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Registered number: 01400662
J.F. Ayre Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Coman & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01400662
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 217,760 218,707
Investment Properties 6 298,500 298,500
516,260 517,207
CURRENT ASSETS
Stocks 7 8,560 7,230
Debtors 8 4,630 (15,565 )
Cash at bank and in hand 1,997 15,063
15,187 6,728
Creditors: Amounts Falling Due Within One Year 9 (307,567 ) (290,232 )
NET CURRENT ASSETS (LIABILITIES) (292,380 ) (283,504 )
TOTAL ASSETS LESS CURRENT LIABILITIES 223,880 233,703
Creditors: Amounts Falling Due After More Than One Year 10 (45,601 ) (34,351 )
NET ASSETS 178,279 199,352
CAPITAL AND RESERVES
Called up share capital 12 1,105 1,105
Revaluation reserve 13 176,837 176,837
Profit and Loss Account 337 21,410
SHAREHOLDERS' FUNDS 178,279 199,352
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
V P Ayre
Director
25 July 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
J.F. Ayre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01400662 . The registered office is 133 Evelina Road, London, SE15 3HB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% straight line
Plant & Machinery 33% reducing balance
Computer Equipment 33% reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 65,000
As at 31 December 2023 65,000
Amortisation
As at 1 January 2023 65,000
As at 31 December 2023 65,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 182,965 691,655 28,628 903,248
Additions - 16,190 - 16,190
As at 31 December 2023 182,965 707,845 28,628 919,438
...CONTINUED
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Page 5
Depreciation
As at 1 January 2023 - 660,740 23,801 684,541
Provided during the period - 15,544 1,593 17,137
As at 31 December 2023 - 676,284 25,394 701,678
Net Book Value
As at 31 December 2023 182,965 31,561 3,234 217,760
As at 1 January 2023 182,965 30,915 4,827 218,707
6. Investment Property
2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 298,500
7. Stocks
2023 2022
£ £
Finished goods 8,560 7,230
8. Debtors
2023 2022
£ £
Due within one year
TooGoodToGo receivable 1,951 -
Square balance adjustments - (16,565 )
VAT 1,679 -
Called up share capital not paid 1,000 1,000
4,630 (15,565 )
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,901 10,776
Trade creditors 71,176 98,167
Bank loans and overdrafts 284,281 258,222
Corporation tax 13,794 19,113
Other taxes and social security 921 2,847
VAT - 153
Net wages - 300
Ayre Retail intercompany (90,788 ) (90,788 )
Pension Control Account 277 444
Funding Circle 6,772 24,697
Square gift card - 136
Accruals and deferred income 635 635
Bradleys Loan 13,598 (34,470 )
307,567 290,232
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10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Coronavirus Business Interruption Loan 30,294 34,351
Kennet Loan 15,307 -
45,601 34,351
11. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,901 10,776
12. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 1,000 1,000
Called Up Share Capital has been paid up 105 105
Amount of Allotted, Called Up Share Capital 1,105 1,105
13. Reserves
Revaluation Reserve
£
As at 1 January 2023 176,837
As at 31 December 2023 176,837
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