Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30false2023-07-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12655482 2023-07-01 2024-06-30 12655482 2022-07-01 2023-06-30 12655482 2024-06-30 12655482 2023-06-30 12655482 c:Director1 2023-07-01 2024-06-30 12655482 d:FreeholdInvestmentProperty 2024-06-30 12655482 d:FreeholdInvestmentProperty 2023-06-30 12655482 d:CurrentFinancialInstruments 2024-06-30 12655482 d:CurrentFinancialInstruments 2023-06-30 12655482 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12655482 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12655482 d:ShareCapital 2024-06-30 12655482 d:ShareCapital 2023-06-30 12655482 d:OtherMiscellaneousReserve 2024-06-30 12655482 d:OtherMiscellaneousReserve 2023-06-30 12655482 d:RetainedEarningsAccumulatedLosses 2024-06-30 12655482 d:RetainedEarningsAccumulatedLosses 2023-06-30 12655482 c:FRS102 2023-07-01 2024-06-30 12655482 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12655482 c:FullAccounts 2023-07-01 2024-06-30 12655482 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12655482 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 12655482









J&S PALMER LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
J&S PALMER LIMITED
REGISTERED NUMBER: 12655482

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
200,000
200,000

  
200,000
200,000

Current assets
  

Debtors: amounts falling due within one year
 5 
4,550
14,600

Cash at bank and in hand
 6 
1,011
2,246

  
5,561
16,846

Creditors: amounts falling due within one year
 7 
(184,269)
(185,869)

Net current liabilities
  
 
 
(178,708)
 
 
(169,023)

Total assets less current liabilities
  
21,292
30,977

  

Net assets
  
21,292
30,977


Capital and reserves
  

Called up share capital 
  
1
1

Other reserves
  
30,000
30,000

Profit and loss account
  
(8,709)
976

  
21,292
30,977


Page 1

 
J&S PALMER LIMITED
REGISTERED NUMBER: 12655482
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 April 2025.




T J Palmer
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
J&S PALMER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

J&S Palmer Limited is a private company limited by shares and incorporated in England and Wales (registered number 12655482). The registered office address is 23 The Metro Centre, Peterborough, PE2 7UH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
J&S PALMER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
200,000



At 30 June 2024
200,000

The 2024 valuations were made by the director, on an open market value for existing use basis.






5.


Debtors

2024
2023
£
£


Trade debtors
3,600
3,600

Other debtors
795
11,000

Prepayments and accrued income
155
-

4,550
14,600


Page 4

 
J&S PALMER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,011
2,246

1,011
2,246



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
10,919
3,818

Other taxation and social security
-
202

Other creditors
171,500
179,999

Accruals and deferred income
1,850
1,850

184,269
185,869



8.


Related party transactions

Included within other creditors is £167,999 (2023: £179,999) owed to the director.
Included within other creditors is £3,500 (2023: £nil) owed to a company under common control.

 
Page 5