JAMES TAYLOR HOMES LIMITED

Company Registration Number:
06568450 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

JAMES TAYLOR HOMES LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes

JAMES TAYLOR HOMES LIMITED

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 6 24
Cash at bank and in hand: 111 69,831
Total current assets: 117 69,855
Creditors: amounts falling due within one year: 4 ( 61,476 )
Net current assets (liabilities): 117 8,379
Total assets less current liabilities: 117 8,379
Total net assets (liabilities): 117 8,379
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 17 8,279
Total Shareholders' funds: 117 8,379

The notes form part of these financial statements

JAMES TAYLOR HOMES LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 1 November 2023
and signed on behalf of the board by:

Name: Michael Coath
Status: Director

The notes form part of these financial statements

JAMES TAYLOR HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Company informationJames Taylor Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is James Taylor House, St Albans Road East, Hatfield, Hertfordshire, United Kingdom, AL10 0HE.The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.Going ConcernThe directors believe that the company has adequate resources to continue in operational existence for the foreseeable future.The company therefore continues to adopt the going concern basis in preparing its financial statements. However, because not all future events or conditions can be predicted, this statement is not a guarantee at to the company's ability to continue as a going concern.Cash and cash equivalentsCash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with bank, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.Trade and other debtorsTrade and other debtors are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment.Judgements and key sources of estimation uncertaintyIn the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.The directors consider that there are no significant judgements or estimates in the preparation of these financial statements.Related party transactionsThe company has taken advantage of exemption under the terms of Financial Reporting Standard 102 !The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.Parent companyThe directors regard James Taylor Homes Group Limited as the ultimate parent company. The registered office of James Taylor homes Group Limited is James Taylor house, St Albans Road East, Hatfield, Hertfordshire AL10 0HE. The largest group of undertakings for which group financial statements have been drawn up is that headed by James Taylor Homes Group Limited. Copies of the group financial statements may be obtained from Companies House.

JAMES TAYLOR HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

JAMES TAYLOR HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Debtors

2023 2022
£ £
Trade debtors 24
Other debtors 6
Total 6 24

JAMES TAYLOR HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

  2022
  £
Other creditors 61,476
Total   61,476