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REGISTERED NUMBER: 08022054 (England and Wales)


















John W M King Limited

Unaudited Financial Statements for the Period 1st April 2023 to 30th June 2024






John W M King Limited (Registered number: 08022054)






Contents of the Financial Statements
for the period 1st April 2023 to 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


John W M King Limited

Company Information
for the period 1st April 2023 to 30th June 2024







DIRECTOR: Mrs K King





REGISTERED OFFICE: Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA





REGISTERED NUMBER: 08022054 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

John W M King Limited (Registered number: 08022054)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 20,000 100,000
20,000 100,000

CURRENT ASSETS
Debtors 6 343,740 107,557
Cash at bank 4,480 83,000
348,220 190,557
CREDITORS
Amounts falling due within one year 7 76,573 6,953
NET CURRENT ASSETS 271,647 183,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,647

283,604

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 291,547 283,504
SHAREHOLDERS' FUNDS 291,647 283,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th June 2025 and were signed by:



Mrs K King - Director


John W M King Limited (Registered number: 08022054)

Notes to the Financial Statements
for the period 1st April 2023 to 30th June 2024

1. STATUTORY INFORMATION

John W M King 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.

Turnover
Turnover represents the fair value of a share of profit from BG Solicitors LLP.

Goodwill
Goodwill, being the amount paid in connection with the acquistion of an interest in BG Solicitors LLP, is classified as an asset on the balance sheet and amortised on a straight line basis over its estimated useful life of 5 years. Provision is made for any impairment.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Employment benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Going concern
Although the company has now ceased to trade, the accounts have been prepared on a historical cost basis as there would be no impact on any balance sheet values if the accounts had been prepared using an alternative method.

John W M King Limited (Registered number: 08022054)

Notes to the Financial Statements - continued
for the period 1st April 2023 to 30th June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 30th June 2024 100,000
AMORTISATION
At 1st April 2023
and 30th June 2024 100,000
NET BOOK VALUE
At 30th June 2024 -
At 31st March 2023 -

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
BG Solicitors LLP capital
account 20,000 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 343,740 107,557

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 75,229 6,203
Other creditors 1,344 750
76,573 6,953

John W M King Limited (Registered number: 08022054)

Notes to the Financial Statements - continued
for the period 1st April 2023 to 30th June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30th June 2024 and the year ended 31st March 2023:

2024 2023
£    £   
J W M King deceased
Balance outstanding at start of period 98,443 60,253
Amounts advanced 243,127 178,676
Amounts repaid (84,005 ) (140,486 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 257,565 98,443

The balance is repayable on demand, with the company charging 2.5% interest on the balance.