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REGISTERED NUMBER: 11064129 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Junction 25 Limited

Junction 25 Limited (Registered number: 11064129)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Junction 25 Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr W A O'Donnell
Mr I Jowett
Mr L W Jowett





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 11064129 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Junction 25 Limited (Registered number: 11064129)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,359 35,449
Investments 5 1,501 16
29,860 35,465

CURRENT ASSETS
Stocks 382,253 200,000
Debtors 6 182,100 749,219
Cash at bank 16,514 27,539
580,867 976,758
CREDITORS
Amounts falling due within one year 7 202,669 82,656
NET CURRENT ASSETS 378,198 894,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,058

929,567

CREDITORS
Amounts falling due after more than one
year

8

(14,667

)

(24,915

)

PROVISIONS FOR LIABILITIES (7,090 ) (8,862 )
NET ASSETS 386,301 895,790

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 386,201 895,690
SHAREHOLDERS' FUNDS 386,301 895,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Junction 25 Limited (Registered number: 11064129)

Balance Sheet - continued
31 December 2023


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 19 September 2024 and were signed on its behalf by:




Mr I Jowett - Director



Mr W A O'Donnell - Director


Junction 25 Limited (Registered number: 11064129)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Junction 25 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.

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 net invoiced sales of constructed properties and building services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value and represents the cost of land and building development costs.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Junction 25 Limited (Registered number: 11064129)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 48,900 27,995 76,895
DEPRECIATION
At 1 January 2023 27,785 13,661 41,446
Charge for year 4,223 2,867 7,090
At 31 December 2023 32,008 16,528 48,536
NET BOOK VALUE
At 31 December 2023 16,892 11,467 28,359
At 31 December 2022 21,115 14,334 35,449

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Investments 16 16
No description 1,485 -
1,501 16

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 10,044
Other debtors 166,364 362,564
Directors' current accounts - 373,705
VAT 5,946 2,826
Prepayments 9,790 80
182,100 749,219

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,501 9,252
Trade creditors 8,684 4,006
Tax 8,332 50,373
Social security and other taxes 3,264 -
Other creditors 27,635 16,575
Directors' current accounts 142,503 -
Accruals and deferred income 2,750 2,450
202,669 82,656

Junction 25 Limited (Registered number: 11064129)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,745 9,484
Bank loans - 2-5 years 4,922 15,431
14,667 24,915

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr W A O'Donnell
Balance outstanding at start of year 373,705 -
Amounts advanced 2,792 373,705
Amounts repaid (519,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (142,503 ) 373,705

11. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to companies with common directors amounted to £36,564 (2022: £1,000).

The balance outstanding on interest free loans provided from companies with common directors and under common control amounted to £1,400 (2021: £16,575).

The balance outstanding on interest free loans provided to companies with common directors amounted to £25,487 (2022: £356,764 DR provided from companies with common directors).