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REGISTERED NUMBER: 01910658 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 August 2023

for

Janith Homes Limited

Janith Homes Limited (Registered number: 01910658)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Janith Homes Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: M P Bastow



SECRETARY: M P Bastow



REGISTERED OFFICE: The Rookery
Walcott
Norfolk
NR12 0PF



REGISTERED NUMBER: 01910658 (England and Wales)



ACCOUNTANTS: JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA



BANKERS: Barclays Bank Plc
PO Box 88
15 Hall Quay
Great Yarmouth
Norfolk
NR30 1HW

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Janith Homes Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Janith Homes Limited for the year ended 31 August 2023 which comprise the Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Janith Homes Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Janith Homes Limited and state those matters that we have agreed to state to the director of Janith Homes Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Janith Homes Limited and its director for our work or for this report.

It is your duty to ensure that Janith Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Janith Homes Limited. You consider that Janith Homes Limited 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 financial statements of Janith Homes Limited. 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 financial statements.






JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA


14 March 2024

Janith Homes Limited (Registered number: 01910658)

Abridged Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,026 98,430
Investments 5 75 75
105,101 98,505

CURRENT ASSETS
Stocks 3,732 5,597
Debtors 1,128,291 1,429,450
Cash at bank and in hand 653,110 383,218
1,785,133 1,818,265
CREDITORS
Amounts falling due within one year 271,531 241,547
NET CURRENT ASSETS 1,513,602 1,576,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,618,703

1,675,223

CAPITAL AND RESERVES
Called up share capital 147,000 147,000
Capital redemption reserve 3,000 3,000
Retained earnings 1,468,703 1,525,223
SHAREHOLDERS' FUNDS 1,618,703 1,675,223

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

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

Janith Homes Limited (Registered number: 01910658)

Abridged Balance Sheet - continued
31 August 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 March 2024 and were signed by:





M P Bastow - Director


Janith Homes Limited (Registered number: 01910658)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Janith Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Janith Homes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other 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.
Plant and machinery etc - 33% on cost, 25% on cost, 20% on cost, 10% on cost and 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Janith Homes Limited (Registered number: 01910658)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2022 - 46 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 886,909
Additions 37,426
Disposals (9,034 )
At 31 August 2023 915,301
DEPRECIATION
At 1 September 2022 788,479
Charge for year 30,830
Eliminated on disposal (9,034 )
At 31 August 2023 810,275
NET BOOK VALUE
At 31 August 2023 105,026
At 31 August 2022 98,430

Janith Homes Limited (Registered number: 01910658)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 September 2022
and 31 August 2023 75
NET BOOK VALUE
At 31 August 2023 75
At 31 August 2022 75

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
M P Bastow
Balance outstanding at start of year 492,393 634,002
Amounts advanced 200,495 492,393
Amounts repaid (492,393 ) (634,002 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 200,495 492,393

The director's loan account was unsecured, interest free and was repaid on 26 October 2023.

7. RELATED PARTY DISCLOSURES

During the year the company paid rents of £78,000 (2022: £78,000) to its parent undertaking Black Kettle (Norfolk) Limited and £52,000 (2022: £46,000) to its subsidiary undertaking Incatern Limited in respect of properties from which the company trades. The level of rents charged was agreed between the companies without obtaining any formal assessment of the market rent.