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REGISTERED NUMBER: 06193001 (England and Wales)















The JB Development Partnership Limited

Unaudited Financial Statements for the Year Ended 30 September 2023






The JB Development Partnership Limited (Registered number: 06193001)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The JB Development Partnership Limited

Company Information
for the year ended 30 September 2023







DIRECTOR: I M Jeanes





SECRETARIES: I M Jeanes
K S Jeanes





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 06193001 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

The JB Development Partnership Limited (Registered number: 06193001)

Balance Sheet
30 September 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks - 150,000
Debtors 4 14,875 4,318
Cash at bank 9,557 2,406,222
24,432 2,560,540
CREDITORS
Amounts falling due within one year 5 57,632 371,889
NET CURRENT (LIABILITIES)/ASSETS (33,200 ) 2,188,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,200

)

2,188,651

CAPITAL AND RESERVES
Called up share capital 6 50 100
Retained earnings (33,250 ) 2,188,551
SHAREHOLDERS' FUNDS (33,200 ) 2,188,651

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 his 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.

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 27 March 2024 and were signed by:





I M Jeanes - Director


The JB Development Partnership Limited (Registered number: 06193001)

Notes to the Financial Statements
for the year ended 30 September 2023

1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

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

The JB Development Partnership Limited (Registered number: 06193001)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

3. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2022
and 30 September 2023 18,500
DEPRECIATION
At 1 October 2022
and 30 September 2023 18,500
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 812 812
Other debtors 14,063 3,506
14,875 4,318

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 2,138
Amounts owed to group undertakings - 4,100
Taxation and social security 4,412 168,872
Other creditors 53,220 196,779
57,632 371,889

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 90
NIL Ordinary A £1 - 5
NIL Ordinary B £1 - 5
50 100

On 24 March 2023, the company repurchased 45 Ordinary £1 shares and 5 Ordinary B £1 shares for a total of £1,081,326.

On 27 March 2023, 5 Ordinary A £1 shares were reclassified as 5 Ordinary £1 shares.