Registration number:
Jevington Quarry Limited
for the Year Ended 30 June 2024
Jevington Quarry Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Jevington Quarry Limited
Company Information
Directors |
DJ Lynch SAC Dudman |
Registered office |
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Accountants |
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Jevington Quarry Limited
(Registration number: 09617440)
Balance Sheet as at 30 June 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Other reserves |
39,625 |
39,625 |
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Retained earnings |
20,591 |
14,925 |
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Shareholders' funds |
60,316 |
54,650 |
For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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 directors have not delivered to the registrar a copy of the Profit and Loss Account.
Jevington Quarry Limited
(Registration number: 09617440)
Balance Sheet as at 30 June 2024
Approved and authorised by the
.........................................
DJ Lynch
Director
.........................................
SAC Dudman
Director
Jevington Quarry Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered relevant information, including the impact of subsequent events in making their assessment.
Revenue recognition
Revenue represents amounts receivable for rental income and is recognised on an accruals basis.
Tangible assets
Property, plant and equipment are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Included in property, plant and equipment is freehold land. Freehold land is stated at cost and is not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the income statement.
Jevington Quarry Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Investment property
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Jevington Quarry Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Taxation charge |
The tax for the period is attributable to: |
2024 |
2023 |
Total tax charge for period |
- |
- |
Tangible assets |
Land and buildings |
Total |
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Cost |
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At 1 July 2023 |
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At 30 June 2024 |
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Depreciation |
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At 1 July 2023 |
- |
- |
At 30 June 2024 |
- |
- |
Carrying amount |
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At 30 June 2024 |
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At 30 June 2023 |
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Included within the net book value of land and buildings above is £185,523 (2023 - £185,523) in respect of freehold land.
Jevington Quarry Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Investment properties |
Total
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At 1 July 2023 |
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At 30 June 2024 |
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Investment property comprises residential property and is stated at fair value. The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year end by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
The historic cost of investment property is £406,794 (2023: £406,794).
Debtors |
Current |
2024 |
2023 |
Prepayments |
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- |
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- |
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Accruals and deferred income |
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Other creditors |
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Jevington Quarry Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Related party transactions |
Summary of transactions with entities with joint control or significant interest
At the year end, the company owed Dudman Investments Limited, the joint controlling entity £292,605 (2023: £292,605). This is included within amounts due to controlling entities with no interest charged and repayable on demand.
At the year end, the company owed Lynver Developments Limited, the joint controlling entity £92,762 (2023: £92,762). This is included within amounts due to controlling entities with no interest charged and repayable on demand.
At the year end, the company owed a connected company £201,344 (2023: £201,344). This is included within other payables with no interest charged and repayable on demand.
Jevington Quarry Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |