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REGISTERED NUMBER: 03989841 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

J A Garner Associates Ltd

Previously known as
Clay McGuire Consulting Limited

J A Garner Associates Ltd (Registered number: 03989841)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J A Garner Associates Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J A Clay





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 03989841 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

J A Garner Associates Ltd (Registered number: 03989841)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,354 1,693
Investments 5 933,663 -
Investment property 6 325,000 325,000
1,260,017 326,693

CURRENT ASSETS
Debtors 7 670 1,104
Cash at bank and in hand 105,658 1,924,483
106,328 1,925,587
CREDITORS
Amounts falling due within one year 8 136,743 965,591
NET CURRENT (LIABILITIES)/ASSETS (30,415 ) 959,996
TOTAL ASSETS LESS CURRENT LIABILITIES 1,229,602 1,286,689

PROVISIONS FOR LIABILITIES 3,659 13,754
NET ASSETS 1,225,943 1,272,935

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,225,843 1,272,835
1,225,943 1,272,935

J A Garner Associates Ltd (Registered number: 03989841)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 10 October 2024 and were signed by:





J A Clay - Director


J A Garner Associates Ltd (Registered number: 03989841)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

J A Garner Associates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in
the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future benefits will flow into the entity;
- the entity retains neither continuing managerial involvement to the degree usually associated with
ownership nor effective control over the services provided;
- the cost incurred or to be incurred in respect of the transaction can be reliably measured;
- all of the significant risks and rewards of ownership have been transferred to the customer; and
- specific criteria have been met for each of the company's activities.

J A Garner Associates Ltd (Registered number: 03989841)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance and 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Group accounts not prepared
The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

J A Garner Associates Ltd (Registered number: 03989841)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Valuation of investments
Investments whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 3,761
DEPRECIATION
At 1 April 2023 2,068
Charge for year 339
At 31 March 2024 2,407
NET BOOK VALUE
At 31 March 2024 1,354
At 31 March 2023 1,693

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 850,000
Revaluations 83,663
At 31 March 2024 933,663
NET BOOK VALUE
At 31 March 2024 933,663

J A Garner Associates Ltd (Registered number: 03989841)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

The historical cost of the fixed asset investments is £850,000.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 325,000
NET BOOK VALUE
At 31 March 2024 325,000
At 31 March 2023 325,000

The fair value of the investment property has been arrived at by a valuation by the directors at its open market value at 31 March 2024 based on similar properties.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 670 1,104

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 60 -
Amounts owed to group undertakings 99,879 -
Taxation and social security - 1,971
Other creditors 36,804 963,620
136,743 965,591

J A Garner Associates Ltd (Registered number: 03989841)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

Loans from other related parties



Key
management


Total
2024 £ £
At start of period 548 548
Advanced 33,862 33,862
Repaid (951 ) (951 )
At end of period 33,459 33,459



Key
management


Total
2023 £ £
At start of period 624 624
Advanced 7,140 7,140
Repaid (7,216 ) (7,216 )
At end of period 548 548

Loans from key management are interest free and repayable on demand.