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REGISTERED NUMBER: 11009861 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JOHNS' YARD LIMITED

JOHNS' YARD LIMITED (REGISTERED NUMBER: 11009861)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


JOHNS' YARD LIMITED (REGISTERED NUMBER: 11009861)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,988 8,128
Investments 5 709 709
Investment property 6 23,551,103 23,286,189
23,557,800 23,295,026

CURRENT ASSETS
Debtors 7 945,056 974,696
Cash at bank 300,186 278,657
1,245,242 1,253,353
CREDITORS
Amounts falling due within one year 8 1,403,366 1,416,834
NET CURRENT LIABILITIES (158,124 ) (163,481 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,399,676

23,131,545

CREDITORS
Amounts falling due after more than one
year

9

(9,240,000

)

(9,000,000

)

PROVISIONS FOR LIABILITIES 12 (1,361,795 ) (1,361,988 )
NET ASSETS 12,797,881 12,769,557

JOHNS' YARD LIMITED (REGISTERED NUMBER: 11009861)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 13 3,240,710 3,240,710
Share premium 14 1,571,400 1,571,400
Non-distributable reserves 14 5,680,298 5,680,298
Retained earnings 14 2,305,473 2,277,149
SHAREHOLDERS' FUNDS 12,797,881 12,769,557

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 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 9 October 2024 and were signed on its behalf by:





J A Blake - Director


JOHNS' YARD LIMITED (REGISTERED NUMBER: 11009861)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Johns' Yard Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11009861

Registered office: Ratoath House
Hazelwood Close
Storrington
West Sussex
RH20 3HX

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.

Preparation of consolidated financial statements
The financial statements contain information about Johns' Yard Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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 provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


JOHNS' YARD LIMITED (REGISTERED NUMBER: 11009861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 10,702
DEPRECIATION
At 1 April 2023 2,574
Charge for year 2,140
At 31 March 2024 4,714
NET BOOK VALUE
At 31 March 2024 5,988
At 31 March 2023 8,128

JOHNS' YARD LIMITED (REGISTERED NUMBER: 11009861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2023
and 31 March 2024 709
NET BOOK VALUE
At 31 March 2024 709
At 31 March 2023 709

The Company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Johns' Yard 2 Limited
Registered office: Ratoath House, Hazelwood Close, Storrington, West Sussex, RH20 3HX, England
Nature of business: Letting of investment properties
%
Class of shares: holding
Ordinary 100.00

ASA Consortium Limited
Registered office: Ratoath House, Hazelwood Close, Storrington, West Sussex, RH20 3HX, England
Nature of business: Letting of investment properties
%
Class of shares: holding
Ordinary 100.00

Sussex Property Investments Limited
Registered office: 100 North Road, Brighton, East Sussex, BN1 1YE, England
Nature of business: Letting of investment properties
%
Class of shares: holding
Ordinary A 100.00
Ordinary B 100.00

JOHNS' YARD LIMITED (REGISTERED NUMBER: 11009861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 23,286,189
Additions 264,914
At 31 March 2024 23,551,103
NET BOOK VALUE
At 31 March 2024 23,551,103
At 31 March 2023 23,286,189

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2024 by the Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 23,551,103

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 911,410 951,410
Other debtors 33,646 23,286
945,056 974,696

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 51,412 -
Taxation and social security 22,787 40,706
Other creditors 1,329,167 1,376,128
1,403,366 1,416,834

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 9,240,000 9,000,000

JOHNS' YARD LIMITED (REGISTERED NUMBER: 11009861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 9,240,000 9,000,000

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 9,240,000 9,000,000

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 9,240,000 9,000,000

The bank loans are secured by charges over the assets of the company.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,361,795 1,361,988

Deferred
tax
£   
Balance at 1 April 2023 1,361,988
Provided during year (193 )
Balance at 31 March 2024 1,361,795

JOHNS' YARD LIMITED (REGISTERED NUMBER: 11009861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,240,002 Ordinary £1 3,240,002 3,240,002
2,957,168 Ordinary A 0.003 3816 100 100
4,310 Ordinary B 0.046 3922 2 2
1,306,254 Ordinary D 0.046 3922 606 606
3,240,710 3,240,710

14. RESERVES
Retained Share Non-distributable
earnings premium reserves Totals
£    £    £    £   

At 1 April 2023 2,277,149 1,571,400 5,680,298 9,528,847
Profit for the year 68,324 68,324
Dividends (40,000 ) (40,000 )
At 31 March 2024 2,305,473 1,571,400 5,680,298 9,557,171

Non-distributable reserves represent cumulative unrealised fair value movements on investment properties net of provisions for deferred taxation.

Transfers between retained earnings and non-distributable reserves represent the unrealised fair value movements on investment properties net of provisions for deferred taxation in the current year.

15. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

20242023
£   £   
Amounts owed by/(to) Directors(1,064,701)(1,175,215)


Amounts owed by/(to) Johns' Yard 2 Limited (Group Undertaking)911,410951,410

Management fees paid to connected undertakings51,85617,457
Interests paid to directors50,00048,000

Connected Undertakings:
A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.