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REGISTERED NUMBER: 01211627 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Joe Pole Storage Limited

Joe Pole Storage Limited (Registered number: 01211627)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Joe Pole Storage Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr R T Wisniewski





REGISTERED OFFICE: 10 Applehaigh Grove
Royston
Barnsley
South Yorkshire
S71 4ER





REGISTERED NUMBER: 01211627 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Joe Pole Storage Limited (Registered number: 01211627)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,941 2,873
Investment property 6 1,875,000 1,875,000
1,876,941 1,877,873

CURRENT ASSETS
Debtors 7 1,136,297 1,100,191
Cash at bank and in hand 43,683 90,551
1,179,980 1,190,742
CREDITORS
Amounts falling due within one year 8 (302,445 ) (262,053 )
NET CURRENT ASSETS 877,535 928,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,754,476

2,806,562

CREDITORS
Amounts falling due after more than one
year

9

(282,000

)

(396,000

)

PROVISIONS FOR LIABILITIES (405 ) (649 )
NET ASSETS 2,472,071 2,409,913

CAPITAL AND RESERVES
Called up share capital 11 31,469 31,469
Revaluation reserve 1,654,747 1,654,747
Retained earnings 785,855 723,697
SHAREHOLDERS' FUNDS 2,472,071 2,409,913

Joe Pole Storage Limited (Registered number: 01211627)

Balance Sheet - continued
30 June 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2024 and were signed by:





Mr R T Wisniewski - Director


Joe Pole Storage Limited (Registered number: 01211627)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Joe Pole Storage 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

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 on a going concern basis under the historical cost convention, as modified by the revaluation of investment properties.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on services provided during the year and derives from the provision of services falling within the company's ordinary activities. Turnover is recognised at the point of invoice and adjusted for accrued income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost straight line

All fixed assets are initially recorded at cost.

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 with an equivalent transfer then made from profit and loss reserve to revaluation reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Joe Pole Storage Limited (Registered number: 01211627)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 5,755
DEPRECIATION
At 1 July 2023 2,882
Charge for year 932
At 30 June 2024 3,814
NET BOOK VALUE
At 30 June 2024 1,941
At 30 June 2023 2,873

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,875,000
NET BOOK VALUE
At 30 June 2024 1,875,000
At 30 June 2023 1,875,000

Joe Pole Storage Limited (Registered number: 01211627)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2015 1,500,000
Valuation in 2018 750,000
Valuation in 2019 (290,000 )
Valuation in 2021 (85,000 )
1,875,000

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

2024 2023
£    £   
Cost 403,094 403,094

The directors have based their valuation upon a full open market valuation subject to the existing lease arrangements conducted by David J Mortindale MRICS of FISILI Limited as at 31 May 2018, as adjusted for the value of land disposed of subsequently. In the opinion of the director there has been no material change in this valuation since that date.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,000 1,211
Amounts owed by group undertakings 1,080,640 1,080,640
Other debtors 19,657 18,340
1,136,297 1,100,191

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 84,000 84,000
Trade creditors 31,254 6,254
Taxation and social security 21,139 44,980
Other creditors 166,052 126,819
302,445 262,053

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 282,000 396,000

Joe Pole Storage Limited (Registered number: 01211627)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 198,000 312,000
198,000 312,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 366,000 480,000

The loan is secured on the Investment Property.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
31,469 Ordinary £1 31,469 31,469