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REGISTERED NUMBER: 03644390 (England and Wales)
















JUST HOUSES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






JUST HOUSES LIMITED (REGISTERED NUMBER: 03644390)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JUST HOUSES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J B Howe
J L Howe
R D Howe



SECRETARY: J B Howe



REGISTERED OFFICE: Co-operative Chambers
4 Manor House Street
Pudsey
Leeds
West Yorkshire
LS28 7BJ



REGISTERED NUMBER: 03644390 (England and Wales)



ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY



BANKERS: Barclays Bank plc
10 Market Street
Bradford
West Yorkshire
BD1 1XW

JUST HOUSES LIMITED (REGISTERED NUMBER: 03644390)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 133,767 93,867
133,767 93,867

CURRENT ASSETS
Debtors 6 249,156 231,682
Cash at bank and in hand 195,163 165,303
444,319 396,985
CREDITORS
Amounts falling due within one year 7 246,221 182,365
NET CURRENT ASSETS 198,098 214,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,865

308,487

CREDITORS
Amounts falling due after more than one
year

8

(92,777

)

(50,202

)

PROVISIONS FOR LIABILITIES (33,442 ) (23,246 )
NET ASSETS 205,646 235,039

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 72 72
Retained earnings 205,474 234,867
SHAREHOLDERS' FUNDS 205,646 235,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

JUST HOUSES LIMITED (REGISTERED NUMBER: 03644390)

BALANCE SHEET - continued
30 APRIL 2024


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 Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





J B Howe - Director


JUST HOUSES LIMITED (REGISTERED NUMBER: 03644390)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Just Houses 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
Revenue represents the fair value of consideration receivable in respect of professional services provided during the year where the right to consideration has been obtained through performance.

Invoices raised but unpaid at the balance sheet date are shown in 'Trade debtors'. Provision has been made for amounts considered to be irrecoverable.

Work on hand at the balance sheet date is included in 'Accrued income' at selling price, being the value of the right to consideration in respect of that work based on its stage of completion.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
The company received government grants in respect of capital expenditure. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accruals model.

JUST HOUSES LIMITED (REGISTERED NUMBER: 03644390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except those financial assets classified at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

JUST HOUSES LIMITED (REGISTERED NUMBER: 03644390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2023
and 30 April 2024 798,500
AMORTISATION
At 1 May 2023
and 30 April 2024 798,500
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 May 2023 139,180
Additions 81,336
Disposals (13,396 )
At 30 April 2024 207,120
DEPRECIATION
At 1 May 2023 45,313
Charge for year 37,739
Eliminated on disposal (9,699 )
At 30 April 2024 73,353
NET BOOK VALUE
At 30 April 2024 133,767
At 30 April 2023 93,867

JUST HOUSES LIMITED (REGISTERED NUMBER: 03644390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 May 2023 75,174
Additions 49,452
At 30 April 2024 124,626
DEPRECIATION
At 1 May 2023 18,793
Charge for year (26,708 )
At 30 April 2024 (7,915 )
NET BOOK VALUE
At 30 April 2024 132,541
At 30 April 2023 56,381

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 37,199 42,722
Other debtors 211,957 188,960
249,156 231,682

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 9) 12,042 7,113
Taxation and social security 104,719 85,887
Other creditors 129,460 89,365
246,221 182,365

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts (see note 9) 74,018 50,202
Other creditors 18,759 -
92,777 50,202

JUST HOUSES LIMITED (REGISTERED NUMBER: 03644390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 12,042 7,113
Between one and five years 74,018 50,202
86,060 57,315

Non-cancellable
operating leases
2024 2023
£ £
Within one year 240 15,851
Between one and five years - 12,502
240 28,353

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£ £
J L Howe
Balance outstanding at start of year - 41,227
Amounts repaid - (41,227 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -