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REGISTERED NUMBER: 01397746 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JOWETT HOMES LIMITED

JOWETT HOMES LIMITED (REGISTERED NUMBER: 01397746)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOWETT HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs L M Faulkner
J G Faulkner





SECRETARY: Mrs L M Faulkner





REGISTERED OFFICE: 1 Dale Close
Ordsall
Retford
Nottinghamshire
DN22 7UN





REGISTERED NUMBER: 01397746 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

JOWETT HOMES LIMITED (REGISTERED NUMBER: 01397746)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 150
Investment property 5 1,650,000 1,650,000
1,650,000 1,650,150

CURRENT ASSETS
Debtors 6 150 150
Cash at bank 14,729 44,696
14,879 44,846
CREDITORS
Amounts falling due within one year 7 44,714 970,302
NET CURRENT LIABILITIES (29,835 ) (925,456 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,620,165

724,694

CREDITORS
Amounts falling due after more than one year 8 (869,130 ) -

PROVISIONS FOR LIABILITIES (60,153 ) (60,153 )
NET ASSETS 690,882 664,541

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 554,978 554,978
Retained earnings 10 134,904 108,563
SHAREHOLDERS' FUNDS 690,882 664,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

JOWETT HOMES LIMITED (REGISTERED NUMBER: 01397746)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





J G Faulkner - Director


JOWETT HOMES LIMITED (REGISTERED NUMBER: 01397746)

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

1. STATUTORY INFORMATION

Jowett 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation.

Investment property
Investment properties are included in the balance sheet at fair value with changes in fair value recognised in the profit and loss account.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

JOWETT HOMES LIMITED (REGISTERED NUMBER: 01397746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 1,077
DEPRECIATION
At 1 April 2023 927
Charge for year 150
At 31 March 2024 1,077
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 150

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,650,000
NET BOOK VALUE
At 31 March 2024 1,650,000
At 31 March 2023 1,650,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 1,650,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,034,869 1,034,869

Investment properties were valued on a fair value basis on 31 March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Debtors 150 150

JOWETT HOMES LIMITED (REGISTERED NUMBER: 01397746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 6,214 4,333
Directors' current accounts 36,000 963,629
Accrued expenses 2,500 2,340
44,714 970,302

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts 869,130 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 108,563 554,978 663,541
Profit for the year 26,341 26,341
At 31 March 2024 134,904 554,978 689,882