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Company registration number: 01292804
J L Buttle Holdings Ltd
Unaudited filleted financial statements
30 September 2024
J L Buttle Holdings Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
J L Buttle Holdings Ltd
Directors and other information
Director S.J. Buttle
Secretary J.W.Buttle
Company number 01292804
Registered office Office 1 Riverside Court
24 Lower Southend Road
Wickford
SS11 8AW
Business address Outwood Riding Centre
Outwood Farm Road
Billericay
CM11 2TX
Accountants Hill Allen (Wickford) Ltd
Office 1 Riverside Court
24 Lower Southend Road
Wickford
SS11 8AW
Bankers Barclays Bank plc
9 High Street
Grays
RM17 6NL
J L Buttle Holdings Ltd
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 119,407 119,000
_______ _______
119,407 119,000
Current assets
Debtors 5 89,410 808,351
Cash at bank and in hand 857,118 153,181
_______ _______
946,528 961,532
Creditors: amounts falling due
within one year 6 ( 1,981) ( 3,845)
_______ _______
Net current assets 944,547 957,687
_______ _______
Total assets less current liabilities 1,063,954 1,076,687
_______ _______
Net assets 1,063,954 1,076,687
_______ _______
Capital and reserves
Called up share capital 100 100
Fair value reserve 14,010 14,010
Profit and loss account 1,049,844 1,062,577
_______ _______
Shareholders funds 1,063,954 1,076,687
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 May 2025 , and are signed on behalf of the board by:
S.J. Buttle
Director
Company registration number: 01292804
J L Buttle Holdings Ltd
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Office 1 Riverside Court, 24 Lower Southend Road, Wickford, SS11 8AW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset. No depreciation is provided on freehold land.
Fittings fixtures and equipment - 33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 October 2023 119,000 1,880 120,880
Additions - 607 607
_______ _______ _______
At 30 September 2024 119,000 2,487 121,487
_______ _______ _______
Depreciation
At 1 October 2023 - 1,880 1,880
Charge for the year - 200 200
_______ _______ _______
At 30 September 2024 - 2,080 2,080
_______ _______ _______
Carrying amount
At 30 September 2024 119,000 407 119,407
_______ _______ _______
At 30 September 2023 119,000 - 119,000
_______ _______ _______
Investment property
Investment properties are carried at open market valuations compiled by the director.
5. Debtors
2024 2023
£ £
Trade debtors 1,381 2,226
Other debtors 88,029 806,125
_______ _______
89,410 808,351
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors - 13
Corporation tax - 1,881
Social security and other taxes 31 31
Other creditors 1,950 1,920
_______ _______
1,981 3,845
_______ _______
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
S.J. Buttle - 7,831 7,831
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
S.J. Buttle - - -
_______ _______ _______
The director S J Buttle received various advances during the period, these being repaid with interest after the year end.
8. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2024 2023 2024 2023
£ £ £ £
River Investments Ltd - 13,506 - 725,914
_______ _______ _______ _______
The company advance to an associate, River Investments Ltd was repaid in full during the period.
9. Controlling party
The company is controlled SJ Buttle by virtue of her shareholding.