Silverfin false false 31/03/2024 13/03/2023 31/03/2024 Mrs F L Butler 13/03/2023 Mrs K G Jeavons 13/03/2023 Mr M J Jeavons 21/03/2023 13/03/2023 Mr T J Jeavons 13/03/2023 13 September 2024 The principal activity of the company is furnished holiday lettings. 14724698 2024-03-31 14724698 bus:Director1 2024-03-31 14724698 bus:Director2 2024-03-31 14724698 bus:Director3 2024-03-31 14724698 bus:Director4 2024-03-31 14724698 core:CurrentFinancialInstruments 2024-03-31 14724698 core:Non-currentFinancialInstruments 2024-03-31 14724698 core:ShareCapital 2024-03-31 14724698 core:RetainedEarningsAccumulatedLosses 2024-03-31 14724698 core:PlantMachinery 2023-03-12 14724698 core:FurnitureFittings 2023-03-12 14724698 2023-03-12 14724698 core:PlantMachinery 2024-03-31 14724698 core:FurnitureFittings 2024-03-31 14724698 core:AdditionsToInvestments 2024-03-31 14724698 core:CostValuation 2024-03-31 14724698 bus:OrdinaryShareClass1 2024-03-31 14724698 bus:OrdinaryShareClass2 2024-03-31 14724698 2023-03-13 2024-03-31 14724698 bus:FilletedAccounts 2023-03-13 2024-03-31 14724698 bus:SmallEntities 2023-03-13 2024-03-31 14724698 bus:AuditExemptWithAccountantsReport 2023-03-13 2024-03-31 14724698 bus:PrivateLimitedCompanyLtd 2023-03-13 2024-03-31 14724698 bus:Director1 2023-03-13 2024-03-31 14724698 bus:Director2 2023-03-13 2024-03-31 14724698 bus:Director3 2023-03-13 2024-03-31 14724698 bus:Director4 2023-03-13 2024-03-31 14724698 core:PlantMachinery 2023-03-13 2024-03-31 14724698 core:FurnitureFittings 2023-03-13 2024-03-31 14724698 core:Non-currentFinancialInstruments 2023-03-13 2024-03-31 14724698 bus:OrdinaryShareClass1 2023-03-13 2024-03-31 14724698 bus:OrdinaryShareClass2 2023-03-13 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14724698 (England and Wales)

JEAVONS & BUTLER LIMITED

Unaudited Financial Statements
For the financial period from 13 March 2023 to 31 March 2024
Pages for filing with the registrar

JEAVONS & BUTLER LIMITED

Unaudited Financial Statements

For the financial period from 13 March 2023 to 31 March 2024

Contents

JEAVONS & BUTLER LIMITED

COMPANY INFORMATION

For the financial period from 13 March 2023 to 31 March 2024
JEAVONS & BUTLER LIMITED

COMPANY INFORMATION (continued)

For the financial period from 13 March 2023 to 31 March 2024
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
JEAVONS & BUTLER LIMITED

BALANCE SHEET

As at 31 March 2024
JEAVONS & BUTLER LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Tangible assets 3 135,270
Investment property 4 701,210
Investments 5 100
836,580
Current assets
Debtors 6 6,887
Cash at bank and in hand 5,438
12,325
Creditors: amounts falling due within one year 7 ( 8,017)
Net current assets 4,308
Total assets less current liabilities 840,888
Creditors: amounts falling due after more than one year 8 ( 939,459)
Net liabilities ( 98,571)
Capital and reserves
Called-up share capital 9 100
Profit and loss account ( 98,671 )
Total shareholders' deficit ( 98,571)

For the financial period ending 31 March 2024 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 Jeavons & Butler Limited (registered number: 14724698) were approved and authorised for issue by the Board of Directors on 13 September 2024. They were signed on its behalf by:

Mrs F L Butler
Director
Mrs K G Jeavons
Director
JEAVONS & BUTLER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 13 March 2023 to 31 March 2024
JEAVONS & BUTLER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 13 March 2023 to 31 March 2024
1. Accounting policies

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

General information and basis of accounting

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 £.

Going concern

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.

Reporting period length

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.

Turnover

Turnover represents amounts receivable during the year for income from renting of property.

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 straight-line/ reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Fixtures and fittings 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.

Fixed asset investments

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 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.

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.

2. Employees

Period from
13.03.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 13 March 2023 0 0 0
Additions 130,000 33,027 163,027
At 31 March 2024 130,000 33,027 163,027
Accumulated depreciation
At 13 March 2023 0 0 0
Charge for the financial period 19,500 8,257 27,757
At 31 March 2024 19,500 8,257 27,757
Net book value
At 31 March 2024 110,500 24,770 135,270

4. Investment property

Investment property
£
Valuation
As at 13 March 2023 0
Additions 701,210
As at 31 March 2024 701,210

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.

5. Fixed asset investments

Investments in subsidiaries

31.03.2024
£
Cost
At 13 March 2023 0
Additions 100
At 31 March 2024 100
Carrying value at 31 March 2024 100

6. Debtors

31.03.2024
£
Trade debtors 6,887

7. Creditors: amounts falling due within one year

31.03.2024
£
Trade creditors 7,318
Other creditors 699
8,017

8. Creditors: amounts falling due after more than one year

31.03.2024
£
Bank loans 349,989
Other creditors 589,470
939,459

Bank loans are secured on the Investment property purchased during the year.

9. Called-up share capital

31.03.2024
£
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50
50 Ordinary B shares of £ 1.00 each 50
100