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REGISTERED NUMBER: 00661497 (England and Wales)















J.A.C. DEVELOPMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






J.A.C. DEVELOPMENT LIMITED (REGISTERED NUMBER: 00661497)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.A.C. DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: L Elwell





REGISTERED OFFICE: 32 Pum Erw Road
Cardiff
County of Cardiff
CF14 4PF





REGISTERED NUMBER: 00661497 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

J.A.C. DEVELOPMENT LIMITED (REGISTERED NUMBER: 00661497)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 1,900 1,900
Investment property 5 1,165,000 1,165,000
1,166,900 1,166,900

CURRENT ASSETS
Debtors 6 - 9,700
Cash at bank 43,404 58,762
43,404 68,462
CREDITORS
Amounts falling due within one year 7 (26,540 ) (68,836 )
NET CURRENT ASSETS/(LIABILITIES) 16,864 (374 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,183,764

1,166,526

PROVISIONS FOR LIABILITIES (39,617 ) (19,927 )
NET ASSETS 1,144,147 1,146,599

CAPITAL AND RESERVES
Called up share capital 8 100 100
Non-distributable
reserve 439,481 459,171
Retained earnings 704,566 687,328
SHAREHOLDERS' FUNDS 1,144,147 1,146,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.A.C. DEVELOPMENT LIMITED (REGISTERED NUMBER: 00661497)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 February 2024 and were signed by:





L Elwell - Director


J.A.C. DEVELOPMENT LIMITED (REGISTERED NUMBER: 00661497)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

J.A.C. Development Limited 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.

The financial statements are presented in Sterling (£), the company's functional currency, and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 as modified by the revaluation of certain assets.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover
Turnover comprises rent receivable and other property income and is accounted for on the accruals basis.

Investment property
Investment properties are carried at fair value. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, or the deferred tax liability is settled.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Investments
Fixed asset investments are stated at cost less a provision for permanent diminution in value.

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

J.A.C. DEVELOPMENT LIMITED (REGISTERED NUMBER: 00661497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 1,900
NET BOOK VALUE
At 30 September 2023 1,900
At 30 September 2022 1,900

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 1,165,000
NET BOOK VALUE
At 30 September 2023 1,165,000
At 30 September 2022 1,165,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2023 1,165,000

The investment properties have been valued on a fair value basis at 30 September 2023 by the director. In valuing the property the director has considered sales prices of comparable properties in the same area.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 700
Other debtors - 6,000
Director's current account - 3,000
- 9,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 10,847 13,797
Other creditors 6,500 53,719
Shareholders' loans 4,980 -
Director's current account 2,893 -
Accrued expenses 1,320 1,320
26,540 68,836

J.A.C. DEVELOPMENT LIMITED (REGISTERED NUMBER: 00661497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
L Elwell
Balance outstanding at start of year 3,000 -
Amounts advanced - 3,000
Amounts repaid (3,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,000