REGISTERED NUMBER: |
JBRT DEVELOPMENTS LIMITED |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 |
REGISTERED NUMBER: |
JBRT DEVELOPMENTS LIMITED |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 |
JBRT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09877042) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
JBRT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09877042) |
BALANCE SHEET |
30 JUNE 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks | 4 |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
JBRT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09877042) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
1. | STATUTORY INFORMATION |
JBRT Developments Limited is a private company limited by shares. The company is registered in England under number 09877042 and the address of the registered office is Barclays Bank Chambers, Stratford-upon-Avon, Warwickshire, CV37 6AH. The company's place of business is Unit 4, Weston Industrial Estate, Honeybourne, Worcestershire, WR11 7QB. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the value of legally completed sales during the period. Turnover is measured at the fair value of the consideration received, excluding discounts and VAT. Rebates and discounts which are related to promotional support but not dependent upon sales volumes are treated as an expense credit within cost of sales. |
Stocks |
Stocks are valued at the lower of cost and net realisable value. Cost comprises direct materials, direct labour costs and those overheads which have been incurred in bringing the inventories to their present location and condition. |
Net realisable value is based on estimated selling price less any further costs expected to be incurred to completion and disposal. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | STOCKS |
2023 | 2022 |
£ | £ |
Land for development |
Work in progress | 16,578,667 | 10,299,381 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
JBRT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09877042) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Owed to group undertakings | 27,496,937 | 20,801,166 |
Secured by a debenture and a fixed and floating charge over all the property or undertakings of the company. Repayment is to be made from the company's sales as they occur. |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Directors' benefits: Advances and credits |
During the year the Company made available to a director an interest free unsecured loan by way of advances and credits. The total of advances and credits made during the year was £Nil (2022 : £2,223,810) The total of repayments made during the year was £2,223,810 (2022 : £Nil). |
The directors of the company are also the only shareholders of the company and are aware of the requirements of Section 197 of the Companies Act 2006 regarding approval by the members of loans to directors. |
JBRT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09877042) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2023 |
10. | ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY |
The immediate parent undertaking is Bloor Investments Limited. |
The largest group of which the company is a member and for which group accounts are prepared is Bloor Investments Limited, a company registered in England and Wales. Copies of the financial statements of that company can be obtained from the Registrar of Companies, Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ. |
The ultimate controlling party is J S Bloor. |