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Registration number: 01395092

John Makepeace (Designs) Limited

Annual Report and Unaudited Financial Statements Year Ended 31 March 2025

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Chartered Accountants

 

John Makepeace (Designs) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

John Makepeace (Designs) Limited

Company Information

Directors

Mr J Makepeace

Mrs J Makepeace

Company secretary

Mr J Makepeace

Registered office

3 Whitcombe Road
Beaminster
Dorset
DT8 3NB

Accountants

Edwards and Keeping Limited
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
John Makepeace (Designs) Limitedfor the 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 accounts of John Makepeace (Designs) Limited for the year ended 31 March 2025 as set out on pages 3 to 6 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/regulation.

This report is made solely to the Board of Directors of John Makepeace (Designs) Limited, as a body, in accordance with the terms of our engagement letter dated 16 July 2025. Our work has been undertaken solely to prepare for your approval the accounts of John Makepeace (Designs) Limited and state those matters that we have agreed to state to the Board of Directors of John Makepeace (Designs) 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 Makepeace (Designs) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that John Makepeace (Designs) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of John Makepeace (Designs) Limited. You consider that John Makepeace (Designs) 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 accounts of John Makepeace (Designs) 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 accounts.






Edwards and Keeping Limited
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

23 July 2025

 

John Makepeace (Designs) Limited

(Registration number: 01395092)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

1,650,000

1,585,086

Current assets

 

Debtors

5

55,242

15,999

Cash at bank and in hand

 

254,764

118,814

 

310,006

134,813

Creditors: Amounts falling due within one year

6

(1,691,459)

(1,680,374)

Net current liabilities

 

(1,381,453)

(1,545,561)

Net assets

 

268,547

39,525

Capital and reserves

 

Called up share capital

7

60

60

Profit and loss account

268,487

39,465

Shareholders' funds

 

268,547

39,525

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 July 2025 and signed on its behalf by:
 



Mr J Makepeace
Company secretary and director

 

John Makepeace (Designs) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Whitcombe Road
Beaminster
Dorset
DT8 3NB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises rent receivable for the year.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

John Makepeace (Designs) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0). There are 2 (2024 2) company directors.

4

Investment properties

2025
£

At 1 April

1,585,086

Fair value adjustments

64,914

At 31 March

1,650,000

The investment property is valued at fair value at the end of the accounting period. The valuation was prepared by J Makepeace, Director.

There has been no valuation of investment property by an independent valuer.

5

Debtors

2025
£

2024
£

Trade debtors

14,412

-

Prepayments

8,933

8,047

Other debtors

31,897

7,952

55,242

15,999

 

John Makepeace (Designs) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and overdrafts

8

600,000

600,000

Taxation and social security

 

56,883

21,500

Accruals and deferred income

 

1,800

1,237

Other creditors

 

1,032,776

1,057,637

 

1,691,459

1,680,374

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A shares of £1 each

30

30

30

30

Ordinary B shares of £1 each

30

30

30

30

60

60

60

60

8

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

600,000

600,000

9

Related party transactions

Summary of transactions with entities with joint control or significant interest

At 31st March 2025, John Makepeace (Designs) Limited owed John Makepeace Limited (a company under common control) £131,139 (2025 £131,139). This is an interest free loan.