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REGISTERED NUMBER: 01283801 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 December 2024

for

Singer & James Limited

Singer & James Limited (Registered number: 01283801)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Singer & James Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: G Taylor
J Bell
G James





REGISTERED OFFICE: 33 Roebuck Road
Hainault
Ilford
Essex
IG6 3TZ





REGISTERED NUMBER: 01283801 (England and Wales)





ACCOUNTANTS: Granite Morgan Smith Limited
122 Feering Hill
Feering
Colchester
Essex
CO5 9PY

Singer & James Limited (Registered number: 01283801)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,597 1,564
Investment property 5 5,347,500 5,347,500
5,351,097 5,349,064

CURRENT ASSETS
Debtors 6 15,935 19,980
Cash at bank and in hand 119,336 130,429
135,271 150,409
CREDITORS
Amounts falling due within one year 7 79,755 113,055
NET CURRENT ASSETS 55,516 37,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,406,613

5,386,418

PROVISIONS FOR LIABILITIES 1,274,058 1,274,184
NET ASSETS 4,132,555 4,112,234

CAPITAL AND RESERVES
Called up share capital 241,000 241,000
Fair value reserve 4,368,061 4,368,061
Retained earnings (476,506 ) (496,827 )
SHAREHOLDERS' FUNDS 4,132,555 4,112,234

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Singer & James Limited (Registered number: 01283801)

Balance Sheet - continued
31 December 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 10 April 2025 and were signed on its behalf by:





G Taylor - Director


Singer & James Limited (Registered number: 01283801)

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

1. STATUTORY INFORMATION

Singer & James 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.

This is the first year that the company has presented its results under FRS 102 section 1A. The last set of financial statements under UK GAAP were for the year to 31 December 2015. The date of transition to FRS 102 section 1A was 1 January 2016. There are no transitional adjustments arising from the first time adoption of FRS 102 section 1A

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance and 15% on cost
Fixtures and fittings - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Long term contracts
Profit on long term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs (as defined in accounting policies) as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Singer & James Limited (Registered number: 01283801)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 136,677
Additions 3,097
At 31 December 2024 139,774
DEPRECIATION
At 1 January 2024 135,113
Charge for year 1,064
At 31 December 2024 136,177
NET BOOK VALUE
At 31 December 2024 3,597
At 31 December 2023 1,564

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 5,347,500
NET BOOK VALUE
At 31 December 2024 5,347,500
At 31 December 2023 5,347,500

Fair value at 31 December 2024 is represented by:
£   
Valuation in 1995 (129,974 )
Valuation in 1988 440,539
Valuation in 2011 1,237,572
Valuation in 2017 3,003,886
Valuation in 2018 (271,517 )
Valuation in 2019 644,545
Cost 422,449
5,347,500

Singer & James Limited (Registered number: 01283801)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 9,039 12,810
Other debtors 6,896 7,170
15,935 19,980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 4,020 4,691
Taxation and social security 11,466 29,034
Other creditors 64,269 79,330
79,755 113,055

8. POST BALANCE SHEET EVENTS

No events have occurred since the date of the balance sheet that need to be brought to the attention of shareholders or third parties.