J A Garner Associates Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

J A Garner Associates Ltd

Company Information

Director

J A Clay

Registered office

Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Registered Number

03989841

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

J A Garner Associates Ltd

(Registration number: 03989841)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,083	1,354
Investment property	5	280,000	325,000
Investments	6	934,827	933,663
		1,215,910	1,260,017
Current assets
Debtors	7	626	670
Cash at bank and in hand		31,641	105,658
		32,267	106,328
Creditors: Amounts falling due within one year	8	(93,507)	(136,743)
Net current liabilities		(61,240)	(30,415)
Total assets less current liabilities		1,154,670	1,229,602
Provisions for liabilities		(2,333)	(3,659)
Net assets		1,152,337	1,225,943
Capital and reserves
Called up share capital		100	100
Retained earnings		1,152,237	1,225,843
Shareholders' funds		1,152,337	1,225,943

J A Garner Associates Ltd

(Registration number: 03989841)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 December 2025
 

......................................... J A Clay Director

J A Garner Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

These financial statements were authorised for issue by the director on 3 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

J A Garner Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class	Depreciation method and rate
Fixtures and fittings	20% - 25% 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.

Valuation of investments
Investments whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

J A Garner Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

J A Garner Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2024	3,761	3,761
At 31 March 2025	3,761	3,761
Depreciation
At 1 April 2024	2,407	2,407
Charge for the year	271	271
At 31 March 2025	2,678	2,678
Carrying amount
At 31 March 2025	1,083	1,083
At 31 March 2024	1,354	1,354

5	Investment properties

	2025 £
At 1 April 2024	325,000
Fair value adjustments	(45,000)
At 31 March 2025	280,000

The fair value of the investment properties has been arrived at by a valuation by the directors at their open market value at 31 March 2025 based on similar properties.

The historical cost of the investment property is £177,016 (2024 - £177,016).

J A Garner Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6	Fixed assets investments

	Other investments £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	933,663	933,663
Revaluations	35,164	35,164
Disposals	(34,000)	(34,000)
At 31 March 2025	934,827	934,827
Carrying amount
At 31 March 2025	934,827	934,827
At 31 March 2024	933,663	933,663

The historical cost of the fixed asset investments is £816,000 (2024 - £850,000).

7

Debtors

	2025 £	2024 £
Prepayments	626	665
Other debtors	-	5
	626	670

8

Creditors

Due within one year	Note	2025 £	2024 £
Trade creditors		60	60
Amounts owed to group undertakings	9	73,681	99,879
Taxation and social security		14,531	-
Accruals and deferred income		4,465	3,340
Other creditors		770	33,464
		93,507	136,743

 

J A Garner Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Related party transactions

Loans from related parties

2025	Key management £	Total £
At start of period	33,459	33,459
Advanced	296	296
Repaid	(33,748)	(33,748)
At end of period	7	7

2024	Key management £	Total £
At start of period	548	548
Advanced	33,862	33,862
Repaid	(951)	(951)
At end of period	33,459	33,459

Terms of loans from related parties

The loan from key management is interest free and repayable on demand.