James Estates Co. Limited Filleted accounts for Companies House (small and micro)
James Estates Co. Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04859712
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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– |
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Creditors: amounts falling due within one year |
7 |
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--------- |
--------- |
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Net current liabilities |
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--------- |
--------- |
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Total assets less current liabilities |
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--------- |
-------- |
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Net assets |
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--------- |
-------- |
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Capital and reserves
Called up share capital |
8 |
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Profit and loss account |
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--------- |
-------- |
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Shareholders funds |
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--------- |
-------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
29 August 2022
, and are signed on behalf of the board by:
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Director |
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Company registration number:
04859712
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Notes to the Financial Statements |
Year ended 31 August 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hectors House, The Street, High Easter, Chelmsford, Essex, CM1 4QS, England.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Average number of employees
The average number of persons employed by the company during the year amounted to 2 (2020: 2).
5.
Tangible assets
Investment freehold property |
Plant and machinery |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 September 2020 and 31 August 2021 |
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------- |
--------- |
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Depreciation |
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At 1 September 2020 and 31 August 2021 |
– |
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--------- |
------- |
--------- |
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Carrying amount |
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At 31 August 2021 |
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– |
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------- |
--------- |
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At 31 August 2020 |
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– |
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------- |
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6.
Debtors
2021 |
2020 |
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£ |
£ |
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Other debtors |
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– |
------- |
---- |
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7.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Accruals and deferred income |
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– |
Corporation tax |
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– |
Director loan accounts |
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Amounts owed to related undertakings |
114,511 |
105,906 |
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8.
Called up share capital
Issued, called up and fully paid
2021 |
2020 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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9.
Related party transactions
At the year end the company owed its directors £410,761 (2020 - £439,668) which is shown amongst creditors. At the year end the company owed £114,511 (2020 - £105,906) to a related company in which the director has an interest in.