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REGISTERED NUMBER: 00165116 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

French & Jupps Limited

French & Jupps Limited (Registered number: 00165116)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

French & Jupps Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: D F Watson
P J King





SECRETARY: T J Hall





REGISTERED OFFICE: The Maltings
Roydon Road
Stanstead Abbotts
Hertfordshire
SG12 8HG





REGISTERED NUMBER: 00165116 (England and Wales)





ACCOUNTANTS: Hall & Co Accountancy Ltd
Unit 96 The Maltings
Stanstead Abbotts
Ware
Hertfordshire
SG12 8HG

French & Jupps Limited (Registered number: 00165116)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,951,990 3,053,365
Investment property 5 22,785,000 9,456,898
25,736,990 12,510,263

CURRENT ASSETS
Stocks 184,613 330,756
Debtors 6 1,168,516 852,461
Cash at bank and in hand 1,237,035 1,403,164
2,590,164 2,586,381
CREDITORS
Amounts falling due within one year 7 950,336 916,884
NET CURRENT ASSETS 1,639,828 1,669,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,376,818

14,179,760

PROVISIONS FOR LIABILITIES 4,875,594 1,143,000
NET ASSETS 22,501,224 13,036,760

French & Jupps Limited (Registered number: 00165116)

Statement of Financial Position - continued
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 12,940 12,940
Non Distributable reserve 9 16,691,646 7,082,618
Capital redemption reserve 9 37,520 37,520
Retained earnings 9 5,759,118 5,903,682
SHAREHOLDERS' FUNDS 22,501,224 13,036,760

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

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

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 5 December 2024 and were signed on its behalf by:





P J King - Director


French & Jupps Limited (Registered number: 00165116)

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

1. STATUTORY INFORMATION

French & Jupps 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 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sale of goods and services and rents receivable, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - at variable rates on reducing balance and at varying rates on cost

It is the company's policy not to depreciate its freehold buildings used for the company's trade. The directors consider that this departure from the requirements of the Companies Act 2006 does not materially affect the accounts.

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 and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


French & Jupps Limited (Registered number: 00165116)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

French & Jupps Limited (Registered number: 00165116)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 October 2023 1,257,555 4,566,367 261,499 40,504 6,125,925
Additions - 59,904 10,286 - 70,190
Disposals - (74,568 ) - - (74,568 )
Revaluations 42,445 - - - 42,445
At 30 September 2024 1,300,000 4,551,703 271,785 40,504 6,163,992
DEPRECIATION
At 1 October 2023 - 2,932,204 138,105 2,251 3,072,560
Charge for year - 143,256 38,902 13,504 195,662
Eliminated on disposal - (56,220 ) - - (56,220 )
At 30 September 2024 - 3,019,240 177,007 15,755 3,212,002
NET BOOK VALUE
At 30 September 2024 1,300,000 1,532,463 94,778 24,749 2,951,990
At 30 September 2023 1,257,555 1,634,163 123,394 38,253 3,053,365

The historical cost of the company's freehold land and buildings is £185,881 (2023 £185,881).

As explained in note 1, no depreciation is provided on the buildings used in the company's trade as they are maintained to a high standard and any charge would not be material in these financial statements.

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2024 1,114,119 - - - 1,114,119
Cost 185,881 4,551,703 271,785 40,504 5,049,873
1,300,000 4,551,703 271,785 40,504 6,163,992

French & Jupps Limited (Registered number: 00165116)

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

4. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 185,881 185,881

Value of land in freehold land and buildings 185,881 185,881

Freehold property was valued on an open market basis on 30 September 2024 by Peter Cuffaro Estate Agents .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 9,456,898
Revaluations 13,328,102
At 30 September 2024 22,785,000
NET BOOK VALUE
At 30 September 2024 22,785,000
At 30 September 2023 9,456,898

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 20,064,046
Cost 2,720,954
22,785,000

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

30.9.24 30.9.23
£    £   
Cost 2,720,954 2,720,954

Investment property was valued on an open market basis on 30 September 2024 by Peter Cuffaro Estate Agents .

French & Jupps Limited (Registered number: 00165116)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 881,403 574,187
Other debtors 287,113 278,274
1,168,516 852,461

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 418,887 342,447
Taxation and social security 104,181 124,504
Other creditors 427,268 449,933
950,336 916,884

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
12,940 Ordinary share capital £1 12,940 12,940

9. RESERVES
Non Capital
Retained Distributable redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 October 2023 5,903,682 7,082,618 37,520 13,023,820
Profit for the year 9,616,613 9,616,613
Dividends (155,280 ) (155,280 )
Revaluation of properties (9,605,897 ) 9,609,028 - 3,131
At 30 September 2024 5,759,118 16,691,646 37,520 22,488,284

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
French & Jupps Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of French & Jupps Limited for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of French & Jupps Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of French & Jupps Limited and state those matters that we have agreed to state to the Board of Directors of French & Jupps Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than French & Jupps Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that French & Jupps Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of French & Jupps Limited. You consider that French & Jupps Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of French & Jupps Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hall & Co Accountancy Ltd
Unit 96 The Maltings
Stanstead Abbotts
Ware
Hertfordshire
SG12 8HG



Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
French & Jupps Limited

5 December 2024