IRIS Accounts Production v24.1.4.33 08594241 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085942412023-01-31085942412024-01-31085942412023-02-012024-01-31085942412022-01-31085942412022-02-012023-01-31085942412023-01-3108594241ns15:EnglandWales2023-02-012024-01-3108594241ns14:PoundSterling2023-02-012024-01-3108594241ns10:Director12023-02-012024-01-3108594241ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108594241ns10:SmallEntities2023-02-012024-01-3108594241ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3108594241ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3108594241ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108594241ns10:FullAccounts2023-02-012024-01-3108594241ns10:Director22023-02-012024-01-3108594241ns10:RegisteredOffice2023-02-012024-01-3108594241ns5:CurrentFinancialInstruments2024-01-3108594241ns5:CurrentFinancialInstruments2023-01-3108594241ns5:ShareCapital2024-01-3108594241ns5:ShareCapital2023-01-3108594241ns5:RetainedEarningsAccumulatedLosses2024-01-3108594241ns5:RetainedEarningsAccumulatedLosses2023-01-3108594241ns5:FurnitureFittings2023-02-012024-01-3108594241ns5:PlantMachinery2023-01-3108594241ns5:PlantMachinery2023-02-012024-01-3108594241ns5:PlantMachinery2024-01-3108594241ns5:PlantMachinery2023-01-3108594241ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3108594241ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31085942411ns10:Director12023-01-31085942411ns10:Director12022-01-31085942411ns10:Director12023-02-012024-01-31085942411ns10:Director12022-02-012023-01-31085942411ns10:Director12024-01-31085942411ns10:Director12023-01-31
REGISTERED NUMBER: 08594241 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Johnston Estates Limited

Johnston Estates Limited (Registered number: 08594241)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Johnston Estates Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S M Johnston
O N Johnston





REGISTERED OFFICE: 2 The Drive
Chichester
West Sussex
PO19 5RE





REGISTERED NUMBER: 08594241 (England and Wales)





ACCOUNTANTS: SO Accounting Limited
Chartered Accountants
2 Harris Close
Frome
Somerset
BA11 5JY

Johnston Estates Limited (Registered number: 08594241)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,491 3,322
Investment property 5 495,595 495,595
498,086 498,917

CURRENT ASSETS
Debtors 6 300,751 363,692
Cash at bank 989,417 401,500
1,290,168 765,192
CREDITORS
Amounts falling due within one year 7 503,440 52,768
NET CURRENT ASSETS 786,728 712,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,284,814

1,211,341

PROVISIONS FOR LIABILITIES 498 664
NET ASSETS 1,284,316 1,210,677

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 1,283,216 1,209,577
1,284,316 1,210,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Johnston Estates Limited (Registered number: 08594241)

Balance Sheet - continued
31 January 2024


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 26 August 2024 and were signed on its behalf by:





S M Johnston - Director


Johnston Estates Limited (Registered number: 08594241)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Johnston Estates 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Johnston Estates Limited (Registered number: 08594241)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 6,452
DEPRECIATION
At 1 February 2023 3,130
Charge for year 831
At 31 January 2024 3,961
NET BOOK VALUE
At 31 January 2024 2,491
At 31 January 2023 3,322

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 495,595
NET BOOK VALUE
At 31 January 2024 495,595
At 31 January 2023 495,595

Johnston Estates Limited (Registered number: 08594241)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 5,160 -
Other debtors 295,591 363,692
300,751 363,692

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 23,850 21,614
Other creditors 479,590 31,154
503,440 52,768

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

the indebtedness to the director and movements in indebtedness to the a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
S M Johnston
Balance outstanding at start of year (30,277 ) (28,884 )
Amounts advanced 212,606 10,000
Amounts repaid (665,773 ) (11,393 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (483,444 ) (30,277 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is S M Johnston.