J. Gibbs Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 00334988

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		252

			-		252
CURRENT ASSETS
Debtors	5	156,090		5,719
Cash at bank and in hand		569,897		772,059

		725,987		777,778
Creditors: Amounts Falling Due Within One Year	6	(397,559 )		(411,010 )

NET CURRENT ASSETS (LIABILITIES)			328,428		366,768

TOTAL ASSETS LESS CURRENT LIABILITIES			328,428		367,020

NET ASSETS			328,428		367,020

CAPITAL AND RESERVES
Called up share capital	7		221,493		221,493
Capital redemption reserve			11,067		11,067
Income Statement			95,868		134,460

SHAREHOLDERS' FUNDS			328,428		367,020

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J. Gibbs Limited

Statement of Financial Position (continued)

As At 31 December 2024

For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Deborah Gee Director	Edward Gibbs Director
29/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

J. Gibbs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00334988 . The registered office is 6 The Maltings, Green Lane, Appledore, Devon, EX39 1QZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover relates to rental income recognised on a straight-line basis over the lease term.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	39,814	188	40,002

As at 31 December 2024	39,814	188	40,002

Depreciation
As at 1 January 2024	39,562	188	39,750
Provided during the period	252	-	252

As at 31 December 2024	39,814	188	40,002

Net Book Value
As at 31 December 2024	-	-	-

As at 1 January 2024	252	-	252

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J. Gibbs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	149,394	1,524
Other debtors	6,696	4,195

	156,090	5,719

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	100,626	117,289
Other creditors	182,445	180,119
Taxation and social security	114,488	113,602

	397,559	411,010

7. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
29,008 Ordinary A shares of £ 1.00 each	29,008	29,008
192,485 Ordinary B shares of £ 1.00 each	192,485	192,485

	221,493	221,493

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	156,458	390,000
Later than one year and not later than five years	380,000	441,458
Later than five years	308,750	403,750

	845,208	1,235,208

9. Related Party Transactions

During the year the Company paid rent of £390,000 (2023: £390,000) to Gibbs Family Properties Limited, a company in which the directors have a material interest.

Included within creditors is an amount of £97,500 (2023: £97,500) owed to Gibbs Family Properties Limited, a company in which the directors have a material interest.

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