisher German, Chartered Surveyors - 7th June 2023 . Gains are recognised in the income |
statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL). |
JCW INVESTMENTS LTD (REGISTERED NUMBER: 05224694) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1st October 2022 |
and 30th September 2023 |
DEPRECIATION |
At 1st October 2022 |
Charge for year |
At 30th September 2023 |
NET BOOK VALUE |
At 30th September 2023 |
At 30th September 2022 |
5. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
£ |
COST |
Additions |
At 30th September 2023 |
NET BOOK VALUE |
At 30th September 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st October 2022 |
Additions |
Revaluations | 276,189 |
At 30th September 2023 |
NET BOOK VALUE |
At 30th September 2023 |
At 30th September 2022 |
Fair value at 30th September 2023 is represented by: |
£ |
Valuation in 2023 | 276,189 |
Cost | 1,591,311 |
1,867,500 |
JCW INVESTMENTS LTD (REGISTERED NUMBER: 05224694) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Other creditors |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
The following securities are in place with Bank of Scotland Plc. |
Charge created 21/08/2020 |
1 Albany Street - Contains Fixed and Floating charge which covers all of the property or undertaking of the company. |
Charge created 05/06/2018 |
Land at Beckfield Lane - Contains Fixed & Floating charge which covers all of the property or undertaking of the company. |
Charge created 29/09/2017 |
56B Horner Street - Contains Fixed & Floating charge which covers all of the property or undertaking of the company. |
Charge created 11/08/2017 |
8 Catherine Court - Contains Fixed & Floating charge which covers all of the property or undertaking of the company. |
Charge created - 26/01/2015 |
56A Horner Street York - Fixed and Floating Charge. |
Charge created 15/10/2014 |
Contains Fixed & Floating charge which covers all of the property or undertaking of the company. |
Charge created 03/05/2012 |
Amount Secured: £54,000 due or to become due from the company to the chargee against 3 Poppleton Road, York. |
JCW INVESTMENTS LTD (REGISTERED NUMBER: 05224694) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
11. | RESERVES |
Revaluation |
reserve |
£ |
Revaluation | 276,189 |
Transfer | (46,913 | ) |
At 30th September 2023 |
12. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the company owed £422,456 (2022 - £635) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year £22,456 (2022 - £635) and creditors due after one year £400,000 (2022 - Nil). |
During the year, the company made transactions with JCW Lifts Ltd, a company John Waddington is a director and shareholder of. |
The balance at the year end is £27,200 (2022 - £17,100) and this is included in other debtors. |