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REGISTERED NUMBER: 10274040 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR


J D R INITIATIVES LIMITED



J D R INITIATIVES LIMITED (REGISTERED NUMBER: 10274040)








CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





J D R INITIATIVES LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2023









DIRECTOR:

J J D Robinson







REGISTERED OFFICE:

Medina House


2 Station Avenue


Bridlington


East Yorkshire


YO16 4LZ







REGISTERED NUMBER:

10274040 (England and Wales)







ACCOUNTANTS:

Lloyd Dowson Limited


Medina House


2 Station Avenue


Bridlington


East Yorkshire


YO16 4LZ



J D R INITIATIVES LIMITED (REGISTERED NUMBER: 10274040)



BALANCE SHEET

31 JULY 2023



31.7.23

31.7.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

111


278



Investment property

5

250,500


250,500



250,611


250,778




CURRENT ASSETS

Cash at bank

84,483


81,869




CREDITORS

Amounts falling due within one year

6

220,836


220,497



NET CURRENT LIABILITIES

(136,353

)

(138,628

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

114,258


112,150




CREDITORS

Amounts falling due after more than one

year

7

(24,156

)

(29,867

)



PROVISIONS FOR LIABILITIES

(15,748

)

(14,969

)


NET ASSETS

74,354


67,314




CAPITAL AND RESERVES

Called up share capital

9

100


100



Non distributable reserves

10

57,422


58,180



Retained earnings

10

16,832


9,034



SHAREHOLDERS' FUNDS

74,354


67,314




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.



J D R INITIATIVES LIMITED (REGISTERED NUMBER: 10274040)



BALANCE SHEET - continued

31 JULY 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 director and authorised for issue on 23 April 2024 and were signed by:






J J D Robinson - Director




J D R INITIATIVES LIMITED (REGISTERED NUMBER: 10274040)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023


1.

STATUTORY INFORMATION



J D R Initiatives 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.    



Turnover


Turnover represents rental income received and receivable on the residential properties held by the company during the accounting period, excluding discounts, rebates, value added tax and other applicable 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.  


Computer equipment

-

33% on cost



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 1 (2022 - 1 ) .



J D R INITIATIVES LIMITED (REGISTERED NUMBER: 10274040)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2023


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 August 2022


and 31 July 2023

500




DEPRECIATION


At 1 August 2022

222




Charge for year

167




At 31 July 2023

389




NET BOOK VALUE


At 31 July 2023

111




At 31 July 2022

278




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 August 2022


and 31 July 2023

250,500




NET BOOK VALUE


At 31 July 2023

250,500




At 31 July 2022

250,500





Fair value at 31 July 2023 is represented by:

£   



Valuation in 2018

52,649




Valuation in 2021

16,100




Valuation in 2022

4,400




Cost

177,351



250,500





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



31.7.23


31.7.22

£   

£   



Cost

177,351


177,351





The investment properties were valued on an open market basis on 31 July 2023 by the director .



J D R INITIATIVES LIMITED (REGISTERED NUMBER: 10274040)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2023


6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.7.23


31.7.22

£   

£   



Bank loans and overdrafts

5,270


5,400




Taxation and social security

1,644


-




Other creditors

213,922


215,097



220,836


220,497




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



31.7.23


31.7.22

£   

£   



Bank loans

24,156


29,867





Amounts falling due in more than five years:



Repayable by instalments


Bank loans over 5 years

3,076


8,264




8.

SECURED DEBTS



The following secured debts are included within creditors:



31.7.23


31.7.22

£   

£   



Bank loans

29,426


35,267




9.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.7.23


31.7.22


value:

£   

£   



100

Ordinary

£1

100


100




10.

RESERVES


Non



Retained


distributable



earnings


reserves


Totals

£   

£   

£   




At 1 August 2022

9,034


58,180


67,214




Profit for the year

8,040


8,040




Dividends

(1,000

)

(1,000

)



Release of non distributable


reserves

758


(758

)

-




At 31 July 2023

16,832


57,422


74,254