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REGISTERED NUMBER: 00113513 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

R. Jarvis (Industrial Properties)
Limited

R. Jarvis (Industrial Properties)
Limited (Registered number: 00113513)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


R. Jarvis (Industrial Properties)
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Gromett
Mrs S J Gromett
R Gromett
S Gromett
Mrs A Game





SECRETARY: Mrs S J Gromett





REGISTERED OFFICE: The Manor House
Bassingthorpe
Grantham
Lincolnshire
NG33 4EB





REGISTERED NUMBER: 00113513 (England and Wales)





ACCOUNTANTS: Williams Chartered Accountants
Jade House
67 Park Royal Road
London
NW10 7JJ

R. Jarvis (Industrial Properties)
Limited (Registered number: 00113513)

Abridged Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,134,873 2,135,737

CURRENT ASSETS
Debtors 1,366,706 1,379,319
Cash at bank 7,602 11,304
1,374,308 1,390,623
CREDITORS
Amounts falling due within one year 134,473 127,355
NET CURRENT ASSETS 1,239,835 1,263,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,374,708

3,399,005

CREDITORS
Amounts falling due after more than one year 5 (30,640 ) (41,653 )

PROVISIONS FOR LIABILITIES 6 (447,867 ) (448,173 )
NET ASSETS 2,896,201 2,909,179

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Revaluation reserve 1,630,614 1,630,614
Retained earnings 1,260,587 1,273,565
SHAREHOLDERS' FUNDS 2,896,201 2,909,179

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

R. Jarvis (Industrial Properties)
Limited (Registered number: 00113513)

Abridged Statement of Financial Position - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





P Gromett - Director


R. Jarvis (Industrial Properties)
Limited (Registered number: 00113513)

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

1. STATUTORY INFORMATION

R. Jarvis (Industrial Properties) 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.

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 & machinery - 15% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

R. Jarvis (Industrial Properties)
Limited (Registered number: 00113513)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 2,217,905
DEPRECIATION
At 1 April 2023 82,168
Charge for year 864
At 31 March 2024 83,032
NET BOOK VALUE
At 31 March 2024 2,134,873
At 31 March 2023 2,135,737

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.24 31.3.23
£    £   
Repayable by instalments
Bank loans 30,640 41,653

6. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred taxation 408,075 408,381
Other provisions 39,792 39,792
447,867 448,173

Deferred Other
tax provisions
£    £   
Balance at 1 April 2023 408,381 5,200
Provision for the year (306 ) -
Accelerating timing difference
Balance at 31 March 2024 408,075 5,200

R. Jarvis (Industrial Properties)
Limited (Registered number: 00113513)

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

7. RELATED PARTY DISCLOSURES

Guarantee

The company has provided a guarantee in respect of borrowing by the director and his family from HSBC.
Balance outstanding on the loan as at 31 March 2024 amounted to £995,759 (2023 - £995,759 ).

Dividend

During the year the directors, Mr P Gromett and Mrs S J Gromett were each paid £9,724 (2023 - £3,612) as dividends and the other directors Mrs A Game, Mr R Gromett and Mr S Gromett were each paid £5,984 (2023 - £2,223) dividends all in the capacity of shareholders.

8. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr P and Mrs S Gromett by virtue of their combined 52% holding of the share capital of the company.