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REGISTERED NUMBER: 04706171 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

J & G DEVELOPMENT LIMITED

J & G DEVELOPMENT LIMITED (REGISTERED NUMBER: 04706171)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & G DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Johnson
P Goodlace





SECRETARY: Mrs L Johnson





REGISTERED OFFICE: 9 Lockestone
Weybridge
Surrey
KT13 8EE





REGISTERED NUMBER: 04706171 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

J & G DEVELOPMENT LIMITED (REGISTERED NUMBER: 04706171)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,068 174
Investments 5 11,849 11,849
25,917 12,023

CURRENT ASSETS
Stocks 725,268 725,268
Debtors 6 1,851 5,944
Cash at bank 6,548 31,154
733,667 762,366
CREDITORS
Amounts falling due within one year 7 403,403 426,904
NET CURRENT ASSETS 330,264 335,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

356,181

347,485

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 356,081 347,385
SHAREHOLDERS' FUNDS 356,181 347,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

J & G DEVELOPMENT LIMITED (REGISTERED NUMBER: 04706171)

BALANCE SHEET - continued
31 MARCH 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 1 October 2024 and were signed on its behalf by:




P Goodlace - Director



J Johnson - Director


J & G DEVELOPMENT LIMITED (REGISTERED NUMBER: 04706171)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

J & G Development 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct property expenditure.

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.

3. EMPLOYEES AND DIRECTORS

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

J & G DEVELOPMENT LIMITED (REGISTERED NUMBER: 04706171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,890
Additions 17,512
At 31 March 2024 20,402
DEPRECIATION
At 1 April 2023 2,716
Charge for year 3,618
At 31 March 2024 6,334
NET BOOK VALUE
At 31 March 2024 14,068
At 31 March 2023 174

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 11,849
NET BOOK VALUE
At 31 March 2024 11,849
At 31 March 2023 11,849

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 652 1,029
Other debtors 1,199 4,915
1,851 5,944

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1 1
Taxation and social security - 13,034
Other creditors 403,402 413,869
403,403 426,904

J & G DEVELOPMENT LIMITED (REGISTERED NUMBER: 04706171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Loans 397,528 407,958

The loans are secured on the properties to which they relate.