Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-02-15falseRental of property00 13917517 2022-02-14 13917517 2022-02-15 2023-02-28 13917517 2021-02-15 2022-02-14 13917517 2023-02-28 13917517 c:Director2 2022-02-15 2023-02-28 13917517 d:Buildings 2022-02-15 2023-02-28 13917517 d:Buildings 2023-02-28 13917517 d:CurrentFinancialInstruments 2023-02-28 13917517 d:Non-currentFinancialInstruments 2023-02-28 13917517 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13917517 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13917517 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 13917517 d:ShareCapital 2023-02-28 13917517 d:RetainedEarningsAccumulatedLosses 2023-02-28 13917517 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-02-28 13917517 c:OrdinaryShareClass1 2022-02-15 2023-02-28 13917517 c:OrdinaryShareClass1 2023-02-28 13917517 c:FRS102 2022-02-15 2023-02-28 13917517 c:AuditExempt-NoAccountantsReport 2022-02-15 2023-02-28 13917517 c:FullAccounts 2022-02-15 2023-02-28 13917517 c:PrivateLimitedCompanyLtd 2022-02-15 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13917517









JC HOMES (SOUTH) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
JC HOMES (SOUTH) LIMITED
REGISTERED NUMBER: 13917517

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
251,567

  
251,567

Current assets
  

Cash at bank and in hand
 5 
6,104

  
6,104

Creditors: amounts falling due within one year
 6 
(87,238)

Net current (liabilities)/assets
  
 
 
(81,134)

Total assets less current liabilities
  
170,433

Creditors: amounts falling due after more than one year
 7 
(180,000)

  

Net (liabilities)/assets
  
(9,567)


Capital and reserves
  

Called up share capital 
 10 
1

Profit and loss account
  
(9,568)

  
(9,567)

Page 1

 
JC HOMES (SOUTH) LIMITED
REGISTERED NUMBER: 13917517
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 13 November 2023.




................................................
Beverley Jaycock
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
JC HOMES (SOUTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company will be that of rental property. The Company was incorporated on 15/02/2022.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis, this assumes the continued support of the directors which they have pledged for the forseeable future.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
0% straight-line

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 profit or loss.

Page 3

 
JC HOMES (SOUTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.

Page 4

 
JC HOMES (SOUTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


Additions
251,567



At 28 February 2023

251,567






Net book value



At 28 February 2023
251,567


5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
6,104

6,104



6.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
85,538

Other creditors
500

Accruals and deferred income
1,200

87,238


Page 5

 
JC HOMES (SOUTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
180,000

180,000


The following liabilities were secured:

2023
£



Bank loans
180,000

180,000

Details of security provided:

The bank loan is secured over the property.


8.


Loans


Analysis of the maturity of loans is given below:


2023
£




Amounts falling due after more than 5 years

Bank loans
180,000

180,000



9.


Financial instruments

2023
£

Financial assets


Financial assets measured at fair value through profit or loss
6,104




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 6

 
JC HOMES (SOUTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

10.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


Upon incorporation, 1 Ordinary £1 share was issued at par.


11.


Related party transactions

At the end of the period the Company owed it parent company, SPS Group Holdings Limited £85,213 and its fellow subsidiary company SPS Painting and Building Contractors Limited £325.


12.


Controlling party

The Company is a wholly owned subsidiary of SPS Group Holdings Limited.
 
Page 7