Silverfin false false 31/08/2023 01/09/2022 31/08/2023 E Parkhurst J S Payne 24/11/1995 02 September 2024 The principal activity of the Company during the financial year was property investment. 00636013 2023-08-31 00636013 bus:Director2 2023-08-31 00636013 2022-08-31 00636013 core:CurrentFinancialInstruments 2023-08-31 00636013 core:CurrentFinancialInstruments 2022-08-31 00636013 core:ShareCapital 2023-08-31 00636013 core:ShareCapital 2022-08-31 00636013 core:RetainedEarningsAccumulatedLosses 2023-08-31 00636013 core:RetainedEarningsAccumulatedLosses 2022-08-31 00636013 core:InvestmentPropertyIncludedWithinPPE 2022-08-31 00636013 core:FurnitureFittings 2022-08-31 00636013 core:InvestmentPropertyIncludedWithinPPE 2023-08-31 00636013 core:FurnitureFittings 2023-08-31 00636013 core:ImmediateParent core:CurrentFinancialInstruments 2023-08-31 00636013 core:ImmediateParent core:CurrentFinancialInstruments 2022-08-31 00636013 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2023-08-31 00636013 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2022-08-31 00636013 2022-09-01 2023-08-31 00636013 bus:FilletedAccounts 2022-09-01 2023-08-31 00636013 bus:SmallEntities 2022-09-01 2023-08-31 00636013 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 00636013 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 00636013 bus:Director1 2022-09-01 2023-08-31 00636013 bus:Director2 2022-09-01 2023-08-31 00636013 core:FurnitureFittings 2022-09-01 2023-08-31 00636013 2021-09-01 2022-08-31 00636013 core:InvestmentPropertyIncludedWithinPPE 2022-09-01 2023-08-31 00636013 1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Company No: 00636013 (England and Wales)

JAVSFORD INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

JAVSFORD INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

JAVSFORD INVESTMENTS LIMITED

BALANCE SHEET

As at 31 August 2023
JAVSFORD INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 3,518,893 2,884,379
3,518,893 2,884,379
Current assets
Debtors 4 1,583,983 1,677,819
Cash at bank and in hand 311,903 401,516
1,895,886 2,079,335
Creditors: amounts falling due within one year 5 ( 872,762) ( 1,196,029)
Net current assets 1,023,124 883,306
Total assets less current liabilities 4,542,017 3,767,685
Provision for liabilities ( 176,927) ( 68,759)
Net assets 4,365,090 3,698,926
Capital and reserves
Called-up share capital 5,000 5,000
Profit and loss account 4,360,090 3,693,926
Total shareholder's funds 4,365,090 3,698,926

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Javsford Investments Limited (registered number: 00636013) were approved and authorised for issue by the Board of Directors on 02 September 2024. They were signed on its behalf by:

J S Payne
Director
JAVSFORD INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
JAVSFORD INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Javsford Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 1 Lansdowne Place, 17 Holdenhurst Road, Bournemouth, BH8 8EW.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and represents rent and service charges receivable from tenants.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing basis over its expected useful life, as follows:

Investment property not depreciated
Fixtures and fittings 10 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Investment property Fixtures and fittings Total
£ £ £
Cost
At 01 September 2022 2,881,850 14,901 2,896,751
Additions 136,669 0 136,669
Revaluations 534,618 0 534,618
Disposals ( 36,237) 0 ( 36,237)
At 31 August 2023 3,516,900 14,901 3,531,801
Accumulated depreciation
At 01 September 2022 0 12,372 12,372
Charge for the financial year 0 536 536
At 31 August 2023 0 12,908 12,908
Net book value
At 31 August 2023 3,516,900 1,993 3,518,893
At 31 August 2022 2,881,850 2,529 2,884,379

Investment properties

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset have been used. If the investment properties had been accounted for cost accounting rules, the properties would have been measured as follows: 2023 £1,964,230 2022 1,827,561.

4. Debtors

2023 2022
£ £
Trade debtors 9,125 10,193
Amounts owed by Group undertakings 422,983 757,474
Other debtors 1,151,875 910,152
1,583,983 1,677,819

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 10,146 2,046
Amounts owed to Parent undertakings 331,037 197,279
Amounts owed to fellow subsidiaries 15,000 15,000
Corporation tax 58,377 ( 8)
Other creditors 458,202 981,712
872,762 1,196,029

6. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Amounts owed to parent company 331,037 197,278

Transactions with entities in which the entity itself has a participating interest

2023 2022
£ £
Companies under common control amounts owed to the company 1,119,898 910,551

£59,955 (2022: £58.946) has been provided against the amounts owed to the company to give a net figure owed to the company of £1,059,943 (2022: £851,605).

Other related party transactions

2023 2022
£ £
Transactions with subsidiaries 422,983 757,074

£15,000 (2022: £15,000) has been provided against the amounts owed to the company to give a net figure owed to the company of 407,983 (2022: £742,074).

7. Ultimate controlling party

Parent Company:

Twentieth Century Investments Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorset, BH15 2PW

Owns 100% of the called up share capital.