Company Registration No. 11414246 (England and Wales)
JPAD Homes Ltd
Unaudited accounts
for the year ended 30 April 2023
JPAD Homes Ltd
Unaudited accounts
Contents
JPAD Homes Ltd
Company Information
for the year ended 30 April 2023
Director
Francis David Minihan
Company Number
11414246 (England and Wales)
Registered Office
210 COAL CLOUGH LANE
BURNLEY
LANCASHIRE
BB11 4NJ
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
JPAD Homes Ltd
Accountants' report
Accountants' report to the director of JPAD Homes Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
JPAD Homes Ltd for the year ended
30 April 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of JPAD Homes Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of JPAD Homes Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JPAD Homes Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that JPAD Homes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of JPAD Homes Ltd. You consider that JPAD Homes Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of JPAD Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
2 November 2023
JPAD Homes Ltd
Statement of financial position
as at 30 April 2023
Investment property
300,000
300,000
Cash at bank and in hand
-
267
Creditors: amounts falling due within one year
(124,781)
(143,028)
Net current liabilities
(122,791)
(140,672)
Total assets less current liabilities
177,209
159,328
Creditors: amounts falling due after more than one year
(146,880)
(146,880)
Called up share capital
100
100
Revaluation reserve
67,055
67,055
Profit and loss account
(36,826)
(54,707)
Shareholders' funds
30,329
12,448
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 January 2024 and were signed on its behalf by
Francis David Minihan
Director
Company Registration No. 11414246
JPAD Homes Ltd
Notes to the Accounts
for the year ended 30 April 2023
JPAD Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11414246. The registered office is 210 COAL CLOUGH LANE, BURNLEY, LANCASHIRE, BB11 4NJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 May 2022
300,000
Amounts falling due within one year
Deferred tax asset
1,089
1,089
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
288
-
Other creditors
12,860
14,440
Loans from directors
110,421
127,519
JPAD Homes Ltd
Notes to the Accounts
for the year ended 30 April 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
146,880
146,880
Aggregate of amounts that fall due for payment after five years
146,880
146,880
8
Transactions with related parties
At the balance sheet date the company owed £5,770 (2022 - £12,764) to Minihan Group Limited, a related party.
The company was owed £1,150 (2022 - £1,000) by Minihan Properties Limited, a related party.
These balances are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).