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Company No: 04061118 (England and Wales)

JSS (DORCHESTER) LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

JSS (DORCHESTER) LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

JSS (DORCHESTER) LIMITED

BALANCE SHEET

As at 30 April 2024
JSS (DORCHESTER) LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 3,474 2,770
Investments 5 0 2,563
3,474 5,333
Current assets
Debtors 6 152,795 207,450
Cash at bank and in hand 231 2,092
153,026 209,542
Creditors: amounts falling due within one year 7 ( 155,013) ( 187,587)
Net current (liabilities)/assets (1,987) 21,955
Total assets less current liabilities 1,487 27,288
Creditors: amounts falling due after more than one year 8 ( 10,833) ( 20,833)
Net (liabilities)/assets ( 9,346) 6,455
Capital and reserves
Called-up share capital 1,325 1,325
Share premium account 229,400 229,400
Fair value reserve 0 618
Capital redemption reserve 275 275
Profit and loss account ( 240,346 ) ( 225,163 )
Total shareholders' (deficit)/funds ( 9,346) 6,455

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of JSS (Dorchester) Limited (registered number: 04061118) were approved and authorised for issue by the Board of Directors on 10 July 2025. They were signed on its behalf by:

P A German-Ribon
Director
JSS (DORCHESTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
JSS (DORCHESTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JSS (Dorchester) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 47 South Street, Bridport, DT6 3NY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 - 19 years straight line
Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is now fully amortised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements not depreciated
Fixtures and fittings 8 years straight line
33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 May 2023 163,380 163,380
At 30 April 2024 163,380 163,380
Accumulated amortisation
At 01 May 2023 163,380 163,380
At 30 April 2024 163,380 163,380
Net book value
At 30 April 2024 0 0
At 30 April 2023 0 0

4. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Total
£ £ £
Cost
At 01 May 2023 3,088 15,337 18,425
Additions 0 2,000 2,000
At 30 April 2024 3,088 17,337 20,425
Accumulated depreciation
At 01 May 2023 3,088 12,567 15,655
Charge for the financial year 0 1,296 1,296
At 30 April 2024 3,088 13,863 16,951
Net book value
At 30 April 2024 0 3,474 3,474
At 30 April 2023 0 2,770 2,770

5. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 May 2023 2,563 2,563
Disposals ( 2,563) ( 2,563)
At 30 April 2024 0 0
Carrying value at 30 April 2024 0 0
Carrying value at 30 April 2023 2,563 2,563

6. Debtors

2024 2023
£ £
Trade debtors 4,980 84,711
Amounts owed by directors 117,149 93,718
Prepayments 0 625
Other debtors 30,666 28,396
152,795 207,450

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts (secured £ 89,739) 99,739 110,699
Trade creditors 13,954 24,630
Accruals and deferred income 15,266 19,199
Corporation tax 400 10,419
Other taxation and social security 2,955 3,959
Other creditors 22,699 18,681
155,013 187,587

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,833 20,833

Within bank loans is a balance of £20,833 relating to an outstanding amount due from a Coronavirus Business Interruption Loan Agreement (2023 - £30,833). The UK government has guaranteed 80% of the value of the loan.

Bank borrowings are secured by a debenture over the company assets and undertakings.

A personal guarantee of up to £135,588 has also been given for the company's bank borrowings and overdrafts by the directors.

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 4,492 25,792
between one and five years 1,230 2,214
5,722 28,006

10. Related party transactions

Transactions with the entity's directors

The Director's loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 May 2023, the balance owed by the director was £93,718. During the year, £76,097 was advanced to the director, and £52,666 was repaid by the director. At 30 April 2024, the balance owed by the director was £117,149.

At 1 May 2022, the balance owed by the director was £47,185. During the year, £52,281 was advanced to the director, and £5,748 was repaid by the director. At 30 April 2023, the balance owed by the director was £93,718.