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REGISTERED NUMBER: 00751300 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

J E EVANS (INSURANCE) LIMITED

J E EVANS (INSURANCE) LIMITED (REGISTERED NUMBER: 00751300)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J E EVANS (INSURANCE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: T Hayward
S Hayward
Mrs B E Hayward





SECRETARY: T Hayward





REGISTERED OFFICE: 33 Sadler Way
Ringmer
Lewes
East Sussex
BN8 5HG





REGISTERED NUMBER: 00751300 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

J E EVANS (INSURANCE) LIMITED (REGISTERED NUMBER: 00751300)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,494 4,659
Investment property 5 1,184,527 1,036,000
1,188,021 1,040,659

CURRENT ASSETS
Debtors 6 30,478 31,856
Cash at bank 87,173 309,683
117,651 341,539
CREDITORS
Amounts falling due within one year 7 (30,706 ) (34,162 )
NET CURRENT ASSETS 86,945 307,377
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,274,966

1,348,036

CREDITORS
Amounts falling due after more than one
year

8

(223,255

)

(223,255

)

PROVISIONS FOR LIABILITIES 9 (232,591 ) (243,579 )
NET ASSETS 819,120 881,202

CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves 740,186 774,439
Retained earnings 78,834 106,663
SHAREHOLDERS' FUNDS 819,120 881,202

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

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

J E EVANS (INSURANCE) LIMITED (REGISTERED NUMBER: 00751300)

BALANCE SHEET - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:




Mrs B E Hayward - Director



T Hayward - Director


J E EVANS (INSURANCE) LIMITED (REGISTERED NUMBER: 00751300)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

J E Evans (Insurance) Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the recognition of certain assets and liabilities measured at fair value.

Significant judgements and estimates
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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 balance sheet date.


J E EVANS (INSURANCE) LIMITED (REGISTERED NUMBER: 00751300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

Rental income
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease unless the lease payments are structured to increase in line with expected general inflation in which case the income is recognised as revenue in accordance with the expected payments.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

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

J E EVANS (INSURANCE) LIMITED (REGISTERED NUMBER: 00751300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 6,095 19,634 1,112 26,841
DEPRECIATION
At 1 May 2023 6,095 14,975 1,112 22,182
Charge for year - 1,165 - 1,165
At 30 April 2024 6,095 16,140 1,112 23,347
NET BOOK VALUE
At 30 April 2024 - 3,494 - 3,494
At 30 April 2023 - 4,659 - 4,659

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,036,000
Additions 194,527
Disposals (46,000 )
At 30 April 2024 1,184,527
NET BOOK VALUE
At 30 April 2024 1,184,527
At 30 April 2023 1,036,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2009 43,794
Valuation in 2019 928,109
Cost 212,624
1,184,527

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

2024 2023
£    £   
Cost 76,660 76,660

Investment property was valued on an open market basis on 30 April 2019 by the directors .

J E EVANS (INSURANCE) LIMITED (REGISTERED NUMBER: 00751300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,876
Amounts owed by group undertakings 29,478 29,980
Other debtors 1,000 -
30,478 31,856

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 1,817
Taxation and social security 325 325
Other creditors 30,381 32,020
30,706 34,162

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 223,255 223,255

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 223,255 223,255

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 232,591 243,579

Deferred
tax
£   
Balance at 1 May 2023 243,579
Provided during year (10,988 )
Balance at 30 April 2024 232,591

J E EVANS (INSURANCE) LIMITED (REGISTERED NUMBER: 00751300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100

As of the 1st of February 2009 the 100 ordinary shares were reclassified in to 60 A shares and 40 B shares.

11. RELATED PARTY DISCLOSURES

At the year end there is a balance of £8,233 (2023: £10,733) owed from Adlitil Limited, a company under common directorship.