REGISTERED NUMBER: |
J.P. Lucas & Company Limited |
Audited Financial Statements |
for the Year Ended 30 April 2024 |
REGISTERED NUMBER: |
J.P. Lucas & Company Limited |
Audited Financial Statements |
for the Year Ended 30 April 2024 |
J.P. Lucas & Company Limited (Registered number: 00442385) |
Contents of the Financial Statements |
for the year ended 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
J.P. Lucas & Company Limited |
Company Information |
for the year ended 30 April 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants and |
Statutory Auditor |
28 Eaton Avenue |
Matrix Office Park |
Buckshaw Village |
Chorley |
Lancashire |
PR7 7NA |
J.P. Lucas & Company Limited (Registered number: 00442385) |
Balance Sheet |
30 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium | 6 |
Revaluation reserve | 6 |
Retained earnings | 6 |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
J.P. Lucas & Company Limited (Registered number: 00442385) |
Notes to the Financial Statements |
for the year ended 30 April 2024 |
1. | STATUTORY INFORMATION |
J.P. Lucas & Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£) and the amounts in the financial statements have been rounded to the nearest £1. |
2. | ACCOUNTING POLICIES |
Basis of preparing the 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 members of the group headed by Stokers Holdings Limited on the grounds that 100% of the voting rights in the company are controlled within that group and the results of the company are included in the consolidated financial statements. |
Tangible fixed assets |
No depreciation is provided on the company's long leasehold buildings as the directors consider that the lives of these assets are so long and residual values, based on prices prevailing at the time of acquisition, are sufficiently high that any depreciation would be immaterial. Provision is made in the profit and loss account in the event of any permanent diminution in the value of the properties. |
Pension costs |
The company operated a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account. |
Financial instruments |
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
J.P. Lucas & Company Limited (Registered number: 00442385) |
Notes to the Financial Statements - continued |
for the year ended 30 April 2024 |
4. | TANGIBLE FIXED ASSETS |
Long |
leasehold |
£ |
COST OR VALUATION |
At 1 May 2023 |
Disposals | ( |
) |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
6. | RESERVES |
Retained | Share | Revaluation |
earnings | premium | reserve | Totals |
£ | £ | £ | £ |
At 1 May 2023 | 1,592,819 | 15,800 | 354,581 | 1,963,200 |
Deficit for the year | ( |
) | ( |
) |
Dividends | ( |
) | ( |
) |
Transfers | 354,581 | - | (354,581 | ) | - |
At 30 April 2024 | - | 15,800 | - | 15,800 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
The company is a wholly owned subsidiary undertaking of Stokers Limited, which is the immediate controlling party, which is a company registered in England and Wales. Stokers Limited is a wholly owned subsidiary undertaking of Stokers Holdings Limited, which is the ultimate parent undertaking and which is a company registered in England and Wales. The registered office of both Stokers Limited and Stokers Holdings Limited is at 277 Wennington Road, Southport, Merseyside, PR9 7TW. The parent undertaking of the largest group, for which group financial statements are prepared, is Stokers Holdings Limited. |
9. | ULTIMATE CONTROLLING PARTY |
In the directors opinion the company is ultimately controlled by Mr JN Stoker and Mr SG Schofield by virtue of their shareholding in the ultimate parent undertaking which is Stokers Holdings Limited. |