| REGISTERED NUMBER: |
| Financial Statements |
| for the Period |
| 1 April 2024 to 31 December 2024 |
| for |
| Johnson Partners Limited |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Period |
| 1 April 2024 to 31 December 2024 |
| for |
| Johnson Partners Limited |
| Johnson Partners Limited (Registered number: 04993611) |
| Contents of the Financial Statements |
| for the Period 1 April 2024 to 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Johnson Partners Limited |
| Company Information |
| for the Period 1 April 2024 to 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditors |
| Chartered Accountants |
| 3 Kingfisher Court |
| Bowesfield Park |
| Stockton on Tees |
| TS18 3EX |
| Johnson Partners Limited (Registered number: 04993611) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2024 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Johnson Partners Limited (Registered number: 04993611) |
| Notes to the Financial Statements |
| for the Period 1 April 2024 to 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Johnson Partners Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The company has changed its accounting reference period from 31 March to 31 December in order to bring the accounting reference period in line with its group members. The comparative figures therefore shown in these financial statements are not entirely comparable as they represent 12 months trading to 31 March 2024 compared to 9 months trading to 31 December 2024. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Johnson Partners Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| 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 |
| Freehold property | - |
| Office equipment, fixtures & fittings | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| Johnson Partners Limited (Registered number: 04993611) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2024 to 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Debtors and creditors receivable/payable |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses. |
| Impairment |
| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. |
| 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.If an arrangement constitutes a finance transaction it is measured at present value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Office |
| equipment, |
| Freehold | fixtures |
| property | & fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 March 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2024 |
| Impairments | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 March 2024 |
| Johnson Partners Limited (Registered number: 04993611) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2024 to 31 December 2024 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| The investment in the subsidiary of £100 has been written off as an active proposal to strike off the company has been lodged at Companies House. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Taxation |
| Deferred tax asset | 1,542 | 7,099 |
| VAT |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| VAT | - | 351 |
| Other creditors |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2024 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 73,041 | 54,229 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2024 |
| £ | £ |
| Bank loans |
| The bank loans are secured by a charge over the company's freehold property and a fixed and floating charge over all assets of the company. |
| Johnson Partners Limited (Registered number: 04993611) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2024 to 31 December 2024 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2024 |
| value: | £ | £ |
| Ordinary A | 10p | 100 | 100 |
| Ordinary B | 10p | 17 | 17 |
| 117 | 117 |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 12. | OTHER FINANCIAL COMMITMENTS |
| Total financial commitments which are not included in the balance sheet amount to £3,420 (Year Ended 31 March 2024 - £4,104) relating to amounts payable under operating leases. |
| 13. | RELATED PARTY DISCLOSURES |
| On 8 February 2024 100% of the share capital of the company was purchased by Casper Logistics Limited. During the period the company received further loan advances from Casper Logistics Limited of £82,273 (year ended 31 March 2024 - £19,882). At the period end there was a balance due to Casper Logistics Limited of £102,155 (year ended 31 March 2024 - £19,882). The company also received a loan from Casper Shipping Limited of £496 during the period. These amounts are shown in group creditors. |
| During the prior year the company charged rent to Cargo Exchange Limited, a 100% subsidiary of the company, in the sum of £20. At the prior year end the balance due from Cargo Exchange Limited of £43,594 was written off as it was assessed that it would not be recoverable. |
| 14. | PARENT UNDERTAKING |
| The immediate parent company is Casper Logistics Limited and the ultimate parent company is Casper Shipping Holdings Limited. These financial statements are included in the consolidated financial statements of Casper Shipping Holdings Limited. The parent's and the ultimate parent's registered office address is Tees Wharf, Dockside Road, Middlesbrough TS3 6AH. |