Company No:
Contents
DIRECTORS | Mrs F L Butler (Appointed 13 March 2023) |
Mrs K G Jeavons (Appointed 13 March 2023) | |
Mr M J Jeavons (Appointed 13 March 2023, Resigned 21 March 2023) | |
Mr T J Jeavons (Appointed 13 March 2023) |
REGISTERED OFFICE | Sigma House |
Oak View Close | |
Edginswell Park | |
Torquay | |
TQ2 7FF | |
United Kingdom |
COMPANY NUMBER | 14724698 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Sigma House | |
Oak View Close | |
Edginswell Park | |
Torquay | |
TQ2 7FF |
Note | 31.03.2024 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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Investment property | 4 |
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Investments | 5 |
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836,580 | ||
Current assets | ||
Debtors | 6 |
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Cash at bank and in hand |
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12,325 | ||
Creditors: amounts falling due within one year | 7 | (
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Net current assets | 4,308 | |
Total assets less current liabilities | 840,888 | |
Creditors: amounts falling due after more than one year | 8 | (
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Net liabilities | (
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Capital and reserves | ||
Called-up share capital | 9 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Jeavons & Butler Limited (registered number:
Mrs F L Butler
Director |
Mrs K G Jeavons
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Jeavons & Butler 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 Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.
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 £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £98,571. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The company was incorporated on 13 March 2023 and hence the current financial statements covers the period from 13 March 2023 to 31 March 2024.
Plant and machinery |
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Fixtures and fittings |
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Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
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.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
Period from 13.03.2023 to 31.03.2024 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Plant and machinery | Fixtures and fittings | Total | |||
£ | £ | £ | |||
Cost | |||||
At 13 March 2023 |
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Additions |
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At 31 March 2024 |
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Accumulated depreciation | |||||
At 13 March 2023 |
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Charge for the financial period |
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At 31 March 2024 |
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Net book value | |||||
At 31 March 2024 |
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Investment property | |
£ | |
Valuation | |
As at 13 March 2023 |
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Additions | 701,210 |
As at 31 March 2024 |
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Valuation
The fair value of the company's investment property was not revalued in the current year as the property was acquired within the year and the view was taken that there was no material change in the value of the property.
Investments in subsidiaries
31.03.2024 | |
£ | |
Cost | |
At 13 March 2023 | 0 |
Additions |
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At 31 March 2024 |
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Carrying value at 31 March 2024 |
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31.03.2024 | |
£ | |
Trade debtors |
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31.03.2024 | |
£ | |
Trade creditors |
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Other creditors |
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31.03.2024 | |
£ | |
Bank loans |
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Other creditors |
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31.03.2024 | |
£ | |
Allotted, called-up and fully-paid | |
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100 |