Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false2Retail sale of newspapers and stationery in specialised stores2023-06-012falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC243190 2023-06-01 2024-05-31 SC243190 2022-06-01 2023-05-31 SC243190 2024-05-31 SC243190 2023-05-31 SC243190 c:Director1 2023-06-01 2024-05-31 SC243190 c:Director2 2023-06-01 2024-05-31 SC243190 c:RegisteredOffice 2023-06-01 2024-05-31 SC243190 d:FreeholdInvestmentProperty 2023-06-01 2024-05-31 SC243190 d:FreeholdInvestmentProperty 2024-05-31 SC243190 d:FreeholdInvestmentProperty 2023-05-31 SC243190 d:CurrentFinancialInstruments 2024-05-31 SC243190 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC243190 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC243190 d:ShareCapital 2024-05-31 SC243190 d:ShareCapital 2023-05-31 SC243190 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC243190 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC243190 c:OrdinaryShareClass1 2023-06-01 2024-05-31 SC243190 c:OrdinaryShareClass1 2024-05-31 SC243190 c:OrdinaryShareClass1 2023-05-31 SC243190 c:FRS102 2023-06-01 2024-05-31 SC243190 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC243190 c:FullAccounts 2023-06-01 2024-05-31 SC243190 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC243190 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC243190










FJM DEVELOPMENTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
FJM DEVELOPMENTS LIMITED
 

COMPANY INFORMATION


Directors
F McDonald 
M McDonald 




Registered number
SC243190



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
FJM DEVELOPMENTS LIMITED
REGISTERED NUMBER: SC243190

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
£
£

Fixed assets
  

Investment property
 4 
186,860
303,054

  
186,860
303,054

Current assets
  

Cash at bank and in hand
  
149,304
19,702

  
149,304
19,702

Creditors: amounts falling due within one year
 5 
(124,304)
(111,788)

Net current assets/(liabilities)
  
 
 
25,000
 
 
(92,086)

Total assets less current liabilities
  
211,860
210,968

  

Net assets
  
211,860
210,968


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
211,858
210,966

  
211,860
210,968


Page 1

 
FJM DEVELOPMENTS LIMITED
REGISTERED NUMBER: SC243190

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 November 2024.




M McDonald
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FJM DEVELOPMENTS LIMITED
 

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

1.


General information

FJM Developments Limited is a private company, limited by shares, incorporated in Scotland with registration number SC243190. The registered office is 14 City Quay, Dundee, DD1 3JA. The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
FJM DEVELOPMENTS LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2


4.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
303,054


Disposals
(116,194)



At 31 May 2024
186,860

The 2024 valuations were made by the directors, on an open market value for existing use basis.







Page 4

 
FJM DEVELOPMENTS LIMITED
 

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

5.


Creditors: Amounts falling due within one year

2024
£

Other taxation and social security
5,076

Other creditors
118,328

Accruals and deferred income
900

124,304



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2


Page 5