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REGISTERED NUMBER: 07373398 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Oliver F Johnson Limited

Oliver F Johnson Limited (Registered number: 07373398)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oliver F Johnson Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr O F Johnson





REGISTERED OFFICE: C/o Clarke and Simpson
Well Close Square
Framlingham
Suffolk
IP13 9DU





REGISTERED NUMBER: 07373398 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

Oliver F Johnson Limited (Registered number: 07373398)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,668
Investments 5 562,879 513,730
562,879 515,398

CURRENT ASSETS
Debtors 6 239,959 162,605
Cash at bank 229,361 310,403
469,320 473,008
CREDITORS
Amounts falling due within one year 7 17,106 127,318
NET CURRENT ASSETS 452,214 345,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,015,093

861,088

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 18,999 5,605
Retained earnings 995,994 855,383
SHAREHOLDERS' FUNDS 1,015,093 861,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 31 March 2025 and were signed by:




Mr O F Johnson - Director


Oliver F Johnson Limited (Registered number: 07373398)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Oliver F Johnson 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the company's share of the profits of the partnership.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 283,333
AMORTISATION
At 1 September 2023 281,665
Charge for year 1,668
At 31 August 2024 283,333
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 1,668

Goodwill arose on the purchase of the company's share in the partnership.

Oliver F Johnson Limited (Registered number: 07373398)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 513,730
Additions 35,755
Revaluations 13,394
At 31 August 2024 562,879
NET BOOK VALUE
At 31 August 2024 562,879
At 31 August 2023 513,730

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 562,879

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from Partnership interest 191,779 162,605
Other debtors 334 -
Directors' current accounts 47,846 -
239,959 162,605

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 15,912 17,892
Other creditors - 10,000
Directors' current accounts - 98,358
Accruals and deferred income 1,194 1,068
17,106 127,318

8. CALLED UP SHARE CAPITAL

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

Oliver F Johnson Limited (Registered number: 07373398)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. RESERVES
Revaluation
reserve
£   
At 1 September 2023 5,605
Revaluation 13,394

At 31 August 2024 18,999

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr O F Johnson
Balance outstanding at start of year - -
Amounts advanced 112,022 3,478
Amounts repaid (64,176 ) (3,478 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,846 -

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.25% per annum.