| Johnston Works Limited |
| Registered number: |
04799118 |
| Statement of Financial Position |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
1,000,000 |
|
|
1,000,000 |
|
| Current assets |
| Debtors |
4 |
|
27,901 |
|
|
9,645 |
| Cash at bank and in hand |
|
|
87,027 |
|
|
83,135 |
|
|
|
114,928 |
|
|
92,780 |
|
| Creditors: amounts falling due within one year |
5 |
|
(83,109) |
|
|
(78,182) |
|
| Net current assets |
|
|
|
31,819 |
|
|
14,598 |
|
| Total assets less current liabilities |
|
|
|
1,031,819 |
|
|
1,014,598 |
|
|
| Provisions for liabilities |
|
|
|
(111,704) |
|
|
(111,704) |
|
|
| Net assets |
|
|
|
920,115 |
|
|
902,894 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Capital redemption |
|
|
|
(24,679) |
|
|
(24,679) |
| Profit and loss account |
|
|
|
944,793 |
|
|
927,572 |
|
| Shareholder's funds |
|
|
|
920,115 |
|
|
902,894 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. |
| The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The director's report and statement of income and retained earnings have not been delivered to the Registrar of Companies. |
|
|
|
| K Johnston |
| Director |
| Approved by the board on 27 February 2026 |
|
| Johnston Works Limited |
| Notes to the Financial Statements |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services of specialised design activities. Turnover is recognised in the financial statements in the period the services are provided. |
|
|
Investments property |
|
The investment property relates to property held for commercial rental purposes. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 January 2025 |
1,000,000 |
|
|
At 31 December 2025 |
1,000,000 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
10,131 |
|
9,645 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Rent deposit |
13,497 |
|
13,343 |
|
Trade creditors |
- |
|
1,800 |
|
Advance rental income |
|
14,573 |
|
14,573 |
|
Taxation and social security costs |
17,894 |
|
14,844 |
|
Other creditors |
37,145 |
|
33,622 |
|
|
|
|
|
|
83,109 |
|
78,182 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Johnston Works Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Studio 26 |
|
214 Bermondsey Street |
|
London |
|
SE1 3TQ |