JWK Developments (SPV2) Ltd 14523746 false 2022-12-05 2023-05-31 2023-05-31 The principal activity of the company is construction of domestic buildings. Digita Accounts Production Advanced 6.30.9574.0 true true 14523746 2022-12-05 2023-05-31 14523746 2023-05-31 14523746 core:CurrentFinancialInstruments 2023-05-31 14523746 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 14523746 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 14523746 bus:SmallEntities 2022-12-05 2023-05-31 14523746 bus:AuditExemptWithAccountantsReport 2022-12-05 2023-05-31 14523746 bus:AbridgedAccounts 2022-12-05 2023-05-31 14523746 bus:SmallCompaniesRegimeForAccounts 2022-12-05 2023-05-31 14523746 bus:RegisteredOffice 2022-12-05 2023-05-31 14523746 bus:Director1 2022-12-05 2023-05-31 14523746 bus:Director2 2022-12-05 2023-05-31 14523746 bus:PrivateLimitedCompanyLtd 2022-12-05 2023-05-31 14523746 1 2022-12-05 2023-05-31 14523746 countries:AllCountries 2022-12-05 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 14523746

JWK Developments (SPV2) Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 5 December 2022 to 31 May 2023

 

JWK Developments (SPV2) Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

JWK Developments (SPV2) Ltd

Company Information

Directors

Miss Sarah Dell

Mr James Knight

Registered office

The Workshop
24a Park Row
Knaresborough
North Yorkshire
HG5 0BJ

Accountants

McManus Hall Ltd
C11 Marquis Court
Team Valley
Gateshead
Tyne and Wear
NE11 0RU

 

JWK Developments (SPV2) Ltd

(Registration number: 14523746)
Abridged Balance Sheet as at 31 May 2023

Note

2023
£

Current assets

 

Stocks

553,724

Debtors

4

231,501

Cash at bank and in hand

 

1,642

 

786,867

Creditors: Amounts falling due within one year

(486,826)

Total assets less current liabilities

 

300,041

Creditors: Amounts falling due after more than one year

(318,871)

Net liabilities

 

(18,830)

Capital and reserves

 

Called up share capital

1

Retained earnings

(18,831)

Shareholders' deficit

 

(18,830)

For the financial period ending 31 May 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 accounts for the period in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 13 February 2024 and signed on its behalf by:
 

.........................................

Mr James Knight

Director

 

JWK Developments (SPV2) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 5 December 2022 to 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales..

The address of its registered office is:
The Workshop
24a Park Row
Knaresborough
North Yorkshire
HG5 0BJ

These financial statements were authorised for issue by the Board on 13 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

JWK Developments (SPV2) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 5 December 2022 to 31 May 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Debtors

Debtors includes £Nil due after more than one year.

 

JWK Developments (SPV2) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 5 December 2022 to 31 May 2023

5

Parent and ultimate parent undertaking

The company's immediate parent is JWK Developments Ltd, incorporated in England and Wales..