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REGISTERED NUMBER: 07784718 (England and Wales)











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: J S Blakey





REGISTERED OFFICE: 6 Redcliff Road
Melton Office Village
Melton
East Yorkshire
HU14 3RS





REGISTERED NUMBER: 07784718 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
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 - 626,746
Debtors 4 12,527 27,892
Cash at bank 4,095 4,168
16,622 658,806
CREDITORS
Amounts falling due within one year 5 3,000 624,618
NET CURRENT ASSETS 13,622 34,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,622

34,188

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 12,622 33,188
13,622 34,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 31 October 2024 and were signed by:





J S Blakey - Director


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 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.

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 1 (2022 - 3 ) .

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 - 251
Other debtors 12,500 12,500
VAT 27 15,141
12,527 27,892

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors - 96,753
Amounts owed to group undertakings - 517,075
Other creditors - 8,790
Accrued expenses 3,000 2,000
3,000 624,618

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.