IRIS Accounts Production v24.1.0.578 04227399 director 1.11.22 31.10.23 31.10.23 0 0 true false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042273992022-10-31042273992023-10-31042273992022-11-012023-10-31042273992021-10-31042273992021-11-012022-10-31042273992022-10-3104227399ns15:EnglandWales2022-11-012023-10-3104227399ns14:PoundSterling2022-11-012023-10-3104227399ns10:Director12022-11-012023-10-3104227399ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3104227399ns10:SmallEntities2022-11-012023-10-3104227399ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3104227399ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3104227399ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3104227399ns10:FullAccounts2022-11-012023-10-3104227399ns10:OrdinaryShareClass12022-11-012023-10-3104227399ns10:RegisteredOffice2022-11-012023-10-3104227399ns5:CurrentFinancialInstruments2023-10-3104227399ns5:CurrentFinancialInstruments2022-10-3104227399ns5:ShareCapital2023-10-3104227399ns5:ShareCapital2022-10-3104227399ns5:RetainedEarningsAccumulatedLosses2023-10-3104227399ns5:RetainedEarningsAccumulatedLosses2022-10-3104227399ns5:CostValuation2022-10-3104227399ns5:CostValuation2023-10-3104227399ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3104227399ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3104227399ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 04227399 (England and Wales)















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: M A Joyce





REGISTERED OFFICE: 3 Park Square
Leeds
West Yorkshire
LS1 2NE





REGISTERED NUMBER: 04227399 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
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 4 185,539 185,539
Investment property 5 1,456,507 1,103,714
1,642,046 1,289,253

CURRENT ASSETS
Debtors 6 294,822 428,476
Cash at bank 69,941 778,027
364,763 1,206,503
CREDITORS
Amounts falling due within one year 7 1,646,781 2,135,728
NET CURRENT LIABILITIES (1,282,018 ) (929,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

360,028

360,028

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 360,027 360,027
SHAREHOLDERS' FUNDS 360,028 360,028

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.

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 30 July 2024 and were signed by:





M A Joyce - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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 55 185,484 185,539
NET BOOK VALUE
At 31 October 2023 55 185,484 185,539
At 31 October 2022 55 185,484 185,539

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 1,103,714
Additions 352,793
At 31 October 2023 1,456,507
NET BOOK VALUE
At 31 October 2023 1,456,507
At 31 October 2022 1,103,714

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 8,325 16,541
Amounts owed by related undertakings 232,399 385,449
VAT 49,846 22,223
Prepayments and accrued income 4,252 4,263
294,822 428,476

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,637,238 2,126,174
Accruals and deferred income 9,543 9,554
1,646,781 2,135,728

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: £    £   
1 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.