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REGISTERED NUMBER: 00274103 (England and Wales)









JOHN VICKERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






JOHN VICKERS LIMITED (REGISTERED NUMBER: 00274103)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN VICKERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: C C K Butler
J A Butler
N W H Ericsson





SECRETARY: N W H Ericsson





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 00274103 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

JOHN VICKERS LIMITED (REGISTERED NUMBER: 00274103)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 378 825
Investment property 5 2,925,000 2,925,000
2,925,378 2,925,825

CURRENT ASSETS
Debtors 6 14,908 16,701
Cash at bank 35,340 4,662
50,248 21,363
CREDITORS
Amounts falling due within one year 7 37,607 25,924
NET CURRENT ASSETS/(LIABILITIES) 12,641 (4,561 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,938,019

2,921,264

PROVISIONS FOR LIABILITIES 8 247,886 247,886
NET ASSETS 2,690,133 2,673,378

CAPITAL AND RESERVES
Called up share capital 9 200 200
Fair value reserve 2,161,168 2,161,168
Retained earnings 528,765 512,010
SHAREHOLDERS' FUNDS 2,690,133 2,673,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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.

JOHN VICKERS LIMITED (REGISTERED NUMBER: 00274103)

BALANCE SHEET - continued
31 JANUARY 2024


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

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 28 August 2024 and were signed on its behalf by:





C C K Butler - Director


JOHN VICKERS LIMITED (REGISTERED NUMBER: 00274103)

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


1. STATUTORY INFORMATION

John Vickers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Revenue is measured at fair value of the consideration received or receivable.

Turnover represents gross rent receivable from the letting of the company's investment properties. Rent receivable is recognised on a straight-line basis over the lease term.

Interest receivable is recognised using the effective interest rate method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes expenditure directly attributable to making the asset capable of operating as intended by management.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement and transferred to the fair value reserve at the balance sheet date.

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.


JOHN VICKERS LIMITED (REGISTERED NUMBER: 00274103)

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


2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the income statement unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 1,343
DEPRECIATION
At 1 February 2023 518
Charge for year 447
At 31 January 2024 965
NET BOOK VALUE
At 31 January 2024 378
At 31 January 2023 825

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 2,925,000
NET BOOK VALUE
At 31 January 2024 2,925,000
At 31 January 2023 2,925,000

JOHN VICKERS LIMITED (REGISTERED NUMBER: 00274103)

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


5. INVESTMENT PROPERTY - continued

The directors consider the value of the investment property as at 31 January 2024 to be fair value. The fair value has been determined by reference to properties of a similar size, condition, location and letting potential to those held by the company.

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2017 3,129,054
Valuation in 2018 325,000
Valuation in 2019 (250,000 )
Valuation in 2021 (865,000 )
Valuation in 2022 305,000
Valuation in 2023 (235,000 )
Cost 515,946
2,925,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,000 -
Other debtors 13,908 16,701
14,908 16,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 24,122 12,620
Other creditors 13,485 13,304
37,607 25,924

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 247,886 247,886

Deferred
tax
£   
Balance at 1 February 2023 247,886
Balance at 31 January 2024 247,886

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,000 Ordinary 5p 200 200