REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
JSJ HOMES LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
JSJ HOMES LIMITED |
JSJ HOMES LIMITED (REGISTERED NUMBER: 07784718) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
JSJ HOMES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Medina House |
2 Station Avenue |
Bridlington |
East Yorkshire |
YO16 4LZ |
JSJ HOMES LIMITED (REGISTERED NUMBER: 07784718) |
BALANCE SHEET |
30 NOVEMBER 2023 |
30.11.23 | 30.11.22 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his 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. |
The financial statements were approved by the director and authorised for issue on |
JSJ HOMES LIMITED (REGISTERED NUMBER: 07784718) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
JSJ Homes Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The director has taken the decision to cease the operation of the company, after the year end, and to liquidate its assets. The financial statements have been prepared on a break-up basis. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover is derived from the construction and sale of residential dwellings. |
Stocks |
Stock and work in progress is valued at the lower of cost and net realisable value. Where items are in stock for a long period the directors will estimate their realisable value, and make provisions, where necessary. The directors constantly review and consider the stock and work in progress levels and monitor the future sale of the developments. Information is received from independent property professionals and review of the current market. |
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 |
JSJ HOMES LIMITED (REGISTERED NUMBER: 07784718) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
Accrued expenses |
6. | RELATED PARTY DISCLOSURES |
During the year, a loan existed with JSJ Consultancy limited, a group company, of £Nil (2022 - £515,193) was due and is included in creditors: amounts falling due within one year. Interest charged in the year on the loan was £55,831 (2022 - £68,255). This interest was included within stocks in current assets as it relates to ongoing building projects. As the building projects have completed in the year this interest has been released as part of the cost of sales. |
During the year, a loan existed with JSJ Partnership Limited, the parent company, at the balance sheet date of £Nil (2022 - £1,882) was included in creditors. |
During the year an intercompany loan due to JSJ Partnership Limited was written off - this amounted to £29,069. |
At the year end, amounts of £Nil (2022 - £251) are included within trade debtors from parties related to the director, Mr J S Blakey. |
7. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary of JSJ Partnership Limited, the parent company, registered in England and Wales under the company number 06677847. |