Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-02-01No description of principal activity22truetruefalse 08871132 2023-02-01 2024-01-31 08871132 2024-01-31 08871132 2022-02-01 2023-01-31 08871132 2023-01-31 08871132 c:Director1 2023-02-01 2024-01-31 08871132 c:Director2 2023-02-01 2024-01-31 08871132 c:RegisteredOffice 2023-02-01 2024-01-31 08871132 d:FreeholdInvestmentProperty 2024-01-31 08871132 d:FreeholdInvestmentProperty 2023-01-31 08871132 d:CurrentFinancialInstruments 2024-01-31 08871132 d:CurrentFinancialInstruments 2023-01-31 08871132 d:Non-currentFinancialInstruments 2024-01-31 08871132 d:Non-currentFinancialInstruments 2023-01-31 08871132 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 08871132 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 08871132 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 08871132 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 08871132 d:ShareCapital 2024-01-31 08871132 d:ShareCapital 2023-01-31 08871132 d:RetainedEarningsAccumulatedLosses 2024-01-31 08871132 d:RetainedEarningsAccumulatedLosses 2023-01-31 08871132 c:FRS102 2023-02-01 2024-01-31 08871132 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08871132 c:FullAccounts 2023-02-01 2024-01-31 08871132 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08871132 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 08871132







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


JAMES MARTIN INVESTMENTS LIMITED






































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JAMES MARTIN INVESTMENTS LIMITED
 


 
COMPANY INFORMATION


Directors
Mr L Field 
Mr S Franks 




Registered number
08871132



Registered office
7 Lakeside Business Park
Swan Lane

Sandhurst

Berkshire

GU47 9DN




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


JAMES MARTIN INVESTMENTS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 4


 


JAMES MARTIN INVESTMENTS LIMITED
REGISTERED NUMBER:08871132



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,057,847
1,057,847

  
1,057,847
1,057,847

Current assets
  

Cash at bank and in hand
  
22,301
29,673

  
22,301
29,673

Creditors: amounts falling due within one year
 5 
(2,142)
(5,066)

Net current assets
  
 
 
20,159
 
 
24,607

Total assets less current liabilities
  
1,078,006
1,082,454

Creditors: amounts falling due after more than one year
 6 
(759,781)
(759,781)

Provisions for liabilities
  

Deferred tax
  
(92,466)
(74,569)

  
 
 
(92,466)
 
 
(74,569)

Net assets
  
225,759
248,104


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
225,659
248,004

  
225,759
248,104


Page 1

 


JAMES MARTIN INVESTMENTS LIMITED
REGISTERED NUMBER:08871132


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr L Field
Director

Date: 20 September 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 


JAMES MARTIN INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

James Martin Investments Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the rents receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Investment properties

Investment property is carried at fair value determined annually by the Director and derived from the current
market rents and investment property yields for comparable real estate, adjusted if necessary for any
difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair
value are recognised in profit or loss.

Page 3

 


JAMES MARTIN INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The company has no employees other than the Directors, who did not receive any remuneration (2023 - £Nil).






4.


Investment property


Freehold investment properties

£



Valuation


At 1 February 2023
1,057,847



At 31 January 2024
1,057,847

The 2024 valuations were made by the director, on an open market value for existing use basis.





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
1,716

Accruals and deferred income
2,142
3,350

2,142
5,066



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
709,781
709,781

Other creditors
50,000
50,000

759,781
759,781


The bank loans are secured via a fixed charge over the freehold investment properties.
A director has provided a personal guarantee over the bank loan.
The other creditors balance is entirely made up of interest free loans by the Directors.  No repayments are expected to be made within the next 12 months.

 
Page 4