Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-31false2022-06-01Property Development44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08468320 2022-06-01 2023-05-31 08468320 2021-06-01 2022-05-31 08468320 2023-05-31 08468320 2022-05-31 08468320 c:Director1 2022-06-01 2023-05-31 08468320 c:Director2 2022-06-01 2023-05-31 08468320 d:Buildings 2022-06-01 2023-05-31 08468320 d:Buildings 2023-05-31 08468320 d:Buildings 2022-05-31 08468320 d:Buildings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08468320 d:Buildings d:LongLeaseholdAssets 2022-06-01 2023-05-31 08468320 d:OfficeEquipment 2022-06-01 2023-05-31 08468320 d:OfficeEquipment 2023-05-31 08468320 d:OfficeEquipment 2022-05-31 08468320 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08468320 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08468320 d:CurrentFinancialInstruments 2023-05-31 08468320 d:CurrentFinancialInstruments 2022-05-31 08468320 d:Non-currentFinancialInstruments 2023-05-31 08468320 d:Non-currentFinancialInstruments 2022-05-31 08468320 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08468320 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 08468320 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 08468320 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 08468320 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 08468320 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 08468320 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 08468320 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 08468320 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 08468320 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-05-31 08468320 d:ShareCapital 2023-05-31 08468320 d:ShareCapital 2022-05-31 08468320 d:SharePremium 2023-05-31 08468320 d:SharePremium 2022-05-31 08468320 d:RevaluationReserve 2023-05-31 08468320 d:RevaluationReserve 2022-05-31 08468320 d:RetainedEarningsAccumulatedLosses 2023-05-31 08468320 d:RetainedEarningsAccumulatedLosses 2022-05-31 08468320 c:OrdinaryShareClass1 2022-06-01 2023-05-31 08468320 c:OrdinaryShareClass1 2023-05-31 08468320 c:FRS102 2022-06-01 2023-05-31 08468320 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 08468320 c:FullAccounts 2022-06-01 2023-05-31 08468320 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08468320 2 2022-06-01 2023-05-31 08468320 6 2022-06-01 2023-05-31 08468320 3 2023-05-31 08468320 3 2022-05-31 08468320 f:PoundSterling 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08468320









JHB INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
JHB INVESTMENTS LIMITED
REGISTERED NUMBER: 08468320

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,891,449
3,892,048

Investments
 5 
1,457,384
1,390,250

Current assets
  

Debtors: amounts falling due within one year
 6 
398,370
282,938

Cash at bank and in hand
 7 
50,799
34,669

  
449,169
317,607

Creditors: amounts falling due within one year
 8 
(168,301)
(154,083)

Net current assets
  
 
 
280,868
 
 
163,524

Total assets less current liabilities
  
5,629,701
5,445,822

Creditors: amounts falling due after more than one year
 9 
(1,879,528)
(1,987,496)

  

Net assets
  
3,750,173
3,458,326


Capital and reserves
  

Called up share capital 
 11 
52,600
52,600

Share premium account
  
1,190,175
1,190,175

Revaluation reserve
  
1,430,250
1,430,250

Profit and loss account
  
1,077,148
785,301

  
3,750,173
3,458,326


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.
Page 1

 
JHB INVESTMENTS LIMITED
REGISTERED NUMBER: 08468320
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023


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 comprehensive income 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 
on
 21 March 2024.





J E Brewster Esq
H D Brewster Esq
Director
Director


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JHB INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

JHB Investments Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Charles Lake House Claire Causeway, Crossways Business Park, Dartford, Kent, United Kingdom, DA2 6QA. The principal activity of the company is that of property development.

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 rental income received by the company in respect of the freehold property, exclusive of Value Added Tax.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
L/Term Leasehold Property
-
Straight line over the term of the lease (125 years)
Office equipment
-
33.33 Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
JHB INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

  
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at the balance sheet date. A full valuation is obtained from a qualified valuer for each property every five years, with an interim valuation three years after the previous full valuation, and in any year where it is likely that there has been a material change in value.
Revaluation gains and losses are recognised in the statement of comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

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.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
JHB INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 5

 
JHB INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Freehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 June 2022
3,890,250
1,798
3,892,048



At 31 May 2023

3,890,250
1,798
3,892,048



Depreciation


Charge for the year on owned assets
-
599
599



At 31 May 2023

-
599
599



Net book value



At 31 May 2023
3,890,250
1,199
3,891,449



At 31 May 2022
3,890,250
1,798
3,892,048

The 2021 valuations were made by the directors following a valuation made by Copping Joyce Chartered Surveyors in March 2021 on an open market value basis. 

Page 6

 
JHB INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Fixed asset investments





Investments in subsidiary companies
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 June 2022
2,390,250
-
2,390,250


Additions
-
67,134
67,134



At 31 May 2023

2,390,250
67,134
2,457,384



Impairment


At 1 June 2022
1,000,000
-
1,000,000



At 31 May 2023

1,000,000
-
1,000,000



Net book value



At 31 May 2023
1,390,250
67,134
1,457,384



At 31 May 2022
1,390,250
-
1,390,250


6.


Debtors

2023
2022
£
£


Trade debtors
3,369
3,369

Amounts owed by group undertakings
395,001
279,569

398,370
282,938



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
50,799
34,669

50,799
34,669


Page 7

 
JHB INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
53,345
50,685

Trade creditors
15,600
84

Amounts owed to group undertakings
92,615
90,790

Corporation tax
-
5,767

Other taxation and social security
167
183

Accruals and deferred income
6,574
6,574

168,301
154,083



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
905,366
958,712

Other creditors
974,162
1,028,784

1,879,528
1,987,496


Secured loans
Bank loans are secured by way of fixed and floating charges on the company's assets and on freehold property.

Page 8

 
JHB INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
53,345
50,685

Amounts falling due 1-2 years

Bank loans
56,144
53,345

Amounts falling due 2-5 years

Bank loans
186,734
177,424

Amounts falling due after more than 5 years

Bank loans
662,488
727,943

958,711
1,009,397



11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



52,600 Ordinary Shares shares of £1.00 each
52,600
52,600



12.


Related party transactions

Included within other debtors is an amount of £280,001 (2022: £279,569) due from Brewster Estates Limited, a company under common control of the directors.
Included within other creditors due after more than one year, is an amount owed to a director amounting to £974,162 
(2022: £1,028,784).

 
Page 9