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REGISTERED NUMBER: 05595982 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 October 2023

for

JAG Homes Limited

JAG Homes Limited (Registered number: 05595982)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAG Homes Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: J Godbehere





REGISTERED OFFICE: Hall Farm Cottage
Main Street
Styrrup
Doncaster
DN11 8NB





REGISTERED NUMBER: 05595982 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

JAG Homes Limited (Registered number: 05595982)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,995 11,267

CURRENT ASSETS
Stocks 201,895 199,212
Debtors 5 14,133 53,554
Cash at bank 1,951 164
217,979 252,930
CREDITORS
Amounts falling due within one year 6 266,150 249,823
NET CURRENT (LIABILITIES)/ASSETS (48,171 ) 3,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,176

)

14,374

CREDITORS
Amounts falling due after more than one
year

7

3,836

5,785
NET (LIABILITIES)/ASSETS (42,012 ) 8,589

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (42,014 ) 8,587
SHAREHOLDERS' FUNDS (42,012 ) 8,589

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

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

JAG Homes Limited (Registered number: 05595982)

Balance Sheet - continued
31 October 2023


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

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 8 December 2023 and were signed by:





J Godbehere - Director


JAG Homes Limited (Registered number: 05595982)

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

1. STATUTORY INFORMATION

JAG 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.

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.

Turnover
Turnover is measured at the fair value of work part or fully completed, excluding value added tax.

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 - 15% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any any accumulated impairment losses.

Stocks
Stock consists of land at is measured at cost.

Financial instruments
The company only enters into basic financial instruments 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,

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

JAG Homes Limited (Registered number: 05595982)

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

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 23,346 1,165 4,995 29,506
Additions 736 133 - 869
At 31 October 2023 24,082 1,298 4,995 30,375
DEPRECIATION
At 1 November 2022 14,055 770 3,414 18,239
Charge for year 1,505 241 395 2,141
At 31 October 2023 15,560 1,011 3,809 20,380
NET BOOK VALUE
At 31 October 2023 8,522 287 1,186 9,995
At 31 October 2022 9,291 395 1,581 11,267

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 14,133 53,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 1,855 1,872
Trade creditors 34 1,414
Taxation and social security 19,747 13,611
Other creditors 244,514 232,926
266,150 249,823

JAG Homes Limited (Registered number: 05595982)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 3,836 5,785

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.23 31.10.22
£    £   
Within one year - 12,000
Between one and five years - 37,000
- 49,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Godbehere.