Company Registration No. 6997318 (England and Wales)
Geoffrey Jane Inns Ltd
Unaudited accounts
for the year ended 30 June 2024
Geoffrey Jane Inns Ltd
Unaudited accounts
Contents
Geoffrey Jane Inns Ltd
Company Information
for the year ended 30 June 2024
Company Number
6997318 (England and Wales)
Registered Office
First Floor West Winterton House
High Street
Westerham
Kent
TN16 1AQ
United Kingdom
Accountants
Nicholas Le Fort
1 Coppings Brook Cottages
Coppings Road
Leigh
Kent
TN11 8PP
Geoffrey Jane Inns Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
2,175
2,900
Investment property
950,000
655,126
Investments
100,000
100,000
Cash at bank and in hand
30,846
56,844
Creditors: amounts falling due within one year
(64,093)
(101,154)
Net current (liabilities)/assets
(615)
2,519
Total assets less current liabilities
1,051,560
760,545
Creditors: amounts falling due after more than one year
(559,495)
(564,151)
Provisions for liabilities
Net assets
491,642
195,833
Called up share capital
100
100
Revaluation reserve
294,874
-
Profit and loss account
196,668
195,733
Shareholders' funds
491,642
195,833
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 March 2025 and were signed on its behalf by
E G Bing
Director
Company Registration No. 6997318
Geoffrey Jane Inns Ltd
Notes to the Accounts
for the year ended 30 June 2024
Geoffrey Jane Inns Ltd is a private company, limited by shares, registered in England and Wales, registration number 6997318. The registered office is First Floor West Winterton House, High Street, Westerham, Kent, TN16 1AQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Geoffrey Jane Inns Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
6,044
59,989
625
66,658
At 30 June 2024
6,044
59,989
625
66,658
At 1 July 2023
5,873
57,409
476
63,758
Charge for the year
32
656
37
725
At 30 June 2024
5,905
58,065
513
64,483
At 30 June 2024
139
1,924
112
2,175
At 30 June 2023
171
2,580
149
2,900
Fair value at 1 July 2023
655,126
Net gain from fair value adjustments
294,874
The company purchased a freehold investment property on 2 November 2016. The property is shown in these accounts at cost £655,126 and director believes that this is a fair reflection of value at the balance sheet date.
6
Investments
Subsidiary undertakings
Valuation at 1 July 2023
100,000
Valuation at 30 June 2024
100,000
Company purchased 25 shares in Brickfields Bar Ltd, a company under common control.
Amounts falling due within one year
Amounts due from group undertakings etc.
11,969
11,969
Accrued income and prepayments
-
3,036
Other debtors
13,793
15,525
Geoffrey Jane Inns Ltd
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,786
19,960
Trade creditors
8,172
20,452
Taxes and social security
1,534
20,361
Other creditors
3,765
4,281
Loans from directors
13,494
-
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
280,618
285,274
Amounts owed to group undertakings and other participating interests
100,000
100,000
Other creditors
178,877
178,877
The bank loan is secured by a fixed charge on the investment property.
10
Operating lease commitments
2024
2023
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
32,500
11
Transactions with related parties
The company received Income from Property of £24,863 during the year (2022 - £25,262) from a company under common control.
12
Average number of employees
During the year the average number of employees was 10 (2023: 26).