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Registration number: 03565099

J & D Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

J & D Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

J & D Properties Limited

Company Information

Directors

Mr John Howard Perry

Mr Nicholas John Perry

Mr Simon Christopher Perry

Mr David John Graves

Company secretary

Mr John Howard Perry

Registered office

Sheerdrop Penshurst Road
Bidborough
Tunbridge Wells
Kent
TN3 0XJ

Accountants

Charter Tax Consulting Limited
8th Floor
1 Southampton Street
London
WC2R 0LR

 

J & D Properties Limited

(Registration number: 03565099)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

146,539

108,971

Debtors

5

277,405

722,234

Cash at bank and in hand

 

1,864,814

2,449,922

 

2,288,758

3,281,127

Creditors: Amounts falling due within one year

6

(262,826)

(1,249,637)

Net assets

 

2,025,932

2,031,490

Capital and reserves

 

Called up share capital

626,698

626,698

Retained earnings

1,399,234

1,404,792

Shareholders' funds

 

2,025,932

2,031,490

 

J & D Properties Limited

(Registration number: 03565099)
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.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 November 2024 and signed on its behalf by:
 


Mr John Howard Perry
Company secretary and director


Mr David John Graves
Director

 

J & D Properties 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 & Wales.

The address of its registered office is:
Sheerdrop Penshurst Road
Bidborough
Tunbridge Wells
Kent
TN3 0XJ
England

These financial statements were authorised for issue by the Board on 11 November 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of land and property in the ordinary course of the company’s activities. Turnover is shown net of 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.

Tax

The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

J & D Properties Limited

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

Depreciation

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

Stocks

Work in progress is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less estimated costs of completion and selling costs. Costs include all direct costs and an appropriate proportion of fixed and variable overheads.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

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

4

Stocks

2024
£

2023
£

Work in progress

146,539

108,971

 

J & D Properties Limited

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

5

Debtors

Current

2024
£

2023
£

Prepayments

283

233

John Perry Discretionary Settlement 2017

7,500

600

Wheelers Yard Management Company

2,048

-

Phoenix Yard

4,223

-

Four Winds Farm

3,500

238,927

Panfile Limited

140,160

-

Accrued income - Panfile Ltd

60,301

59,852

Corporation tax

53,257

-

VAT Control account

748

1,921

D Graves - Directors Loan Account

5,385

420,701

 

277,405

722,234

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

6,026

Panfile Limited

-

948,503

Panfile Ltd - Interest

197,406

121,907

Accruals

64,968

3,565

Corporation tax

-

169,184

JH Perry - Directors Loan Account

452

452

262,826

1,249,637

 

J & D Properties Limited

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

7

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mr David John Graves

Directors loan account. Interest is charged at a rate of 2.49% and is repayable on demand.

420,701

7,784

(423,100)

5,385

2023

At 1 April 2022
£

Advances to director
£

At 31 March 2023
£

Mr David John Graves

Directors loan account. Interest is charged at a rate of 2.49% and is repayable on demand.

-

420,701

420,701

Summary of transactions with other related parties

J H Perry, N J Perry and S C Perry, directors of this company are also partners in Four Winds Farm. Amounts owed by the company were £Nil (2023 - £Nil), in relation to expenses paid on behalf of the partnership. Amounts owed to the company from Four Winds Farm at the end of the period was £3,500 (2023 - £238,927).

J H Perry, N J Perry, S C Perry and D J Graves, directors of this company are also directors in Panfile Limited. Panfile incurred costs on behalf of J&D Properties, at the year-end a debtor balance of £140,160 (2023 - £948,503 creditor balance). Interest is accruing on this loan at market rate and at the year-end, interest of £197,406 (2023 - £121,907) has accrued. In addition, money has been loaned from J & D Properties Limited to Panfile Limited. Interest on this loan accrued at market rate and at the year-end the amount due to J & D Properties Limited was £60,301 (2023 - £59,852).