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Company No: 14662761 (England and Wales)

JULIAN & SONS (TOPCO) LIMITED

Unaudited Financial Statements
For the financial period from 14 February 2023 to 30 September 2023
Pages for filing with the registrar

JULIAN & SONS (TOPCO) LIMITED

Unaudited Financial Statements

For the financial period from 14 February 2023 to 30 September 2023

Contents

JULIAN & SONS (TOPCO) LIMITED

COMPANY INFORMATION

For the financial period from 14 February 2023 to 30 September 2023
JULIAN & SONS (TOPCO) LIMITED

COMPANY INFORMATION (continued)

For the financial period from 14 February 2023 to 30 September 2023
DIRECTORS A Thomas
R Thomas
SECRETARY S Banks
REGISTERED OFFICE 42 Station Road
St. Blazey
Par
PL24 2LZ
England
United Kingdom
COMPANY NUMBER 14662761 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
JULIAN & SONS (TOPCO) LIMITED

BALANCE SHEET

As at 30 September 2023
JULIAN & SONS (TOPCO) LIMITED

BALANCE SHEET (continued)

As at 30 September 2023
Note 30.09.2023
£
Fixed assets
Investments 3 3,603,757
3,603,757
Current assets
Debtors 4 3,198,750
Cash at bank and in hand 82,710
3,281,460
Creditors: amounts falling due within one year 5 ( 173,994)
Net current assets 3,107,466
Total assets less current liabilities 6,711,223
Creditors: amounts falling due after more than one year 6 ( 1,301,172)
Net assets 5,410,051
Capital and reserves
Called-up share capital 7 7,312
Profit and loss account 5,402,739
Total shareholders' funds 5,410,051

For the financial period ending 30 September 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 Julian & Sons (Topco) Limited (registered number: 14662761) were approved and authorised for issue by the Board of Directors on 22 March 2024. They were signed on its behalf by:

A Thomas
Director
JULIAN & SONS (TOPCO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 14 February 2023 to 30 September 2023
JULIAN & SONS (TOPCO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 14 February 2023 to 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Julian & Sons (Topco) 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 42 Station Road, St. Blazey, Par, PL24 2LZ, England, 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

2. Employees

Period from
14.02.2023 to
30.09.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Fixed asset investments

Investments in subsidiaries

30.09.2023
£
Cost
At 14 February 2023 0
Additions 3,603,757
At 30 September 2023 3,603,757
Carrying value at 30 September 2023 3,603,757

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.09.2023
Julian & Son Limited 42 Station Road, St Blazey, Par, Cornwall, PL24 2LZ Retail sale of furnitures and furnishings Ordinary 100.00%
Julian & Sons (Property) Limited 42 Station Road, St Blazey, Par, Cornwall, PL24 2LZ Management of investment properties Ordinary 100.00%

4. Debtors

30.09.2023
£
Amounts owed by Group undertakings 3,197,420
Other debtors 1,330
3,198,750

5. Creditors: amounts falling due within one year

30.09.2023
£
Bank loans 148,009
Other creditors 25,985
173,994

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

30.09.2023
£
Bank loans (secured) 835,206
Other creditors 465,966
1,301,172

7. Called-up share capital

30.09.2023
£
Allotted, called-up and fully-paid
3,656 Ordinary shares of £ 1.00 each 3,656
3,656 Ordinary A shares of £ 1.00 each 3,656
7,312