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REGISTERED NUMBER: 13011545 (England and Wales)















Johnsey Estates 2020 Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2024






Johnsey Estates 2020 Ltd (Registered number: 13011545)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Johnsey Estates 2020 Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: T J Crawford
D W Jenkins
Mrs W E Nutman
A D Wilkinson



REGISTERED OFFICE: Mamhilad House
Mamhilad Park Estate
Pontypool
Torfaen
NP4 0HZ



REGISTERED NUMBER: 13011545 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds bank plc
PO Box 72
Bailey Drive
Gillingham Business Park
Gillingham
Kent
ME8 0LS

Johnsey Estates 2020 Ltd (Registered number: 13011545)

Abridged Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 320,000 260,000

CURRENT ASSETS
Stocks 321,544 321,544
Debtors 1,302 1,431
Cash at bank 85,362 59,241
408,208 382,216
CREDITORS
Amounts falling due within one year 411,364 403,633
NET CURRENT LIABILITIES (3,156 ) (21,417 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,844

238,583

CAPITAL AND RESERVES
Called up share capital 1 1
Investment property
revaluation reserve 6 60,000 -
Retained earnings 256,843 238,582
SHAREHOLDERS' FUNDS 316,844 238,583

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Johnsey Estates 2020 Ltd (Registered number: 13011545)

Abridged Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





A D Wilkinson - Director


Johnsey Estates 2020 Ltd (Registered number: 13011545)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Johnsey Estates 2020 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.

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 as modified by the revaluation of certain assets.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Johnsey Estates 2020 Ltd (Registered number: 13011545)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 260,000
Revaluations 60,000
At 30 June 2024 320,000
NET BOOK VALUE
At 30 June 2024 320,000
At 30 June 2023 260,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 60,000
Cost 260,000
320,000

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 260,000 -

Investment property was valued on an open market basis on 31 December 2023 by Jones Lang Lasalle Limited .

6. RESERVES
Investment
property
revaluation
reserve
£   
Reserve transfer 60,000

At 30 June 2024 60,000

7. CONTINGENT LIABILITIES

During a prior period a fixed and floating charge was created over the the property held by the company in respect of loans taken out by Johnsey Estates UK Limited, a fellow subsidiary of the company's parent undertaking, Johnsey Estates Property Holdings Limited.

8. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertakings at the balance sheet date were Basle Investments and Islay Investments Limited, both companies incorporated in Gibraltar. These two companies control Johnsey Estates 2020 Limited via their direct shareholding in Johnsey Estates Limited, the parent company of the company's immediate parent Johnsey Estates Property Holdings Limited.