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M.J. Timms and Son Limited
Financial Statements
For The Year Ended 31 December 2024
M.J. Timms and Son Limited
Contents
Contents

| Page
--- | ---
Accountants' Report | 1
Statement of Financial Position | 2—3
Notes to the Financial Statements | 4—5

Page 1
M.J. Timms and Son Limited
Accountants' Report
For The Year Ended 31 December 2024
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of M.J. Timms and Son Limited For The Year Ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M.J. Timms and Son Limited For The Year Ended 31 December 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of M.J. Timms and Son Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of M.J. Timms and Son Limited and state those matters that we have agreed to state to the director of M.J. Timms and Son Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M.J. Timms and Son Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that M.J. Timms and Son Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of M.J. Timms and Son Limited . You consider that M.J. Timms and Son Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of M.J. Timms and Son Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

27 October 2025

Cooper Adams Ltd
Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
Page 1
Page 2
M.J. Timms and Son Limited
Statement of Financial Position
As At 31 December 2024
Statement of Financial Position
Registered number: 02256200

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible assets | 4 |  | 495,000 |  | 495,000
|  |  | 495,000 |  | 495,000
CURRENT ASSETS
Debtors |  | 138,137 |  | 130,112 |
Cash at bank and in hand |  | 10,090 |  | 10,968 |
|  | 148,227 |  | 141,080 |
Creditors: Amounts Falling Due Within One Year |  | (29,401 ) |  | (26,080 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 118,826 |  | 115,000
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 613,826 |  | 610,000
PROVISIONS FOR LIABILITIES
Deferred taxation |  |  | (31,233 ) |  | (31,233 )
NET ASSETS |  |  | 582,593 |  | 578,767
CAPITAL AND RESERVES
Called up share capital | 5 |  | 15 |  | 15
Income Statement |  |  | 582,578 |  | 578,752
SHAREHOLDERS' FUNDS |  |  | 582,593 |  | 578,767

Page 2
Page 3
M.J. Timms and Son 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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

Mr Andrew Timms Director
27 October 2025

The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
M.J. Timms and Son Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
M.J. Timms and Son Limited Registered number 02256200 is a limited by shares company incorporated in England & Wales. The Registered Office is 12 Payton Street, Stratford upon Avon, Warwickshire, CV37 6UA.
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, excluding discounts, rebates, value added tax and other sales tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
M.J. Timms and Son Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible assets

| Investment properties
--- | ---
| £
Cost or Valuation
As at 1 January 2024 | 495,000
As at 31 December 2024 | 495,000
Net Book Value
As at 31 December 2024 | 495,000
As at 1 January 2024 | 495,000

Cost or valuation as at 31 December 2024 represented by:

| Investment properties
--- | ---
| £
At cost | 330,622
At valuation | 164,378
| 495,000

Investment property was valued on an open market basis.
5. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 15 |  | 15

6. Reserves
Reserves include £133,145 (2023: £133,145) of undistributable reserves that arose as a result of investment property revaluation.
Page 5