0 01/07/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2023-07-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 14931113 2023-07-01 2024-06-30 14931113 2024-06-30 14931113 2023-06-30 14931113 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14931113 bus:RegisteredOffice 2023-07-01 2024-06-30 14931113 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 14931113 bus:Director1 2023-07-01 2024-06-30 14931113 bus:Director2 2023-07-01 2024-06-30 14931113 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 14931113 core:ShareCapital 2023-07-01 2024-06-30 14931113 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 14931113 core:WithinOneYear 2024-06-30 14931113 core:ShareCapital 2024-06-30 14931113 core:RetainedEarningsAccumulatedLosses 2024-06-30 14931113 core:PreviouslyStatedAmount core:ShareCapital 2024-06-30 14931113 bus:Director1 2024-06-30 14931113 bus:Director2 2024-06-30 14931113 bus:SmallEntities 2023-07-01 2024-06-30 14931113 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14931113 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14931113 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14931113 bus:FullAccounts 2023-07-01 2024-06-30 14931113 core:AllAssociates 2023-07-01 2024-06-30 14931113 core:AllAssociates 2024-06-30 14931113 1 2023-07-01 2024-06-30
Company registration number: 14931113
J & C Property England Ltd
Unaudited filleted financial statements
30 June 2024
J & C Property England Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
J & C Property England Ltd
Directors and other information
Directors Mr John Butler
Mrs Carolyn Wendy Butler
Company number 14931113
Registered office 61 Kenilworth Road
Coventry
CV4 7AF
Business address 61 Kenilworth Road
Coventry
CV4 7AF
Accountants Rawnsley Accountants
35 Colworth House, Colworth Park
Sharnbrook
Bedford
MK44 1LQ
Bankers Lloyds Bank Plc
J & C Property England Ltd
Statement of financial position
30 June 2024
30/06/24
Note £ £
Fixed assets
Tangible assets 4 2,284,667
_______
2,284,667
Current assets
Debtors 5 40,000
_______
40,000
Creditors: amounts falling due
within one year 6 ( 4,323)
_______
Net current assets 35,677
_______
Total assets less current liabilities 2,320,344
_______
Net assets 2,320,344
_______
Capital and reserves
Called up share capital 2,300,000
Profit and loss account 20,344
_______
Shareholders funds 2,320,344
_______
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 January 2025 , and are signed on behalf of the board by:
Mr John Butler Mrs Carolyn Wendy Butler
Director Director
Company registration number: 14931113
J & C Property England Ltd
Statement of changes in equity
Period ended 30 June 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2023 - - -
Profit for the period 20,344 20,344
_______ _______ _______
Total comprehensive income for the period - 20,344 20,344
Issue of shares 2,300,000 2,300,000
_______ _______ _______
Total investments by and distributions to owners 2,300,000 - 2,300,000
_______ _______ _______
At 30 June 2024 2,300,000 20,344 2,320,344
_______ _______ _______
J & C Property England Ltd
Notes to the financial statements
Period ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 61 Kenilworth Road, Coventry, CV4 7AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 1% % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4. Tangible assets
Freehold property Total
£ £
Cost
At 1 July 2023 - -
Additions 2,300,000 2,300,000
_______ _______
At 30 June 2024 2,300,000 2,300,000
_______ _______
Depreciation
At 1 July 2023 - -
Charge for the year 15,333 15,333
_______ _______
At 30 June 2024 15,333 15,333
_______ _______
Carrying amount
At 30 June 2024 2,284,667 2,284,667
_______ _______
Investment property
Included within the above is investment property measured at fair value as follows:
£
Additions 2,300,000
_______
_______
Included wthin the above is investment property measured at fair values.
5. Debtors
30/06/24
£
Other debtors 40,000
_______
6. Creditors: amounts falling due within one year
30/06/24
£
Corporation tax 2,913
Other creditors 1,410
_______
4,323
_______
7. Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Period ended 30/06/24
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr John Butler - 1,150,000 1,150,000
Mrs Carolyn Wendy Butler - 1,150,000 1,150,000
_______ _______ _______
- 2,300,000 2,300,000
_______ _______ _______
8. Related party transactions
During the period the company entered into the following transactions with related parties:
Transaction value Balance owed by /(owed to)
Period Period
ended ended
30/06/24 30/06/24
£ £
Oakdale Fencing Limited 40,000 40,000
_______ _______
During the period the company entered into the following transaction with a related party.
9. Controlling party
The directors control the company by virtue of their shareholdings.