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REGISTERED NUMBER: 07908227 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 July 2023

for

J & R Naylors Holdings Limited

J & R Naylors Holdings Limited (Registered number: 07908227)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


J & R Naylors Holdings Limited (Registered number: 07908227)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,020,590 660,000
Investments 5 12,000 12,000
1,032,590 672,000

CURRENT ASSETS
Debtors: amounts falling due within one
year

6

244,919

72,935
Debtors: amounts falling due after more
than one year

6

15,708,900

12,720,900
Cash at bank 2,157,454 7,098,704
18,111,273 19,892,539
CREDITORS
Amounts falling due within one year 7 215,623 180,000
NET CURRENT ASSETS 17,895,650 19,712,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,928,240

20,384,539

CAPITAL AND RESERVES
Called up share capital 8 12,000 12,000
Retained earnings 18,916,240 20,372,539
SHAREHOLDERS' FUNDS 18,928,240 20,384,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J & R Naylors Holdings Limited (Registered number: 07908227)

Balance Sheet - continued
31 July 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:





R J Tranter - Director


J & R Naylors Holdings Limited (Registered number: 07908227)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

J & R Naylors Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07908227

Registered office: 97 Bridge Road
Horbury Bridge
Wakefield
WF4 5NN

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.

The functional and presentational currency of the company is considered to be pounds sterling.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within its group.

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets, other than investment properties and freehold land, at rates calculated to write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life.

Freehold property- 2% straight line
Motor vehicles- 25% straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Investments in subsidiaries
Investment in subsidiaries are measured at cost less impairment.


J & R Naylors Holdings Limited (Registered number: 07908227)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

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

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.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - other debtors, cash and bank balances, other creditors, accruals and inter-company balances.

Other debtors, cash and bank balances, other creditors and inter-company balances (being repayable on demand) are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

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 profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

J & R Naylors Holdings Limited (Registered number: 07908227)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had impairment not been recognised.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 750,000 - 750,000
Additions - 409,735 409,735
At 31 July 2023 750,000 409,735 1,159,735
DEPRECIATION
At 1 August 2022 90,000 - 90,000
Charge for year 15,000 34,145 49,145
At 31 July 2023 105,000 34,145 139,145
NET BOOK VALUE
At 31 July 2023 645,000 375,590 1,020,590
At 31 July 2022 660,000 - 660,000

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 12,000
NET BOOK VALUE
At 31 July 2023 12,000
At 31 July 2022 12,000

J & R Naylors Holdings Limited (Registered number: 07908227)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 244,919 72,935

Amounts falling due after more than one year:
Amounts owed by group undertakings 657,000 517,000
Other debtors 15,051,900 12,203,900
15,708,900 12,720,900

Aggregate amounts 15,953,819 12,793,835

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 215,623 180,000

8. CALLED UP SHARE CAPITAL

Allotted, called up and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
5,994 A Ordinary £1 5,994 5,994
2,000 B Ordinary £1 2,000 2,000
4,006 C Ordinary £1 4,006 4,006
12,000 12,000