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Company registration number: 10651639
Juniper Developments (Rugby) Limited
Unaudited filleted financial statements
31 March 2023
Juniper Developments (Rugby) Limited
Contents
Statement of financial position
Notes to the financial statements
Juniper Developments (Rugby) Limited
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Current assets
Stocks - 695,895
Debtors 5 369,986 48,601
Cash at bank and in hand 13,309 6,977
_______ _______
383,295 751,473
Creditors: amounts falling due
within one year 6 ( 157,002) ( 857,273)
_______ _______
Net current assets/(liabilities) 226,293 ( 105,800)
_______ _______
Total assets less current liabilities 226,293 ( 105,800)
Creditors: amounts falling due
after more than one year 7 ( 25,000) ( 33,375)
_______ _______
Net assets/(liabilities) 201,293 ( 139,175)
_______ _______
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 201,193 ( 139,275)
_______ _______
Shareholders funds/(deficit) 201,293 ( 139,175)
_______ _______
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 August 2023 , and are signed on behalf of the board by:
Mr I C Ralston
Director
Company registration number: 10651639
Juniper Developments (Rugby) Limited
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office and business is 21 Brindley Road, Dodwells Bridge Industrial Estate, Hinckley, Leicestershire, LE10 3BY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity and have been rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the sale of property, stated net of discounts and of Value Added Tax.Revenue from the sale of property is recognised when the significant risks and rewards of ownership of the property have transferred to the buyer, usually on completion, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other adminsitrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Debtors
2023 2022
£ £
Trade debtors 159,986 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 210,000 42,750
Other debtors - 5,851
_______ _______
369,986 48,601
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,000 11,040
Trade creditors 144,002 40,020
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 803,213
Other creditors 3,000 3,000
_______ _______
157,002 857,273
_______ _______
7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 25,000 33,375
_______ _______
8. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
9. Controlling party
The company is a wholly owned subsidiary of Ralston Holdings Limited, a company registered in England and Wales. The registered office of Ralston Holdings Limited is 21 Brindley Road, Hinckley, Leicestershire, LE10 3BY.