Silverfin false false 28/02/2024 01/03/2023 28/02/2024 Mr A Joyner Mr M Joyner 13 November 2024 The principal activity of the Company during the financial year was that of a non-trading company. 12613805 2024-02-28 12613805 2023-02-28 12613805 core:CurrentFinancialInstruments 2024-02-28 12613805 core:CurrentFinancialInstruments 2023-02-28 12613805 core:ShareCapital 2024-02-28 12613805 core:ShareCapital 2023-02-28 12613805 core:RetainedEarningsAccumulatedLosses 2024-02-28 12613805 core:RetainedEarningsAccumulatedLosses 2023-02-28 12613805 bus:OrdinaryShareClass1 2024-02-28 12613805 2023-03-01 2024-02-28 12613805 bus:FilletedAccounts 2023-03-01 2024-02-28 12613805 bus:SmallEntities 2023-03-01 2024-02-28 12613805 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 12613805 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 12613805 bus:Director1 2023-03-01 2024-02-28 12613805 bus:Director2 2023-03-01 2024-02-28 12613805 2022-03-01 2023-02-28 12613805 bus:OrdinaryShareClass1 2023-03-01 2024-02-28 12613805 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 12613805 1 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12613805 (England and Wales)

JOYNER'S LAND AND PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2024
Pages for filing with the registrar

JOYNER'S LAND AND PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2024

Contents

JOYNER'S LAND AND PROPERTIES LIMITED

BALANCE SHEET

As at 28 February 2024
JOYNER'S LAND AND PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 28 February 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 1,350,000 1,350,000
1,350,000 1,350,000
Current assets
Debtors 4 100 100
100 100
Creditors: amounts falling due within one year 5 ( 1,353,603) ( 1,352,570)
Net current liabilities (1,353,503) (1,352,470)
Total assets less current liabilities (3,503) (2,470)
Net liabilities ( 3,503) ( 2,470)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 3,603 ) ( 2,570 )
Total shareholder's deficit ( 3,503) ( 2,470)

For the financial year ending 28 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Joyner's Land and Properties Limited (registered number: 12613805) were approved and authorised for issue by the Board of Directors on 13 November 2024. They were signed on its behalf by:

Mr A Joyner
Director
JOYNER'S LAND AND PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2024
JOYNER'S LAND AND PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Joyner's Land and Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Forches Cross, Forches Cross Road, Newton Abbot, TQ12 6PZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
No depreciation is provided in respect of investment properties applying the fair value model.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Investment property

Investment property
£
Valuation
As at 01 March 2023 1,350,000
As at 28 February 2024 1,350,000

A valuation was carried out on 27 January 2021. The directors consider the fair value to have not changed in the current financial year.

4. Debtors

2024 2023
£ £
Other debtors 100 100

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 1,303,881 294,174
Other creditors 49,722 1,058,396
1,353,603 1,352,570

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Ultimate controlling party

Parent Company:

Joyners Holdings Limited

The most senior parent entity producing publicly available financial statements is Joyner Holdings Limited. These financial statements are available upon request from Companies House.