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REGISTERED NUMBER: 02753165 (England and Wales)
























N.J. FRANCIS (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






N.J. FRANCIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 02753165)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


N.J. FRANCIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 02753165)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,855 949
Investment property 5 804,396 804,396
810,251 805,345

CURRENT ASSETS
Debtors 6 11,806 -
Cash at bank 633,911 797,575
645,717 797,575
CREDITORS
Amounts falling due within one year 7 20,798 69,347
NET CURRENT ASSETS 624,919 728,228
TOTAL ASSETS LESS CURRENT LIABILITIES 1,435,170 1,533,573

PROVISIONS FOR LIABILITIES 144 180
NET ASSETS 1,435,026 1,533,393

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 1,430,026 1,528,393
1,435,026 1,533,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

N.J. FRANCIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 02753165)

BALANCE SHEET - continued
5 APRIL 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by:





S Francis - Director


N.J. FRANCIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 02753165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. STATUTORY INFORMATION

N.J. Francis (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02753165

Registered office: 6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

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.
Improvements to property - nil
Plant and machinery etc. - Reducing balance over 5 years

Property improvements are not depreciated year-on-year, but their value is considered when the property is sold.

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 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.

N.J. FRANCIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 02753165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Plant and
to machinery
property etc. Totals
£    £    £   
COST
At 6 April 2023 - 1,819 1,819
Additions 5,096 - 5,096
At 5 April 2024 5,096 1,819 6,915
DEPRECIATION
At 6 April 2023 - 870 870
Charge for year - 190 190
At 5 April 2024 - 1,060 1,060
NET BOOK VALUE
At 5 April 2024 5,096 759 5,855
At 5 April 2023 - 949 949

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 804,396
NET BOOK VALUE
At 5 April 2024 804,396
At 5 April 2023 804,396

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,806 -

N.J. FRANCIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 02753165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,845 2,845
Taxation and social security - 1,514
Other creditors 17,953 64,988
20,798 69,347

8. RELATED PARTY DISCLOSURES

During the year the directors lent money to the company with no set repayment date and no interest charged. At the year end the amount owing to the directors by the company was £15,553 (2023: £2,841).

Also during the year, dividends of £45,000 each were paid to Mr S J Francis and Mrs A L Francis (2023: £40,000 each to Mr S J Francis and Mrs. A L Francis) who are shareholders and directors.

9. CONTROLLING PARTY

The company is controlled by the two directors.