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REGISTERED NUMBER: 01261353 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

J. LOTT LIMITED

J. LOTT LIMITED (REGISTERED NUMBER: 01261353)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. LOTT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mrs G S Lott





SECRETARY: Mrs G S Lott





REGISTERED OFFICE: Constable Court
62 Dene Street
Dorking
Surrey
RH4 2DP





REGISTERED NUMBER: 01261353 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
Constable Court
62 Dene Street
Dorking
Surrey
RH4 2DP

J. LOTT LIMITED (REGISTERED NUMBER: 01261353)

BALANCE SHEET
31 OCTOBER 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,000,000 2,000,000

CURRENT ASSETS
Debtors 5 7,075 -
Cash at bank 443,945 445,524
451,020 445,524
CREDITORS
Amounts falling due within one year 6 32,876 29,968
NET CURRENT ASSETS 418,144 415,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,418,144

2,415,556

PROVISIONS FOR LIABILITIES 351,232 351,232
NET ASSETS 2,066,912 2,064,324

CAPITAL AND RESERVES
Called up share capital 50 50
Fair value reserve 1,415,275 1,415,275
Retained earnings 651,587 648,999
SHAREHOLDERS' FUNDS 2,066,912 2,064,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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. LOTT LIMITED (REGISTERED NUMBER: 01261353)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 25 February 2025 and were signed by:





Mrs G S Lott - Director


J. LOTT LIMITED (REGISTERED NUMBER: 01261353)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

J. Lott 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 rent 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.

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.

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.

Investment property
In accordance with Financial Reporting Standard 102, investment properties are revalued annually and the aggregate surplus or deficit is dealt with through the profit and loss account. The gain/loss is transferred to a fair value reserve after adjusting for deferred tax.

The Companies Act 2006 requires tangible fixed assets to be depreciated systematically over their estimated useful economic lives. However, investment properties are held for investment rather than consumption; the directors therefore consider that depreciation on a systematic basis would not be appropriate in this case and that the accounting policy adopted is necessary for the accounts to give a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

J. LOTT LIMITED (REGISTERED NUMBER: 01261353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 November 2023
and 31 October 2024 2,000,000
NET BOOK VALUE
At 31 October 2024 2,000,000
At 31 October 2023 2,000,000

Cost or valuation at 31 October 2024 is represented by:

Land and
buildings
£   
Valuation in 2015 1,750,494
Cost 249,506
2,000,000

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

31/10/24 31/10/23
£    £   
Cost 249,506 249,506

Freehold property was valued on an open market basis on 31 October 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Other debtors 7,075 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Taxation and social security 21,971 19,119
Other creditors 10,905 10,849
32,876 29,968