Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true82023-02-01operation of a CJ Hole estate agents franchise8 09243112 2023-02-01 2024-01-31 09243112 2022-02-01 2023-01-31 09243112 2024-01-31 09243112 2023-01-31 09243112 2022-02-01 09243112 c:Director1 2023-02-01 2024-01-31 09243112 d:Buildings d:LongLeaseholdAssets 2023-02-01 2024-01-31 09243112 d:Buildings d:LongLeaseholdAssets 2024-01-31 09243112 d:Buildings d:LongLeaseholdAssets 2023-01-31 09243112 d:FurnitureFittings 2023-02-01 2024-01-31 09243112 d:FurnitureFittings 2024-01-31 09243112 d:FurnitureFittings 2023-01-31 09243112 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09243112 d:ComputerEquipment 2023-02-01 2024-01-31 09243112 d:ComputerEquipment 2024-01-31 09243112 d:ComputerEquipment 2023-01-31 09243112 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09243112 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09243112 d:CurrentFinancialInstruments 2024-01-31 09243112 d:CurrentFinancialInstruments 2023-01-31 09243112 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09243112 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09243112 d:ShareCapital 2024-01-31 09243112 d:ShareCapital 2023-01-31 09243112 d:RetainedEarningsAccumulatedLosses 2024-01-31 09243112 d:RetainedEarningsAccumulatedLosses 2023-01-31 09243112 c:OrdinaryShareClass1 2023-02-01 2024-01-31 09243112 c:OrdinaryShareClass1 2024-01-31 09243112 c:FRS102 2023-02-01 2024-01-31 09243112 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09243112 c:FullAccounts 2023-02-01 2024-01-31 09243112 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09243112 d:WithinOneYear 2024-01-31 09243112 d:WithinOneYear 2023-01-31 09243112 d:BetweenOneFiveYears 2024-01-31 09243112 d:BetweenOneFiveYears 2023-01-31 09243112 2 2023-02-01 2024-01-31 09243112 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 09243112 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 09243112 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 09243112 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 09243112 d:OtherDeferredTax 2024-01-31 09243112 d:OtherDeferredTax 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09243112














C J DOWNEND LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
C J DOWNEND LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
C J DOWNEND LIMITED
REGISTERED NUMBER:09243112

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,234
6,588

  
8,234
6,588

Current assets
  

Debtors: amounts falling due within one year
 5 
54,206
69,095

Cash at bank and in hand
 6 
441
533

  
54,647
69,628

Creditors: amounts falling due within one year
 7 
(70,942)
(86,835)

Net current liabilities
  
 
 
(16,295)
 
 
(17,207)

Total assets less current liabilities
  
(8,061)
(10,619)

Provisions for liabilities
  

Deferred tax
 8 
(1,431)
(275)

  
 
 
(1,431)
 
 
(275)

Net liabilities
  
(9,492)
(10,894)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(9,493)
(10,895)

  
(9,492)
(10,894)


1

 
C J DOWNEND LIMITED
REGISTERED NUMBER:09243112
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers 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 director acknowledges his 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 profit and loss account 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 on 30 September 2024.




C E Hill
Director

The notes on pages 3 to 8 form part of these financial statements.

2

 
C J DOWNEND LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

CJ Downend Limited is a private company, limited by shares, registered in England and Wales, registration number 09243112. The registered office address is 108 Henleaze Road, Henleaze, Bristol, BS9 4JZ. The trading address is 5 Cleeve Wood Road, Downend, Bristol, BS16 2SF.

The principal activity of the company is that of the operation of a CJ Hole estate agents franchise

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the director has confirmed he will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of estate agents franchise services supplied during the year, net of Value Added Tax.

 
2.4

 Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan
 
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
 
The contributions are recognised as an expense in the Profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3

 
C J DOWNEND LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.7

 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 balance sheet 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 is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
over the period of the lease
Fixtures and fittings
-
25% straight line
Computer equipment
-
33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

 Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

4

 
C J DOWNEND LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.11

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).


4.


Tangible fixed assets





L/Term Leasehold Property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
22,111
998
8,887
31,996


Additions
-
2,655
3,980
6,635


Disposals
-
(224)
(1,282)
(1,506)



At 31 January 2024

22,111
3,429
11,585
37,125



Depreciation


At 1 February 2023
17,707
619
7,082
25,408


Charge for the year on owned assets
3,308
222
1,459
4,989


Disposals
-
(224)
(1,282)
(1,506)



At 31 January 2024

21,015
617
7,259
28,891



Net book value



At 31 January 2024
1,096
2,812
4,326
8,234



At 31 January 2023
4,404
379
1,805
6,588

5

 
C J DOWNEND LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Long leasehold
1,096
4,404



5.


Debtors

2024
2023
£
£


Trade debtors
7,671
17,163

Other debtors
43,126
48,540

Prepayments
3,409
3,392

54,206
69,095



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
441
533

Less: bank overdrafts
(6,349)
(9,886)

(5,908)
(9,353)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
6,349
9,886

Trade creditors
10,001
9,318

Other taxation and social security
12,108
19,137

Other creditors
23,537
23,166

Accruals and deferred income
18,947
25,328

70,942
86,835


6

 
C J DOWNEND LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
(275)
4,174


Charged to profit or loss
(1,156)
(4,449)



At end of year
(1,431)
(275)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,999)
(1,552)

Tax losses carried forward
502
1,104

Short term losses
66
173

(1,431)
(275)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,248 (2023 - £3,042). Contributions totalling £616 (2023 - £692) were payable to the fund at the balance sheet date.


11.


Commitments under operating leases

At 31 January 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
4,603
14,000

Later than 1 year and not later than 5 years
-
4,603

4,603
18,603

7

 
C J DOWNEND LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

12.


Related party transactions

As at the balance sheet date, the company owed £447 (2023 - £15,237 was owed) to the director. The interest at official interest rate was charged on the loan due to the company and the loan is repayable on demand.

 
8