Four J Developments Limited Filleted Accounts Cover
Four J Developments Limited
Company No. 12244856
Information for Filing with The Registrar
31 October 2023
Four J Developments Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 October 2023.
Principal activities
The principal activity of the company during the year under review was property development.
Directors
The Directors who served at any time during the year were as follows:
B. James
D.L. Jones
P. Kirkpatrick-Jones
Z. Kirkpatrick-Jones
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
B. James
Director
30 July 2024
Four J Developments Limited Balance Sheet Registrar
at
31 October 2023
Company No.
12244856
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
155,05913,378
155,05913,378
Current assets
Stocks
5
-1,214,804
Debtors
6
78,041103,217
Cash at bank and in hand
73,68832,581
151,7291,350,602
Creditors: Amount falling due within one year
7
(377,360)
(398,527)
Net current (liabilities)/assets
(225,631)
952,075
Total assets less current liabilities
(70,572)
965,453
Creditors: Amounts falling due after more than one year
8
(161,014)
(955,072)
Provisions for liabilities
Deferred taxation
(38,764)
(2,542)
Net (liabilities)/assets
(270,350)
7,839
Capital and reserves
Called up share capital
120120
Profit and loss account
10
(270,470)
7,719
Total equity
(270,350)
7,839
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 October 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 July 2024 and signed on its behalf by:
B. James
Director
30 July 2024
Four J Developments Limited Notes to the Accounts Registrar
for the year ended 31 October 2023
1
General information
Four J Developments Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12244856
Its registered office is:
37 The Drive
Checketts Lane
Worcester
WR3 7JS
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
20% Straight line
Motor vehicles
20% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Stocks
Work in progress is reflected in the accounts on a contract by contract basis and is valued at the lower of cost and net realisable value.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.


Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability.

Assets held under finance leases are depreciated in the same way as owned assets.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
44
4
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost or revaluation
At 1 November 2022
33,217-33,217
Additions
-185,405185,405
At 31 October 2023
33,217185,405218,622
Depreciation
At 1 November 2022
19,839-19,839
Charge for the year
6,64337,08143,724
At 31 October 2023
26,48237,08163,563
Net book values
At 31 October 2023
6,735148,324155,059
At 31 October 2022
13,378
-
13,378
5
Stocks
2023
2022
£
£
Work in progress
-1,214,804
-1,214,804
6
Debtors
2023
2022
£
£
Corporation tax recoverable
16,5969,938
VAT recoverable
-32,550
Loans to directors
51,22430,431
Other debtors
8,81928,298
Prepayments and accrued income
1,4022,000
78,041103,217
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,00010,000
Other loans
5,820-
Obligations under finance lease and hire purchase contracts
21,8076,597
Trade creditors
27345,380
Taxes and social security
21,507
12,204
Loans from directors
276,855266,733
Other creditors
37,780-
Accruals and deferred income
3,31857,613
377,360398,527
Loans are secured against land purchased for future development. The charges are as detailed with Companies House.
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
17,75825,833
Other loans
-925,410
Obligations under finance lease and hire purchase contracts
143,2563,829
161,014955,072
9
Creditors: secured liabilities
2023
2022
£
£
The aggregate amount of secured liabilities included within creditors
-925,410
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Advances and credits to directors
2023
£
At 1 November 2022
30,431
Advanced in the period
44,278
Amounts repaid in the period
23,485
At 31 October 2023
51,224
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