Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
J W Ortho Limited |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
J W Ortho Limited |
J W Ortho Limited (Registered number: 03638128) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
J W Ortho Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bridge House |
2 Bridge Avenue |
Maidenhead |
Berkshire |
SL6 1RR |
J W Ortho Limited (Registered number: 03638128) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
J W Ortho Limited (Registered number: 03638128) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
J W Ortho Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Depreciation is not provided on the investment property as it shown at its open market value. |
Going concern |
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST OR VALUATION |
At 1 January 2023 |
Revaluations | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Cost or valuation at 31 December 2023 is represented by: |
Land and |
buildings |
£ |
Valuation in 2015 | 12,820 |
Valuation in 2016 | 65,000 |
Valuation in 2021 | 235,580 |
Valuation in 2022 | 366,600 |
Valuation in 2023 | (35,351 | ) |
644,649 |
J W Ortho Limited (Registered number: 03638128) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
If leasehold land and buildings had not been revalued they would have been included at the following historical cost: |
31.12.23 | 31.12.22 |
£ | £ |
Cost | 366,600 | 366,600 |
Value of land in freehold land and buildings | 366,600 | 366,600 |
Leasehold land and buildings were valued on an open market basis basis on 31 December 2023 by the directors . |
5. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
31.12.23 | 31.12.22 |
£ | £ |
Short term investments | 2,532,841 | - |
Short term investments add | 78,160 | 1,917,986 |
Short term investments disp | (99,071 | ) | - |
Revaluation of investments | (608,483 | ) | 614,855 |
1,903,447 | 2,532,841 |
The short term investments were valued by Close Brothers Asset Management on 31 December 2023. |
6. | DEBTORS |
31.12.23 | 31.12.22 |
£ | £ |
Amounts falling due within one year: |
Mortgage loan |
Directors' current accounts | 2,570 | - |
Prepayments |
Amounts falling due after more than one year: |
Mortgage loan |
Aggregate amounts |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Tax |
Other creditors |
Directors' current accounts | - | 20 |
Accrued expenses |
8. | PROVISIONS FOR LIABILITIES |
31.12.23 | 31.12.22 |
£ | £ |
Deferred tax | 161,162 | 176,368 |
J W Ortho Limited (Registered number: 03638128) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
8. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 1 January 2023 |
Provided during year | ( |
) |
Balance at 31 December 2023 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.23 | 31.12.22 |
value: | £ | £ |
'A' Ordinary | £1 | 800 | 800 |
'B' Ordinary | £1 | 200 | 200 |
1,000 | 1,000 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 January 2023 |
Deficit for the year | ( |
) |
Dividends | ( |
) |
At 31 December 2023 |