Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3152022-04-01falseNo description of principal activity5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00420353 2022-04-01 2023-03-31 00420353 2021-04-01 2022-03-31 00420353 2023-03-31 00420353 2022-03-31 00420353 c:Director1 2022-04-01 2023-03-31 00420353 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 00420353 d:Buildings d:LongLeaseholdAssets 2023-03-31 00420353 d:Buildings d:LongLeaseholdAssets 2022-03-31 00420353 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 00420353 d:PlantMachinery 2022-04-01 2023-03-31 00420353 d:PlantMachinery 2023-03-31 00420353 d:PlantMachinery 2022-03-31 00420353 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00420353 d:MotorVehicles 2022-04-01 2023-03-31 00420353 d:MotorVehicles 2023-03-31 00420353 d:MotorVehicles 2022-03-31 00420353 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00420353 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00420353 d:FreeholdInvestmentProperty 2022-04-01 2023-03-31 00420353 d:FreeholdInvestmentProperty 2023-03-31 00420353 d:CurrentFinancialInstruments 2023-03-31 00420353 d:CurrentFinancialInstruments 2022-03-31 00420353 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00420353 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00420353 d:ShareCapital 2023-03-31 00420353 d:ShareCapital 2022-03-31 00420353 d:RetainedEarningsAccumulatedLosses 2023-03-31 00420353 d:RetainedEarningsAccumulatedLosses 2022-03-31 00420353 c:FRS102 2022-04-01 2023-03-31 00420353 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00420353 c:FullAccounts 2022-04-01 2023-03-31 00420353 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00420353 d:WithinOneYear 2023-03-31 00420353 d:WithinOneYear 2022-03-31 00420353 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 00420353










J A B SHORT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
J A B SHORT LIMITED
REGISTERED NUMBER: 00420353

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,691
3,721

Investments
 5 
7,038
7,038

Investment property
 6 
537,884
-

  
547,613
10,759

Current assets
  

Stocks
  
500
102,948

Debtors: amounts falling due within one year
 7 
216,132
256,323

Cash at bank and in hand
  
1,784,285
2,257,572

  
2,000,917
2,616,843

Creditors: amounts falling due within one year
 8 
(125,727)
(120,915)

Net current assets
  
 
 
1,875,190
 
 
2,495,928

  

Net assets
  
2,422,803
2,506,687


Capital and reserves
  

Called up share capital 
  
31,915
31,915

Profit and loss account
  
2,390,888
2,474,772

  
2,422,803
2,506,687


Page 1

 
J A B SHORT LIMITED
REGISTERED NUMBER: 00420353
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2023.




J A B Short
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
J A B SHORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

J A B Short Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 00420353). Its registered office 33 The Bridge Business Centre, Beresford Way, Chesterfield, Derbyshire, S41 9FG. The principal activity of the Company throughout the year continued to be that of private housebuilders.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Office alterations
-
10%
straight line
Plant and machinery
-
25%
reducing balance basis
Motor vehicles
-
25%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

Page 3

 
J A B SHORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for 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 Income and Retained Earnings.

 
2.6

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at 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. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
J A B SHORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Tangible fixed assets





Office alterations
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost


At 1 April 2022
8,097
15,090
12,315
35,502



At 31 March 2023

8,097
15,090
12,315
35,502



Depreciation


At 1 April 2022
7,963
11,503
12,315
31,781


Charge for the year on owned assets
134
896
-
1,030



At 31 March 2023

8,097
12,399
12,315
32,811



Net book value



At 31 March 2023
-
2,691
-
2,691



At 31 March 2022
134
3,587
-
3,721

Page 5

 
J A B SHORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
7,038



At 31 March 2023
7,038





6.


Investment property


Freehold investment property

£



Valuation


Additions at cost
537,884



At 31 March 2023
537,884

The 2023 valuations were made by the director, on an open market value for existing use basis.








7.


Debtors

2023
2022
£
£


Trade debtors
2,111
179

Amounts owed by group undertakings
157,991
191,880

Other debtors
16,682
22,167

Prepayments and accrued income
30,860
42,097

Tax recoverable
8,488
-

216,132
256,323


Page 6

 
J A B SHORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
31,286
49,528

Corporation tax
-
24,527

Other taxation and social security
2,717
2,737

Other creditors
91,724
44,123

125,727
120,915



9.


Contingent liabilities

A guarantee has been given to the directors of Manor Developments (Chesterfield) Limited that in the event of any liquidity problems in the foreseeable future full financial support will be provided to that company. In the directors' opinion no liability will arise in connection therewith.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,212 (2022 - £7,499). 


11.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
3,446
2,417

3,446
2,417

 
Page 7