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Registration number: 00477028

James Duncan Investments Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2025

 

James Duncan Investments Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

James Duncan Investments Limited

Company Information

Directors

K J D Richardson

C D Richardson

T D D Richardson

J D J Richardson

Registered office

76 Bridgford Road
West Bridgford
Nottingham
NG2 6AX

Accountants

9ine
Chartered Accountants76 Bridgford Road
West Bridgford
Nottingham
NG2 6AX

 

James Duncan Investments Limited

(Registration number: 00477028)
Abridged Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

173,756

173,756

Other financial assets

5

397,200

340,800

 

570,956

514,556

Current assets

 

Cash at bank and in hand

 

18,279

20,333

Prepayments and accrued income

 

462

386

Creditors: Amounts falling due within one year

(4,062)

(4,149)

Net current assets

 

14,679

16,570

Total assets less current liabilities

 

585,635

531,126

Provisions for liabilities

(69,511)

(55,412)

Accruals and deferred income

 

(769)

(733)

Net assets

 

515,355

474,981

Capital and reserves

 

Called up share capital

10,000

10,000

Revaluation reserve

274,215

231,914

Retained earnings

231,140

233,067

Shareholders' funds

 

515,355

474,981

 

James Duncan Investments Limited

(Registration number: 00477028)
Abridged Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 31 March 2025 and signed on its behalf by:



 

.........................................

K J D Richardson
Director

 

James Duncan Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
76 Bridgford Road
West Bridgford
Nottingham
NG2 6AX

These financial statements were authorised for issue by the Board on 31 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of accommodation in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

James Duncan Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment properties

Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4 Investment properties

2025
£

At 31 January

173,756

The Directors considered the value of the properties at the year end and no revaluation was considered necessary.

 

James Duncan Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

5

Other financial assets

2025
£

2024
£

Fixed asset investments

Market value of listed investments

397,200

340,800