Registered number:
FOR THE YEAR ENDED
J. P. R. (1994) LIMITED
CONTENTS O F THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
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Company information |
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Directors report |
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Profit and loss account |
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Balance sheet |
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Notes to the financial statements |
7 - 12 |
J. P. R. (1994) LIMITED
COMPANY INFORMATION
YEAR ENDED 31 DECEMBER 2021
Directors |
Mr
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Mr P Ruhleman |
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Mrs
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Mrs
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Secretary |
Mr
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Registered office |
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Registered number |
00734683 (England and Wales) |
J. P. R. (1994) LIMITED
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2021
The directors present their annual report and the financial statements for the year ended 31 December 2021.
Principal activities
Directors
The directors of the company who held office during the year and up to the date of signing these financial statements were:
Mr A J Ruhleman
Mr P Ruhleman
Mrs M B Ruhleman
Mrs D E Ruhleman
By order and on behalf of the board:
Mr P Ruhleman
Director and secretary
Date
J. P. R. (1994) LIMITED
INCOME STATEMENT/PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
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2021 |
2020 |
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£ |
£ |
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Turnover |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Other operating income |
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Operating profit |
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Interest receivable and similar income |
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Profit before taxation |
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Tax on profit |
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Profit for the financial year |
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The notes form part of these financial statements
J. P. R. (1994) LIMITED
BALANCE SHEET
AS AT
Company registration number 00734683
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Notes |
2021 |
2020 |
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FIXED ASSETS |
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Tangible fixed assets |
5 |
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Investment properties |
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CURRENT ASSETS |
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Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Provisions for liabilities |
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NET ASSETS |
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CAPITAL AND RESERVES |
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Called up share capital |
12 |
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Share premium account |
13 |
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Profit and loss reserves |
13 |
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Total equity |
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The directors acknowledge their responsibilities for:
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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. |
J. P. R. (1994) LIMITED
BALANCE SHEET (continued)
AS AT 31 DECEMBER 2021
Company registration number 00734683
The financial statements were approved and authorised for issue by
A J Ruhleman - Director
Company registration number 00734683
J. P. R. (1994) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
(1) STATUTORY INFORMATION
J. P. R. (1994) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 00734683 and the registered office address is Pitt Arches, Raleigh Road, Barnstaple, Devon EX31 4HY.
(2) STATEMENT OF COMPLIANCE
(3) ACCOUNTING POLICIES
Basis of preparing the financial statements
Going concern
The financial statements cover this company as an individual entity. Rounding is to the nearest Pound (£).
Significant judgements and estimates
Turnover and revenue recognition
Tangible fixed assets
Plant and machinery |
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Fixtures and fittings |
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Motor vehicles |
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J. P. R. (1994) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2021
(3) ACCOUNTING POLICIES (continued)
Tangible fixed assets (continued)
Computer equipment included in plant and machinery is depreciated over
Any gain or loss arising on the disposal of an asset is credited or charged to the profit and loss account. At the balance sheet date the directors review the assets for any impairment losses and provide for these losses where necessary in the profit and loss account.
Investment property
No depreciation is charged on investment properties as they are held at fair value in accordance with FRS 102 (Section 1A).
This represents a departure from the requirements of the Companies Act 2006,
however this method of valuation is deemed to be appropriate as:
a) |
management has concluded that the financial statements present fairly the entity's financial position, financial performance and cash flows. |
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it has complied with applicable legislation, except that it has departed from a particular requirement of applicable legislation to achieve fair presentation. |
c) |
to comply with the Companies Act 2006 a depreciation charge would be required against investment properties which would conflict with the objective of the financial statements set out in FRS 102 (Section 1A). |
Any changes to the fair value is transferred to the Income Statement. Depreciation or Amortisation is only one of the many factors reflected in the valuation and the amount of depreciation which might have been charged cannot be separately identified or quantified.
Stocks
Financial instruments
Financial instruments are defined as a contract which gives rise to a financial asset in one entity and a financial liability or equity instrument in another entity.
