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REGISTERED NUMBER: 12207459 (England and Wales)















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: Mr J A Carey
Mr G W Eveleigh





REGISTERED OFFICE: 42 Heol Y Bryn
Rhiwbina
Cardiff
CF14 6HY





REGISTERED NUMBER: 12207459 (England and Wales)

J J Theobald Limited (Registered number: 12207459)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 550,000 460,000

CURRENT ASSETS
Debtors 5 179 148
Cash at bank and in hand 10,500 4,508
10,679 4,656
CREDITORS
Amounts falling due within one year 6 64,976 41,671
NET CURRENT LIABILITIES (54,297 ) (37,015 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

495,703

422,985

CREDITORS
Amounts falling due after more than one
year

7

(290,000

)

(290,000

)

PROVISIONS FOR LIABILITIES (56,709 ) (31,864 )
NET ASSETS 148,994 101,121

CAPITAL AND RESERVES
Called up share capital 3 3
Fair value reserve 9 170,126 112,971
Retained earnings (21,135 ) (11,853 )
SHAREHOLDERS' FUNDS 148,994 101,121

J J Theobald Limited (Registered number: 12207459)

Balance Sheet - continued
30th September 2024


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

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

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 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 Income Statement and Directors' Report has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th June 2025 and were signed on its behalf by:





Mr G W Eveleigh - Director


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 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 as modified by the revaluation of certain assets.

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 460,000
Additions 8,000
Revaluations 82,000
At 30th September 2024 550,000
NET BOOK VALUE
At 30th September 2024 550,000
At 30th September 2023 460,000

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 179 148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,000 -
Other creditors 40,976 41,671
64,976 41,671

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 290,000 290,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 290,000 290,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 290,000 290,000

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 112,971
Inv Property Revaluation 57,155

At 30th September 2024 170,126

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).