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REGISTERED NUMBER: 08347166 (England and Wales)









JEM SCAFFOLDING HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






JEM SCAFFOLDING HOLDINGS LIMITED (REGISTERED NUMBER: 08347166)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JEM SCAFFOLDING HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mrs M L Toms
Mr D J Toms





REGISTERED OFFICE: Mark Holt & Co Limited
7 Sandy Court
Ashleigh Way
Plymouth
Devon
PL7 5JX





REGISTERED NUMBER: 08347166 (England and Wales)





ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX

JEM SCAFFOLDING HOLDINGS LIMITED (REGISTERED NUMBER: 08347166)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 16,232 21,642
Investments 6 2,301,512 2,301,512
Investment property 7 1,132,035 920,046
3,449,779 3,243,200

CURRENT ASSETS
Debtors 151,749 137,306
Cash at bank 177,878 349,918
329,627 487,224
CREDITORS
Amounts falling due within one year 693,306 617,839
NET CURRENT LIABILITIES (363,679 ) (130,615 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,086,100 3,112,585

CREDITORS
Amounts falling due after more than one year 8 (195,841 ) (240,359 )

PROVISIONS FOR LIABILITIES (4,000 ) (5,500 )
NET ASSETS 2,886,259 2,866,726

CAPITAL AND RESERVES
Called up share capital 500,012 500,012
Capital redemption reserve 300,000 300,000
Retained earnings 2,086,247 2,066,714
SHAREHOLDERS' FUNDS 2,886,259 2,866,726

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

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

JEM SCAFFOLDING HOLDINGS LIMITED (REGISTERED NUMBER: 08347166)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 July 2024 and were signed on its behalf by:





Mr D J Toms - Director


JEM SCAFFOLDING HOLDINGS LIMITED (REGISTERED NUMBER: 08347166)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

JEM Scaffolding Holdings 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 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
These financial statements have been prepared in accordance with the provisions of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' 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, net of discounts and value added taxes. Turnover includes revenue earned from rental of commercial property and is recognised when an invoice is issued.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured at fair value.

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 the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Tangible fixed assets are stated at costs less accumulated depreciation and accumulated impairment losses.

Impairment of Assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss if recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the assets in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are shown at the lower of cost and net realisable value, less provision, where applicable, for any permanent diminution in value. The directors annually review the investment for impairment.

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.

JEM SCAFFOLDING HOLDINGS LIMITED (REGISTERED NUMBER: 08347166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary costs payable for the period of absence.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 43,550
DEPRECIATION
At 1 November 2022 21,908
Charge for year 5,410
At 31 October 2023 27,318
NET BOOK VALUE
At 31 October 2023 16,232
At 31 October 2022 21,642

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 November 2022
and 31 October 2023 2,301,512
NET BOOK VALUE
At 31 October 2023 2,301,512
At 31 October 2022 2,301,512

JEM SCAFFOLDING HOLDINGS LIMITED (REGISTERED NUMBER: 08347166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 920,046
Additions 211,989
At 31 October 2023 1,132,035
NET BOOK VALUE
At 31 October 2023 1,132,035
At 31 October 2022 920,046

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 51,549 123,818

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 231,914 269,494

The above debts are secured on the properties to which they relate. There is also a personal guarantee in place given by Mr D J Toms and Mrs M L Toms to the value of £50,000.