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COMPANY REGISTRATION NUMBER: 09033244
JDR Estates Limited
Filleted Unaudited Financial Statements
31 May 2023
JDR Estates Limited
Financial Statements
Year ended 31 May 2023
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 6
JDR Estates Limited
Officers and Professional Advisers
The board of directors Mr DJ Roberts
- Director
Mr WC Williamson
- Director
Mr JJ Roberts
- Director
Registered office
Cavendish House
Littlewood Drive
West 26 Business Park
Cleckheaton
West Yorkshire
BD19 4TE
Accountants
Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton in Ashfield
Nottinghamshire
NG17 4EA
JDR Estates Limited
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
10,568
11,790
Current assets
Debtors
7
300,867
292,910
Cash at bank and in hand
13,501
32,100
---------
---------
314,368
325,010
Creditors: amounts falling due within one year
8
151,967
192,474
---------
---------
Net current assets
162,401
132,536
---------
---------
Total assets less current liabilities
172,969
144,326
Creditors: amounts falling due after more than one year
9
21,095
31,203
---------
---------
Net assets
151,874
113,123
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
151,872
113,121
---------
---------
Shareholders funds
151,874
113,123
---------
---------
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.
For the year 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 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 .
JDR Estates Limited
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 13 February 2024 , and are signed on behalf of the board by:
Mr WC Williamson
Director
Company registration number: 09033244
JDR Estates Limited
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cavendish House, Littlewood Drive, West 26 Business Park, Cleckheaton, West Yorkshire, BD19 4TE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue recognition
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Goodwill
Acquired goodwill has been fully amortised over its estimated useful economic life.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2022: 8 ).
5. Intangible assets
Goodwill
£
Cost
At 1 June 2022 and 31 May 2023
18,095
--------
Amortisation
At 1 June 2022 and 31 May 2023
18,095
--------
Carrying amount
At 31 May 2023
--------
At 31 May 2022
--------
6. Tangible assets
Fixtures and fittings
£
Cost
At 1 June 2022
15,239
Additions
616
--------
At 31 May 2023
15,855
--------
Depreciation
At 1 June 2022
3,449
Charge for the year
1,838
--------
At 31 May 2023
5,287
--------
Carrying amount
At 31 May 2023
10,568
--------
At 31 May 2022
11,790
--------
7. Debtors
2023
2022
£
£
Trade debtors
37,632
24,566
Amounts owed by associated Company undertakings
259,476
268,225
Other debtors
3,759
119
---------
---------
300,867
292,910
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
9,873
9,398
Trade creditors
13,407
11,463
Amounts owed to group undertakings and undertakings in which the company has a participating interest
59,072
111,483
Corporation tax
9,890
10,434
Social security and other taxes
34,112
24,150
Other creditors
25,613
25,546
---------
---------
151,967
192,474
---------
---------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
21,095
31,203
--------
--------
10. Directors' advances, credits and guarantees
At the balance sheet date, the directors were owed £23,361 (2022: £23,296) by the company.