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REGISTERED NUMBER: 00951360 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

J.J. SAUNDERS LIMITED

J.J. SAUNDERS LIMITED (REGISTERED NUMBER: 00951360)






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


J.J. SAUNDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: I J Saunders
Mrs J K Saunders
B J Saunders





REGISTERED OFFICE: Old Down Farm
Emborough
Radstock
Somerset
BA3 4SA





REGISTERED NUMBER: 00951360 (England and Wales)





ACCOUNTANTS: PG Owen Limited
Chartered Accountants
124 High Street
Midsomer Norton
Bath
Avon
BA3 2DA

J.J. SAUNDERS LIMITED (REGISTERED NUMBER: 00951360)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,327,680 1,356,375
Investment property 5 3,924,651 3,924,651
5,252,331 5,281,026

CURRENT ASSETS
Debtors 6 888,404 709,573
Cash at bank 5,799 11,461
894,203 721,034
CREDITORS
Amounts falling due within one year 7 262,810 371,991
NET CURRENT ASSETS 631,393 349,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,883,724

5,630,069

CREDITORS
Amounts falling due after more than one
year

8

(1,135,295

)

(868,784

)

PROVISIONS FOR LIABILITIES (434,553 ) (439,312 )
NET ASSETS 4,313,876 4,321,973

CAPITAL AND RESERVES
Called up share capital 295,800 295,800
Revaluation reserve 9 445,635 445,635
Capital redemption reserve 4,200 4,200
Retained earnings 3,568,241 3,576,338
4,313,876 4,321,973

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.

J.J. SAUNDERS LIMITED (REGISTERED NUMBER: 00951360)

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 10 September 2024 and were signed on its behalf by:





I J Saunders - Director


J.J. SAUNDERS LIMITED (REGISTERED NUMBER: 00951360)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

J.J. Saunders 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on reducing balance

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.

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.

J.J. SAUNDERS LIMITED (REGISTERED NUMBER: 00951360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 1,228,537 873,439 102,010 1,880 2,205,866
Additions - 891 - - 891
At 31 December 2023 1,228,537 874,330 102,010 1,880 2,206,757
DEPRECIATION
At 1 January 2023 - 797,449 50,834 1,208 849,491
Charge for year - 11,532 17,832 222 29,586
At 31 December 2023 - 808,981 68,666 1,430 879,077
NET BOOK VALUE
At 31 December 2023 1,228,537 65,349 33,344 450 1,327,680
At 31 December 2022 1,228,537 75,990 51,176 672 1,356,375

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 3,924,651
NET BOOK VALUE
At 31 December 2023 3,924,651
At 31 December 2022 3,924,651

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,269 60,355
Other debtors 590,967 482,950
Directors' current accounts 274,168 148,734
Prepayments and accrued income - 17,534
888,404 709,573

J.J. SAUNDERS LIMITED (REGISTERED NUMBER: 00951360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 86,524 110,301
Hire purchase contracts 7,807 7,807
Trade creditors 40,511 47,559
Tax 11,177 -
Social security and other taxes 1,967 3,271
Other creditors 76,837 163,532
Directors' current accounts 882 524
Accrued expenses 37,105 38,997
262,810 371,991

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 1,102,044 827,732
Hire purchase contracts 33,251 41,052
1,135,295 868,784

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 445,635

10. RELATED PARTY DISCLOSURES

The company has charged interest at the official rate on the overdrawn Directors loan accounts.

During the year the company charged a management fee of £100,000 (2022: £120,000) to Mendip Self Storage Limited, a company under common control.