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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: J S Wand
J E Wand





SECRETARY: J E Wand





REGISTERED OFFICE: Evington Lodge
Coombe Hill
Cheltenham
Gloucestershire
GL19 4AS





REGISTERED NUMBER: 03638128 (England and Wales)





ACCOUNTANTS: Peter Upton
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 4 644,649 680,000
Investments 5 1,903,447 2,532,841
2,548,096 3,212,841

CURRENT ASSETS
Debtors 6 19,201 16,631
Cash at bank 65,284 34,087
84,485 50,718
CREDITORS
Amounts falling due within one year 7 11,650 18,456
NET CURRENT ASSETS 72,835 32,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,620,931

3,245,103

PROVISIONS FOR LIABILITIES 8 161,162 176,368
NET ASSETS 2,459,769 3,068,735

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 2,458,769 3,067,735
SHAREHOLDERS' FUNDS 2,459,769 3,068,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 24 September 2024 and were signed on its behalf by:





J S Wand - Director


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 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.

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.

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 680,000
Revaluations (35,351 )
At 31 December 2023 644,649
NET BOOK VALUE
At 31 December 2023 644,649
At 31 December 2022 680,000

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 2,857 2,857
Directors' current accounts 2,570 -
Prepayments 3,052 3,052
8,479 5,909

Amounts falling due after more than one year:
Mortgage loan 10,722 10,722

Aggregate amounts 19,201 16,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax - 6,786
Other creditors 8,800 8,800
Directors' current accounts - 20
Accrued expenses 2,850 2,850
11,650 18,456

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 176,368
Provided during year (15,206 )
Balance at 31 December 2023 161,162

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
800 'A' Ordinary £1 800 800
150 'B' Ordinary £1 200 200
1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 January 2023 3,067,735
Deficit for the year (600,966 )
Dividends (8,000 )
At 31 December 2023 2,458,769