Registered number: 00734683 (England and Wales)

 

 

 

 

 

 

 

 

 

 

J. P. R. (1994) LIMITED

 

UNAUDITED FINANCIAL STATEMENTS

 

FOR THE YEAR ENDED

 

31 DECEMBER 2024

J. P. R. (1994) LIMITED

CONTENTS 0F THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

 

 

Page

 

 

Company information

3

 

 

Directors report

4

 

 

Profit and loss account

5

 

 

Balance sheet

6 - 7

 

 

Notes to the financial statements

8 - 13

J. P. R. (1994) LIMITED

COMPANY INFORMATION

YEAR ENDED 31 DECEMBER 2024

 

Directors

Mr A J Ruhleman

 

Mr P Ruhleman

 

Mrs M B Ruhleman

 

Mrs D E Ruhleman

 

 

 

 

Secretary

Mr P Ruhleman

 

 

 

 

Registered office

Pitt Arches

 

Raleigh Road

 

Barnstaple

 

Devon

 

EX31 4HY

 

 

 

 

Registered number

00734683 (England and Wales)

J. P. R. (1994) LIMITED

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2024

 

The directors present their annual report and the financial statements for the year ended 31 December 2024.

 

Principal activities

The principal activities of the company continued to be that of the sale of fuel and property rental.

 

Directors

The directors of the company who held office during the year and up to the date of signing these financial statements were:

 

Mr A J Ruhleman

Mr P Ruhleman

Mrs M B Ruhleman

Mrs D E Ruhleman

 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption under the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

 

By order and on behalf of the board:

 

 

 

 

Mr P Ruhleman

Director and secretary

 

Date 30 July 2025

J. P. R. (1994) LIMITED

INCOME STATEMENT/PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

 

 

2023

2024

 

£

£

 

 

 

Turnover

449,451

505,032

 

 

 

Cost of sales

(435,349)

(497,467)

 

Gross profit

14,102

7,565

 

 

 

Administrative expenses

(72,983)

(78,663)

Other operating income

 

 

Rents received

75,742

79,107

Sundry income

174

125

 

Operating profit

17,035

8,134

 

 

 

Interest receivable and similar income

1,533

1,532

 

Profit before taxation

18,568

9,666

 

 

 

Tax on profit

(2,703)

(931)

 

 

 

Profit for the financial year

15,865

8,735

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The notes form part of these financial statements

J. P. R. (1994) LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024

 

Company registration number 00734683

 

 

Notes

2024

2023

FIXED ASSETS

 

 

 

 

 

Tangible fixed assets

5

7,756

 

8,931

 

Investment properties

6

1,105,000

 

1,105,000

 

 

 

 

1,112,756

 

1,113,931

CURRENT ASSETS

 

 

 

 

 

Stocks

 

410

 

830

 

Debtors

7

47,002

 

63,895

 

Cash at bank and in hand

 

81,622

 

69,791

 

 

 

129,034

 

134,516

 

Creditors: amounts falling

 

 

 

 

 

due within one year

8

(43,150)

 

(65,448)

 

 

 

 

 

 

 

NET CURRENT ASSETS

 

 

85,884

 

69,068

 

 

 

 

 

 

TOTAL ASSETS LESS

CURRENT LIABILITIES

 

 

1,198,640

 

1,182,999

 

 

 

 

 

 

Provisions for liabilities

11

 

(47,566)

 

(47,790)

 

 

 

 

 

 

 

 

 

 

 

 

NET ASSETS

 

 

1,151,074

 

1,135,209

 

 

 

 

 

 

CAPITAL AND RESERVES

 

 

 

 

 

Called up share capital

12

 

55,200

 

55,200

Share premium account

13

 

6,350

 

6,350

Profit and loss reserves

13

 

1,089,524

 

1,073,659

 

 

 

 

 

 

Total equity

 

 

1,151,074

 

1,135,209

 

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024, relating to small companies. The directors confirm the company qualifies for this exemption on the grounds that it is below the limits for turnover and balance sheet total mentioned in Section 477(4) of the Act and qualifies as small in accordance with Section 382(1) to (6) of the Act because it is below the limits in Section 382 of the Act.

