REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
for |
JGWCO 178 Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
for |
JGWCO 178 Limited |
JGWCO 178 Limited (Registered number: 04227399) |
Contents of the Financial Statements |
for the Year Ended 31 October 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
JGWCO 178 Limited |
Company Information |
for the Year Ended 31 October 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
3 Park Square |
Leeds |
LS1 2NE |
JGWCO 178 Limited (Registered number: 04227399) |
Balance Sheet |
31 October 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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. |
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 |
JGWCO 178 Limited (Registered number: 04227399) |
Notes to the Financial Statements |
for the Year Ended 31 October 2023 |
1. | STATUTORY INFORMATION |
JGWCO 178 Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents property sales, excluding value added tax. |
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
JGWCO 178 Limited (Registered number: 04227399) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
4. | FIXED ASSET INVESTMENTS |
Shares in | Interest |
group | in |
undertakings | associate | Totals |
£ | £ | £ |
COST |
At 1 November 2022 |
and 31 October 2023 | 185,539 |
NET BOOK VALUE |
At 31 October 2023 | 185,539 |
At 31 October 2022 | 185,539 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 November 2022 |
Additions |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
The director has considered the fair value of the investment properties and believes that the carrying value within the financial statements at 31 October 2023 continues to be fair. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by related undertakings | 232,399 | 385,449 |
VAT |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Accruals and deferred income |
JGWCO 178 Limited (Registered number: 04227399) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 November 2022 | 360,027 |
Profit for the year | - |
At 31 October 2023 | 360,027 |
10. | RELATED PARTY DISCLOSURES |
Controlling parties |
The company is controlled by M A Joyce through his beneficial interest in the parent company Precis (1638) Limited. |
Related party transactions and balances |
Amounts owed to group undertakings | 2023 | 2022 |
£ | £ |
Ratefield Limited | 1,572,918 | 1,580,957 |
Precis (1638) Limited | 64,320 | 545,217 |
Total owed to group undertakings | 1,637,238 | 2,126,174 |
Amounts owed by related undertakings |
AQH Micklegate (2015) Limited | 140,432 | 140,432 |
Seacroft Approach Limited | 91,967 | 245,017 |
Total owed by related undertakings | 232,399 | 385,449 |
Interest paid to group undertakings |
Ratefield Limited | 19,027 | 18,747 |
Precis (1638) Limited | - | 8,057 |
Total interest paid to group undertakings | 19,027 | 26,804 |
During the year the company paid a management charge to Ratefield Limited of £147,981 (2022: £304,092). |
During the year the company received management charges from Seacroft Approach Limited of £105,832 (2022: £243,031). Seacroft Approach Limited is a related party via common control. |
JGWCO 178 Limited (Registered number: 04227399) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
11. | ULTIMATE CONTROLLING PARTY |
The company is under the ultimate control of its director, M A Joyce, through his beneficial interest in the ultimate parent company, Precis (1638) Limited. |