IRIS Accounts Production v24.3.0.553 08119144 director 1.5.23 30.4.24 30.4.24 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081191442023-04-30081191442024-04-30081191442023-05-012024-04-30081191442022-04-30081191442022-05-012023-04-30081191442023-04-3008119144ns15:EnglandWales2023-05-012024-04-3008119144ns14:PoundSterling2023-05-012024-04-3008119144ns10:Director12023-05-012024-04-3008119144ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008119144ns10:SmallEntities2023-05-012024-04-3008119144ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008119144ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008119144ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008119144ns10:FullAccounts2023-05-012024-04-3008119144ns10:RegisteredOffice2023-05-012024-04-3008119144ns5:CurrentFinancialInstruments2024-04-3008119144ns5:CurrentFinancialInstruments2023-04-3008119144ns5:ShareCapital2024-04-3008119144ns5:ShareCapital2023-04-3008119144ns5:RetainedEarningsAccumulatedLosses2024-04-3008119144ns5:RetainedEarningsAccumulatedLosses2023-04-3008119144ns5:LeaseholdImprovements2023-05-012024-04-3008119144ns5:FurnitureFittings2023-05-012024-04-3008119144ns5:ComputerEquipment2023-05-012024-04-3008119144ns5:LeaseholdImprovements2023-04-3008119144ns5:FurnitureFittings2023-04-3008119144ns5:ComputerEquipment2023-04-3008119144ns5:LeaseholdImprovements2024-04-3008119144ns5:FurnitureFittings2024-04-3008119144ns5:ComputerEquipment2024-04-3008119144ns5:LeaseholdImprovements2023-04-3008119144ns5:FurnitureFittings2023-04-3008119144ns5:ComputerEquipment2023-04-3008119144ns5:CostValuation2023-04-3008119144ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3008119144ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 08119144 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

JFK EXETER LIMITED

JFK EXETER LIMITED (REGISTERED NUMBER: 08119144)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JFK EXETER LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: D A Gollop





REGISTERED OFFICE: 1 Fair Oak Court
Clyst Honiton
Exeter
EX5 2BB





REGISTERED NUMBER: 08119144 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

JFK EXETER LIMITED (REGISTERED NUMBER: 08119144)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 164,409 177,866
Investments 6 1,195 1,195
Investment property 7 626,178 626,178
791,782 805,239

CURRENT ASSETS
Debtors 8 83,027 88,305
Cash at bank 79,451 57,954
162,478 146,259
CREDITORS
Amounts falling due within one year 9 (55,766 ) (67,246 )
NET CURRENT ASSETS 106,712 79,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

898,494

884,252

PROVISIONS FOR LIABILITIES (457 ) (457 )
NET ASSETS 898,037 883,795

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 897,936 883,694
898,037 883,795

JFK EXETER LIMITED (REGISTERED NUMBER: 08119144)

Balance Sheet - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 December 2024 and were signed by:





D A Gollop - Director


JFK EXETER LIMITED (REGISTERED NUMBER: 08119144)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. COMPANY INFORMATION

JFK Exeter 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 (£).


The company's principal place of business is: Exeter Castle, Castle Street, Exeter, EX4 3PU.

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.

Preparation of consolidated financial statements
The financial statements contain information about JFK Exeter 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.

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 represents amounts chargeable in respect of event and bed and breakfast services, net of value added tax.

Event deposits are included in deferred income accordingly.

Rental income is recognised over the term of the rental agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the term of the lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.


JFK EXETER LIMITED (REGISTERED NUMBER: 08119144)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Other income
Dividend income has been recognised upon the date it is voted and ultimately paid.

4. EMPLOYEES AND DIRECTORS

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

JFK EXETER LIMITED (REGISTERED NUMBER: 08119144)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 256,769 7,707 1,134 265,610
DEPRECIATION
At 1 May 2023 81,310 5,558 876 87,744
Charge for year 12,839 537 81 13,457
At 30 April 2024 94,149 6,095 957 101,201
NET BOOK VALUE
At 30 April 2024 162,620 1,612 177 164,409
At 30 April 2023 175,459 2,149 258 177,866

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 1,195
NET BOOK VALUE
At 30 April 2024 1,195
At 30 April 2023 1,195

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 626,178
NET BOOK VALUE
At 30 April 2024 626,178
At 30 April 2023 626,178

The director has assessed the valuation of the property and considers that the market value of the property remains unchanged.

JFK EXETER LIMITED (REGISTERED NUMBER: 08119144)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,826 8,529
Amounts owed by group undertakings 42,525 77,135
Other debtors 28,676 2,641
83,027 88,305

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 441 330
Taxation and social security 11,617 12,604
Other creditors 43,708 54,312
55,766 67,246

10. SECURED DEBTS

Barclays Bank PLC have fixed and floating charges registered against the company's assets.

11. RELATED PARTY DISCLOSURES

Related entity
Included in other debtors (amounts falling due within one year) is a loan to a company in which Mr D Gollop is a director.

At the balance sheet date the outstanding loan balance was £25,303. In the previous year the loan with this same company was included in other creditors (amounts falling due within one year) of £24,697.

The loan is interest free and repayable on demand.


Subsidiary company
Included in other debtors (amounts falling due within one year) is a loan to a subsidiary company.

At the balance sheet date the outstanding loan balance was £14,580 (2023 £12,273).

The loan is interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is D A Gollop.