Jevington Quarry Limited 09617440 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of property investment and the disposal of construction waste materials. Digita Accounts Production Advanced 6.30.9574.0 true true 09617440 2022-07-01 2023-06-30 09617440 2023-06-30 09617440 bus:OrdinaryShareClass1 2023-06-30 09617440 core:CurrentFinancialInstruments 2023-06-30 09617440 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 09617440 core:LandBuildings 2023-06-30 09617440 bus:SmallEntities 2022-07-01 2023-06-30 09617440 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 09617440 bus:FullAccounts 2022-07-01 2023-06-30 09617440 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 09617440 bus:RegisteredOffice 2022-07-01 2023-06-30 09617440 bus:Director1 2022-07-01 2023-06-30 09617440 bus:Director2 2022-07-01 2023-06-30 09617440 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 09617440 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09617440 countries:EnglandWales 2022-07-01 2023-06-30 09617440 2022-06-30 09617440 core:LandBuildings 2022-06-30 09617440 2021-07-01 2022-06-30 09617440 2022-06-30 09617440 bus:OrdinaryShareClass1 2022-06-30 09617440 core:CurrentFinancialInstruments 2022-06-30 09617440 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 09617440 core:LandBuildings 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09617440

Jevington Quarry Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Jevington Quarry Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Jevington Quarry Limited

Company Information

Directors

DJ Lynch

SAC Dudman

Registered office

The Haulage Yard
Dial Post
Horsham
West Sussex
RH13 8NY

Accountants

Chisnall Comer Ismail and Co
Chartered Accountants
Maria House
35 Millers Road
Brighton
BN1 5NP

 

Jevington Quarry Limited

(Registration number: 09617440)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

185,523

185,523

Investment property

6

450,000

450,000

 

635,523

635,523

Current assets

 

Debtors

7

-

3,100

Cash at bank and in hand

 

23,573

20,083

 

23,573

23,183

Creditors: Amounts falling due within one year

8

(600,865)

(590,166)

Net current liabilities

 

(577,292)

(566,983)

Total assets less current liabilities

 

58,231

68,540

Provisions for liabilities

(3,581)

(3,580)

Net assets

 

54,650

64,960

Capital and reserves

 

Called up share capital

10

100

100

Other reserves

39,625

39,625

Retained earnings

14,925

25,235

Shareholders' funds

 

54,650

64,960

For the financial year ending 30 June 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.

 

Jevington Quarry Limited

(Registration number: 09617440)
Balance Sheet as at 30 June 2023

Approved and authorised by the Board on 19 October 2023 and signed on its behalf by:



 

.........................................

DJ Lynch

Director

.........................................

SAC Dudman

Director

 

Jevington Quarry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
The Haulage Yard
Dial Post
Horsham
West Sussex
RH13 8NY

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

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered relevant information, including the impact of subsequent events in making their assessment.

Revenue recognition

Revenue represents amounts receivable for rental income and is recognised on an accruals basis.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Jevington Quarry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Tangible assets

Property, plant and equipment are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Included in property, plant and equipment is freehold land. Freehold land is stated at cost and is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the income statement.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement.

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 2 (2022 - 2).

 

Jevington Quarry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Taxation charge

The tax for the period is attributable to:

2023
£

2022
£

Deferred Tax

Arising from origination and reversal of timing differences

-

860

Total deferred tax charge

-

860

Total tax charge for period

-

860

5

Tangible assets

Land and buildings
£

Total
£

Cost

At 1 July 2022

185,523

185,523

At 30 June 2023

185,523

185,523

Depreciation

At 1 July 2022

-

-

At 30 June 2023

-

-

Carrying amount

At 30 June 2023

185,523

185,523

At 30 June 2022

185,523

185,523

Included within the net book value of land and buildings above is £185,523 (2022 - £185,523) in respect of freehold land.
 

 

Jevington Quarry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Investment properties

Total
£

At 1 July 2022

450,000

At 30 June 2023

450,000

Investment property comprises residential property and is stated at fair value. The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year end by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The historic cost of investment property is £406,794 (2022: £406,794).

7

Debtors

Current

2023
£

2022
£

Other debtors

-

3,100

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

276

502

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

385,367

385,367

Accruals and deferred income

 

13,878

2,953

Other creditors

 

201,344

201,344

 

600,865

590,166

 

Jevington Quarry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

9

Related party transactions

Summary of transactions with entities with joint control or significant interest


At the year end, the company owed Dudman Investments Limited, the joint controlling entity £292,605 (2022: £292,605). This is included within amounts due to controlling entities with no interest charged and repayable on demand.

At the year end, the company owed Lynver Developments Limited, the joint controlling entity £92,762 (2022: £92,762). This is included within amounts due to controlling entities with no interest charged and repayable on demand.

At the year end, the company owed a connected company £201,344 (2022: £201,344). This is included within other payables with no interest charged and repayable on demand.

 

Jevington Quarry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

10

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100