IRIS Accounts Production v24.2.0.383 11817150 Board of Directors 1.3.23 29.2.24 29.2.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118171502023-02-28118171502024-02-29118171502023-03-012024-02-29118171502022-02-28118171502022-03-012023-02-28118171502023-02-2811817150ns15:EnglandWales2023-03-012024-02-2911817150ns14:PoundSterling2023-03-012024-02-2911817150ns10:Director12023-03-012024-02-2911817150ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2911817150ns10:SmallEntities2023-03-012024-02-2911817150ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2911817150ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2911817150ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911817150ns10:FullAccounts2023-03-012024-02-2911817150ns10:Director22023-03-012024-02-2911817150ns10:RegisteredOffice2023-03-012024-02-2911817150ns5:CurrentFinancialInstruments2024-02-2911817150ns5:CurrentFinancialInstruments2023-02-2811817150ns5:Non-currentFinancialInstruments2024-02-2911817150ns5:Non-currentFinancialInstruments2023-02-2811817150ns5:ShareCapital2024-02-2911817150ns5:ShareCapital2023-02-2811817150ns5:RetainedEarningsAccumulatedLosses2024-02-2911817150ns5:RetainedEarningsAccumulatedLosses2023-02-2811817150ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2911817150ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2811817150ns5:DeferredTaxation2023-02-2811817150ns5:DeferredTaxation2023-03-012024-02-2911817150ns5:DeferredTaxation2024-02-29
REGISTERED NUMBER: 11817150 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

J R A Developments Limited

J R A Developments Limited (Registered number: 11817150)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

J R A Developments Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A S Harrold
A D Hall





REGISTERED OFFICE: Design House
Leve Lane
Willenhall
West Midlands
WV13 1PZ





REGISTERED NUMBER: 11817150 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

J R A Developments Limited (Registered number: 11817150)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 320,000 320,000

CURRENT ASSETS
Debtors 5 3,690 665
Cash at bank 490 8,529
4,180 9,194
CREDITORS
Amounts falling due within one year 6 (76,186 ) (75,529 )
NET CURRENT LIABILITIES (72,006 ) (66,335 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,994

253,665

CREDITORS
Amounts falling due after more than one
year

7

(210,118

)

(211,926

)

PROVISIONS FOR LIABILITIES 9 (9,200 ) (7,000 )
NET ASSETS 28,676 34,739

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,576 34,639
SHAREHOLDERS' FUNDS 28,676 34,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J R A Developments Limited (Registered number: 11817150)

Balance Sheet - continued
29 February 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





A S Harrold - Director


J R A Developments Limited (Registered number: 11817150)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

J R A Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 320,000
NET BOOK VALUE
At 29 February 2024 320,000
At 28 February 2023 320,000

J R A Developments Limited (Registered number: 11817150)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY - continued

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2021 36,837
Cost 283,163
320,000

The investment property was revalued on an open market basis by the director at 28 February 2024 and this valuation has been used for these accounts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,690 665

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,000 2,000
Other creditors 74,186 73,529
76,186 75,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 210,118 211,926

Amounts falling due in more than five years:

Repayable by instalments
Mortgage loan 207,441 207,441

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 207,441 207,441

The mortgage is an interest only loan for a 10 year term. The full amount of the capital sum borrowed will remain outstanding until the end of that term.

The mortgage is secured by a first ranking legal charge over the company's investment property and a first ranking debenture over the company's other assets.

J R A Developments Limited (Registered number: 11817150)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,200 7,000

Deferred
tax
£   
Balance at 1 March 2023 7,000
Provided during year 2,200
Balance at 29 February 2024 9,200

10. RELATED PARTY DISCLOSURES

Manifestation Designs and Signs Limited
A company of which A S Harrold, a director of this company, is also a director.

Amount owed to J R A Developments Limited at 28 February 2024 is £68,300 (2023 - £68,300).

Amount owed to Manifestation Designs and Signs Limited is unsecured and has no specific terms regarding repayment and payment of interest. The amount owed is repayable on demand but the directors of Manifestation Designs and Signs Limited have given assurances that payment of this amount will not be demanded until such time as J R A Developments Limited can afford to do so without financial detriment.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J R A Developments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J R A Developments Limited for the year ended 29 February 2024 which comprise the Profit and loss account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J R A Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J R A Developments Limited and state those matters that we have agreed to state to the Board of Directors of J R A Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J R A Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J R A Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J R A Developments Limited. You consider that J R A Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J R A Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


30 September 2024