J.J. Saunders Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00951360 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

J.J. SAUNDERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I J Saunders

Mrs J K Saunders

B J Saunders

REGISTERED OFFICE:

Old Down Farm

Emborough

Radstock

Somerset

BA3 4SA

REGISTERED NUMBER:

00951360 (England and Wales)

ACCOUNTANTS:

PG Owen Limited

Chartered Accountants

124 High Street

Midsomer Norton

Bath

Avon

BA3 2DA

FIXED ASSETS

Tangible assets

4

1,355,322

1,327,680

Investment property

5

3,924,651

5,279,973

5,252,331

CURRENT ASSETS

Debtors

6

769,266

888,404

Cash at bank

877

5,799

770,143

894,203

CREDITORS

Amounts falling due within one year

7

183,426

262,810

NET CURRENT ASSETS

586,717

631,393

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,866,690

5,883,724

CREDITORS

Amounts falling due after more than one
year

8

(1,079,255

)

(1,135,295

)

PROVISIONS FOR LIABILITIES

(440,456

)

(434,553

)

NET ASSETS

4,346,979

4,313,876

CAPITAL AND RESERVES

Called up share capital

295,800

Revaluation reserve

9

445,635

Capital redemption reserve

4,200

Retained earnings

3,601,344

3,568,241

4,346,979

4,313,876

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 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.

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 Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:

I J Saunders - Director

1.	STATUTORY INFORMATION

J.J. Saunders 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.

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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

33% on reducing balance

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 January 2024

1,228,537

874,330

102,010

1,880

2,206,757

Additions

-

497

84,500

-

84,997

Disposals

-

(68,792

)

-

(68,792

)

At 31 December 2024

1,228,537

874,827

117,718

1,880

2,222,962

DEPRECIATION

At 1 January 2024

-

808,981

68,666

1,430

879,077

Charge for year

-

9,877

19,813

148

29,838

Eliminated on disposal

-

(41,275

)

-

(41,275

)

At 31 December 2024

-

818,858

47,204

1,578

867,640

NET BOOK VALUE

At 31 December 2024

1,228,537

55,969

70,514

302

1,355,322

At 31 December 2023

1,228,537

65,349

33,344

450

1,327,680

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

3,924,651

NET BOOK VALUE

At 31 December 2024

3,924,651

At 31 December 2023

3,924,651

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

28,706

23,269

Other debtors

626,032

590,967

Directors' current accounts

114,528

274,168

769,266

888,404

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

76,095

86,524

Hire purchase contracts

9,833

7,807

Trade creditors

26,566

40,511

Tax

3,785

11,177

Social security and other taxes

2,316

1,967

Other creditors

26,322

76,837

Directors' current accounts

447

882

Accrued expenses

38,062

37,105

183,426

262,810

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 1-2 years

1,019,504

1,102,044

Hire purchase contracts

59,751

33,251

1,079,255

1,135,295

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

445,635

10.	RELATED PARTY DISCLOSURES

The company has charged interest at the official rate on the overdrawn Directors loan accounts.

During the year the company charged a management fee of £80,000 (2023: £100,000) to Mendip Self Storage Limited, a company under common control.