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REGISTERED NUMBER: 05555734 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

JCGS No.2 Limited

JCGS No.2 Limited (Registered number: 05555734)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JCGS No.2 Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs P C Clark
Mr P Clark





SECRETARY: Mrs P C Clark





REGISTERED OFFICE: Units 2 & 3 Parklands Industrial Estate
Forest Road
Denmead
Waterlooville
Hampshire
PO7 6TJ





REGISTERED NUMBER: 05555734 (England and Wales)





ACCOUNTANTS: Sheppard & Co Limited
Chartered Accountants
West Barn, c/o Down Farm
Hindon
Salisbury
Wiltshire
SP3 5TA

JCGS No.2 Limited (Registered number: 05555734)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Investments 4 20,100 20,100
Investment property 5 955,000 955,000
975,100 975,100

CURRENT ASSETS
Debtors 6 1,727,205 1,252,698
Cash at bank 334 319
1,727,539 1,253,017
CREDITORS
Amounts falling due within one year 7 (544,275 ) (74,864 )
NET CURRENT ASSETS 1,183,264 1,178,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,158,364

2,153,253

CAPITAL AND RESERVES
Called up share capital 102 102
Share premium 386,521 386,521
Retained earnings 1,771,741 1,766,630
SHAREHOLDERS' FUNDS 2,158,364 2,153,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





Mr P Clark - Director


JCGS No.2 Limited (Registered number: 05555734)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

JCGS No.2 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 as modified by the revaluation of certain assets.

The financial statements relate to JCGS No 2 Limited as an individual entity.

Turnover
Turnover represents the value of goods and services supplied, excluding value added tax. Turnover represents the rent charged to an associated company and is recognised in the period to which the rent relates.

Investments in subsidiaries
Investments in subsidiary 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 Statement of Income and Retained Earnings, 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 2 (2022 - 2 ) .

JCGS No.2 Limited (Registered number: 05555734)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 100 20,000 20,100
NET BOOK VALUE
At 30 November 2023 100 20,000 20,100
At 30 November 2022 100 20,000 20,100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 955,000
NET BOOK VALUE
At 30 November 2023 955,000
At 30 November 2022 955,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2011 123,642
Valuation in 2016 144,752
Cost 686,606
955,000

If the freehold land and building had not been revalued it would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 686,606 686,606

The investment property was valued on an open market basis on 30 November 2016 by Hughes Ellard Limited .

The Directors have assessed the fair value of the Investment Property at the year end and believe, in their opinion, that this is reflected in the valuation shown in the accounts, previously carried out by Hughes Ellard Limited.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed by group undertakings 1,722,372 1,247,658
Prepayments and accrued income 4,833 5,040
1,727,205 1,252,698

JCGS No.2 Limited (Registered number: 05555734)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors (749 ) -
Amounts owed to participating interests 497,580 30,942
VAT 1,946 4,100
Directors' current accounts 38,664 32,988
Accruals 6,834 6,834
544,275 74,864

8. CONTINGENT LIABILITIES

The company has provided a cross guarantee restricted to £200,000 (2022: £200,000) to it's bankers on behalf of European Exhaust and Catalyst Limited.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs P C Clark.