| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30th September 2024 |
| for |
| J J Theobald Limited |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30th September 2024 |
| for |
| J J Theobald Limited |
| J J Theobald Limited (Registered number: 12207459) |
| Contents of the Financial Statements |
| for the Year Ended 30th September 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| J J Theobald Limited |
| Company Information |
| for the Year Ended 30th September 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| J J Theobald Limited (Registered number: 12207459) |
| Balance Sheet |
| 30th September 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| J J Theobald Limited (Registered number: 12207459) |
| Balance Sheet - continued |
| 30th September 2024 |
| The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
| J J Theobald Limited (Registered number: 12207459) |
| Notes to the Financial Statements |
| for the Year Ended 30th September 2024 |
| 1. | STATUTORY INFORMATION |
| J J Theobald Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement and Directors' Report, 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 year 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| J J Theobald Limited (Registered number: 12207459) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th September 2024 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st October 2023 |
| Additions |
| Revaluations | 82,000 |
| At 30th September 2024 |
| NET BOOK VALUE |
| At 30th September 2024 |
| At 30th September 2023 |
| The investment properties were valued on an open market basis as at 30th September 2024 by the directors. |
| Fair value at 30th September 2024 is represented by: |
| £ |
| Valuation in 2020 | 71,682 |
| Valuation in 2021 | 20,000 |
| Valuation in 2022 | 40,000 |
| Valuation in 2023 | 13,153 |
| Valuation in 2024 | 82,000 |
| Cost | 323,165 |
| 550,000 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Other creditors |
| J J Theobald Limited (Registered number: 12207459) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th September 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Other loans more 5yrs non-inst |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Other loans |
| The investment properties held by the company are charged by way of a legal mortgage as security for the borrowings. |
| 9. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1st October 2023 |
| Inv Property Revaluation | 57,155 |
| At 30th September 2024 |
| The movement in the revaluation reserve includes a provision for deferred tax should the investment |
| properties be disposed of at their fair value as at 30th September 2024. |
| 10. | RELATED PARTY DISCLOSURES |
| Mrs J Eveleigh, the spouse of a director and shareholder of the company, loaned the company the sum of £110,000 in February 2023 at the rate of 1% above the base rate of the Bank of England per annum. |
| Mr J Carey, a director and shareholder of the company and his son, provided building services to the company on normal trading terms totalling £30,000 during the year (2023 £19,645). |