J.butterfield & Co.(Holdings)Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00217696 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2019

FOR

J.BUTTERFIELD & CO.(HOLDINGS)LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss B A Shuttleworth

SECRETARY:

J A Baty

REGISTERED OFFICE:

Baty Casson Long

Windsor House

Cornwall Road

Harrogate

North Yorkshire

HG1 2PW

REGISTERED NUMBER:

00217696 (England and Wales)

ACCOUNTANTS:

Baty Casson Long

Windsor House

Cornwall Road

Harrogate

North Yorkshire

HG1 2PW

FIXED ASSETS

Investments

4

776,300

733,409

CURRENT ASSETS

Debtors

5

6,767

-

Cash at bank

32,866

44,435

39,633

44,435

CREDITORS

Amounts falling due within one year

6

10,000

16,619

NET CURRENT ASSETS

29,633

27,816

TOTAL ASSETS LESS CURRENT LIABILITIES

805,933

761,225

PROVISIONS FOR LIABILITIES

97,382

84,486

NET ASSETS

708,551

676,739

CAPITAL AND RESERVES

Called up share capital

7

50,000

50,000

Fair value reserve

8

415,154

360,175

Retained earnings

8

243,397

266,564

SHAREHOLDERS' FUNDS

708,551

676,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 21 May 2019 and were signed by:

Miss B A Shuttleworth - Director

1.	STATUTORY INFORMATION

J.butterfield & Co.(Holdings)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.

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.

Investments

Investments held as fixed assets are stated at market value. Dividends received are accounted for as soon as

they become payable and are reported as 'Income from fixed asset investments' in the profit and loss account.

Capital gains realised during the accounting period on the sale of investments are reported as 'Other operating

income'.

The excess of market value over cost of investments is transferred to a fair value reserve, after provision for

corporation tax at the prevailing rate. The provision for tax on the unrealised gains is provided as a non-current

liability in the balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 6 April 2018

733,409

Additions

54,576

Disposals

(43,112

)

Revaluations

31,427

At 5 April 2019

776,300

NET BOOK VALUE

At 5 April 2019

776,300

At 5 April 2018

733,409

Cost or valuation at 5 April 2019 is represented by:

Other

investments

£

Valuation in 2019

776,300

The market value of fixed asset investments at the year end was £776,300 (2018: £733,409).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.19

5.4.18

£

£

Other debtors

6,767

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.19

5.4.18

£

£

Tax

-

6,619

Accruals and deferred income

10,000

10,000

10,000

16,619

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.19

5.4.18

value:

£

£

50,000

Ordinary shares

5p

50,000

50,000

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 6 April 2018

266,564

360,175

626,739

Profit for the year

33,281

33,281

Dividends

(20,000

)

(20,000

)

Unrealised gains on investment

(36,448

)

54,979

18,531

At 5 April 2019

243,397

415,154

658,551

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss B A Shuttleworth.