Company registration number 10855912 (England and Wales)
St John Arnold & Ash Limited
Unaudited
Financial Statements
for the year ended 30 June 2022
PAGES FOR FILING WITH REGISTRAR
St John Arnold & Ash Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
St John Arnold & Ash Limited
Statement of financial position
as at 30 June 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,813
3,424
Investment properties
4
712,232
712,231
714,045
715,655
Current assets
Debtors
5
7,969
Cash at bank and in hand
354,482
491
362,451
491
Creditors: amounts falling due within one year
6
(683,069)
(673,897)
Net current liabilities
(320,618)
(673,406)
Total assets less current liabilities
393,427
42,249
Creditors: amounts falling due after more than one year
7
(385,223)
(41,657)
Net assets
8,204
592
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
8,104
492
Total equity
8,204
592
St John Arnold & Ash Limited
Statement of financial position (continued)
as at 30 June 2022
- 2 -
The director of the company has elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 27 February 2023
X Archbold
Director
Company Registration No. 10855912
St John Arnold & Ash Limited
Notes to the Financial Statements
for the year ended 30 June 2022
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover
represents
the fair value of
rental income
received for services provided in the normal course of business
. Turnover is recognised on an accruals basis.
Turnover is recognised upon provision of services.
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% straight line
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure
. Subsequently it is measured
at fair value a
t
the reporting end date.
Changes in fair value are recognised in profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
income statement
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
St John Arnold & Ash Limited
Notes to the Financial Statements (continued)
for the year ended 30 June 2022
- 4 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 July 2021 and 30 June 2022
6,646
Depreciation and impairment
At 1 July 2021
3,222
Depreciation charged in the year
1,611
At 30 June 2022
4,833
Carrying amount
At 30 June 2022
1,813
At 30 June 2021
3,424
4
Investment property
2022
£
Fair value
At 1 July 2021 and 30 June 2022
712,232
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
722
Other debtors
7,247
7,969
6
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
8,333
8,333
Trade creditors
880
Corporation tax
2,163
Other creditors
671,853
663,912
Accruals and deferred income
720
772
683,069
673,897
The bank loan is secured.
St John Arnold & Ash Limited
Notes to the Financial Statements (continued)
for the year ended 30 June 2022
- 5 -
7
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
385,223
41,657
The bank loan is secured.
8
Company information
St John Arnold & Ash Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
20 Davies Avenue, Roundhay, Leeds, West Yorkshire, LS8 1JY.