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REGISTERED NUMBER: 00838154 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

D.E. James & Son (Provisions) Limited

D.E. James & Son (Provisions) Limited (Registered number: 00838154)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D.E. James & Son (Provisions) Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: J M James
Mrs M I James
M D James





REGISTERED OFFICE: 120 Cockfosters Road
Barnet
EN4 0DZ





REGISTERED NUMBER: 00838154 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

D.E. James & Son (Provisions) Limited (Registered number: 00838154)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 90 120
Investment property 6 1,500,000 1,500,000
1,500,090 1,500,120

CURRENT ASSETS
Debtors 7 - 1,229
Cash at bank 138,038 117,462
138,038 118,691
CREDITORS
Amounts falling due within one year 8 11,062 11,196
NET CURRENT ASSETS 126,976 107,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,627,066

1,607,615

PROVISIONS FOR LIABILITIES 9 230,815 230,821
NET ASSETS 1,396,251 1,376,794

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 657,194 657,194
Retained earnings 738,057 718,600
SHAREHOLDERS' FUNDS 1,396,251 1,376,794

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

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

D.E. James & Son (Provisions) Limited (Registered number: 00838154)

Statement of Financial Position - continued
31 January 2024


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 29 October 2024 and were signed on its behalf by:





M D James - Director


D.E. James & Son (Provisions) Limited (Registered number: 00838154)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

D.E. James & Son (Provisions) 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises revenue recognised by the company in respect of rents received during the year. Rents are recognised up to the year end date.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken within the UK.

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 - 25% 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 statement of financial position date.


D.E. James & Son (Provisions) Limited (Registered number: 00838154)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 16,030
DEPRECIATION
At 1 February 2023 15,910
Charge for year 30
At 31 January 2024 15,940
NET BOOK VALUE
At 31 January 2024 90
At 31 January 2023 120

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 1,500,000
NET BOOK VALUE
At 31 January 2024 1,500,000
At 31 January 2023 1,500,000

D.E. James & Son (Provisions) Limited (Registered number: 00838154)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

6. INVESTMENT PROPERTY - continued

Cost or valuation at 31 January 2024 is represented by:
£   
Valuation in 2011 500,000
Valuation in 2014 150,000
Valuation in 2021 350,000
Valuation in 2023 273,612
Cost 226,388
1,500,000

The fair value of the properties at January 2024 has been arrived at on the basis of a valuation carried out at that date by the directors of the company who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in the location and takes into account the yield from rentals in the area where the property is situated

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors - 1,229

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 8,911 9,104
Other creditors 2,151 2,092
11,062 11,196

9. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax
Accelerated capital allowances 17 23
Deferred tax 230,798 230,798
230,815 230,821

Deferred
tax
£   
Balance at 1 February 2023 230,821
Provided during year (6 )
Balance at 31 January 2024 230,815