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REGISTERED NUMBER: 00649684 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

J.W.GEARY(CONTRACTORS)LIMITED

J.W.GEARY(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00649684)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.W.GEARY(CONTRACTORS)LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: R J Geary





SECRETARY: R J Geary





REGISTERED OFFICE: 6 Ye Market
Selsdon Road
South Croydon
Surrey
CR2 6PW





REGISTERED NUMBER: 00649684 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

J.W.GEARY(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00649684)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,294 93,396
Investment property 5 39,317 39,317
129,611 132,713

CURRENT ASSETS
Debtors 6 1,995 1,140
Cash at bank 354,209 453,197
356,204 454,337
CREDITORS
Amounts falling due within one year 7 10,315 25,106
NET CURRENT ASSETS 345,889 429,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

475,500

561,944

PROVISIONS FOR LIABILITIES 8 9,829 9,829
NET ASSETS 465,671 552,115

CAPITAL AND RESERVES
Called up share capital 9 740 740
Revaluation reserve 10 62,631 64,735
Capital redemption reserve 10 260 260
Fair value reserve 10 17,531 17,531
Retained earnings 10 384,509 468,849
SHAREHOLDERS' FUNDS 465,671 552,115

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

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

J.W.GEARY(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00649684)

BALANCE SHEET - continued
30 APRIL 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 4 March 2025 and were signed by:





R J Geary - Director


J.W.GEARY(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00649684)

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


1. STATUTORY INFORMATION

J.W.Geary(Contractors)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.

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.

Significant judgements and estimates
Accounting policies which have a significant bearing on the reported financial position and results of the company may require subjective or complex judgements.

The principal on-going area of judgement is the investment property valuation and tangible fixed asset land and buildings valuation, where the directors' opinion of fair value based on experience, and comparison with similar properties has been obtained at each reporting date.

Deferred tax is directly and indirectly impacted by the estimation uncertainty arising within the investment
property valuation through the timing difference that exists between the valuation and the tax base cost of the properties and if relevant, the March 1982 property valuation is also utilised in arriving at the tax base cost for certain of the investment properties.

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 - 2% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Land and buildings are stated at revalued amount based on the directors' valuation.

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 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.


J.W.GEARY(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00649684)

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


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Other income
Other income represents rents receivable and other income net of VAT.

Other income is recognised with reference to time as the period of rental progresses so that the amount of revenue reflects the actual right to consideration by reference to the period of rental covered.

Financial instruments
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation

Share capital
Ordinary shares are classified as equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

J.W.GEARY(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00649684)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 150,000 24,638 174,638
Disposals - (13,399 ) (13,399 )
At 30 April 2024 150,000 11,239 161,239
DEPRECIATION
At 1 May 2023 56,816 24,426 81,242
Charge for year 3,000 36 3,036
Eliminated on disposal - (13,333 ) (13,333 )
At 30 April 2024 59,816 11,129 70,945
NET BOOK VALUE
At 30 April 2024 90,184 110 90,294
At 30 April 2023 93,184 212 93,396

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 39,317
NET BOOK VALUE
At 30 April 2024 39,317
At 30 April 2023 39,317

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,995 1,140

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,211 1,053
Other creditors 9,104 24,053
10,315 25,106

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,829 9,829

J.W.GEARY(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00649684)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 9,829
Balance at 30 April 2024 9,829

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
740 Ordinary £1 740 740

10. RESERVES
Capital Fair
Retained Revaluation redemption value
earnings reserve reserve reserve Totals
£    £    £    £    £   

At 1 May 2023 468,849 64,735 260 17,531 551,375
Deficit for the year (86,444 ) (86,444 )
Excess depreciation adjustment 2,104 (2,104 ) - - -
At 30 April 2024 384,509 62,631 260 17,531 464,931

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, one director was owed £3,867 (2023:£7,465) and another director was owed £616 (2023: £1,310). These loans are not secured, bear no interest and have no repayment terms.

12. ULTIMATE CONTROLLING PARTY

The controlling party is G E Geary.