REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 October 2024 |
for |
John Paul Allen Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 October 2024 |
for |
John Paul Allen Limited |
John Paul Allen Limited (Registered number: 13583978) |
Contents of the Financial Statements |
for the Year Ended 31 October 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
John Paul Allen Limited |
Company Information |
for the Year Ended 31 October 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Mills |
Canal Street |
Derby |
DE1 2RJ |
John Paul Allen Limited (Registered number: 13583978) |
Balance Sheet |
31 October 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
John Paul Allen Limited (Registered number: 13583978) |
Balance Sheet - continued |
31 October 2024 |
The financial statements were approved by the director and authorised for issue on |
John Paul Allen Limited (Registered number: 13583978) |
Notes to the Financial Statements |
for the Year Ended 31 October 2024 |
1. | STATUTORY INFORMATION |
John Paul Allen Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about John Paul Allen Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover represents a share of partnership profits, which are recognised in the period in which the profits were earned. |
Goodwill |
Goodwill is being amortised evenly over is estimated useful life of five years. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less impairment. |
Fixed asset investments |
Listed investments are valued at their value at the balance sheet date and any changes in their value between the previous year end or acquisition, as applicable are recognised in the profit and loss account. |
Unlisted investments are stated at cost less impairment as the fair value cannot be measured reliably. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
John Paul Allen Limited (Registered number: 13583978) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 November 2023 |
Additions |
At 31 October 2024 |
AMORTISATION |
At 1 November 2023 |
Charge for year |
At 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
At 31 October 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST |
At 1 November 2023 | 113,073 |
Additions | 1,030,611 |
Disposals | ( |
) | (64,499 | ) |
Impairments | ( |
) | (847,098 | ) |
At 31 October 2024 | 232,087 |
NET BOOK VALUE |
At 31 October 2024 | 232,087 |
At 31 October 2023 | 113,073 |
The company entered in to a tripartite agreement, such that the assets of an unlisted investment (which was placed in to a members' voluntary liquidation) were transferred to JPA 2021 Limited (a company in which John Paul Allen Limited is a 100% shareholder) in exchange for 847,098 £1 Ordinary shares. |
JPA 2021 Limited then distributed the assets by way of a dividend in specie to the company and the investment in JPA 2021 Limited was subsequently written down. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
John Paul Allen Limited (Registered number: 13583978) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other loans |
Tax |
Other creditors |
Directors' current accounts | 84,663 | 97,244 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other loans - 1-2 years |
Other loans - 2-5 years | 449,279 | 111,455 |