REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2022 |
FOR |
ATTENBOROUGH JEWELLERS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2022 |
FOR |
ATTENBOROUGH JEWELLERS LIMITED |
ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2022 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
ATTENBOROUGH JEWELLERS LIMITED |
COMPANY INFORMATION |
for the Year Ended 30 September 2022 |
DIRECTORS: |
SECRETARIES: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Langley House |
Park Road |
East Finchley |
London |
N2 8EY |
ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
STATEMENT OF FINANCIAL POSITION |
30 September 2022 |
30.9.22 | 30.9.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 9 |
Retained earnings | 9 |
The directors acknowledge their 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. |
ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
STATEMENT OF FINANCIAL POSITION - continued |
30 September 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2022 |
1. | STATUTORY INFORMATION |
Attenborough Jewellers Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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 |
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and an accumulated impairment losses. Depreciation is provided as the following annual rates in order to write off each asset over its estimated useful life. |
Depreciation is provided on the following basis: |
Plant and machinery | - 25% on a reducing balance basis |
Freehold land & buildings is carried at fair value determined annually by appropriate qualified directors and derived from the current market rents and yields from comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of comprehensive income. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. |
ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2022 |
2. | 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. |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 |
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. |
Impairment of assets |
A review of 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 reversals at each reporting date. |
Pledge interest |
Pledge interest is recognised on an accruals basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2022 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 October 2021 |
Additions |
At 30 September 2022 |
DEPRECIATION |
At 1 October 2021 |
Charge for year |
At 30 September 2022 |
NET BOOK VALUE |
At 30 September 2022 |
At 30 September 2021 |
Cost or valuation at 30 September 2022 is represented by: |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Valuation in 2003 | 91,968 | - | 91,968 |
Valuation in 2007 | 375,000 | - | 375,000 |
Valuation in 2017 | 650,000 | - | 650,000 |
Valuation in 2021 | 115,000 | - | 115,000 |
Cost | 433,032 | 348,461 | 781,493 |
1,665,000 | 348,461 | 2,013,461 |
If the freehold property had not been revalued it would have been included at the following historical cost: |
30.9.22 | 30.9.21 |
£ | £ |
Cost | 433,032 | 433,032 |
Value of land in freehold land and buildings | 250,000 | 250,000 |
The freehold property was valued on an open market basis on 10 September 2021 by Glenny LLP and there has been no material change in value to the date of the financial statements. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.22 | 30.9.21 |
£ | £ |
Trade debtors |
Other debtors |
ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
Included within debtors due within one year are prepayments of £16,111 (2021: £20,365) and accrued income of £145,752 (2021: £164,532). |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.22 | 30.9.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Included within creditors due within one year are accrued expenses of £9,517 (2021: £9,517). |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.9.22 | 30.9.21 |
£ | £ |
Hire purchase contracts |
Other creditors |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.9.22 | 30.9.21 |
£ | £ |
Finance loan | 976,936 | 269,871 |
Finance loans are secured by way of fixed and floating charges over all undertakings and all property and assets of the company. |
9. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1 October 2021 | 1,695,392 |
Deficit for the year | ( |
) | ( |
) |
Dividends | ( |
) | ( |
) |
At 30 September 2022 | 1,444,690 |
ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2022 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 30 September 2022 and 30 September 2021: |
30.9.22 | 30.9.21 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The loans are provided on a commercial basis at 6% annual interest and are repayable on demand. |
11. | ULTIMATE CONTROLLING PARTY |
The company is under the control of parent company, Kelsall Group Limited, and company registered in England and Wales, and the registered office is Langley House, Park Road, London, N2 8EY. |