Director
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24 September 2024
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Resigned |
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Director
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for and on behalf of
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Riverview Court
Castle Gate
Wetherby
West Yorkshire
LS22 6LE
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2023 | 2022 | |||
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Notes | £ | £ | ||
TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
( |
( |
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Other operating income |
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OPERATING (LOSS)/PROFIT | 4 |
( |
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Other interest receivable and similar income | 9 |
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(LOSS)/PROFIT BEFORE TAXATION |
( |
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Tax on (Loss)/profit | 10 |
( |
( |
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(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR |
( |
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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
( |
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2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
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Investments | 13 |
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CURRENT ASSETS | |||||
Stocks | 14 |
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Debtors | 15 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 16 |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 17 |
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( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 19 |
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Revaluation reserve |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 7,739,087 | 7,869,393 | |||
Director
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Share Capital | Revaluation reserve | Profit and Loss Account | Total | |
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£ | £ | £ | £ | |
As at 1 January 2022 |
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7,800,500 |
Profit for the year and total comprehensive income | - | - |
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68,893 |
Transfer from revaluation reserve | - | - | 145,712 | 145,712 |
Transfer to/from Profit & Loss Account | - |
( |
- | (145,712) |
As at 31 December 2022 and 1 January 2023 |
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7,869,393 |
Loss for the year and total comprehensive income | - | - |
( |
(130,306) |
Transfer from revaluation reserve | - | - | 145,712 | 145,712 |
Transfer to/from Profit & Loss Account | - |
( |
- | (145,712) |
As at 31 December 2023 |
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7,739,087 |
2023 | 2022 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash (used in)/generated from operations | 1 |
( |
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Tax paid |
( |
( |
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Net cash (used in)/generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
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Grants received |
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Interest received |
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Net cash used in investing activities |
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( |
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Cash flows from financing activities | ||||
Amount introduced by directors | 5,928 | 5,370 | ||
(Decrease)/increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2023 | 2022 | ||
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£ | £ | ||
(Loss)/profit for the financial year |
( |
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Adjustments for: | |||
Tax on (loss)/profit |
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Interest income |
( |
( |
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Depreciation of tangible assets |
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Grant income | - | (21,018) | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
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Increase in trade and other debtors |
( |
( |
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Increase in trade and other creditors |
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Net cash (used in)/generated from operations |
( |
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2023 | 2022 | ||
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£ | £ | ||
Cash at bank and in hand |
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As at 1 January 2023 | Cash flows | As at 31 December 2023 | |
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£ | £ | £ | |
Cash at bank and in hand |
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(480,252) |
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Freehold |
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Fine Art |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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2023 | 2022 | ||
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£ | £ | ||
Grant income | - |
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Rental income |
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1,194,514 | 1,221,366 | ||
2023 | 2022 | ||
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£ | £ | ||
Bad debts | - | 17,326 | |
Depreciation of tangible fixed assets |
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2023 | 2022 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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2023 | 2022 | ||
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£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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2023 | 2022 | ||
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£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2023 | 2022 | ||
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Money purchase pension schemes |
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2023 | 2022 | ||
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£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2023 | 2022 | ||
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£ | £ | ||
Bank interest receivable |
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Other interest receivable | 4,244 | - | |
11,558 | 327 | ||
The tax charge on the (loss)/profit for the year was as follows:
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Tax Rate | 2023 | 2022 | |||
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2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
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Deferred Tax | |||||
Origination and reversal of timing differences |
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Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected (credit)/charge for the year based on the (loss)/profit and the standard rate of corporation tax as follows:
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2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | (109,429) | 245,220 | |||
Tax on profit at 25% (UK standard rate) |
( |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Capital allowances |
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( |
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Short term timing differences |
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Difference in tax rates |
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Deferred tax relating to changes in tax rates or laws |
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Total tax charge for the period | 20,877 | 176,327 | |||
Other | |||
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£ | |||
Cost | |||
As at 1 January 2023 |
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As at 31 December 2023 |
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Amortisation | |||
As at 1 January 2023 |
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As at 31 December 2023 |
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Net Book Value | |||
As at 31 December 2023 |
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As at 1 January 2023 |
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Land & Property | |||||
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Freehold | Fine Art | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 January 2023 |
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Additions |
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As at 31 December 2023 |
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Depreciation | |||||
As at 1 January 2023 |
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Provided during the period |
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As at 31 December 2023 |
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Net Book Value | |||||
As at 31 December 2023 |
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As at 1 January 2023 |
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Subsidiaries | |
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£ | |
Cost | |
As at 1 January 2023 |
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As at 31 December 2023 |
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Provision | |
As at 1 January 2023 |
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As at 31 December 2023 |
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Net Book Value | |
As at 31 December 2023 |
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As at 1 January 2023 |
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Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
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Salts Mill, Victoria Road, Saltaire, Shipley, BD18 3LB |
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Capital and Reserves | Profit/(loss) | |
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£ | £ | |
Jonathan Silver Limited |
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2023 | 2022 | ||
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£ | £ | ||
Stock |
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2023 | 2022 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Related party loans |
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Directors' loan accounts | - |
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2023 | 2022 | ||
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£ | £ | ||
Trade creditors |
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Amounts owed to group undertakings |
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Other creditors | 111,681 | 96,131 | |
Corporation tax |
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Taxation and social security | 194,513 | 215,477 | |
Accruals and deferred income |
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2023 | 2022 | ||
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£ | £ | ||
Other timing differences | 364,739 | 364,222 | |
Deferred Tax | Total | |
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£ | £ | |
As at 1 January 2023 |
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364,222 |
Utilised |
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517 |
Balance at 31 December 2023 |
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364,739 |