Registered number
11813990
Jeddo Road Limited
Unaudited Filleted Accounts
28 February 2023
Jeddo Road Limited
Registered number: 11813990
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Stocks 721,280 721,280
Creditors: amounts falling due within one year 3 (705,185) (721,025)
Net current assets 16,095 255
Net assets 16,095 255
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,995 155
Shareholders' funds 16,095 255
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…....................................
P J Campbell
Director
Approved by the board on 21 November 2023
Jeddo Road Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is derived from rental income net of discounts and value added taxes. Rental income is recognised on an accrual basis.
Stocks
Development work in progress is valued at the lower of cost and net realisable value.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit or loss. Reversal of impairment losses are also recognised in the profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 3,700 63
Other creditors 701,485 720,962
705,185 721,025
4 Related party transactions
Other creditors include an amount of £697,359 (2022: £716,896) which is owed to the shareholder. The amount loaned to the company by the shareholder is interest free and repayable on demand.
5 Other information
Jeddo Road Limited is a private company limited by shares and incorporated in England. Its registered office is:
71 Goldhawk Road
Shepherds Bush
London
W12 8EG
Jeddo Road Limited 11813990 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts October 2023 P J Campbell No description of principal activity 11813990 2021-03-01 2022-02-28 11813990 core:WithinOneYear 2022-02-28 11813990 core:ShareCapital 2022-02-28 11813990 core:RetainedEarningsAccumulatedLosses 2022-02-28 11813990 2022-03-01 2023-02-28 11813990 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11813990 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11813990 bus:Director40 2022-03-01 2023-02-28 11813990 1 2022-03-01 2023-02-28 11813990 2 2022-03-01 2023-02-28 11813990 countries:England 2022-03-01 2023-02-28 11813990 bus:FRS102 2022-03-01 2023-02-28 11813990 bus:FullAccounts 2022-03-01 2023-02-28 11813990 2023-02-28 11813990 core:WithinOneYear 2023-02-28 11813990 core:ShareCapital 2023-02-28 11813990 core:RetainedEarningsAccumulatedLosses 2023-02-28 11813990 2022-02-28 iso4217:GBP xbrli:pure