Company registration number 07794995 (England and Wales)
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,367,264
1,172,317
Current assets
Stocks
3,000
3,000
Debtors
4
21,543
39,090
Cash at bank and in hand
71,212
104,488
95,755
146,578
Creditors: amounts falling due within one year
5
(475,574)
(184,658)
Net current liabilities
(379,819)
(38,080)
Total assets less current liabilities
987,445
1,134,237
Creditors: amounts falling due after more than one year
6
(172,415)
(698,150)
Provisions for liabilities
(3,259)
(4,427)
Net assets
811,771
431,660
Capital and reserves
Called up share capital
100
100
Revaluation reserve
350,544
Profit and loss reserves
461,127
431,560
Total equity
811,771
431,660
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2024
31 October 2024
- 2 -
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 Companies Act 2006 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.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 25 July 2025 and are signed on its behalf by:
Mr D Ralley
Director
Company registration number 07794995 (England and Wales)
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information
St Johns House (Staffordshire) Limited is a private company limited by shares incorporated in England and Wales. The registered office is St Johns House, 28 St John Street, Lichfield, Staffordshire, England, WS13 6PB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised on the completion of the service being provided.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings
2% on cost
Leasehold improvements
5% on cost
Fixtures and fittings
20% on cost
Motor vehicles
20% on cost
1.4
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.5
Taxation
Taxation for the year comprises current and deferred tax. tax is recognised in the income statement, 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
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.
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -
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 differences.
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.
1.6
Retirement benefits
The company operates a defined contributions pension scheme. Contributions payable to the company's pensions scheme are charged to the profit or loss in the period to which they relate.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
17
15
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 November 2023
1,508,350
186,504
1,694,854
Additions
4,000
4,000
Disposals
(168,210)
(168,210)
Revaluation
350,544
350,544
At 31 October 2024
1,690,684
190,504
1,881,188
Depreciation and impairment
At 1 November 2023
358,883
163,654
522,537
Depreciation charged in the year
9,597
9,597
Eliminated in respect of disposals
(18,210)
(18,210)
At 31 October 2024
340,673
173,251
513,924
Carrying amount
At 31 October 2024
1,350,011
17,253
1,367,264
At 31 October 2023
1,149,467
22,850
1,172,317
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
3
Tangible fixed assets
(Continued)
- 5 -
Land and buildings with a carrying amount of £1,350,000 were revalued at 28 November 2023 by Lambert Smith Hampton, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.
The revaluation surplus is disclosed in note 11.
The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:
Land and buildings
2024
2023
£
£
Cost
999,467
999,467
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
14,879
20,057
Other debtors
6,664
19,033
21,543
39,090
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
339,275
74,117
Trade creditors
7,540
10,642
Taxation and social security
24,514
36,568
Other creditors
104,245
63,331
475,574
184,658
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
172,415
498,150
Other creditors
200,000
172,415
698,150