Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-301110000111000022023-05-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00518401 2023-05-01 2024-04-30 00518401 2022-05-01 2023-04-30 00518401 2024-04-30 00518401 2023-04-30 00518401 c:Director2 2023-05-01 2024-04-30 00518401 d:FreeholdInvestmentProperty 2024-04-30 00518401 d:FreeholdInvestmentProperty 2023-04-30 00518401 d:LeaseholdInvestmentProperty 2024-04-30 00518401 d:LeaseholdInvestmentProperty 2023-04-30 00518401 d:CurrentFinancialInstruments 2024-04-30 00518401 d:CurrentFinancialInstruments 2023-04-30 00518401 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 00518401 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 00518401 d:ShareCapital 2024-04-30 00518401 d:ShareCapital 2023-04-30 00518401 d:OtherMiscellaneousReserve 2024-04-30 00518401 d:OtherMiscellaneousReserve 2023-04-30 00518401 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 00518401 d:RetainedEarningsAccumulatedLosses 2024-04-30 00518401 d:RetainedEarningsAccumulatedLosses 2023-04-30 00518401 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-04-30 00518401 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 00518401 c:FRS102 2023-05-01 2024-04-30 00518401 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 00518401 c:FullAccounts 2023-05-01 2024-04-30 00518401 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00518401 2 2023-05-01 2024-04-30 00518401 6 2023-05-01 2024-04-30 00518401 d:RetirementBenefitObligationsDeferredTax 2024-04-30 00518401 d:RetirementBenefitObligationsDeferredTax 2023-04-30 00518401 d:OtherDeferredTax 2024-04-30 00518401 d:OtherDeferredTax 2023-04-30 00518401 1 2024-04-30 00518401 1 2023-04-30 00518401 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 00518401









J A & D V TAYLOR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
J A & D V TAYLOR LIMITED
REGISTERED NUMBER: 00518401

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
109,178
105,996

Investment property
 5 
555,000
555,000

  
664,178
660,996

Current assets
  

Debtors: amounts falling due within one year
 6 
2,072
5,115

Cash at bank and in hand
  
51,919
32,962

  
53,991
38,077

Creditors: amounts falling due within one year
 7 
(93,082)
(88,069)

Net current liabilities
  
 
 
(39,091)
 
 
(49,992)

Total assets less current liabilities
  
625,087
611,004

Provisions for liabilities
  

Deferred tax
 9 
(35,321)
(34,990)

  
 
 
(35,321)
 
 
(34,990)

Net assets
  
589,766
576,014


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Other reserves
 10 
14,914
14,914

Profit and loss account
 10 
572,852
559,100

  
589,766
576,014


Page 1

 
J A & D V TAYLOR LIMITED
REGISTERED NUMBER: 00518401
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





Steven Taylor
Director

Date: 30 January 2025


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
J A & D V TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

J A & D V Taylor Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. Its registered office address is 124 Finchley Road, London, NW3 5JS and its principal place of business is Unit 3.18 The Plaza, 535 Kings Road, Chelsea, London, SW10 0SZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents rent receivable for the year net of value added tax.

Investment properties are leased to tenants under operating leases. The rental income receivable under these leases is recognised through profit or loss on a straight-line basis over the term of the lease. Any rent-free period is spread over the period of the lease. Since the risks and rewards of ownership have not been transferred to the lessee, the assets held under these leases continue to be recognised in the company's financial statements.

 
2.3

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Valuation of investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the reporting date. Investment gains and losses are recognised through profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

 
J A & D V TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties and investments in non-puttable ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Investments in non-derivative instruments that are equity to the issuer are measured:
- at fair value with changes recognised in the Statement of Income and Retained Earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
- at cost less impairment for all other investments.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax and is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
J A & D V TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 May 2023
105,996


Additions
61,161


Disposals
(60,709)


Revaluations
1,740



At 30 April 2024

108,188



Impairment


Charge for the period
(990)



At 30 April 2024

(990)



Net book value



At 30 April 2024
109,178



At 30 April 2023
105,996


5.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 May 2023
315,000
240,000
555,000



At 30 April 2024
315,000
240,000
555,000






Page 5

 
J A & D V TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,417
1,417

Prepayments and accrued income
655
3,698

2,072
5,115



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,500
5,100

Corporation tax
6,909
6,981

Other taxation and social security
1,165
458

Other creditors
77,021
72,319

Accruals and deferred income
3,487
3,211

93,082
88,069



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
109,178
105,996




Financial assets measured at fair value through profit or loss comprise listed investments held as part of a portfolio.

Page 6

 
J A & D V TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Deferred taxation




2024


£






At beginning of year
(34,990)


Charged to profit or loss
(331)



At end of year
(35,321)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


On revaluation of listed investments
331
-

On revaluation of investment properties
34,990
34,990

35,321
34,990


10.


Reserves

Profit & loss account

Included within the profit and loss account carried forward are unrealised gains of £329,844 (2023: £328,104) relating to the revaluation of listed investments and investment properties. Deferred tax provided in respect of these gains amounts to £35,321 (202: £34,990). Accordingly there are net nondistributable reserves of £294,523 (2023: £293,114).


11.


Related party transactions

The directors have advanced funding to the company which is interest free, unsecured and repayable on demand. At the reporting date the company owed £67,517 (2023: £62,941) to the directors.

 
Page 7