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Johns Investments Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 02923329
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,890,884 2,799,337
Investments 5 620,000 620,000
3,510,884 3,419,337
CURRENT ASSETS
Debtors 6 36,147 36,829
Cash at bank and in hand 359,301 420,015
395,448 456,844
Creditors: Amounts Falling Due Within One Year 7 (50,299 ) (46,320 )
NET CURRENT ASSETS (LIABILITIES) 345,149 410,524
TOTAL ASSETS LESS CURRENT LIABILITIES 3,856,033 3,829,861
NET ASSETS 3,856,033 3,829,861
CAPITAL AND RESERVES
Called up share capital 8 5,200 5,200
Profit and Loss Account 3,850,833 3,824,661
SHAREHOLDERS' FUNDS 3,856,033 3,829,861
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Johns
Director
26 March 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Johns Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02923329 . The registered office is 3 Cedarwood Gardens, Evesham, WR11 3BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: 
Freehold 2% per annum straight line
Leasehold 2% per annum straight line
Plant & Machinery 25% per annum reducing balance
Motor Vehicles 25% per annum reducing balance
Fixtures & Fittings 25% per annum reducing balance
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.4. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 August 2022 2,965,714 639,797 233,388 140,881
Additions 175,771 - 977 -
As at 31 July 2023 3,141,485 639,797 234,365 140,881
Depreciation
As at 1 August 2022 743,823 99,679 220,960 118,667
Provided during the period 62,830 12,796 3,351 5,553
As at 31 July 2023 806,653 112,475 224,311 124,220
Net Book Value
As at 31 July 2023 2,334,832 527,322 10,054 16,661
As at 1 August 2022 2,221,891 540,118 12,428 22,214
Fixtures & Fittings Total
£ £
Cost
As at 1 August 2022 35,770 4,015,550
Additions - 176,748
As at 31 July 2023 35,770 4,192,298
Depreciation
As at 1 August 2022 33,084 1,216,213
Provided during the period 671 85,201
As at 31 July 2023 33,755 1,301,414
Net Book Value
As at 31 July 2023 2,015 2,890,884
As at 1 August 2022 2,686 2,799,337
5. Investments
Listed
£
Cost
As at 1 August 2022 620,000
As at 31 July 2023 620,000
Provision
As at 1 August 2022 -
As at 31 July 2023 -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2023 620,000
As at 1 August 2022 620,000
The investments comprise St James's Place International Investment Bonds which have a value in excess of their cost.
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 12,524 3,249
Other debtors 15,591 25,548
28,115 28,797
Due after more than one year
Corporation tax recoverable assets 8,032 8,032
8,032 8,032
36,147 36,829
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,828 2,353
Corporation tax 30,842 26,698
Other taxes and social security 1,348 1,383
VAT 117 17
Other creditors 2,978 3,583
Accrued expenses 8,000 8,000
Directors' loan accounts 4,686 286
Loans 500 4,000
50,299 46,320
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
5,000 Ordinary Shares of £ 1.000 each 5,000 5,000
200 Ordinary A shares of £ 1.000 each 200 200
5,200 5,200
9. Directors Advances, Credits and Guarantees
There was a credit balance on the joint directors' current account of A S Johns and Mrs P M Johns of £4686 at 31 July 2023 (2022: £286 credit) 
The above loan is unsecured, interest free and repayable on demand.
Page 4