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REGISTERED NUMBER: 08318031 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Buster Jimmy Limited

Buster Jimmy Limited (Registered number: 08318031)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Buster Jimmy Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M G Wright
Mrs C R Wright





SECRETARY: M G Wright





REGISTERED OFFICE: 47a Queen Street
Derby
Derbyshire
DE1 3DE





REGISTERED NUMBER: 08318031 (England and Wales)





ACCOUNTANTS: Bourne and Co.
Chartered Accountants
6 Lichfield Street
Burton on Trent
Staffordshire
DE14 3RD

Buster Jimmy Limited (Registered number: 08318031)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 29,211,415 28,869,343

CURRENT ASSETS
Debtors 9,773,468 9,870,963
Cash at bank 148,883 220,199
9,922,351 10,091,162
CREDITORS
Amounts falling due within one year 7,914,610 8,028,245
NET CURRENT ASSETS 2,007,741 2,062,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,219,156

30,932,260

PROVISIONS FOR LIABILITIES 19,489 11,498
NET ASSETS 31,199,667 30,920,762

CAPITAL AND RESERVES
Called up share capital 5 1,040 1,040
Share premium 233,468 233,468
Revaluation reserve 6 58,468 49,019
Retained earnings 30,906,691 30,637,235
SHAREHOLDERS' FUNDS 31,199,667 30,920,762

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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 September 2024 and were signed on its behalf by:





M G Wright - Director


Buster Jimmy Limited (Registered number: 08318031)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Buster Jimmy 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.

Preparation of consolidated financial statements
The financial statements contain information about Buster Jimmy Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the investment income receivable by the company during the period. This is in the form of franked investment income and interest receivable.

Investments in subsidiaries
Investments in subsidiaries are accounted for at cost less impairment in the individual financial statements.

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.

Taxation
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Fixed asset investments
Listed investments and other investments where the fair value can be measured reliably are shown at fair value. The movements in fair value are recognised in the income statement as "Gain/loss on revaluation of investments".

Buster Jimmy Limited (Registered number: 08318031)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price less any impairment. Amounts due from related parties are measured initially at fair value and consideration given to any impairment necessary.
Long term debtors are measured at the transaction value and any potential impairment in value recognised through the profit and loss account.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities including bank loans are measured initially at fair value net of transaction costs and are measured subsequently as required by accounting standard FRS102.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 January 2023 28,869,343
Additions 324,982
Disposals (350 )
Revaluations 17,440
At 31 December 2023 29,211,415
NET BOOK VALUE
At 31 December 2023 29,211,415
At 31 December 2022 28,869,343

Cost or valuation at 31 December 2023 is represented by:
Totals
£   
Valuation in 2023 77,957
Cost 29,133,458
29,211,415

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
104,000 Ordinary 0.01 1,040 1,040

6. RESERVES
Revaluation
reserve
£   
At 1 January 2023 49,019
Transfer 9,449

At 31 December 2023 58,468

Buster Jimmy Limited (Registered number: 08318031)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. RELATED PARTY DISCLOSURES

The amounts owed by group undertakings at 31 December 2023 was £1,484,575 (2022: £1,428,518).

The amounts owed to group undertakings at 31 December 2023 was £651,761 (2022: £412,974).

The amounts owed by associated companies under common control at 31 December 2023 was £3,356 (2022: £Nil).

The amounts owed to associated companies under common control at 31 December 2023 was £7,240,473 (2022: £7,579,517).

No interest is charged on these loans during this year.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Buster Jimmy Holdco Limited.