Registered number
00218461
Joseph Clark & Sons (Soho) Limited
Unaudited Filleted Accounts
For the year ended
24 December 2023
Joseph Clark & Sons (Soho) Limited
Registered number: 00218461
Balance Sheet
as at 24 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,235,000 1,235,000
Investments 4 26,760 25,000
1,261,760 1,260,000
Current assets
Debtors 5 930,240 969,581
Cash at bank and in hand 397,041 209,735
1,327,281 1,179,316
Creditors: amounts falling due within one year 6 (1,201,256) (1,090,913)
Net current assets 126,025 88,403
Total assets less current liabilities 1,387,785 1,348,403
Provisions for liabilities 7 (133,000) (133,000)
Net assets 1,254,785 1,215,403
Capital and reserves
Called up share capital 18,000 18,000
Investment property fair value reserve 8 1,035,072 1,035,072
Profit and loss account 201,713 162,331
Shareholder's funds 1,254,785 1,215,403
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M.S.Wilford
Director
Approved by the board on 4 September 2024
Joseph Clark & Sons (Soho) Limited
Notes to the Accounts
for the year ended 24 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of rents and service charges receivable net of value added tax.
Investment properties
Investment Properties have been measured at fair value at the reporting date with changes in fair value recognised in the Investment property fair value reserve, being part of shareholders funds. The investment property fair value was determined by the directors by reference to reports procured from an independent, qualified valuer who uses current market prices for comparable properties, adjusted for any differences in nature, location and condition. Director's believe that there has been no change in value of these investment properties since the last revaluation.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Deferred Taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost or Fair value
At 25 December 2022 1,235,000
At 24 December 2023 1,235,000
Depreciation
At 24 December 2023 -
Net book value
At 24 December 2023 1,235,000
At 24 December 2022 1,235,000
Freehold land and buildings: 2023 2022
£ £
Historical cost 66,928 66,928
Cumulative depreciation based on historical cost - -
66,928 66,928
4 Investments
Other
investments
£
Cost
At 25 December 2022 25,000
Additions 1,760
At 24 December 2023 26,760
5 Debtors 2023 2022
£ £
Other debtors 930,240 969,581
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 27,034 24,720
Other creditors 1,174,222 1,066,193
1,201,256 1,090,913
7 Provisions for liabilities 2023 2022
£ £
Deferred taxation
Brought forward 133,000 107,800
Arising in the year 0 25,200
At 24 December 2023 133,000 133,000
8 Investment property fair value reserve 2023 2022
£ £
At 25 December 2022 1,035,072 1,060,272
Deferred taxation arising on the revaluation of land and buildings - (25,200)
At 24 December 2023 1,035,072 1,035,072
9 Other information
Joseph Clark & Sons (Soho) Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Lower Ground Floor
65 London Wall
London
EC2M 5TU
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