Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 00783132 Mrs Wendy Heales Ms Joanne Hart Mrs Constance Heales iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00783132 2023-12-31 00783132 2024-12-31 00783132 2024-01-01 2024-12-31 00783132 frs-core:CurrentFinancialInstruments 2024-12-31 00783132 frs-core:MotorVehicles 2024-12-31 00783132 frs-core:MotorVehicles 2024-01-01 2024-12-31 00783132 frs-core:MotorVehicles 2023-12-31 00783132 frs-core:PlantMachinery 2024-12-31 00783132 frs-core:PlantMachinery 2024-01-01 2024-12-31 00783132 frs-core:PlantMachinery 2023-12-31 00783132 frs-core:ShareCapital 2024-12-31 00783132 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 00783132 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00783132 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 00783132 frs-bus:SmallEntities 2024-01-01 2024-12-31 00783132 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00783132 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00783132 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-01 2024-12-31 00783132 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 00783132 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 00783132 frs-bus:Director1 2024-01-01 2024-12-31 00783132 frs-bus:Director2 2024-01-01 2024-12-31 00783132 frs-bus:Director3 2024-01-01 2024-12-31 00783132 frs-countries:EnglandWales 2024-01-01 2024-12-31 00783132 2022-12-31 00783132 2023-12-31 00783132 2023-01-01 2023-12-31 00783132 frs-core:CurrentFinancialInstruments 2023-12-31 00783132 frs-core:ShareCapital 2023-12-31 00783132 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 00783132 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: 00783132
Johnsons (Leigh) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
E. H. Taylors
203 London Road
Hadleigh
Benfleet
Essex
SS7 2RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00783132
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,571 25,027
Investment Properties 5 4,160,000 4,160,000
4,182,571 4,185,027
CURRENT ASSETS
Debtors 6 49,337 54,240
Cash at bank and in hand 429,706 436,552
479,043 490,792
Creditors: Amounts Falling Due Within One Year 7 (173,928 ) (102,551 )
NET CURRENT ASSETS (LIABILITIES) 305,115 388,241
TOTAL ASSETS LESS CURRENT LIABILITIES 4,487,686 4,573,268
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (577,113 ) (541,093 )
NET ASSETS 3,910,573 4,032,175
CAPITAL AND RESERVES
Called up share capital 9 150,000 150,000
Fair value reserve 10 3,033,904 3,070,323
Profit and Loss Account 726,669 811,852
SHAREHOLDERS' FUNDS 3,910,573 4,032,175
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Wendy Heales
Director
26th March 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Johnsons (Leigh) Limited Registered number 00783132 is a limited by shares company incorporated in England & Wales. The Registered Office is 203 London Road, Hadleigh, Benfleet, Essex, SS7 2RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The presentation currency is £ sterling.
2.2. Turnover
Turnover represents income from rents receivable.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
2.4. Investment Properties
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. 
Subsequent to initial recognition 
  1. investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in profit or loss in the period that they arise; and
  2. no depreciation is provided in respect of investment properties applying the fair value model. 
If a reliable measure is not available without undue cost or effort for an item of investment property, this item is thereafter accounted for as tangible fixed assets in accordance with section 17 until a reliable measure of fair value becomes available.
2.5. Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. 
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. 
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 
Debtors 
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. 
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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. 
...CONTINUED
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2.5. Financial Instruments - continued
Creditors 
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. 
Interest income 
Interest income is recognised in the Profit and Loss Account using the effective interest method. 
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
Deferred tax is provided on fair value adjustments to the investment properties through the income statement.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 4,675 33,282 37,957
Additions - 30,024 30,024
Disposals - (33,282 ) (33,282 )
As at 31 December 2024 4,675 30,024 34,699
Depreciation
As at 1 January 2024 4,609 8,321 12,930
Provided during the period 13 7,506 7,519
Disposals - (8,321 ) (8,321 )
As at 31 December 2024 4,622 7,506 12,128
Net Book Value
As at 31 December 2024 53 22,518 22,571
As at 1 January 2024 66 24,961 25,027
Page 4
Page 5
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 4,160,000
The freehold investment properties were valued at 21st November 2020 on the basis of market value by Alex Bunney Dip Surv M.R.I.C.S. The surplus arising from that revaluation was shown on the profit and loss account as other operating income and transferred, net of deferred tax, to the fair value reserve on the balance sheet in the year ended 31 December 2020.
Included in the investment properties shown at £4,160,000 are properties used in operating leases.
The historic cost of the investment properties shown at a valuation of £4,160,000 is £549,892.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 49,337 54,240
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 29,901 40,453
Corporation tax 60,045 47,636
Other taxes and social security 2,395 2,223
Other creditors 30,000 -
Accruals and deferred income 16,840 9,432
Directors' loan accounts 34,747 2,807
173,928 102,551
8. Deferred Taxation
The provision for deferred taxation is made up of the following;
Fair value adjustment £578,522 less accelerated capital allowances £1,409.
2024 2023
£ £
Other timing differences 577,113 541,093
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150,000 150,000
Page 5
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10. Reserves
Fair Value Reserve
£
As at 1 January 2024 3,070,323
Transfer to profit and loss (36,419 )
As at 31 December 2024 3,033,904
Profit and loss reserve
This shows the retained distributable profits for the company.
Fair value reserve
This contains the fair value adjustments, net of deferred tax, on the investment properties held by the company.
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