Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01The principal activity of the company is that of the operation of a CJ Hole estate agents franchise1510truetrue 10352118 2023-01-01 2023-12-31 10352118 2022-01-01 2022-12-31 10352118 2023-12-31 10352118 2022-12-31 10352118 2022-01-01 10352118 c:Director1 2023-01-01 2023-12-31 10352118 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 10352118 d:Buildings d:LongLeaseholdAssets 2023-12-31 10352118 d:Buildings d:LongLeaseholdAssets 2022-12-31 10352118 d:MotorVehicles 2023-01-01 2023-12-31 10352118 d:MotorVehicles 2023-12-31 10352118 d:MotorVehicles 2022-12-31 10352118 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10352118 d:FurnitureFittings 2023-01-01 2023-12-31 10352118 d:FurnitureFittings 2023-12-31 10352118 d:FurnitureFittings 2022-12-31 10352118 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10352118 d:OfficeEquipment 2023-01-01 2023-12-31 10352118 d:OfficeEquipment 2023-12-31 10352118 d:OfficeEquipment 2022-12-31 10352118 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10352118 d:ComputerEquipment 2023-01-01 2023-12-31 10352118 d:ComputerEquipment 2023-12-31 10352118 d:ComputerEquipment 2022-12-31 10352118 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10352118 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10352118 d:Goodwill 2023-12-31 10352118 d:Goodwill 2022-12-31 10352118 d:CurrentFinancialInstruments 2023-12-31 10352118 d:CurrentFinancialInstruments 2022-12-31 10352118 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10352118 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10352118 d:ShareCapital 2023-12-31 10352118 d:ShareCapital 2022-12-31 10352118 d:RetainedEarningsAccumulatedLosses 2023-12-31 10352118 d:RetainedEarningsAccumulatedLosses 2022-12-31 10352118 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10352118 c:OrdinaryShareClass1 2023-12-31 10352118 c:OrdinaryShareClass2 2023-01-01 2023-12-31 10352118 c:FRS102 2023-01-01 2023-12-31 10352118 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10352118 c:FullAccounts 2023-01-01 2023-12-31 10352118 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10352118 d:WithinOneYear 2023-12-31 10352118 d:WithinOneYear 2022-12-31 10352118 d:BetweenOneFiveYears 2023-12-31 10352118 d:BetweenOneFiveYears 2022-12-31 10352118 d:MoreThanFiveYears 2023-12-31 10352118 d:MoreThanFiveYears 2022-12-31 10352118 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 10352118 2 2023-01-01 2023-12-31 10352118 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10352118 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 10352118 d:OtherDeferredTax 2023-12-31 10352118 d:OtherDeferredTax 2022-12-31 10352118 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10352118














C J EAST BRISTOL LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
C J EAST BRISTOL LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 9


 
C J EAST BRISTOL LTD
REGISTERED NUMBER:10352118

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
177,248
14,683

Tangible assets
 5 
29,753
12,302

  
207,001
26,985

Current assets
  

Debtors: amounts falling due within one year
 6 
126,854
85,940

Cash at bank and in hand
 7 
213,522
210,979

  
340,376
296,919

Creditors: amounts falling due within one year
 8 
(497,796)
(291,081)

Net current (liabilities)/assets
  
 
 
(157,420)
 
 
5,838

Total assets less current liabilities
  
49,581
32,823

Provisions for liabilities
  

Deferred tax
 9 
(5,773)
(2,618)

  
 
 
(5,773)
 
 
(2,618)

Net assets
  
43,808
30,205


Capital and reserves
  

Called up share capital 
 10 
100
1

Profit and loss account
  
43,708
30,204

  
43,808
30,205


1

 
C J EAST BRISTOL LTD
REGISTERED NUMBER:10352118
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 directors acknowledge their 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 by: 




................................................
C E Hill
Director

Date: 30 September 2024

The notes on pages 3 to 9 form part of these financial statements.