 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

 

The directors acknowledge their responsibilities for:

(a)     ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)     preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

J. P. R. (1994) LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024

 

Company registration number 00734683

 

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

 

The financial statements were approved and authorised for issue by the Board of Directors on 30 July 2025 and were signed on its behalf by:

 

 

 

 

 

 

 

 

A J Ruhleman - Director

Company registration number 00734683

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

 

(1)     STATUTORY INFORMATION

J. P. R. (1994) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 00734683 and the registered office address is Pitt Arches, Raleigh Road, Barnstaple, Devon EX31 4HY.

 

The presentation currency of the financial statements is the Pound Sterling (£).

 

(2)     STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the Financial Reporting Standard 102 (FRS 102) ''The Financial Reporting Standard applicable in the U K and Republic of Ireland'' including the provisions of Section 1A 'Small Entities'' and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of FRS 102 (S 1A) have been applied except where additional disclosure is needed to show a true and fair view.

 

(3)     ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets to fair value.

 

Going concern

The financial statements cover this company as an individual entity. Rounding is to the nearest Pound (£). The financial statements have been prepared on a going concern basis. The directors have considered the financial position of the company for the twelve months from the date of approving these financial statements and consider the going concern basis is appropriate.

true

 

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amount reported for assets and liabilities at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The judgements and estimates having had the most significant effect on any amounts, such as the revalued investment properties by the directors, the depreciation of fixed assets, bad debts on debtors, and accruals in creditors; are recognised in the financial statements in the year they are discovered.

 

Turnover and revenue recognition

Turnover represents the net invoiced sales of goods and services, excluding value added tax, and is derived from the ordinary activities. Revenue is recognised when an invoice has been raised for the fuel sold or for the period the rent is due.

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

 

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its expected useful life:

Plant and machinery

20% on reducing balance

Fixtures and fittings

20% on reducing balance

Motor vehicles

25% on reducing balance

 

Computer equipment included in plant and machinery is depreciated over 3 years on cost. Any gain or loss arising on the disposal of an asset is credited or charged to the profit and loss account. At the balance sheet date the directors review the assets for any impairment losses and provide for these losses where necessary in the profit and loss account.

 

Investment property

No depreciation is charged on investment properties as they are held at fair value in accordance with FRS 102 (Section 1A).

 

This represents a departure from the requirements of the Companies Act 2006, however this method of valuation is deemed to be appropriate as:

a) management has concluded that the financial statements present fairly the entity's financial position, financial performance and cash flows.

b) it has complied with applicable legislation, except that it has departed from a particular requirement of applicable legislation to achieve fair presentation.

c) to comply with the Companies Act 2006 a depreciation charge would be required against investment properties which would conflict with the objective of the financial statements set out in FRS 102 (Section 1A).

 

Any changes to the fair value is transferred to the Profit and Loss Reserve. Depreciation or Amortisation is only one of the many factors reflected in the valuation and the amount of depreciation which might have been charged cannot be separately identified or quantified.

 

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

 

Financial instruments

Financial instruments are defined as a contract which gives rise to a financial asset in one entity and a financial liability or equity instrument in another entity. Basic financial instruments are classified under section 11 of FRS 102 and are held at amortised cost. These include bank and cash in hand, all creditors, all debtors, and other non-complicated loans when applicable.

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

 

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. Taxable profit differs from the net profit as reported in the profit and loss account because this includes items of expenditure which are not tax deductible. Current or deferred taxation assets and liabilities are not discounted. 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.

 

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 difference. 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.

 

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

 

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash at bank, deposits held at the bank and other short term investments.

If the bank were overdrawn at the year end this would be shown separately within current liabilities.

 

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which these are taken or paid.

 

Equity instruments

Equity instruments of share capital and share premium are recorded at the proceeds when they were received by the company. When dividends are declared by the company they are recognised as liabilities of the company until paid to the shareholders.

