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REGISTERED NUMBER: 06878860 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

JAMES SHOE CARE CANADA PLACE LIMITED

JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMES SHOE CARE CANADA PLACE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: D W James
A R James
Miss L C Stevens
Mrs R Baker
E James





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 06878860 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 341,375 351,430
Investments 5 372,707 372,707
714,082 724,137

CURRENT ASSETS
Stocks 10,225 11,784
Debtors 6 8,650 10,051
18,875 21,835
CREDITORS
Amounts falling due within one year 7 338,687 303,066
NET CURRENT LIABILITIES (319,812 ) (281,231 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,270

442,906

CREDITORS
Amounts falling due after more than one
year

8

(10,833

)

(120,833

)

PROVISIONS FOR LIABILITIES (8,212 ) (8,981 )
NET ASSETS 375,225 313,092

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 375,125 312,992
SHAREHOLDERS' FUNDS 375,225 313,092

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

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

JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)

BALANCE SHEET - continued
30 NOVEMBER 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 Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:




A R James - Director



D W James - Director


JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)

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

1. STATUTORY INFORMATION

James Shoe Care Canada Place 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - not provided
Improvements to property - not provided
Equipment, fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Equipment,
Improvements fixtures
Short to and
leasehold property fittings
£    £    £   
COST
At 1 December 2023 17,561 275,755 305,952
Additions - - 2,275
At 30 November 2024 17,561 275,755 308,227
DEPRECIATION
At 1 December 2023 - - 249,559
Charge for year - - 11,734
At 30 November 2024 - - 261,293
NET BOOK VALUE
At 30 November 2024 17,561 275,755 46,934
At 30 November 2023 17,561 275,755 56,393

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 14,984 6,632 620,884
Additions - - 2,275
At 30 November 2024 14,984 6,632 623,159
DEPRECIATION
At 1 December 2023 13,484 6,411 269,454
Charge for year 375 221 12,330
At 30 November 2024 13,859 6,632 281,784
NET BOOK VALUE
At 30 November 2024 1,125 - 341,375
At 30 November 2023 1,500 221 351,430

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investment in subsidiary company 372,707 372,707

This investment is 100% of the shareholding of City of London Dry Cleaning Company Limited.

JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,401
Prepayments and other debtors 8,650 8,650
8,650 10,051

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 53,578 45,264
Trade creditors 29,527 34,387
Tax 29,368 9,798
Social security and other taxes 7,443 14,367
VAT 5,764 6,435
Other creditors 14,814 13,440
Inter-company account 158,447 176,547
Directors' current accounts 39,746 2,828
338,687 303,066

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,833 20,833
Directors' current accounts - 100,000
10,833 120,833

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 119,888 233,708

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 43,578 35,264
Bank loans 20,833 30,833
64,411 66,097

The bank loans and overdraft are secured personally by the directors.

JAMES SHOE CARE CANADA PLACE LIMITED (REGISTERED NUMBER: 06878860)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 December 2023 312,992
Profit for the year 99,133
Dividends (37,000 )
At 30 November 2024 375,125