Company registration number 10855912 (England and Wales)
St John Arnold & Ash Limited
Unaudited
financial statements
for the year ended 30 June 2023
PAGES FOR FILING WITH REGISTRAR
St John Arnold & Ash Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
St John Arnold & Ash Limited
Statement of financial position
as at 30 June 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,813
Investment property
4
1,045,245
712,232
1,045,245
714,045
Current assets
Debtors
600
7,969
Cash at bank and in hand
7,963
354,482
8,563
362,451
Creditors: amounts falling due within one year
(661,444)
(683,069)
Net current liabilities
(652,881)
(320,618)
Total assets less current liabilities
392,364
393,427
Creditors: amounts falling due after more than one year
(372,865)
(385,223)
Net assets
19,499
8,204
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
19,399
8,104
Total equity
19,499
8,204
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
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 2023 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.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
St John Arnold & Ash Limited
Statement of financial position (continued)
as at 30 June 2023
30 June 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 2 November 2023
X Archbold
Director
Company Registration No. 10855912
St John Arnold & Ash Limited
Notes to the Financial Statements
for the year ended 30 June 2023
- 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 amounts 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 at 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:
2023
2022
Number
Number
Total
St John Arnold & Ash Limited
Notes to the Financial Statements (continued)
for the year ended 30 June 2023
- 4 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 July 2022 and 30 June 2023
6,646
Depreciation and impairment
At 1 July 2022
4,833
Depreciation charged in the year
1,813
At 30 June 2023
6,646
Carrying amount
At 30 June 2023
At 30 June 2022
1,813
4
Investment property
2023
£
Fair value
At 1 July 2022
712,232
Additions
333,013
At 30 June 2023
1,045,245
5
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.