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Company registration number: 04693799
John Molson Limited
Unaudited filleted financial statements
31 March 2025
John Molson Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
John Molson Limited
Directors and other information
Directors Mr John Molson
Mrs Julie Molson
Company number 04693799
Registered office Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
John Molson Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of John Molson Limited
Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Molson Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of John Molson Limited, as a body, in accordance with the terms of our engagement letter dated 23 December 2024. Our work has been undertaken solely to prepare for your approval the financial statements of John Molson Limited and state those matters that we have agreed to state to the board of directors of John Molson Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Molson Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that John Molson Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of John Molson Limited. You consider that John Molson Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of John Molson Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
17 July 2025
John Molson Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 318,001 326,001
_______ _______
318,001 326,001
Current assets
Cash at bank and in hand 2,282 4,650
_______ _______
2,282 4,650
Creditors: amounts falling due
within one year 6 ( 237,001) ( 244,148)
_______ _______
Net current liabilities ( 234,719) ( 239,498)
_______ _______
Total assets less current liabilities 83,282 86,503
_______ _______
Net assets 83,282 86,503
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 7 83,182 86,403
_______ _______
Shareholders funds 83,282 86,503
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge 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 statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 17 July 2025 , and are signed on behalf of the board by:
Mr John Molson
Director
Company registration number: 04693799
John Molson Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.
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 services rendered.
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.
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 as follows:
Investment property - See the investment property policy note
Fittings fixtures and equipment - Straight line over 3 years
Computer equipment - Straight line over 3 years
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, being property held to earn rentals or for capital appreciation or both, 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.If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to property, plant and equipment and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Investment property Fixtures, fittings and equipment Computer equipment Total
£ £ £ £
Cost or valuation
At 1 April 2024 326,000 11,237 2,214 339,451
Revaluation ( 8,000) - - ( 8,000)
_______ _______ _______ _______
At 31 March 2025 318,000 11,237 2,214 331,451
_______ _______ _______ _______
Depreciation
At 1 April 2024 and 31 March 2025 - 11,237 2,213 13,450
_______ _______ _______ _______
Carrying amount
At 31 March 2025 318,000 - 1 318,001
_______ _______ _______ _______
At 31 March 2024 326,000 - 1 326,001
_______ _______ _______ _______
The investment property was revalued by a director at 31 March 2025 at open market value. The original cost of the asset, which includes the cost of the asset plus associated legal costs when the asset was acquired is £254,201.
6. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 298 -
Other creditors 236,703 244,148
_______ _______
237,001 244,148
_______ _______
7. Reserves
£63,799 of the reserve is non-distributable since it arises from the revaluation of the investment property.
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr John Molson ( 242,875) - 7,000 ( 235,875)
_______ _______ _______ _______
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr John Molson ( 247,436) ( 4,174) 8,735 ( 242,875)
_______ _______ _______ _______