 

(4)     EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5) Directors remuneration for the year is £8,400 (2023 £8,400)

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

 

(5)     TANGIBLE FIXED ASSETS

 

Plant and

Fixtures and

Motor

Totals

 

Machinery

Fittings

vehicles

 

 

£

£

£

£

COST

 

 

 

 

At 1 January 2024

41,940

7,529

12,196

61,665

Additions

799

 

 

799

At 31 December 2024

42,739

7,529

12,196

62,464

 

 

 

 

 

DEPRECIATION

 

 

 

 

At 1 January 2024

35,053

5,722

11,959

52,734

Charge for the year

1,553

362

59

1,974

At 31 December 2024

36,606

6,084

12,018

54,708

 

 

 

 

 

NET BOOK VALUE

 

 

 

 

At 31 December 2024

6,133

1,445

178

7,756

 

 

 

 

 

At 31 December 2023

6,887

1,807

237

8,931

 

(6)     INVESTMENT PROPERTY

 

 

Total

 

£

FAIR VALUE

 

At 1 January 2024

1,105,000

At 31 December 2024

1,105,000

NET BOOK VALUE

 

At 31 December 2024

1,105,000

At 31 December 2023

1,105,000

 

 

Fair value at 31 December 2024 is represented by:

 

Valuation in 2009

891,866

Valuation in 2010

50,000

Valuation in 2018

(200,000)

Valuation in 2021

8,272

Valuation in 2022

13,000

Cost

341,862

 

1,105,000

 

If investment properties had not been revalued they would have been included at the following historic cost:

 

 

2024

2023

Cost

341,862

341,862

 

Investment properties were valued on an open market basis on 31 December 2024 by the directors of this company. Investment properties comprise freehold property of £215,574 and long leasehold properties of £126,288. The directors have valued the investment properties at their considered open market value and have reviewed that open market value at 31 December 2024 and consider the current valuation shown is at fair value.

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

 

(7)     DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

 

 

2024

2023

Trade debtors

42,791

59,377

Prepayments

4,211

4,518

 

 

 

 

47,002

63,895

 

(8)     CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

 

 

2024

2023

Trade creditors

28,002

48,192

Corporation tax

2,927

853

Social security and other taxes

479

2,854

Directors current accounts

2,132

1,352

Accruals and deferred income

9,610

12,197

 

 

 

 

43,150

65,448

 

(9)     LEASING AGREEMENTS

 

Minimum lease payments under non-cancellable operating leases fall due as follows:

 

 

2024

2023

Within one year

36,950

36,950

Between one and five years

147,800

147,800

In more than five years

1,625,800

1,662,750

 

1,810,550

1,847,500

 

The leasing agreements consist of operating leases on properties with leases of 49 years still remaining to the expiry date.

 

(10)     FINANCIAL INSTRUMENTS

All financial instruments of all debtors, cash at bank and in hand and all creditors are shown at cost.

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

 

(11) PROVISIONS FOR LIABILITIES

 

2024

2023

 

£

£

Deferred tax

47,566

47,790

 

 

 

Balance at 1 January 2024

47,790

47,712

Movement in deferred tax

 

 

capital allowances

(224)

78

investment property

0

0

Balance at 31 December 2024

47,566

47,790

 

(12)     CALLED UP SHARE CAPITAL

 

 

2024

2023

 

 

 

Allotted, issued and fully paid:

 

 

ordinary £1 shares

55,200

55,200

 

(13)     RESERVES

 

Retained

Share

Totals

 

earnings

Premium

 

 

£

£

£

 

 

 

 

At 1 January 2024

1,073,659

6,350

1,080,009

Profit for the year

15,865

 

15,865

Dividends

0

 

0

At 31 December 2024

1,089,524

6,350

1,095,874

 

At the balance sheet date retained earnings included an aggregate of un-distributable profits relating to the revaluation of investment properties totalling £770,975 (2023 £770,975)

 

(14)     RELATED PARTY DISCLOSURES

 

During the year, and for the 2023 year, no dividends were paid to the shareholders. At the balance sheet date the company owed a director £2,132 (2023 - £1,352) No interest is charged on any balances outstanding. During the year the company was controlled by Mr and Mrs A J Ruhleman and Mr and Mrs P Ruhleman, its directors and major shareholders equally.