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REGISTERED NUMBER: 00370605 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

L C J Sewell & Son Ltd

L C J Sewell & Son Ltd (Registered number: 00370605)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


L C J Sewell & Son Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr E J Sewell





SECRETARY: Mr E J Sewell





REGISTERED OFFICE: Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR





REGISTERED NUMBER: 00370605 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

L C J Sewell & Son Ltd (Registered number: 00370605)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment 4 250,000 250,000

CREDITORS
Amounts falling due within one year 5 3,622 3,309
NET CURRENT LIABILITIES (3,622 ) (3,309 )
TOTAL ASSETS LESS CURRENT LIABILITIES 246,378 246,691

PROVISIONS FOR LIABILITIES 6 38,000 38,000
NET ASSETS 208,378 208,691

CAPITAL AND RESERVES
Called up share capital 7 5,135 5,135
Fair value reserve 8 162,000 162,000
Retained earnings 41,243 41,556
SHAREHOLDERS' FUNDS 208,378 208,691

L C J Sewell & Son Ltd (Registered number: 00370605)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2024.

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

The director acknowledges his 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 director and authorised for issue on 14 March 2025 and were signed by:





Mr E J Sewell - Director


L C J Sewell & Son Ltd (Registered number: 00370605)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

L C J Sewell & Son Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

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 the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet 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.

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the income statement.

L C J Sewell & Son Ltd (Registered number: 00370605)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENT
Other
investments
£   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 250,000
NET BOOK VALUE
At 31 December 2024 250,000
At 31 December 2023 250,000

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2016 200,000
Cost 50,000
250,000

The investment comprises a loan secured on 39 Bennett Avenue, Bury St Edmunds, Suffolk by way of a legal charge providing the company an equity interest of five eighths of the value of the property. Upon redemption, the company is entitled to the value of the equity interest or £50,000, the capital sum, whichever is the greater. Interest is not charged on the capital sum and the loan has no defined term.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 3,622 3,309

Included in other creditors is a directors loan.

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 38,000 38,000

L C J Sewell & Son Ltd (Registered number: 00370605)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 38,000
Timing difference
Balance at 31 December 2024 38,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,135 Ordinary £1 5,135 5,135

8. RESERVES
Fair
value
reserve
£   
At 1 January 2024
and 31 December 2024 162,000