James Nicholas Homes SPV 4 Limited 14811362 false 2023-04-18 2024-03-31 2024-03-31 The principal activity of the company is development of building projects. Digita Accounts Production Advanced 6.30.9574.0 true false true 14811362 2023-04-18 2024-03-31 14811362 2024-03-31 14811362 core:RetainedEarningsAccumulatedLosses 2024-03-31 14811362 core:ShareCapital 2024-03-31 14811362 core:CurrentFinancialInstruments 2024-03-31 14811362 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14811362 bus:SmallEntities 2023-04-18 2024-03-31 14811362 bus:AuditExemptWithAccountantsReport 2023-04-18 2024-03-31 14811362 bus:FullAccounts 2023-04-18 2024-03-31 14811362 bus:SmallCompaniesRegimeForAccounts 2023-04-18 2024-03-31 14811362 bus:RegisteredOffice 2023-04-18 2024-03-31 14811362 bus:Director2 2023-04-18 2024-03-31 14811362 bus:PrivateLimitedCompanyLtd 2023-04-18 2024-03-31 14811362 1 2023-04-18 2024-03-31 14811362 countries:EnglandWales 2023-04-18 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14811362

James Nicholas Homes SPV 4 Limited

Unaudited Financial Statements

for the Period from 18 April 2023 to 31 March 2024

 

James Nicholas Homes SPV 4 Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

James Nicholas Homes SPV 4 Limited

(Registration number: 14811362)
Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Stocks

4

1,599,026

Debtors

5

9,529

Cash at bank and in hand

 

558

 

1,609,113

Creditors: Amounts falling due within one year

6

(1,610,653)

Net liabilities

 

(1,540)

Capital and reserves

 

Called up share capital

1

Retained earnings

(1,541)

Shareholders' deficit

 

(1,540)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

.........................................
Ms JE Ismail
Director

 

James Nicholas Homes SPV 4 Limited

Notes to the Unaudited Financial Statements for the Period from 18 April 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Block C
14 Hulme Street
Salford
Greater Manchester
M5 4ZG
England

2

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

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by its parent company. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

 

James Nicholas Homes SPV 4 Limited

Notes to the Unaudited Financial Statements for the Period from 18 April 2023 to 31 March 2024

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

4

Stocks

2024
£

Work in progress

1,599,026

5

Debtors

2024
£

Other debtors

9,529

 

James Nicholas Homes SPV 4 Limited

Notes to the Unaudited Financial Statements for the Period from 18 April 2023 to 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Owed to group undertakings

1,118,573

Taxation and social security

300

Accruals and deferred income

491,780

1,610,653

Included within owed to group undertakings £1,118,573 is in relation to a loan which is secured by fixed and floating charge dated 4 August 2023 over all the property or undertaking of the company.

7

Parent and ultimate parent undertaking

The immediate parent company is James Nicholas Homes Limited. The share capital of James Nicholas Homes Limited is owned equally by Salboy Partnerships Limited and MPF Holding (Repton) Limited. There is no ultimate controlling party.

Salboy Partnerships is a company incorporated in England and Wales, company number 13626842, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.

The ultimate parent company of Salboy Partnerships Limited is Salboy Limited, incorporated in England and Wales, company number 09123542, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.

MPF Holding (Repton) Limited is a company incorporated in England and Wales, company number 13793421, registered office Unit 9 Albion Gateway, Milan Road, Burton On Trent, United Kingdom, DE13 0FY.