Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-312025-05-072024-02-01false68100 - Buying and selling of own real estate11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10589882 2024-02-01 2025-01-31 10589882 2023-02-01 2024-01-31 10589882 2025-01-31 10589882 2024-01-31 10589882 c:Director1 2024-02-01 2025-01-31 10589882 d:FurnitureFittings 2024-02-01 2025-01-31 10589882 d:FurnitureFittings 2025-01-31 10589882 d:FurnitureFittings 2024-01-31 10589882 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 10589882 d:FreeholdInvestmentProperty 2025-01-31 10589882 d:FreeholdInvestmentProperty 2024-01-31 10589882 d:FreeholdInvestmentProperty 2 2024-02-01 2025-01-31 10589882 d:CurrentFinancialInstruments 2025-01-31 10589882 d:CurrentFinancialInstruments 2024-01-31 10589882 d:Non-currentFinancialInstruments 2025-01-31 10589882 d:Non-currentFinancialInstruments 2024-01-31 10589882 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 10589882 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10589882 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 10589882 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 10589882 d:ShareCapital 2025-01-31 10589882 d:ShareCapital 2024-01-31 10589882 d:InvestmentPropertiesRevaluationReserve 2025-01-31 10589882 d:InvestmentPropertiesRevaluationReserve 2024-01-31 10589882 d:RetainedEarningsAccumulatedLosses 2025-01-31 10589882 d:RetainedEarningsAccumulatedLosses 2024-01-31 10589882 d:AcceleratedTaxDepreciationDeferredTax 2025-01-31 10589882 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 10589882 d:OtherDeferredTax 2025-01-31 10589882 d:OtherDeferredTax 2024-01-31 10589882 c:OrdinaryShareClass1 2024-02-01 2025-01-31 10589882 c:OrdinaryShareClass1 2025-01-31 10589882 c:OrdinaryShareClass1 2024-01-31 10589882 c:FRS102 2024-02-01 2025-01-31 10589882 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 10589882 c:FullAccounts 2024-02-01 2025-01-31 10589882 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 10589882 f:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10589882










JAMES TAYLOR LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2025

 
JAMES TAYLOR LIMITED
REGISTERED NUMBER: 10589882

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
707
884

Investment property
 5 
312,000
345,000

  
312,707
345,884

Current assets
  

Debtors: amounts falling due within one year
 6 
711
1,904

Cash at bank and in hand
 7 
6,418
4,295

  
7,129
6,199

Creditors: amounts falling due within one year
 8 
(49,398)
(54,485)

Net current liabilities
  
 
 
(42,269)
 
 
(48,286)

Total assets less current liabilities
  
270,438
297,598

Creditors: amounts falling due after more than one year
 9 
(225,995)
(225,995)

Provisions for liabilities
  

Deferred tax
 10 
(9,054)
(17,347)

  
 
 
(9,054)
 
 
(17,347)

Net assets
  
35,389
54,256


Capital and reserves
  

Called up share capital 
 11 
1
1

Investment property reserve
  
26,631
51,381

Profit and loss account
  
8,757
2,874

  
35,389
54,256


Page 1

 
JAMES TAYLOR LIMITED
REGISTERED NUMBER: 10589882

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J L Taylor
Director

Date: 7 May 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JAMES TAYLOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

James Taylor Limited is a private company limited by share capital and incorporated in England and Wales. The address of its registered office is 21 St. Johns Avenue, Waterlooville, PO7 5PJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for rent, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
JAMES TAYLOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Reducing Balance Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
JAMES TAYLOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.10

Financial instruments


The company only enters into basic financial instrument transactions that result in the recognition of financial assets and laibilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2025
        2024
            No.
            No.







Director
1
1


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 February 2024
2,061



At 31 January 2025

2,061



Depreciation


At 1 February 2024
1,177


Charge for the year on owned assets
177



At 31 January 2025

1,354



Net book value



At 31 January 2025
707



At 31 January 2024
884

Page 5

 
JAMES TAYLOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

5.


Investment property


Freehold investment property

£



Valuation


At 1 February 2024
345,000


Surplus on revaluation
(33,000)



At 31 January 2025
312,000

The 2025 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2025
2024
£
£


Historic cost
276,494
276,494

276,494
276,494


6.


Debtors

2025
2024
£
£


Trade debtors
-
970

Prepayments and accrued income
711
934

711
1,904



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
6,418
4,295

6,418
4,295


Page 6

 
JAMES TAYLOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

8.


Creditors: amounts falling due within one year

2025
2024
£
£

Trade creditors
122
93

Corporation tax
1,412
1,576

Other creditors
46,916
51,916

Accruals and deferred income
948
900

49,398
54,485



9.


Creditors: amounts falling due after more than one year

2025
2024
£
£

Bank loans
225,995
225,995

225,995
225,995


Page 7

 
JAMES TAYLOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

10.


Deferred taxation




2025


£






At beginning of year
(17,347)


Charged to profit or loss
8,293



At end of year
(9,054)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(177)
(221)

Tax on fair value movement
(8,877)
(17,126)

(9,054)
(17,347)


11.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



1 (2024 - 1) Ordinary share of £1.00
1
1



12.


Related party transactions

At the year end the company owed £46,916 (2024: £51,916) to James Taylor, the Director of the Company.


13.


Controlling party

The company was under the control of the director J L Taylor throughout the current and previous year by virtue of his beneficial interest in the entire issued share capital of the company.


Page 8