Registered number
01148110
John and Jill Limited
Filleted Accounts
31 December 2023
BAS Associates Ltd
Chartered Management Accountants
8 Wingbury Courtyard
Leighton Road
Wingrave
HP22 4LW
T: 01296 684341
John and Jill Limited
Registered number: 01148110
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1 1
Investments 4 1,687,458 1,408,712
1,687,459 1,408,713
Current assets
Cash at bank and in hand 60,436 287,207
Creditors: amounts falling due within one year 5 (7,664) (13,378)
Net current assets 52,772 273,829
Net assets 1,740,231 1,682,542
Capital and reserves
Called up share capital 9,500 9,500
Profit and loss account 1,730,731 1,673,042
Shareholders' funds 1,740,231 1,682,542
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J F Branham
Director
Approved by the board on 6 August 2024
John and Jill Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Interest Income
Interest Income is recognised in the profit or loss using the effective interest method.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 1
At 31 December 2023 1
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 1
At 31 December 2022 1
The Freehold property is held subject to a long lease which has been granted by the company. The lessee has an option to acquire the freehold reversion for £10, any time after 25 December 2010
4 Investments
Other
investments
£
Cost
At 1 January 2023 1,408,712
Additions 291,342
Disposals (90,216)
Revaluations 77,620
At 31 December 2023 1,687,458
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 7,664 13,378
6 Related party transactions
During the year the company paid dividends in the amount of £15,000 (2022: £15,000) to J F Branham and £15,000 (2022: £15,000) to D J Branham, directors of the company, in their capacity as trustees.
7 Controlling party
There is no ultimate controlling party of the company by virtue of their shareholding
8 Other information
John and Jill Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Wingbury Courtyard
Leighton Road
Wingrave
Buckinghamshire
HP22 4LW
John and Jill Limited 01148110 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 Mr J F Branham No description of principal activity 01148110 2022-01-01 2022-12-31 01148110 core:WithinOneYear 2022-12-31 01148110 core:ShareCapital 2022-12-31 01148110 core:RetainedEarningsAccumulatedLosses 2022-12-31 01148110 2023-01-01 2023-12-31 01148110 bus:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 01148110 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01148110 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01148110 bus:Director40 2023-01-01 2023-12-31 01148110 2 2023-01-01 2023-12-31 01148110 countries:England 2023-01-01 2023-12-31 01148110 bus:FRS102 2023-01-01 2023-12-31 01148110 bus:FilletedAccounts 2023-01-01 2023-12-31 01148110 2023-12-31 01148110 core:WithinOneYear 2023-12-31 01148110 core:ShareCapital 2023-12-31 01148110 core:RetainedEarningsAccumulatedLosses 2023-12-31 01148110 core:LandBuildings 2023-12-31 01148110 core:AdditionsToInvestments 2023-12-31 01148110 core:RevaluationsIncreaseDecreaseInInvestments 2023-12-31 01148110 core:DisposalsRepaymentsInvestments 2023-12-31 01148110 2022-12-31 01148110 core:LandBuildings 2022-12-31 iso4217:GBP xbrli:pure