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Registered number: 03650574









JESUS COLLEGE DEVELOPMENTS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
JESUS COLLEGE DEVELOPMENTS LIMITED
REGISTERED NUMBER: 03650574

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2023
2022
2022
Note
£
£
£
£

  

CURRENT ASSETS
  

Stocks
 4 
393,174
393,174

Debtors: amounts falling due within one year
 5 
402,683
5,593

Cash at bank and in hand
  
168,272
173,214

  
964,129
571,981

Creditors: amounts falling due within one year
 6 
(962,799)
(570,651)

NET CURRENT ASSETS
  
 
 
1,330
 
 
1,330

  

NET ASSETS
  
1,330
1,330


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1
1

Profit and loss account
  
1,329
1,329

  
1,330
1,330


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 statement of income and retained earnings 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 by: 




Dr R F Anthony
Director

Date: 9 November 2023

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
JESUS COLLEGE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


GENERAL INFORMATION

Jesus College Developments Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Jesus College, Jesus Lane, Cambridge, CB5 8BL.
The parent undertaking of the smallest group to consolidate these financial statements is Jesus College which is a College of the University of Cambridge.  The College's registered office is, Jesus College, Jesus Lane, Cambridge, CB5 8BL.
The Company's functional and presentational currency is GBP.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of the recharge of professional fees and finance costs during the year, exclusive of Value Added Tax.  Turnover is recognised as the fair value of the consideration received or receivable and is recognised once the service has been provided.

  
2.3

STOCKS

Stocks represent land and property held for resale and are valued at the lower of cost and net realisable value. Cost includes all direct costs.

 
2.4

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.

 
2.5

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.

 
2.6

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.

Page 2

 
JESUS COLLEGE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

DEED OF COVENANT

The deed of covenant payable to the parent undertaking is recognised when it becomes legally payable.


3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


STOCKS

2023
2022
£
£

Development land
393,174
393,174



5.


DEBTORS

2023
2022
£
£


Other debtors
7,995
5,593

Prepayments and accrued income
394,688
-

402,683
5,593



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
89,249
112,496

Amounts owed to group undertakings
469,386
456,355

Other creditors
15,000
-

Accruals and deferred income
389,164
1,800

962,799
570,651


Page 3

 
JESUS COLLEGE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2022 - 1) Ordinary share of £1.00
1
1



8.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 30 June 2023 was unqualified.

The audit report was signed on 17 November 2023 by Kelly Bretherick (Senior Statutory Auditor) on behalf of Peters Elworthy & Moore.

 
Page 4