Company Registration No. 11403845 (England and Wales)
CJS3 LTD
Unaudited financial statements
for the year ended 30 March 2024
Pages for filing with the registrar
CJS3 LTD
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
CJS3 LTD
Statement of financial position
As at 30 March 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
134,006
63,756
Investment property
5
2,500,000
2,000,000
2,634,006
2,063,756
Current assets
Debtors
6
88,682
77,871
Cash at bank and in hand
5,408
3,222
94,090
81,093
Creditors: amounts falling due within one year
7
(1,638,955)
(1,066,592)
Net current liabilities
(1,544,865)
(985,499)
Total assets less current liabilities
1,089,141
1,078,257
Creditors: amounts falling due after more than one year
8
(1,430,000)
(1,340,000)
Net liabilities
(340,859)
(261,743)
Capital and reserves
Called up share capital
360
360
Revaluation reserve
404,203
189,832
Profit and loss reserves
(745,422)
(451,935)
Total equity
(340,859)
(261,743)

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

CJS3 LTD
Statement of financial position (continued)
As at 30 March 2024
2
The financial statements were approved by the board of directors and authorised for issue on 30 April 2025 and are signed on its behalf by:
C J Shenton
Director
Company Registration No. 11403845
CJS3 LTD
Statement of changes in equity
For the year ended 30 March 2024
3
Share capital
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 April 2022
360
-
0
(147,387)
(147,027)
Year ended 30 March 2023:
Loss and total comprehensive income
-
-
(304,548)
(304,548)
Increase in fair value of investment property
-
189,832
-
189,832
Balance at 30 March 2023
360
189,832
(451,935)
(261,743)
Year ended 30 March 2024:
Loss and total comprehensive income
-
-
(293,487)
(293,487)
Other movements
-
214,371
-
214,371
Balance at 30 March 2024
360
404,203
(745,422)
(340,859)
CJS3 LTD
Notes to the financial statements
For the year ended 30 March 2024
4
1
Accounting policies
Company information

CJS3 LTD is a private company limited by shares incorporated in England and Wales. The registered office is 3 Oxford Court, Manchester, M2 3WQ, England.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% Reducing balance
Fixtures and fittings
33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

CJS3 LTD
Notes to the financial statements (continued)
For the year ended 30 March 2024
1
Accounting policies (continued)
5

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CJS3 LTD
Notes to the financial statements (continued)
For the year ended 30 March 2024
1
Accounting policies (continued)
6
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
CJS3 LTD
Notes to the financial statements (continued)
For the year ended 30 March 2024
7
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023
68,208
Additions
98,464
At 30 March 2024
166,672
Depreciation and impairment
At 1 April 2023
4,452
Depreciation charged in the year
28,214
At 30 March 2024
32,666
Carrying amount
At 30 March 2024
134,006
At 30 March 2023
63,756
5
Investment property
2024
£
Fair value
At 1 April 2023
2,000,000
Additions
285,629
Revaluations
214,371
At 30 March 2024
2,500,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 28 February 2024 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

 

The property has been secured against a charge to Sue Ryder on 06 December 2021.

 

The property has also been secured against a charge to PMJ Capital Limited on 06 December 2021.

CJS3 LTD
Notes to the financial statements (continued)
For the year ended 30 March 2024
8
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
68,000
65,004
Other debtors
20,682
12,867
88,682
77,871

Included within other debtors is £3,249 (2023: £3,249) due from other related parties, as detailed in the related party note.

 

7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
152,562
11,342
Amounts owed to group undertakings
74,118
55,010
Taxation and social security
1,296,049
888,481
Other creditors
116,226
111,759
1,638,955
1,066,592

Included within other creditors is £113,259 (2023: £109,414) due from other related parties, as detailed in the related party note.

8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,430,000
1,340,000

The loans included in Bank Loans and overdrafts above are secured by way of a fixed charge over the investment property.

CJS3 LTD
Notes to the financial statements (continued)
For the year ended 30 March 2024
9
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

 

The below figures represent outstanding amounts owed to / due from companies with the same management. The amounts have been included in debtors / creditors as appropriate.

Purchases
Purchases
2024
2023
£
£
Other related parties
-
100,911
2024
2023
Amounts due to related parties
£
£
Entities over which the entity has control, joint control or significant influence
74,118
55,010
Other related parties
113,259
109,414

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Entities over which the entity has control, joint control or significant influence
68,000
65,003
Other related parties
3,249
3,249
10
Directors' transactions

The director's loan account balances are included within other debtors at the year end. No interest is charged and the loans are repayable on demand.

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Directors loan account
-
9,618
2,034
11,652
9,618
2,034
11,652
2024-03-302023-03-31false30 April 2025CCH SoftwareCCH Accounts Production 2024.210No description of principal activityC J ShentonG L HaroldG L Haroldfalsefalse114038452023-03-312024-03-30114038452024-03-30114038452023-03-3011403845core:OtherPropertyPlantEquipment2024-03-3011403845core:OtherPropertyPlantEquipment2023-03-3011403845core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3011403845core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3011403845core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3011403845core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3011403845core:CurrentFinancialInstruments2024-03-3011403845core:CurrentFinancialInstruments2023-03-3011403845core:ShareCapital2024-03-3011403845core:ShareCapital2023-03-3011403845core:RevaluationReserve2024-03-3011403845core:RevaluationReserve2023-03-3011403845core:RetainedEarningsAccumulatedLosses2024-03-3011403845core:RetainedEarningsAccumulatedLosses2023-03-3011403845core:ShareCapital2022-03-3111403845core:RevaluationReserve2022-03-3111403845core:RetainedEarningsAccumulatedLosses2022-03-3111403845bus:Director12023-03-312024-03-3011403845core:RetainedEarningsAccumulatedLosses2022-04-012023-03-30114038452022-04-012023-03-3011403845core:RetainedEarningsAccumulatedLosses2023-03-312024-03-3011403845core:PlantMachinery2023-03-312024-03-3011403845core:FurnitureFittings2023-03-312024-03-3011403845core:OtherPropertyPlantEquipment2023-03-3011403845core:OtherPropertyPlantEquipment2023-03-312024-03-30114038452023-03-3011403845core:WithinOneYear2024-03-3011403845core:WithinOneYear2023-03-3011403845core:Non-currentFinancialInstruments2024-03-3011403845core:Non-currentFinancialInstruments2023-03-3011403845bus:PrivateLimitedCompanyLtd2023-03-312024-03-3011403845bus:SmallCompaniesRegimeForAccounts2023-03-312024-03-3011403845bus:FRS1022023-03-312024-03-3011403845bus:AuditExemptWithAccountantsReport2023-03-312024-03-3011403845bus:Director22023-03-312024-03-3011403845bus:CompanySecretary12023-03-312024-03-3011403845bus:FullAccounts2023-03-312024-03-30xbrli:purexbrli:sharesiso4217:GBP