Company Registration No. SC665213 (Scotland)
JV Abode Ltd
Unaudited accounts
for the year ended 30 June 2023
JV Abode Ltd
Unaudited accounts
Contents
JV Abode Ltd
Company Information
for the year ended 30 June 2023
Directors
Jeanan Verhees
James Verhees
Company Number
SC665213 (Scotland)
Registered Office
6 Roughlands Crescent
Carronshore
Falkirk
FK2 8BY
Accountants
GF Accountancy Services Ltd
4 Rowanhill Way
Port Seton
East Lothian
EH32 0SZ
JV Abode Ltd
Statement of financial position
as at 30 June 2023
Investment property
98,766
98,766
Cash at bank and in hand
13,927
9,624
Creditors: amounts falling due within one year
(1,445)
(1,304)
Net current assets
12,482
8,320
Total assets less current liabilities
111,248
107,086
Creditors: amounts falling due after more than one year
(103,407)
(102,943)
Called up share capital
100
2
Profit and loss account
7,741
4,141
Shareholders' funds
7,841
4,143
For the year ending 30 June 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by
James Verhees
Director
Company Registration No. SC665213
JV Abode Ltd
Notes to the Accounts
for the year ended 30 June 2023
JV Abode Ltd is a private company, limited by shares, registered in Scotland, registration number SC665213. The registered office is 6 Roughlands Crescent , Carronshore, Falkirk, FK2 8BY.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
(51,472)
-
(2,473)
(48,999)
Directors Loan
(51,471)
(2,937)
-
(54,408)
(102,943)
(2,937)
(2,473)
(103,407)
5
Transactions with related parties
The company was under the common control of Mr James Verhees and Miss Jeanan Verhees throughout the current and previous period. Mr James Verhees and Miss Jeanan Verhees are managing directors and equal majority shareholders.
At the start of the year the company owed a total of £102,943 to the directors and this is included in creditors due over one year.
During the period further amounts totaling £464 were advanced to the company by the directors.
At the balance sheet date the company owed a total of £103,407 to the directors and this amount is included in creditors due over one year.
No interest was charged on these loans and there is no fixed date for repayment.
JV Abode Ltd
Notes to the Accounts
for the year ended 30 June 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).