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COMPANY REGISTRATION NUMBER: 06990313
John Ballentyne Associates Limited
Filleted Unaudited Financial Statements
31 March 2024
John Ballentyne Associates Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
John Ballentyne Associates Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Investments
5
738,695
738,695
Current assets
Cash at bank and in hand
2
2
Creditors: amounts falling due within one year
6
275,473
177,318
---------
---------
Net current liabilities
275,471
177,316
---------
---------
Total assets less current liabilities
463,224
561,379
Creditors: amounts falling due after more than one year
7
204,777
261,325
---------
---------
Net assets
258,447
300,054
---------
---------
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
258,445
300,052
---------
---------
Shareholders funds
258,447
300,054
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
John Ballentyne Associates Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 14 February 2025 , and are signed on behalf of the board by:
Mr J Ballentyne
Mr T Ballentyne
Director
Director
Company registration number: 06990313
John Ballentyne Associates Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to 2 (2023: 2).
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
738,695
---------
Impairment
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
738,695
---------
At 31 March 2023
738,695
---------
The company owns 88.89% of the issued share capital of Chelmer Village Associates Limited, a company incorporated in England and Wales.
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
53,700
52,600
Trade creditors
516
1,188
Amounts owed to group undertakings
220,645
123,014
Accruals and deferred income
612
516
---------
---------
275,473
177,318
---------
---------
The bank loans and overdrafts are secured by charges over the company's assets.
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
204,777
261,325
---------
---------
The bank loans and overdrafts are secured by charges over the company's assets.
Included within creditors: amounts falling due after more than one year is an amount of £Nil (2023: £50,925) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
A Ordinary shares of £ 1 each
1
1
1
1
B Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
2
2
2
2
----
----
----
----
9. Related party transactions
At the year end £220,645 (2023: £123,014) was owed to the company's subsidiary undertaking.