Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-172023-07-17true2022-07-18falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12614425 2022-07-18 2023-07-17 12614425 2021-06-01 2022-07-17 12614425 2023-07-17 12614425 2022-07-17 12614425 c:Director1 2022-07-18 2023-07-17 12614425 c:Director2 2022-07-18 2023-07-17 12614425 d:PlantMachinery 2022-07-18 2023-07-17 12614425 d:PlantMachinery 2023-07-17 12614425 d:PlantMachinery 2022-07-17 12614425 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-18 2023-07-17 12614425 d:MotorVehicles 2022-07-18 2023-07-17 12614425 d:MotorVehicles 2023-07-17 12614425 d:MotorVehicles 2022-07-17 12614425 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-18 2023-07-17 12614425 d:OfficeEquipment 2022-07-18 2023-07-17 12614425 d:OfficeEquipment 2023-07-17 12614425 d:OfficeEquipment 2022-07-17 12614425 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-18 2023-07-17 12614425 d:OwnedOrFreeholdAssets 2022-07-18 2023-07-17 12614425 d:CurrentFinancialInstruments 2023-07-17 12614425 d:CurrentFinancialInstruments 2022-07-17 12614425 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-17 12614425 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-17 12614425 d:ShareCapital 2023-07-17 12614425 d:ShareCapital 2022-07-17 12614425 d:RetainedEarningsAccumulatedLosses 2023-07-17 12614425 d:RetainedEarningsAccumulatedLosses 2022-07-17 12614425 d:AcceleratedTaxDepreciationDeferredTax 2023-07-17 12614425 d:AcceleratedTaxDepreciationDeferredTax 2022-07-17 12614425 c:FRS102 2022-07-18 2023-07-17 12614425 c:AuditExempt-NoAccountantsReport 2022-07-18 2023-07-17 12614425 c:FullAccounts 2022-07-18 2023-07-17 12614425 c:PrivateLimitedCompanyLtd 2022-07-18 2023-07-17 12614425 e:PoundSterling 2022-07-18 2023-07-17 iso4217:GBP xbrli:pure

Registered number: 12614425










JDD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 17 JULY 2023

 
JDD LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 8


 
JDD LIMITED
REGISTERED NUMBER: 12614425

STATEMENT OF FINANCIAL POSITION
AS AT 17 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
975
32,745

  
975
32,745

Current assets
  

Stocks
  
1,113,262
1,241,158

Debtors
  
3,170
515,715

Cash at bank and in hand
  
1,634
6,958

  
1,118,066
1,763,831

Creditors: amounts falling due within one year
 5 
(866,758)
(1,724,011)

Net current assets
  
 
 
251,308
 
 
39,820

Total assets less current liabilities
  
252,283
72,565

Provisions for liabilities
  

Deferred tax
 7 
(244)
(6,222)

  
 
 
(244)
 
 
(6,222)

Net assets
  
252,039
66,343


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
251,939
66,243

  
252,039
66,343


Page 1

 
JDD LIMITED
REGISTERED NUMBER: 12614425
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 17 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 April 2024.




................................................
Mr D Wall
................................................
Ms J Jones
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JDD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 17 JULY 2023

1.


General information

JDD Limited is a private company limited by shares and incorporated in England and Wales, registration number 12614425. The registered office is 80 Grove Lane, Holt, Norfolk, NR25 6ED.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been presented in sterling which is the functional currency of the Company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised from the sale of developed properties at the date of exchange of contracts between the vendor and purchaser. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
JDD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 17 JULY 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of the assets over their estimated useful lives, on a reducing balance basis. 

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance basis
Motor vehicles
-
15%
reducing balance basis
Office equipment
-
25%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
JDD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 17 JULY 2023

2.Accounting policies (continued)

 
2.6

Stocks

Stocks and development land are stated at the lower of cost and net realisable value. Work in progress and any finished developments includes all direct costs and any directly attributable overheads. 

 
2.7

Debtors

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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term 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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares. 

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the Period was 2 (2022 - 2).

Page 5

 
JDD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 17 JULY 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 18 July 2022
525
37,989
1,438
39,952


Additions
-
-
114
114


Disposals
-
(37,989)
-
(37,989)



At 17 July 2023

525
-
1,552
2,077



Depreciation


At 18 July 2022
199
6,410
598
7,207


Charge for the Period on owned assets
66
-
239
305


Disposals
-
(6,410)
-
(6,410)



At 17 July 2023

265
-
837
1,102



Net book value



At 17 July 2023
260
-
715
975


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
501,419
1,126,452

Trade creditors
26,715
142,119

Corporation tax
67,609
7,049

Other taxation and social security
1,390
1,422

Other creditors
264,250
418,579

Accruals and deferred income
5,375
28,390

866,758
1,724,011


Page 6

 
JDD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 17 JULY 2023

6.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
501,419
1,126,452


501,419
1,126,452




501,419
1,126,452


The bank loans are secured against developments being undertaken by the company along with a personal guarantee from a director (see note 8). 

Page 7

 
JDD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 17 JULY 2023

7.


Deferred taxation




2023


£






At beginning of year
(6,222)


Charged to profit or loss
5,978



At end of year
(244)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(244)
(6,222)

(244)
(6,222)


8.


Related party transactions

At the period end the directors were owed £243,288 (2022: £341,313) by the company, which is repayable when sufficient funds are available. A connected company was also owed £20,000 (2022: 75,000) at the period end. 
A director has given personal guarantees amounting to £342,000 (2022: £197,000) in relation to bank loans. 

 
Page 8