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REGISTERED NUMBER: 05684539 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NJS DEVELOPMENTS LIMITED

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NJS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Botham
S McCrystal
N Pearson





SECRETARY: N Pearson





REGISTERED OFFICE: Yew Tree House
The Shubbery
10 Church Street
St Neots
Cambridgeshire
PE19 2BU





REGISTERED NUMBER: 05684539 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 313 577
Investment property 5 1,102,590 1,160,000
1,102,903 1,160,577

CURRENT ASSETS
Debtors 6 2,261 1,987
Cash at bank 11,614 27,090
13,875 29,077
CREDITORS
Amounts falling due within one year 7 9,344 19,928
NET CURRENT ASSETS 4,531 9,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,107,434

1,169,726

CREDITORS
Amounts falling due after more than one year 8 (390,642 ) (398,492 )

PROVISIONS FOR LIABILITIES (99,378 ) (110,352 )
NET ASSETS 617,414 660,882

CAPITAL AND RESERVES
Called up share capital 30 30
Fair value reserve 10 423,451 332,498
Retained earnings 193,933 328,354
SHAREHOLDERS' FUNDS 617,414 660,882

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.

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

STATEMENT OF FINANCIAL POSITION - 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 18 October 2024 and were signed on its behalf by:





N Pearson - Director


NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

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

1. STATUTORY INFORMATION

NJS Developments 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis which assumes the continued support of the directors.

Turnover
Turnover represents net rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

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

2. ACCOUNTING POLICIES - continued

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 12,305 672 12,977
DEPRECIATION
At 1 April 2023 11,824 576 12,400
Charge for year 250 14 264
At 31 March 2024 12,074 590 12,664
NET BOOK VALUE
At 31 March 2024 231 82 313
At 31 March 2023 481 96 577

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,160,000
Revaluations (57,410 )
At 31 March 2024 1,102,590
NET BOOK VALUE
At 31 March 2024 1,102,590
At 31 March 2023 1,160,000

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 174,382
Valuation in 2018 373,500
Valuation in 2019 (100,000 )
Valuation in 2020 952,118
Valuation in 2021 140,000
Valuation in 2022 117,250
Valuation in 2023 (497,250 )
Valuation in 2024 (57,410 )
1,102,590

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 590,039 590,039

Investment property was last valued on an open market basis on 31 March 2024 by the directors and estate agents .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments 2,261 1,987

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans 2,189 2,189
Trade creditors 1 11,882
Other creditors 2,563 2,563
Directors' current accounts 2,400 1,200
Accrued expenses 2,191 2,094
9,344 19,928

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other loans - 1-2 years 2,189 2,189
Other loans - 2-5 years 6,567 6,567
Other loans more 5yrs instal 51,185 53,324
Other loans more 5yrs non-inst 330,701 336,412
390,642 398,492

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 330,701 336,412

Repayable by instalments
Other loans more 5yrs instal 51,185 53,324

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Other loans 392,831 400,681

The mortgages are secured on the freehold property plus a personal guarantee given by the directors.

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 332,498
Reserve transfer 90,953

At 31 March 2024 423,451

Reserves includes non distributable reserves of £423,451 (2023: £332,498).

11. RELATED PARTY DISCLOSURES

The ultimate controlling party of the company are the three directors N Pearson, J Botham and S McCrystal by virtue of their shareholdings.

During the year, the Company paid £10,443 (2023: £10,548) to Class Property Services for maintenance works and management services, a partnership, of which N Pearson and J Botham are partners. The balance outstanding at the year end was £Nil (2023: £Nil).