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Registration number: 11755078

JCJ Homes Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

JCJ Homes Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

JCJ Homes Ltd

Company Information

Directors

Ms JC Richings

Ms C Sivills

JC McGann

Registered office

Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

Accountants

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

 

JCJ Homes Ltd

(Registration number: 11755078)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

3,075

4,492

Investment property

6

499,250

499,250

 

502,325

503,742

Current assets

 

Debtors

7

18,501

16,450

Cash at bank and in hand

 

804

103,856

 

19,305

120,306

Creditors: Amounts falling due within one year

8

(236,370)

(335,903)

Net current liabilities

 

(217,065)

(215,597)

Total assets less current liabilities

 

285,260

288,145

Creditors: Amounts falling due after more than one year

8

(381,873)

(383,246)

Provisions for liabilities

(8,480)

(8,480)

Net liabilities

 

(105,093)

(103,581)

Capital and reserves

 

Called up share capital

9

99

99

Retained earnings

(105,192)

(103,680)

Shareholders' deficit

 

(105,093)

(103,581)

 

JCJ Homes Ltd

(Registration number: 11755078)
Balance Sheet as at 31 January 2023

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2023 and signed on its behalf by:
 

.........................................
JC McGann
Director

 

JCJ Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS
England

These financial statements were authorised for issue by the Board on 29 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

JCJ Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

20% straight line method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

JCJ Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,417

1,417

5

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 February 2022

7,083

7,083

At 31 January 2023

7,083

7,083

Depreciation

At 1 February 2022

2,591

2,591

Charge for the year

1,417

1,417

At 31 January 2023

4,008

4,008

Carrying amount

At 31 January 2023

3,075

3,075

At 31 January 2022

4,492

4,492

6

Investment properties

2023
£

At 1 February

499,250

At 31 January

499,250

There has been no valuation of investment property by an independent valuer.

7

Debtors

Current

2023
£

2022
£

Other debtors

18,501

16,450

 

JCJ Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,680

1,560

Other creditors

234,690

334,343

236,370

335,903

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

10

381,873

383,246

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

99

99

99

99

         
 

JCJ Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

10

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

10,882

12,221

Other borrowings

370,991

371,025

381,873

383,246

11

Related party transactions

Transactions with directors

2023

At 1 February 2022
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

Ms JC Richings

(32,932)

13

(120)

(33,039)

         
       

Ms C Sivills

(43,705)

-

(120)

(43,825)

         
       

JC McGann

(327)

-

(120)

(447)

         
       

 

2022

At 1 February 2021
£

Advances to director
£

Repayments by director
£

At 31 January 2022
£

Ms JC Richings

(37,966)

10,654

(5,620)

(32,932)

         
       

Ms C Sivills

(43,585)

-

(120)

(43,705)

         
       

JC McGann

(1,748)

1,541

(120)

(327)