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REGISTERED NUMBER: 06878860 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

JAMES SHOE CARE CANADA PLACE LIMITED

JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMES SHOE CARE CANADA PLACE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: D W James
A R James
Miss L C Stevens
Mrs R Baker
E James





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 06878860 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 351,430 358,975
Investments 5 372,707 372,707
724,137 731,682

CURRENT ASSETS
Stocks 11,784 9,091
Debtors 6 10,051 8,650
21,835 17,741
CREDITORS
Amounts falling due within one year 7 303,066 201,325
NET CURRENT LIABILITIES (281,231 ) (183,584 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,906

548,098

CREDITORS
Amounts falling due after more than one
year

8

(120,833

)

(255,833

)

PROVISIONS FOR LIABILITIES (8,981 ) (16,819 )
NET ASSETS 313,092 275,446

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 312,992 275,346
SHAREHOLDERS' FUNDS 313,092 275,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)

BALANCE SHEET - continued
30 NOVEMBER 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 21 August 2024 and were signed on its behalf by:




A R James - Director



D W James - Director


JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

James Shoe Care Canada Place 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.

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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - not provided
Improvements to property - not provided
Equipment, fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Equipment,
Improvements fixtures
Short to and
leasehold property fittings
£    £    £   
COST
At 1 December 2022 17,561 275,755 298,474
Additions - - 7,478
At 30 November 2023 17,561 275,755 305,952
DEPRECIATION
At 1 December 2022 - - 235,461
Charge for year - - 14,098
At 30 November 2023 - - 249,559
NET BOOK VALUE
At 30 November 2023 17,561 275,755 56,393
At 30 November 2022 17,561 275,755 63,013

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 14,984 6,632 613,406
Additions - - 7,478
At 30 November 2023 14,984 6,632 620,884
DEPRECIATION
At 1 December 2022 12,984 5,986 254,431
Charge for year 500 425 15,023
At 30 November 2023 13,484 6,411 269,454
NET BOOK VALUE
At 30 November 2023 1,500 221 351,430
At 30 November 2022 2,000 646 358,975

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Investment in subsidiary company 372,707 372,707

This investment is 100% of the shareholding of City of London Dry Cleaning Company Limited.

JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,401 -
Prepayments and other debtors 8,650 8,650
10,051 8,650

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,264 47,158
Trade creditors 34,387 12,241
Tax 9,798 13,270
Social security and other taxes 14,367 7,564
VAT 6,435 28,261
Other creditors 13,440 12,841
Inter-company account 176,547 79,635
Directors' current accounts 2,828 355
303,066 201,325

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 20,833 30,833
Directors' current accounts 100,000 225,000
120,833 255,833

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 233,708 233,708

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 35,264 37,158
Bank loans 30,833 40,833
66,097 77,991

The bank loans and overdraft are secured personally by the directors.

JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 December 2022 275,346
Profit for the year 74,646
Dividends (37,000 )
At 30 November 2023 312,992