J P L DEVELOPMENTS LIMITED 05273933 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is property holding company. Digita Accounts Production Advanced 6.30.9574.0 true true 05273933 2023-11-01 2024-10-31 05273933 2024-10-31 05273933 core:RetainedEarningsAccumulatedLosses 2024-10-31 05273933 core:ShareCapital 2024-10-31 05273933 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 05273933 bus:SmallEntities 2023-11-01 2024-10-31 05273933 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 05273933 bus:FilletedAccounts 2023-11-01 2024-10-31 05273933 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05273933 bus:RegisteredOffice 2023-11-01 2024-10-31 05273933 bus:CompanySecretaryDirector1 2023-11-01 2024-10-31 05273933 bus:Director2 2023-11-01 2024-10-31 05273933 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05273933 countries:England 2023-11-01 2024-10-31 05273933 2023-10-31 05273933 2022-11-01 2023-10-31 05273933 2023-10-31 05273933 core:RetainedEarningsAccumulatedLosses 2023-10-31 05273933 core:ShareCapital 2023-10-31 05273933 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 05273933

J P L DEVELOPMENTS LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

J P L DEVELOPMENTS LIMITED

(Registration number: 05273933)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

494,331

494,331

Current assets

 

Cash at bank and in hand

 

255,850

216,097

Creditors: Amounts falling due within one year

5

(310,757)

(317,401)

Net current liabilities

 

(54,907)

(101,304)

Net assets

 

439,424

393,027

Capital and reserves

 

Called up share capital

100

100

Retained earnings

439,324

392,927

Shareholders' funds

 

439,424

393,027

For the financial year ending 31 October 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 12 December 2024 and signed on its behalf by:
 

Mr J P Lynch
Company secretary and director

Mr M R Kay
Director

 
     
 

J P L DEVELOPMENTS LIMITED

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

1

General information

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

The address of its registered office is:
Unit D3b
Coombswood Business Park
Coombswood Way
Halesowen
West Midlands
B62 8BH

These financial statements were authorised for issue by the Board on 12 December 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 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.

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 P L DEVELOPMENTS LIMITED

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors or external valuers. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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 2 (2023 - 2).

4

Investment properties

2024
£

At 1 November

494,331

At 31 October

494,331

There has been no valuation of investment property by an independent valuer.

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

292,537

300,867

Taxation and social security

17,220

15,534

Accruals and deferred income

1,000

1,000

310,757

317,401