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Registration number: 13841323

James Nicholas Homes Construction Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

James Nicholas Homes Construction Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

James Nicholas Homes Construction Limited

(Registration number: 13841323)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

62,942

84,727

Current assets

 

Debtors

5

895,954

400,702

Cash at bank and in hand

 

4,406

29,778

 

900,360

430,480

Creditors: Amounts falling due within one year

6

(171,759)

(43,096)

Net current assets

 

728,601

387,384

Total assets less current liabilities

 

791,543

472,111

Creditors: Amounts falling due after more than one year

6

(702,571)

(432,339)

Provisions for liabilities

(15,736)

-

Net assets

 

73,236

39,772

Capital and reserves

 

Called up share capital

1

1

Retained earnings

73,235

39,771

Shareholders' funds

 

73,236

39,772

 

James Nicholas Homes Construction Limited

(Registration number: 13841323)
Balance Sheet as at 31 March 2024

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 November 2024
 

.........................................
Mr N M Challener
Director

 

James Nicholas Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Block C
14 Hulme Street
Salford
Greater Manchester
M5 4ZG
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

James Nicholas Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, less estimated residual value, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Furniture, fittings and equipment

Various rates

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

 

James Nicholas Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Plant & machinery
£

Total
£

Cost or valuation

At 1 April 2023

13,980

83,775

97,755

At 31 March 2024

13,980

83,775

97,755

Depreciation

At 1 April 2023

3,454

9,574

13,028

Charge for the year

3,235

18,550

21,785

At 31 March 2024

6,689

28,124

34,813

Carrying amount

At 31 March 2024

7,291

55,651

62,942

At 31 March 2023

10,526

74,201

84,727

5

Debtors

Current

2024
£

2023
£

Other debtors

895,954

400,702

 

James Nicholas Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

96

96

Taxation and social security

-

6,835

Accruals and deferred income

170,645

35,346

Other creditors

1,018

819

171,759

43,096

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Owed to group undertakings

702,571

432,339

7

Parent and ultimate parent undertaking

The immediate parent company is James Nicholas Homes Limited. The share capital of James Nicholas Homes Limited is owned equally by Salboy Partnerships Limited and MPF Holding (Repton) Limited. There is no ultimate controlling party.

Salboy Partnerships is a company incorporated in England and Wales, company number 13626842, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.

The ultimate parent company of Salboy Partnerships Limited is Salboy Limited, incorporated in England and Wales, company number 09123542, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.

MPF Holding (Repton) Limited is a company incorporated in England and Wales, company number 13793421, registered office Unit 9 Albion Gateway, Milan Road, Burton On Trent, United Kingdom, DE13 0FY.