IRIS Accounts Productionv24.1.4.3300487525Board of Directors1.1.2331.12.2331.12.23falsetruefalsefalsetruefalse iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh004875252022-12-31004875252023-12-31004875252023-01-012023-12-31004875252021-12-31004875252022-01-012022-12-31004875252022-12-3100487525ns15:EnglandWales2023-01-012023-12-3100487525ns14:PoundSterling2023-01-012023-12-3100487525ns10:Director12023-01-012023-12-3100487525ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3100487525ns10:SmallEntities2023-01-012023-12-3100487525ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3100487525ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100487525ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100487525ns10:FullAccounts2023-01-012023-12-3100487525ns10:Director22023-01-012023-12-3100487525ns10:CompanySecretary12023-01-012023-12-3100487525ns10:RegisteredOffice2023-01-012023-12-3100487525ns5:CurrentFinancialInstruments2023-12-3100487525ns5:CurrentFinancialInstruments2022-12-3100487525ns5:ShareCapital2023-12-3100487525ns5:ShareCapital2022-12-3100487525ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3100487525ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3100487525ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3100487525ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3100487525ns5:RetainedEarningsAccumulatedLosses2023-12-3100487525ns5:RetainedEarningsAccumulatedLosses2022-12-3100487525ns5:ComputerEquipment2023-01-012023-12-3100487525ns5:LandBuildings2022-12-3100487525ns5:ComputerEquipment2022-12-3100487525ns5:LandBuildings2023-01-012023-12-3100487525ns5:LandBuildings2023-12-3100487525ns5:ComputerEquipment2023-12-3100487525ns5:LandBuildings2022-12-3100487525ns5:ComputerEquipment2022-12-3100487525ns5:CostValuation2022-12-3100487525ns5:RevaluationsIncreaseDecreaseInInvestments2023-12-3100487525ns5:CostValuation2023-12-3100487525ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100487525ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3100487525ns5:RetainedEarningsAccumulatedLosses2022-12-3100487525ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3100487525ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3100487525ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31004875251ns10:Director12022-12-31004875251ns10:Director12021-12-31004875251ns10:Director12023-01-012023-12-31004875251ns10:Director12022-01-012022-12-31004875251ns10:Director12023-12-31004875251ns10:Director12022-12-310048752512023-01-012023-12-31

REGISTERED NUMBER: 00487525 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


FOR


W. & J. JARVIS LIMITED


W. & J. JARVIS LIMITED (REGISTERED NUMBER: 00487525)


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023











Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




W. & J. JARVIS LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023









DIRECTORS:

M A W Jarvis


A.D. Jarvis







SECRETARY:

M A W Jarvis







REGISTERED OFFICE:

Redwood


Beaconsfield Road


Chelwood Gate


Haywards Heath


Sussex


RH17 7LG







REGISTERED NUMBER:

00487525 (England and Wales)







ACCOUNTANTS:

Orcom Civvals Limited


Accountants


50 Seymour Street


London


W1H 7JG


W. & J. JARVIS LIMITED (REGISTERED NUMBER: 00487525)


BALANCE SHEET

31 DECEMBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

2,352,810


1,803,041



Investments

5

184,265


139,112



2,537,075


1,942,153




CURRENT ASSETS

Debtors

6

-


20,581



Cash at bank

264,673


280,233



264,673


300,814



CREDITORS

Amounts falling due within one year

7

93,987


71,943



NET CURRENT ASSETS

170,686


228,871



TOTAL ASSETS LESS CURRENT

LIABILITIES

2,707,761


2,171,024




PROVISIONS FOR LIABILITIES

275,160


179,056



NET ASSETS

2,432,601


1,991,968




CAPITAL AND RESERVES

Called up share capital

30,000


30,000



Other reserves

8

2,812


2,812



Fair value reserve

8

1,858,228


1,359,179



Retained earnings

8

541,561


599,977



SHAREHOLDERS' FUNDS

2,432,601


1,991,968




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


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


W. & J. JARVIS LIMITED (REGISTERED NUMBER: 00487525)


BALANCE SHEET - continued

31 DECEMBER 2023



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


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 31 July 2024 and were signed on its behalf by:






M A W Jarvis - Director



W. & J. JARVIS LIMITED (REGISTERED NUMBER: 00487525)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023



1.

STATUTORY INFORMATION



W. & J. Jarvis 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.

ACCOUNTING POLICIES



Basis of preparing the financial statements


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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.    



Tangible 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.  


Computer equipment

-

25% on reducing balance


Investment properties are included at fair value. Revaluation surpluses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Listed investments are included at fair value, .


Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 2 (2022 - 2 ) .


W. & J. JARVIS LIMITED (REGISTERED NUMBER: 00487525)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023



4.

TANGIBLE FIXED ASSETS


Freehold


Computer



property


equipment


Totals

£   

£   

£   



COST OR VALUATION


At 1 January 2023

1,800,000


10,117


1,810,117




Additions

-


686


686




Revaluations

550,000


-


550,000




At 31 December 2023

2,350,000


10,803


2,360,803




DEPRECIATION


At 1 January 2023

-


7,076


7,076




Charge for year

-


917


917




At 31 December 2023

-


7,993


7,993




NET BOOK VALUE


At 31 December 2023

2,350,000


2,810


2,352,810




At 31 December 2022

1,800,000


3,041


1,803,041




The investment freehold property was valued by the directors on a fair value basis as at 31 December 2023.

On historical basis these would have been included at an original cost of £376,830 ( 2022: £376,830).

Computer equipment is stated at cost.

5.

FIXED ASSET INVESTMENTS


Other


investments

£   



COST OR VALUATION


At 1 January 2023

139,112




Revaluations

45,153




At 31 December 2023

184,265




NET BOOK VALUE


At 31 December 2023

184,265




At 31 December 2022

139,112





The fixed asset investments are stated at their fair value as at 31 December 2023.



On historical basis these would have been included at an original cost of £30,048 ( 2022: £30,048).


W. & J. JARVIS LIMITED (REGISTERED NUMBER: 00487525)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023



6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Other debtors

-


10,754




Directors' current accounts

-


9,827



-


20,581




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Trade creditors

37,750


37,750




Tax

20,245


10,208




Social security and other taxes

3,022


1




Other creditors

26,663


20,384




Directors' current accounts

2,527


-




Accrued expenses

3,780


3,600



93,987


71,943




8.

RESERVES


Fair



Retained


Other


value



earnings


reserves


reserve


Totals

£   

£   

£   

£   




At 1 January 2023

599,977


2,812


1,359,179


1,961,968




Profit for the year

575,633


575,633




Dividends

(135,000

)

(135,000

)



Unrealised fair value gain

(499,049

)

-


499,049


-




At 31 December 2023

541,561


2,812


1,858,228


2,402,601




9.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:


2023

2022


£   

£   



M A W Jarvis


Balance outstanding at start of year

9,827


(10,810

)



Amounts advanced

(2,354

)

20,637




Amounts repaid

(10,000

)

-




Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

(2,527

)

9,827




The director has repaid the loan made by the company of £9,827 (see note 8) by 30 September 2023.


W. & J. JARVIS LIMITED (REGISTERED NUMBER: 00487525)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023



10.

RELATED PARTY DISCLOSURES



During the year, total dividends of £54,000 (2022 - £27,000) were paid to the directors .


11.

POST BALANCE SHEET EVENTS


The company sold its freehold property in March 2024 for a consideration of £2,350,000.