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REGISTERED NUMBER: 12241370 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

JK New Homes Limited

JK New Homes Limited (Registered number: 12241370)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JK New Homes Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: K K Cheema Kailley
J S Kailley





REGISTERED OFFICE: 47 Lent Green Lane
Burnham
Slough
SL1 7AS





REGISTERED NUMBER: 12241370 (England and Wales)





ACCOUNTANTS: Sweeting & Smedley Limited
2 Church Street
Burnham
Buckinghamshire
SL1 7HZ

JK New Homes Limited (Registered number: 12241370)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,380,000 922,534

CURRENT ASSETS
Debtors 5 2,548 929
Cash at bank 40,768 8,249
43,316 9,178
CREDITORS
Amounts falling due within one year 6 701,492 278,872
NET CURRENT LIABILITIES (658,176 ) (269,694 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,824

652,840

CREDITORS
Amounts falling due after more than one
year

7

(604,674

)

(604,674

)

PROVISIONS FOR LIABILITIES (14,532 ) (10,860 )
NET ASSETS 102,618 37,306

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 102,616 37,304
102,618 37,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JK New Homes Limited (Registered number: 12241370)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





J S Kailley - Director


JK New Homes Limited (Registered number: 12241370)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

JK New Homes 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.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 922,534
Additions 399,337
Revaluations 58,129
At 31 October 2023 1,380,000
NET BOOK VALUE
At 31 October 2023 1,380,000
At 31 October 2022 922,534

JK New Homes Limited (Registered number: 12241370)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2022 43,441
Valuation in 2023 58,129
Cost 1,278,430
1,380,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.10.23 31.10.22
£    £   
Cost 1,278,430 879,093

The investment properties were valued on a fair value basis on 31 October 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 335 -
Other debtors 2,213 929
2,548 929

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 2,546 1,027
Other creditors 698,946 277,845
701,492 278,872

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Other creditors 604,674 604,674

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage Flat 4 221,900 221,900
Mortgage Flat 5 191,878 191,878
Mortgage Flat 6 190,896 190,896
604,674 604,674