Basic financial instruments are classified under section 11 of FRS 102 and are held at amortised cost. These include bank and cash in hand, all creditors, all debtors, and other non-complicated loans when applicable.
J. P. R. (1994) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2021
(3) ACCOUNTING POLICIES (continued)
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.
Taxable profit differs from the net profit as reported in the profit and loss account because this includes items of expenditure which are not tax deductible.
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.
Hire purchase and leasing commitments
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash at bank, deposits held at the bank and other short term investments.
If the bank were overdrawn at the year end this would be shown separately within current liabilities.
Employee benefits
(4) EMPLOYEES AND DIRECTORS
The average number of employees during the year was
J. P. R. (1994) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2021
(5) TANGIBLE FIXED ASSETS
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Plant and |
Fixtures and |
Motor |
Totals |
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Machinery |
Fittings |
vehicles |
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£ |
£ |
£ |
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COST |
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At
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Additions |
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At 31 December 2021 |
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DEPRECIATION |
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At 1 January 2021 |
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Charge for the year |
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At 31 December 2021 |
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NET BOOK VALUE |
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At 31 December 2021 |
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At 31 December 2020 |
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(6) INVESTMENT PROPERTY
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Total |
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FAIR VALUE |
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At 1 January 2021 |
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Additions |
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Revaluation to fair value |
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At 31 December 2021 |
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NET BOOK VALUE |
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At 31 December 2021 |
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At 31 December 2020 |
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Fair value at 31 December 2021 is represented by: |
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Valuation in 2009 |
891,866 |
Valuation in 2010 |
50,000 |
Valuation in 2018 |
(200,000) |
Valuation in 2021 |
8,272 |
Cost |
341,862 |
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J. P. R. (1994) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2021
(6) INVESTMENT PROPERTY (continued)
If investment properties had not been revalued they would have been included at the following historic cost:
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2021 |
2020 |
Cost |
341,862 |
208,134 |
Investment properties were valued on an open market basis on 31 December 2021 by the directors of this company.
Investment properties comprise freehold property of £
(7) DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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2021 |
2020 |
Trade debtors |
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Other debtors |
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Prepayments |
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(8) CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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2021 |
2020 |
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Directors current accounts |
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Accruals and deferred income |
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(9) LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
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2021 |
2020 |
Within one year |
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Between one and five years |
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In more than five years |
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The leasing agreements consist of operating leases on properties with leases of 52 years still remaining to the expiry date.
J. P. R. (1994) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2021
(10) FINANCIAL INSTRUMENTS
All financial instruments of all debtors, cash at bank and in hand and all creditors are shown at cost.
(11) PROVISIONS FOR LIABILITIES
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2021 |
2020 |
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£ |
£ |
Deferred tax |
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Balance at 1 January 2021 |
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Movement in deferred tax |
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capital allowances |
(
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(
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investment property |
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Balance at 31 December 2021 |
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(12) CALLED UP SHARE CAPITAL
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2021 |
2020 |
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Allotted, issued and fully paid: |
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(13) RESERVES
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Retained |
Share |
Totals |
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earnings |
Premium |
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£ |
£ |
£ |
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At 1 January 2021 |
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1,027,54 6 |
Profit for the year |
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10,19 1 |
Revaluation of investment property |
8,272 |
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8,27 2 |
Dividends |
0 |
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0 |
At 31 December 2021 |
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1,046,009 |
At the balance sheet date retained earnings included an aggregate of un-distributable profits relating to the revaluation of investment properties totalling £757,975 (2020 £749,703)
J. P. R. (1994) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2021
(14) RELATED PARTY DISCLOSURES
During the year total dividends of £Nil (2020 - £25,320) were paid to the directors.
During the year total dividends of £Nil (2020 - £7,800) were paid to the non-director shareholders who are descendants of the directors.
At the balance sheet date the company owed a director £
During the year the company was controlled by Mr and Mrs