REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
Buster Jimmy CV Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
Buster Jimmy CV Limited |
Buster Jimmy CV Limited (Registered number: 14044329) |
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 CV Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
6 Lichfield Street |
Burton on Trent |
Staffordshire |
DE14 3RD |
Buster Jimmy CV Limited (Registered number: 14044329) |
Abridged Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Revaluation reserve | 6 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
Buster Jimmy CV Limited (Registered number: 14044329) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Buster Jimmy CV Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going Concern |
The company's investments are held for a return in the medium term. The directors have arranged an ongoing finance line to support the company's objectives and are satisfied that cashflow will be available to meet the company's needs until returns are realised. The accounts have been prepared on the going concern basis which the directors consider to be appropriate. |
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. |
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". |
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. |
Creditors |
Short term creditors are measured at the transaction price. Other financial liabilities 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 NIL (2022 - NIL). |
Buster Jimmy CV Limited (Registered number: 14044329) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST OR VALUATION |
At 1 January 2023 | 2,131,352 |
Additions | 3,538,251 |
Revaluations | 466,818 |
At 31 December 2023 | 6,136,421 |
NET BOOK VALUE |
At 31 December 2023 | 6,136,421 |
At 31 December 2022 | 2,131,352 |
Cost or valuation at 31 December 2023 is represented by: |
Totals |
£ |
Valuation in 2023 | 466,818 |
Cost | 5,669,603 |
6,136,421 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary Shares | £1 | 100 | 100 |
6. | RESERVES |
Revaluation |
reserve |
£ |
At 1 January 2023 |
Transfer | 459,717 |
At 31 December 2023 |
7. | RELATED PARTY DISCLOSURES |
The balance owed by group undertakings at 31 December 2023 was £Nil (2022 - £100). |
The balance owing to group undertakings at 31 December 2023 was £688,875 (2022 - £15,428). |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is Buster Jimmy Investments Limited. |
The ultimate controlling party is |