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Registered Number: 08397508
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2024

for

JOHN PAUL OWENS LIMITED

You consider that the company is exempt from an audit for the year ended 31 March 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................

Broughton & Co. Limited

9 Second Avenue
Worthing
West Sussex
BN14 9NX
27 December 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Investments 3 3,100    3,100 
3,100    3,100 
Current assets      
Stocks 203,452   
Debtors 286,301    95,985 
Cash at bank and in hand 617    230,648 
490,370    326,633 
Creditors: amount falling due within one year (195,599)   (50,698)
Net current assets 294,771    275,935 
 
Total assets less current liabilities 297,871    279,035 
Net assets 297,871    279,035 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 297,771    278,935 
Shareholders' funds 297,871    279,035 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 27 December 2024 and were signed by:


-------------------------------
John Paul Owens
Director
2
General Information
John Paul Owens Limited is a private company, limited by shares, registered in England and Wales, registration number 08397508, registration address Office Suites 5 & 7, Third Floor, Roxby House, 20-22 Station Road, Sidcup, Kent, DA15 7EJ. The trading address of the company is 175 Burnt Ash Lane, Bromley, Kent, BR1 5DJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 April 2023 3,100    3,100 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 3,100    3,100 

4.

Share Capital

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

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
ABS Lettings and Construction Ltd17,000 4,000 (32,660)(15,660)
JPO Industries Ltd2,000 2,000 8,210 21,710 
Flatiron Property Maintenance & Developments Ltd12,300 11,960 
Rookery Park Barns Ltd186,288 
John Paul Owens SPV Ltd62,315 62,315 

During the year the company received dividend payments of £13,000 (2023: £14,000) and charged management fees of £4,000 (2023: £4,000) to ABS Lettings and Construction Ltd, a company which John Paul Owens Ltd is the parent company.
During the year the company received dividend payments of £nil (2023: £11,000) and charged management fees of £2,000 (2023: £2,000) to JPO Industies Ltd, a company which John Paul Owens Ltd is the parent company.


3