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REGISTERED NUMBER: 00594362 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

John Surtees Limited

John Surtees Limited (Registered number: 00594362)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Surtees Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs L D Martell-Surtees
Mrs J A Surtees
Mrs E A Surtees





REGISTERED OFFICE: Buckmore Park Kart Circuit
Maidstone Road
Chatham
ME5 9QG





REGISTERED NUMBER: 00594362 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

John Surtees Limited (Registered number: 00594362)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 58,387 64,862
Investments 5 20,000 20,000
Investment property 6 3,310,000 3,310,000
3,388,387 3,394,862

CURRENT ASSETS
Stocks 305,500 305,500
Debtors 7 158,037 146,297
Cash at bank 1,273,736 1,244,743
1,737,273 1,696,540
CREDITORS
Amounts falling due within one year 8 175,778 141,878
NET CURRENT ASSETS 1,561,495 1,554,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,949,882

4,949,524

PROVISIONS FOR LIABILITIES 13,618 11,665
NET ASSETS 4,936,264 4,937,859

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 1,677,228 1,677,228
Retained earnings 3,258,036 3,259,631
4,936,264 4,937,859

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

John Surtees Limited (Registered number: 00594362)

Balance Sheet - continued
30 September 2024


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 Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:




Mrs J A Surtees - Director Mrs L D Martell-Surtees - Director




Mrs E A Surtees - Director


John Surtees Limited (Registered number: 00594362)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

John Surtees 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 15% on cost
Fixtures and fittings - 33% on reducing balance and 15% on cost
Motor vehicles - 15% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

John Surtees Limited (Registered number: 00594362)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 250,059 44,332 62,822 31,723 388,936
Disposals - - (2,788 ) - (2,788 )
At 30 September 2024 250,059 44,332 60,034 31,723 386,148
DEPRECIATION
At 1 October 2023 188,516 44,237 61,843 29,478 324,074
Charge for year 5,001 95 483 599 6,178
Eliminated on disposal - - (2,491 ) - (2,491 )
At 30 September 2024 193,517 44,332 59,835 30,077 327,761
NET BOOK VALUE
At 30 September 2024 56,542 - 199 1,646 58,387
At 30 September 2023 61,543 95 979 2,245 64,862

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 October 2023
and 30 September 2024 20,000
NET BOOK VALUE
At 30 September 2024 20,000
At 30 September 2023 20,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 3,310,000
NET BOOK VALUE
At 30 September 2024 3,310,000
At 30 September 2023 3,310,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2023 335,000
Valuation in 2020 849,562
Valuation in 2016 135,000
Valuation in 2015 357,666
Cost 1,632,772
3,310,000

John Surtees Limited (Registered number: 00594362)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 65,843 395
Other debtors 92,194 145,902
158,037 146,297

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 9,039 9,230
Taxation and social security 41,486 9,932
Other creditors 125,253 122,716
175,778 141,878

9. REVALUATION RESERVE
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 1,677,228