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Registration number: 11127054

Albert E. James & Son Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

Pages for filing with Registrar

 

Albert E. James & Son Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Albert E. James & Son Holdings Limited

Company Information

Directors

J M Mogg

J Smith

Registered office

Barrow Mill Barrow Street
Barrow Gurney
Bristol
BS48 3RU

Registered number

11127054

Accountants

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Albert E. James & Son Holdings Limited

(Registration number: 11127054)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

210,000

210,000

Current assets

 

Cash at bank and in hand

 

10

10

Creditors: Amounts falling due within one year

5

(210,129)

(210,129)

Net current liabilities

 

(210,119)

(210,119)

Net liabilities

 

(119)

(119)

Capital and reserves

 

Called up share capital

6

9

10

Capital redemption reserve

1

-

Profit and loss account

(129)

(129)

Total equity

 

(119)

(119)

 

Albert E. James & Son Holdings Limited

(Registration number: 11127054)
Balance Sheet as at 31 December 2023

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 12 August 2024 and signed on its behalf by:
 

.........................................

J M Mogg
Director

 

Albert E. James & Son Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Barrow Mill Barrow Street
Barrow Gurney
Bristol
BS48 3RU
England

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Albert E. James & Son Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Albert E. James & Son Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Investments

2023
£

2022
£

Investments in subsidiaries

210,000

210,000

Subsidiaries

£

Cost

At 1 January 2023

1,622,181

At 31 December 2023

1,622,181

Provision

At 1 January 2023

1,412,181

At 31 December 2023

1,412,181

Carrying amount

At 31 December 2023

210,000

At 31 December 2022

210,000

5

Creditors

Note

2023
£

2022
£

Amounts falling due within one year

 

Amounts owed to group undertakings

207,908

176,192

Directors' loan accounts

2,221

33,937

 

210,129

210,129

 

Albert E. James & Son Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary B shares of £0.01 each

900

9.00

900

9.00

Ordinary C shares of £0.01 each

-

-

100

1.00

 

900

9

1,000

10

On 29 September 2023 the company repurchased 100 £0.01 Ordinary C shares for an aggregate value of £40,000.