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REGISTERED NUMBER: 09877042















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 32,700,987 22,475,989
Debtors 5 1,663,124 2,417,279
Cash at bank 448,888 246,593
34,812,999 25,139,861
CREDITORS
Amounts falling due within one year 6 29,921,045 22,252,784
NET CURRENT ASSETS 4,891,954 2,887,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,891,954

2,887,077

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,891,854 2,886,977
SHAREHOLDERS' FUNDS 4,891,954 2,887,077

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 2 October 2023 and were signed on its behalf by:




J S Bloor - Director



R D S Thompson - Director


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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 2 (2022 - 2 ) .

4. STOCKS
2023 2022
£    £   
Land for development 16,122,320 12,176,608
Work in progress 16,578,667 10,299,381
32,700,987 22,475,989

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,251,226 14,768
Amounts owed by group undertakings 14 -
Other debtors 411,884 2,402,511
1,663,124 2,417,279

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 2,004,834 1,217,148
Amounts owed to group undertakings 27,496,937 20,802,644
Taxation and social security 365,805 1,412
Other creditors 53,469 231,580
29,921,045 22,252,784

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.

Robert Bowen BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of H L Barnes, Statutory Auditors

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.