IRIS Accounts Production v24.3.2.46 05091892 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050918922023-03-31050918922024-03-31050918922023-04-012024-03-31050918922022-03-31050918922022-04-012023-03-31050918922023-03-3105091892ns15:EnglandWales2023-04-012024-03-3105091892ns14:PoundSterling2023-04-012024-03-3105091892ns10:Director12023-04-012024-03-3105091892ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105091892ns10:SmallEntities2023-04-012024-03-3105091892ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105091892ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105091892ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105091892ns10:FullAccounts2023-04-012024-03-3105091892ns10:OrdinaryShareClass12023-04-012024-03-3105091892ns10:CompanySecretary12023-04-012024-03-3105091892ns10:RegisteredOffice2023-04-012024-03-3105091892ns5:CurrentFinancialInstruments2024-03-3105091892ns5:CurrentFinancialInstruments2023-03-3105091892ns5:Non-currentFinancialInstruments2024-03-3105091892ns5:Non-currentFinancialInstruments2023-03-3105091892ns5:ShareCapital2024-03-3105091892ns5:ShareCapital2023-03-3105091892ns5:RetainedEarningsAccumulatedLosses2024-03-3105091892ns5:RetainedEarningsAccumulatedLosses2023-03-3105091892ns5:ComputerEquipment2023-04-012024-03-3105091892ns5:LandBuildings2023-03-3105091892ns5:MotorVehicles2023-03-3105091892ns5:ComputerEquipment2023-03-3105091892ns5:LandBuildings2023-04-012024-03-3105091892ns5:MotorVehicles2023-04-012024-03-3105091892ns5:LandBuildings2024-03-3105091892ns5:MotorVehicles2024-03-3105091892ns5:ComputerEquipment2024-03-3105091892ns5:LandBuildings2023-03-3105091892ns5:MotorVehicles2023-03-3105091892ns5:ComputerEquipment2023-03-3105091892ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3105091892ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3105091892ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3105091892ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3105091892ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3105091892ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3105091892ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3105091892ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3105091892ns5:Secured2024-03-3105091892ns5:Secured2023-03-3105091892ns10:OrdinaryShareClass12024-03-3105091892ns5:RetainedEarningsAccumulatedLosses2023-03-3105091892ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 05091892 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

JOHN CHARLES PROPERTY INVESTMENTS LTD

JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892)






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


JOHN CHARLES PROPERTY INVESTMENTS LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr G J Bertram





SECRETARY: Mr A C Bertram





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 05091892 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 160,347 163,142

CURRENT ASSETS
Stocks 4,685,506 5,451,057
Debtors 5 9,780,907 9,382,384
Cash at bank 48,829 4,374
14,515,242 14,837,815
CREDITORS
Amounts falling due within one year 6 12,469,585 11,626,948
NET CURRENT ASSETS 2,045,657 3,210,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,206,004

3,374,009

CREDITORS
Amounts falling due after more than one year 7 3,397,642 4,177,011
NET LIABILITIES (1,191,638 ) (803,002 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (1,191,738 ) (803,102 )
SHAREHOLDERS' FUNDS (1,191,638 ) (803,002 )

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 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.

JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892)

Balance Sheet - continued
31 March 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 director and authorised for issue on 27 December 2024 and were signed by:





Mr G J Bertram - Director


JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892)

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

1. STATUTORY INFORMATION

John Charles Property Investments 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.

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.
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892)

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

4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 244,114 3,200 14,431 261,745
Additions - - 2,705 2,705
At 31 March 2024 244,114 3,200 17,136 264,450
DEPRECIATION
At 1 April 2023 82,995 3,200 12,408 98,603
Charge for year 4,882 - 618 5,500
At 31 March 2024 87,877 3,200 13,026 104,103
NET BOOK VALUE
At 31 March 2024 156,237 - 4,110 160,347
At 31 March 2023 161,119 - 2,023 163,142

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,013,670 1,583,678
Amounts owed by group undertakings 6,742,244 7,795,968
VAT 24,993 2,342
Prepayments and accrued income - 396
9,780,907 9,382,384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 20,444 39,298
Other loans (see note 8) 7,369,105 7,681,151
Trade creditors 1,942,915 1,951,285
Amounts owed to group undertakings 1,985,883 1,166,451
Social security and other taxes 12,281 12,343
Other creditors 12,256 13,906
Directors' current accounts - 38,759
Accruals and deferred income 1,126,701 723,755
12,469,585 11,626,948

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 3,397,642 4,177,011

JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,385,452 4,155,946

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 10,444 29,298
Bank loans 10,000 10,000
Other loans 7,369,105 7,681,151
7,389,549 7,720,449

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,190 11,065

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,385,452 4,155,946

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 3,407,642 4,187,011

Bank loans are secured against freehold properties and stock held by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892)

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

11. RESERVES
Retained
earnings
£   

At 1 April 2023 (803,102 )
Deficit for the year (388,636 )
At 31 March 2024 (1,191,738 )

12. RELATED PARTY DISCLOSURES

At the balance sheet date, included in debtors due within one year is £731,007 (2023 : £1,094,459) due from Gareth Bertram Ltd, and £735,291 (2023 : £734,186) due from Holtram TLPI Ltd, companies under common control by the director.

As at the balance sheet date, included in debtors due within one years is £5,827,381 (2023 : £5,781,431) due from GB Contractors, and £179,572 (2023 : £185,891) from GB Property portfolio, businesses operated by the director.

At the balance sheet date, included in creditors due within one year is £86,051 (2023 : £86,051) due to AFB Property Investment, and £1,168,825 (2023 : £1,080,400) due to GB Commercial Limited, companies under common control by the director.

As at the balance sheet date, included in creditors due within one year is £nil (2023 : £38,759) due and payable to the director. The amount is interest free and repayable on demand.