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REGISTERED NUMBER: 03997384 (England and Wales)













J & P RESIDENTIAL HOMES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






J & P RESIDENTIAL HOMES LTD (REGISTERED NUMBER: 03997384)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & P RESIDENTIAL HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr EJ Jones
Mr CC Jones
Mr BE Jones
Mrs PL Aplin-Jones





REGISTERED OFFICE: Monkstone House
1 Locks Common Road
Porthcawl
Bridgend
CF36 3HU





REGISTERED NUMBER: 03997384 (England and Wales)





ACCOUNTANTS: Davies Williams Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

J & P RESIDENTIAL HOMES LTD (REGISTERED NUMBER: 03997384)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,818,481 1,789,828

CURRENT ASSETS
Debtors 5 904,121 834,030
Cash at bank 265,678 288,463
1,169,799 1,122,493
CREDITORS
Amounts falling due within one year 6 205,796 260,016
NET CURRENT ASSETS 964,003 862,477
TOTAL ASSETS LESS CURRENT LIABILITIES 2,782,484 2,652,305

CAPITAL AND RESERVES
Called up share capital 160 160
Revaluation reserve 7 824,828 824,828
Retained earnings 1,957,496 1,827,317
2,782,484 2,652,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

J & P RESIDENTIAL HOMES LTD (REGISTERED NUMBER: 03997384)

BALANCE SHEET - continued
31 JULY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





Mrs PL Aplin-Jones - Director


J & P RESIDENTIAL HOMES LTD (REGISTERED NUMBER: 03997384)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

J & P Residential Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 31 ) .

J & P RESIDENTIAL HOMES LTD (REGISTERED NUMBER: 03997384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£ £ £ £
COST
At 1 August 2022 2,248,312 122,905 160,664 2,531,881
Additions - 5,093 140,358 145,451
Disposals - - (57,197 ) (57,197 )
At 31 July 2023 2,248,312 127,998 243,825 2,620,135
DEPRECIATION
At 1 August 2022 562,863 119,161 60,029 742,053
Charge for year 44,966 2,340 42,904 90,210
Eliminated on disposal - - (30,609 ) (30,609 )
At 31 July 2023 607,829 121,501 72,324 801,654
NET BOOK VALUE
At 31 July 2023 1,640,483 6,497 171,501 1,818,481
At 31 July 2022 1,685,449 3,744 100,635 1,789,828

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 10,363 19,162
Other debtors 893,758 814,868
904,121 834,030

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 114,915 107,907
Other creditors 90,881 152,109
205,796 260,016

7. RESERVES
Revaluation
reserve
£
At 1 August 2022
and 31 July 2023 824,828