REGISTERED NUMBER: 11680648 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

JOHNNYGATE COTTAGES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N D Todd

REGISTERED OFFICE:

The Old Workshop

1 Ecclesall Road South

Sheffield

S11 9PA

REGISTERED NUMBER:

11680648 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Tangible assets

4

1,249

1,268

Investment property

5

1,350,000

1,500,000

1,351,249

1,501,268

CURRENT ASSETS

Cash at bank

1,352

1,668

CREDITORS

Amounts falling due within one year

6

694,991

692,909

NET CURRENT LIABILITIES

(693,639

)

(691,241

)

TOTAL ASSETS LESS CURRENT LIABILITIES

657,610

810,027

CREDITORS

Amounts falling due after more than one year

7

(2,084

)

(4,529

)

PROVISIONS FOR LIABILITIES

(122,038

)

(103,038

)

NET ASSETS

533,488

702,460

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

8

654,305

804,305

Retained earnings

(120,818

)

(101,846

)

533,488

702,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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 director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 June 2025 and were signed by:

N D Todd - Director

1.	STATUTORY INFORMATION

Johnnygate Cottages Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

1,828

Additions

398

At 31 December 2024

2,226

DEPRECIATION

At 1 January 2024

560

Charge for year

417

At 31 December 2024

977

NET BOOK VALUE

At 31 December 2024

1,249

At 31 December 2023

1,268

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,500,000

Revaluations

(150,000

)

At 31 December 2024

1,350,000

NET BOOK VALUE

At 31 December 2024

1,350,000

At 31 December 2023

1,500,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2019

542,305

Valuation in 2021

857,695

Valuation in 2023

100,000

Valuation in 2024

(150,000

)

1,350,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

2,445

2,384

Amounts owed to group undertakings

666,736

664,714

Other creditors

25,810

25,811

694,991

692,909

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

2,084

4,529

8.

RESERVES

Fair

value

reserve

£

At 1 January 2024

804,305

Revaluation

(150,000

)

At 31 December 2024

654,305

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N D Todd.