JF Management (Bradford) Ltd 08834224 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is building construction. Digita Accounts Production Advanced 6.30.9574.0 true true 08834224 2022-02-01 2023-01-31 08834224 2023-01-31 08834224 core:RetainedEarningsAccumulatedLosses 2023-01-31 08834224 core:ShareCapital 2023-01-31 08834224 core:FinancialAssetsAmortisedCost core:Non-currentFinancialInstruments 2023-01-31 08834224 core:CurrentFinancialInstruments 2023-01-31 08834224 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 08834224 core:Non-currentFinancialInstruments 2023-01-31 08834224 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 08834224 bus:SmallEntities 2022-02-01 2023-01-31 08834224 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 08834224 bus:FullAccounts 2022-02-01 2023-01-31 08834224 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 08834224 bus:RegisteredOffice 2022-02-01 2023-01-31 08834224 bus:Director1 2022-02-01 2023-01-31 08834224 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08834224 countries:EnglandWales 2022-02-01 2023-01-31 08834224 2021-02-01 2022-01-31 08834224 2022-01-31 08834224 core:RetainedEarningsAccumulatedLosses 2022-01-31 08834224 core:ShareCapital 2022-01-31 08834224 core:CurrentFinancialInstruments 2022-01-31 08834224 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 08834224 core:Non-currentFinancialInstruments 2022-01-31 08834224 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 08834224

JF Management (Bradford) Ltd



Filleted Unaudited Financial Statements

for the Year Ended 31 January 2023

 

JF Management (Bradford) Ltd

 

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 January 2023

Note

2023
£

2022
£

Turnover

 

5,956,294

7,000,422

Cost of sales

 

(5,954,651)

(6,998,284)

Gross profit

 

1,643

2,138

Administrative expenses

 

(31,077)

(1,310)

Operating (loss)/profit

 

(29,434)

828

Other interest receivable and similar income

 

-

186,366

Interest payable and similar charges

 

(163,879)

(133,219)

 

(163,879)

53,147

(Loss)/profit before tax

(193,313)

53,975

(Loss)/profit for the financial year

 

(193,313)

53,975

Retained earnings brought forward

 

(850)

(54,825)

Retained earnings carried forward

 

(194,163)

(850)

 

JF Management (Bradford) Ltd

 

(Registration number: 08834224)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Non-current assets

 

Other financial assets

4

16,376,004

10,580,403

Current assets

 

Debtors

5

742,321

620,612

Cash at bank and in hand

 

50,590

31,245

 

792,911

651,857

Creditors: Amounts falling due within one year

6

(17,327,156)

(11,192,390)

Net current liabilities

 

(16,534,245)

(10,540,533)

Total assets less current liabilities

 

(158,241)

39,870

Creditors: Amounts falling due after more than one year

6

(35,921)

(40,719)

Net liabilities

 

(194,162)

(849)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(194,163)

(850)

Total equity

 

(194,162)

(849)

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

JF Management (Bradford) Ltd

 

(Registration number: 08834224)
Balance Sheet as at 31 January 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 April 2024
 

.........................................
Mr J Grunfeld
Director

 

JF Management (Bradford) Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2nd Floor - Parkgates
Bury New Road
Prestwich
M25 0TL
United Kingdom

These financial statements were authorised for issue by the director on 18 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

JF Management (Bradford) Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

JF Management (Bradford) Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Other financial assets (current and non-current)

Financial assets at amortised cost
£

Total
£

Non-current financial assets

Cost or valuation

At 1 February 2022

11,915,845

11,915,845

Additions

5,686,224

5,686,224

Disposals

(1,226,065)

(1,226,065)

At 31 January 2023

16,376,004

16,376,004

Impairment

Carrying amount

At 31 January 2023

16,376,004

16,376,004

5

Debtors

Current

2023
£

2022
£

Other debtors

742,321

620,612

 

742,321

620,612

 

JF Management (Bradford) Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

15,373,311

10,460,136

Trade creditors

 

1,570,017

576,670

Taxation and social security

 

120,804

52,341

Accruals and deferred income

 

157,436

54,919

Other creditors

 

105,588

48,324

 

17,327,156

11,192,390

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

35,921

40,719

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

35,921

40,719

 

JF Management (Bradford) Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

2023
£

2022
£

Current loans and borrowings

Bank borrowings

5,570

5,570

Other borrowings

15,367,741

10,454,566

15,373,311

10,460,136