Johns' Yard Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11009861 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2020 TO 31 MARCH 2021

FOR

JOHNS' YARD LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

664

272

Investment property

5

9,303,421

7,774,402

9,304,085

7,774,674

CURRENT ASSETS

Debtors

6

34,947

5,348

Cash at bank and in hand

144,320

52,666

179,267

58,014

CREDITORS

Amounts falling due within one year

7

290,842

111,004

NET CURRENT LIABILITIES

(111,575

)

(52,990

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,192,510

7,721,684

CREDITORS

Amounts falling due after more than one year

8

(4,179,500

)

(2,809,500

)

PROVISIONS FOR LIABILITIES

(126

)

(52

)

NET ASSETS

5,012,884

4,912,132

CAPITAL AND RESERVES

Called up share capital

10

3,240,002

3,240,002

Share premium

1,571,400

1,571,400

Retained earnings

201,482

100,730

SHAREHOLDERS' FUNDS

5,012,884

4,912,132

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2021.

The members have not required the Company to obtain an audit of its financial statements for the period ended 31 March 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2021 and were signed on its behalf by:

J A Blake - Director

1.	STATUTORY INFORMATION

Johns' Yard Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11009861

Registered office:

Ratoath House

Hazelwood Close

Storrington

West Sussex

RH20 3HX

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2020

340

Additions

575

At 31 March 2021

915

DEPRECIATION

At 1 May 2020

68

Charge for period

183

At 31 March 2021

251

NET BOOK VALUE

At 31 March 2021

664

At 30 April 2020

272

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2020

7,774,402

Additions

1,529,019

At 31 March 2021

9,303,421

NET BOOK VALUE

At 31 March 2021

9,303,421

At 30 April 2020

7,774,402

Fair value at 31 March 2021 is represented by:

£

Valuation in 2021

9,303,421

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

30.4.20

£

£

Other debtors

34,947

5,348

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

30.4.20

£

£

Bank loans and overdrafts (see note 9)

140,000

80,000

Amounts owed to connected undertakings

2,328

-

Taxation and social security

23,679

23,577

Other creditors

124,835

7,427

290,842

111,004

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

30.4.20

£

£

Bank loans (see note 9)

4,179,500

2,809,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

3,619,500

2,489,500

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.21

30.4.20

£

£

Amounts falling due within one year or on demand:

Bank loan 783490/2

140,000

80,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

140,000

80,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

420,000

240,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

3,619,500

2,489,500

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

30.4.20

value:

£

£

3,240,002

Ordinary

£1

3,240,002

3,240,002

11.	RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

31.3.21

30.4.20

£

£

Amounts owed by/(to) J A Blake (Director)

(100,000

)

-

Amounts owed by/(to) J Eager (Director)

(600

)

-

Amounts owed by/(to) ASA Consortium Ltd (Connected undertakings)

(2,328

)

-

Connected Undertakings:

A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.