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Registered number: NI058324
JNJ HOMES LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
JAMES SAVAGE & CO
88 LISTOODER ROAD
SAINTFIELD
BT24 7JX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI058324
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 4,846
- 4,846
CURRENT ASSETS
Stocks 5 - 22,500
Debtors 6 2,610 8,953
Cash at bank and in hand 17,802 280
20,412 31,733
Creditors: Amounts Falling Due Within One Year 7 (15,611 ) (33,996 )
NET CURRENT ASSETS (LIABILITIES) 4,801 (2,263 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,801 2,583
Creditors: Amounts Falling Due After More Than One Year 8 (11,078 ) (12,719 )
NET LIABILITIES (6,277 ) (10,136 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (6,279 ) (10,138 )
SHAREHOLDERS' FUNDS (6,277) (10,136)
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Norman Jess
Director
23/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
JNJ HOMES LIMITED is a private company, limited by shares, incorporated in Northern Ireland, registered number NI058324 . The registered office is 10 Mayfield Avenue, Dromara, Dromore, Down, BT25 2NP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director believes that the going concern basis is not appropriate as the company has no realistic alternative but to cease trading due to insolvency. The financial statements have therefore been prepared under the break-up basis. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Nil
Motor Vehicles Nil
Fixtures & Fittings Nil
Computer Equipment Nil
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 29,462 18,650 948 - 49,060
Disposals (29,462 ) (18,650 ) - (948 ) (49,060 )
As at 31 March 2024 - - 948 (948 ) -
Depreciation
As at 1 April 2023 25,028 18,296 890 - 44,214
Disposals (25,028 ) (18,296 ) - (890 ) (44,214 )
As at 31 March 2024 - - 890 (890 ) -
Net Book Value
As at 31 March 2024 - - 58 (58 ) -
As at 1 April 2023 4,434 354 58 - 4,846
5. Stocks
2024 2023
£ £
Work in progress - 22,500
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 205
Other debtor - Mayfield Ave Property - 8,748
Director's loan account 2,610 -
2,610 8,953
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 15,000
Other creditors 15,061 359
Accruals and deferred income 550 550
Director's loan account - 18,087
15,611 33,996
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,078 12,719
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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