2

 
C J EAST BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

C J East Bristol Ltd is a private company, limited by shares, registered in England and Wales, registration number 10352118. The registered office address is 108 Henleaze Road, Bristol, BS9 4JZ and the trading address is 8 Regent Street, Kingswood, Bristol, BS15 8JS.
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

Turnover

Turnover is recognised from the operation of a C J Hole estate agent franchise to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

  
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Profit and loss account over its useful economic life. 

 
2.4

Interest income

Bank interest is recognised when it is received.

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3

 
C J EAST BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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 profit or loss 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.

 
2.8

 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 balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

 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.

4

 
C J EAST BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
 Tangible fixed assets (continued)

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
Motor vehicles
-
20% straight line
Fixtures and fittings
-
20% straight line
Office equipment
-
20% straight line
Computer equipment
-
33% 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.

 
2.10

 Debtors

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

 
2.11

 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. 

 
2.12

 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.

 
2.13

 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 from banks and other third parties and loans to related parties.

 
2.14

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 10).

5

 
C J EAST BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
62,008


Additions
183,630



At 31 December 2023

245,638



Amortisation


At 1 January 2023
47,325


Charge for the year
21,065



At 31 December 2023

68,390



Net book value



At 31 December 2023
177,248



At 31 December 2022
14,683



6

 
C J EAST BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





L/Term Leasehold property
Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2023
16,125
-
11,951
271
10,266
38,613


Additions
629
5,738
13,134
-
5,162
24,663


Disposals
-
-
(2,968)
-
(4,748)
(7,716)



At 31 December 2023

16,754
5,738
22,117
271
10,680
55,560



Depreciation


At 1 January 2023
13,475
-
4,875
47
7,914
26,311


Charge for the year
483
1,148
3,588
53
1,940
7,212


Disposals
-
-
(2,968)
-
(4,748)
(7,716)



At 31 December 2023

13,958
1,148
5,495
100
5,106
25,807



Net book value



At 31 December 2023
2,796
4,590
16,622
171
5,574
29,753



At 31 December 2022
2,650
-
7,076
224
2,352
12,302




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


2023
2022
£
£

Long leasehold
2,796
2,650



6.


Debtors

2023
2022
£
£


Trade debtors
18,112
23,220

Other debtors
104,501
61,146

Prepayments and accrued income
4,241
1,574

126,854
85,940


7

 
C J EAST BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
213,522
210,979


Included in the cash at bank balance is £135,056 (2022 - £106,569) which relates to monies held on behalf of clients. A corresponding liability is included within creditors of £133,340 (2022 - £97,642) denoting that these funds are due to third parties.


8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
54,154
-

Trade creditors
10,131
9,221

Corporation tax
17,533
35,833

Other taxation and social security
56,689
43,415

Other creditors
327,854
161,334

Accruals and deferred income
31,435
41,278

497,796
291,081


The bank loan is secured by a fixed and floating charge over the assets of the company.


9.


Deferred taxation




2023
2022


£

£






At beginning of year
(2,618)
(2,035)


Charged to profit or loss
(3,155)
(583)



At end of year
(5,773)
(2,618)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(6,009)
(2,975)

Short term timing differences
236
357

(5,773)
(2,618)

8

 
C J EAST BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1
99 Ordinary shares of £1.00 each
99
-

100

1


On 25 May 2023, 94 ordinary shares were issued at an average share price of £1 with an aggregate nominal value of £94.
On 26 May 2023, 5 ordinary shares were issued at an average share price of £1 with an aggregate nominal value of £5.


11.


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 £10,578 (2022 - £5,466). Contributions totalling £2,068 (2022 - £1,430) were payable to the fund at the balance sheet date and are included in creditors.


12.


Commitments under operating leases

At 31 December 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
17,750
17,750

Later than 1 year and not later than 5 years
71,000
71,000

Later than 5 years
13,130
30,929

101,880
119,679


13.


Related party transactions

As at the balance sheet date, the company owed £3,519 (2022 - £1,145 was owed) to the directors. The interest at official interest rate was charged on the loan due to the company and the loan is repayable on demand.

During the year, dividends amounting to £21,000 (2022 - £80,000) were paid to the directors.

 
9