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REGISTERED NUMBER: 03389132 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

C.T. JONES LIMITED

C.T. JONES LIMITED (REGISTERED NUMBER: 03389132)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C.T. JONES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: C T Jones





REGISTERED OFFICE: 120 Redbridge Lane East
Ilford
Essex
IG4 5BU





REGISTERED NUMBER: 03389132 (England and Wales)





ACCOUNTANTS: ELM Partners
Chartered Certified Accountants
Southgate Office Village
286a Chase Road
Southgate
London
N14 6HF

C.T. JONES LIMITED (REGISTERED NUMBER: 03389132)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,233,647 1,043,745
Investment property 5 1,169,995 1,340,000
2,403,642 2,383,745

CURRENT ASSETS
Debtors 6 2,228 919
Cash at bank 1,263,877 964,871
1,266,105 965,790
CREDITORS
Amounts falling due within one year 7 184,742 210,427
NET CURRENT ASSETS 1,081,363 755,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,485,005

3,139,108

CREDITORS
Amounts falling due after more than one year 8 (65,000 ) (75,000 )

PROVISIONS FOR LIABILITIES 10 (192,200 ) (227,800 )
NET ASSETS 3,227,805 2,836,308

CAPITAL AND RESERVES
Called up share capital 2 2
Non distributable reserve 576,605 683,376
Retained earnings 2,651,198 2,152,930
3,227,805 2,836,308

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

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

C.T. JONES LIMITED (REGISTERED NUMBER: 03389132)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 March 2025 and were signed by:





C T Jones - Director


C.T. JONES LIMITED (REGISTERED NUMBER: 03389132)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

C.T. Jones 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed assets investment
Fixed assets investment comprise investments in listed shares which are measured at fair value. Changes in fair value are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

C.T. JONES LIMITED (REGISTERED NUMBER: 03389132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 1,043,745
Additions 250,902
Disposals (61,000 )
At 30 June 2024 1,233,647
NET BOOK VALUE
At 30 June 2024 1,233,647
At 30 June 2023 1,043,745

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,340,000
Disposals (27,634 )
Revaluations (142,371 )
At 30 June 2024 1,169,995
NET BOOK VALUE
At 30 June 2024 1,169,995
At 30 June 2023 1,340,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 768,805
Cost 401,190
1,169,995

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 401,190 428,824

Investment properties were valued on a fair value basis on 30 June 2024 by the director of the company, C T Jones.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,148 919
Other debtors 1,080 -
2,228 919

C.T. JONES LIMITED (REGISTERED NUMBER: 03389132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 23,706
Taxation and social security 146,153 124,341
Other creditors 38,589 62,380
184,742 210,427

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 65,000 75,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 65,000 75,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 65,000 75,000

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 192,200 227,800

Deferred
tax
£   
Balance at 1 July 2023 227,800
Provided during year (35,600 )
Balance at 30 June 2024 192,200

11. RELATED PARTY DISCLOSURES

Included in "Creditors: Amounts falling due within one year" is an amount of £4,370 (2023: £39,853) due to C T Jones, director of the company. During the year interest was charged on overdrawn loan account at the official interest rate.