John Charles Property Investments Ltd - Accounts to registrar (filleted) - small 23.2.5
John Charles Property Investments Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 March 2023 |
| for |
| JOHN CHARLES PROPERTY INVESTMENTS LTD |
| JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| JOHN CHARLES PROPERTY INVESTMENTS LTD |
| Company Information |
| for the Year Ended 31 March 2023 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 42 Lytton Road |
| Barnet |
| Hertfordshire |
| EN5 5BY |
| JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892) |
| Balance Sheet |
| 31 March 2023 |
| 31.3.23 | 31.3.22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 11 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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. |
| 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 and authorised for issue on |
| JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2023 |
| 1. | STATUTORY INFORMATION |
| John Charles Property Investments Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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 |
| JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Motor | Computer |
| property | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2022 |
| Disposals | ( |
) | ( |
) |
| At 31 March 2023 |
| DEPRECIATION |
| At 1 April 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 31 March 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Other loans (see note 8) |
| Trade creditors |
| Amounts owed to group undertakings |
| Social security and other taxes |
| VAT | - | 6,025 |
| Other creditors |
| Directors' current accounts | 38,759 | 7,594 |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Bank loans (see note 8) |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2023 |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Bank loans |
| Other loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst | 4,155,946 | 4,176,580 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Bank loans |
| Bank loans | 4,187,011 | 4,176,932 |
| Bank loans are secured against freehold properties and stock held by the company. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.23 | 31.3.22 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 April 2022 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 March 2023 | ( |
) |
| JOHN CHARLES PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05091892) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2023 |
| 12. | RELATED PARTY DISCLOSURES |
| At the balance sheet date, included in debtors due within one year is £1,094,459 (2022 : £2,049,597) due from Gareth Bertram Ltd, and £734,186 (2022 : £540,686) due from The Landlords Pension Ltd, £5,781,430 (2022 : £5,728,430) from GB Contractors, £185,891 (2022 : £159,298) from GB Property portfolio. |
| At the balance sheet date, included in creditors due within one year is £86,051 (2022 : £86,051) due to AFB Property Investment, and £1,080,400 (2022 : £487,830) due to GB Commercial Limited |
| The above companies are related by common ownership and shareholding by the director. |
| As at the balance sheet date, included in creditors due within one year is £38,759 (2022 : £7,594) due and payable to the director. The amount is interest free and repayable on demand. |