Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falsetrueProperty Search Agent33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07086408 2023-01-01 2023-12-31 07086408 2022-01-01 2022-12-31 07086408 2023-12-31 07086408 2022-12-31 07086408 c:Director1 2023-01-01 2023-12-31 07086408 d:Buildings 2023-01-01 2023-12-31 07086408 d:Buildings 2023-12-31 07086408 d:Buildings 2022-12-31 07086408 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07086408 d:OfficeEquipment 2023-01-01 2023-12-31 07086408 d:OfficeEquipment 2023-12-31 07086408 d:OfficeEquipment 2022-12-31 07086408 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07086408 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 07086408 d:OtherPropertyPlantEquipment 2023-12-31 07086408 d:OtherPropertyPlantEquipment 2022-12-31 07086408 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07086408 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07086408 d:CurrentFinancialInstruments 2023-12-31 07086408 d:CurrentFinancialInstruments 2022-12-31 07086408 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07086408 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07086408 d:ShareCapital 2023-12-31 07086408 d:ShareCapital 2022-12-31 07086408 d:RetainedEarningsAccumulatedLosses 2023-12-31 07086408 d:RetainedEarningsAccumulatedLosses 2022-12-31 07086408 c:FRS102 2023-01-01 2023-12-31 07086408 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07086408 c:FullAccounts 2023-01-01 2023-12-31 07086408 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07086408 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07086408 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07086408 d:RetirementBenefitObligationsDeferredTax 2023-12-31 07086408 d:RetirementBenefitObligationsDeferredTax 2022-12-31 07086408 2 2023-01-01 2023-12-31 07086408 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07086408










JAMIESON PROPERTY SEARCH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
JAMIESON PROPERTY SEARCH LIMITED
REGISTERED NUMBER: 07086408

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,518
19,349

  
9,518
19,349

Current assets
  

Debtors: amounts falling due within one year
 5 
9,481
15,089

Cash at bank and in hand
  
116,191
150,006

  
125,672
165,095

Creditors: amounts falling due within one year
 6 
(87,741)
(92,990)

Net current assets
  
 
 
37,931
 
 
72,105

Total assets less current liabilities
  
47,449
91,454

Provisions for liabilities
  

Deferred tax
 7 
(936)
(3,669)

  
 
 
(936)
 
 
(3,669)

Net assets
  
46,513
87,785


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
46,413
87,685

  
46,513
87,785


Page 1

 
JAMIESON PROPERTY SEARCH LIMITED
REGISTERED NUMBER: 07086408
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J G Auldjo-Jamieson
Director

Date: 24 July 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Jamieson Property Search Limited is a private company limited by shares and incorporated in England and Wales, registration number 07086408. The registered office is The Old Vicarage, Blacksmiths Lane, Hindringham, Fakenham, Norfolk, NR21 0QA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The Directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance method.

Depreciation is provided on the following basis:

Freehold property
-
10 years straight line
Furniture, fittings and equipment
-
5 years straight line
Other fixed assets
-
4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.14

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.


3.


Employees

2023
2022
£
£

Wages and salaries
31,953
44,540

Social security costs
-
90

Cost of defined contribution scheme
226
756

32,179
45,386


The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 7

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Freehold property
Furniture, fittings and equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 January 2023
18,302
10,876
36,319
65,497



At 31 December 2023

18,302
10,876
36,319
65,497



Depreciation


At 1 January 2023
15,557
6,106
24,485
46,148


Charge for the year on owned assets
1,830
1,749
6,252
9,831



At 31 December 2023

17,387
7,855
30,737
55,979



Net book value



At 31 December 2023
915
3,021
5,582
9,518



At 31 December 2022
2,745
4,770
11,834
19,349

Page 8

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,483
9,770

Other debtors
2,493
975

Prepayments and accrued income
5,505
4,344

9,481
15,089



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,025
3,620

Corporation tax
8,920
17,506

Other taxation and social security
-
4,684

Other creditors
69,168
58,629

Accruals and deferred income
8,628
8,551

87,741
92,990



7.


Deferred taxation




2023


£






At beginning of year
(3,669)


Charged to profit or loss
2,733



At end of year
(936)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(939)
(3,693)

Pension surplus
3
24

(936)
(3,669)

Page 9

 
JAMIESON PROPERTY SEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Related party transactions

At the year end the directors were owed £66,159 (2022: £55,997) which is repayable on demand.

 
Page 10