J Butcher & Sons Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00687725 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

J Butcher & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G C Butcher

P J Butcher

SECRETARY:

G C Butcher

REGISTERED OFFICE:

c/o Ency Associates

Printware Court

Cumberland Business Centre

Portsmouth

Hampshire

PO5 1DS

REGISTERED NUMBER:

00687725 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Tangible assets

4

26,156

29,164

Investment property

5

2,380,000

2,380,000

2,406,156

2,409,164

CURRENT ASSETS

Debtors

6

1,066

1,276

Cash at bank and in hand

200,341

249,465

201,407

250,741

CREDITORS

Amounts falling due within one year

7

126,918

108,841

NET CURRENT ASSETS

74,489

141,900

TOTAL ASSETS LESS CURRENT LIABILITIES

2,480,645

2,551,064

PROVISIONS FOR LIABILITIES

73,201

73,855

NET ASSETS

2,407,444

2,477,209

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,406,444

2,476,209

SHAREHOLDERS' FUNDS

2,407,444

2,477,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 7 November 2019 and were signed on its behalf by:

G C Butcher - Director

P J Butcher - Director

1.	STATUTORY INFORMATION

J Butcher & Sons 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable in respect of rental income from the investment properties

owned.

Tangible fixed assets

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

Freehold property

-

2% on reducing balance

Boats and equipment

-

10% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% 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.

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 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Boats and

Fixtures

Motor

property

equipment

& fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2018

and 31 March 2019

25,000

30,480

5,096

44,970

105,546

DEPRECIATION

At 1 April 2018

10,513

24,834

4,069

36,966

76,382

Charge for year

290

564

153

2,001

3,008

At 31 March 2019

10,803

25,398

4,222

38,967

79,390

NET BOOK VALUE

At 31 March 2019

14,197

5,082

874

6,003

26,156

At 31 March 2018

14,487

5,646

1,027

8,004

29,164

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

2,380,000

NET BOOK VALUE

At 31 March 2019

2,380,000

At 31 March 2018

2,380,000

Fair value at 31 March 2019 is represented by:

£

Valuation in 2007

317,907

Valuation in 2010

100,000

Valuation in 2013

100,000

Valuation in 2014

591,643

Valuation in 2015

101,049

Cost

1,169,401

2,380,000

If the investment properties had not been revalued they would have been included at the following

historical cost:

31.3.19

31.3.18

£

£

Cost

1,169,401

1,169,401

Aggregate depreciation

(328,666

)

(305,278

)

The investment properties were valued on an open market basis on 31 March 2018 by Mr G C Butcher, director

.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

1,066

1,276

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

1,744

2,657

Taxation and social security

2,953

4,732

Other creditors

122,221

101,452

126,918

108,841

8.	ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the current and previous year.