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REGISTERED NUMBER: 04555063 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jenkinson & Co (Properties) Ltd

Jenkinson & Co (Properties) Ltd (Registered number: 04555063)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jenkinson & Co (Properties) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs Mandy Jenkinson
Mr Martin Jenkinson





REGISTERED OFFICE: East Farm
Carr Lane
Rotherham
South Yorkshire
S66 8PW





REGISTERED NUMBER: 04555063 (England and Wales)

Jenkinson & Co (Properties) Ltd (Registered number: 04555063)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 748,899 757,368

CURRENT ASSETS
Debtors 5 916 781
Cash at bank 2,433 1,253
3,349 2,034
CREDITORS
Amounts falling due within one year 6 209,544 385,084
NET CURRENT LIABILITIES (206,195 ) (383,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,704

374,318

CREDITORS
Amounts falling due after more than one
year

7

-

(179,467

)

PROVISIONS FOR LIABILITIES (1,307 ) (1,743 )
NET ASSETS 541,397 193,108

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 541,396 193,107
SHAREHOLDERS' FUNDS 541,397 193,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Jenkinson & Co (Properties) Ltd (Registered number: 04555063)

Balance Sheet - continued
31 March 2024


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 17 July 2024 and were signed on its behalf by:




Mr Martin Jenkinson - Director



Mrs Mandy Jenkinson - Director


Jenkinson & Co (Properties) Ltd (Registered number: 04555063)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jenkinson & Co (Properties) Ltd 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.

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 the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Depreciation of freehold property considers the residual value at the end of its useful economic life. Land is not depreciated.

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 balance sheet date.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

Jenkinson & Co (Properties) Ltd (Registered number: 04555063)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 831,014 56,969 887,983
DEPRECIATION
At 1 April 2023 87,045 43,570 130,615
Charge for year 5,120 3,349 8,469
At 31 March 2024 92,165 46,919 139,084
NET BOOK VALUE
At 31 March 2024 738,849 10,050 748,899
At 31 March 2023 743,969 13,399 757,368

Included in cost of land and buildings is freehold land of £ 170,130 (2023 - £ 170,130 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 36,309
Transfer to ownership (20,309 )
At 31 March 2024 16,000
DEPRECIATION
At 1 April 2023 24,539
Charge for year 2,942
Transfer to ownership (15,489 )
At 31 March 2024 11,992
NET BOOK VALUE
At 31 March 2024 4,008
At 31 March 2023 11,770

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 712 781
Other debtors 204 -
916 781

Jenkinson & Co (Properties) Ltd (Registered number: 04555063)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 28,565
Hire purchase contracts and finance leases 469 7,291
Trade creditors 3,154 3,000
Amounts owed to group undertakings 205,204 344,578
Taxation and social security 269 400
Other creditors 448 1,250
209,544 385,084

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 178,848
Hire purchase contracts and finance leases - 619
- 179,467

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 40,625

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 207,413
Hire purchase contracts and finance leases 469 7,910
469 215,323

Santander UK PLC as Security Trustee
Brief description
New Ebury house, South Grove, Rotherham, S60 2AF. Title number: SYK521844.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.

This loan was paid off in full in the year ended 31st March 2024.

Jenkinson & Co (Properties) Ltd (Registered number: 04555063)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

Jenkinson & Co Limited

A group company.
Monies were loaned between the companies on an interest free basis, payable on demand.
The amount owed to this company at 31st March 2024: £Nil, (2023: £329,452).

Jenkinson & Co (Holdings) Limited

Parent company.
Monies were loaned between the companies on an interest free basis, payable on demand.
The amounts owed to this company at 31st March 2024: £205,444, (2023: £15,126).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Jenkinson & Co (Holdings) Limited (Parent company).

The ultimate controlling party is Mr Martin Jenkinson.