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REGISTERED NUMBER: 05409232 (England and Wales)






JCJ Developments Limited

Financial Statements

for the Year Ended 29 April 2024






JCJ Developments Limited (Registered number: 05409232)

Contents of the Financial Statements
for the year ended 29 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JCJ Developments Limited

Company Information
for the year ended 29 April 2024







DIRECTORS: Mrs C J Townend
Mr J H Townend





SECRETARY: Mrs C J Townend





REGISTERED OFFICE: 33 George Street
Wakefield
West Yorkshire
WF1 1LX





REGISTERED NUMBER: 05409232 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

JCJ Developments Limited (Registered number: 05409232)

Balance Sheet
29 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52 66
Investment property 5 605,000 605,000
605,052 605,066

CURRENT ASSETS
Stocks 282,410 282,410
Debtors 6 2,960 3,210
Cash at bank 3,936 6,059
289,306 291,679
CREDITORS
Amounts falling due within one year 7 333,481 342,096
NET CURRENT LIABILITIES (44,175 ) (50,417 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

560,877

554,649

CREDITORS
Amounts falling due after more than one
year

8

(201,156

)

(222,572

)

PROVISIONS FOR LIABILITIES (36,238 ) (36,241 )
NET ASSETS 323,483 295,836

JCJ Developments Limited (Registered number: 05409232)

Balance Sheet - continued
29 April 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 323,481 295,834
SHAREHOLDERS' FUNDS 323,483 295,836

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 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.

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 10 January 2025 and were signed on its behalf by:





Mr J H Townend - Director


JCJ Developments Limited (Registered number: 05409232)

Notes to the Financial Statements
for the year ended 29 April 2024


1. STATUTORY INFORMATION

JCJ 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 functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Turnover
Turnover in respect of speculative property development is recognised once the sale has completed.

Turnover generated from the investment properties represents rents receivable in the ordinary course of business and is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or, if held under a finance lease, over the lease term; whichever is the shorter.

Computer equipment - 20% Reducing Balance

Fixed assets are initially recorded at cost.

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.

Fair value has been determined by the directors having taken the appropriate professional advice and based on similar properties in the local area.

Stocks
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet 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.


JCJ Developments Limited (Registered number: 05409232)

Notes to the Financial Statements - continued
for the year ended 29 April 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 30 April 2023
and 29 April 2024 200
DEPRECIATION
At 30 April 2023 134
Charge for year 14
At 29 April 2024 148
NET BOOK VALUE
At 29 April 2024 52
At 29 April 2023 66

JCJ Developments Limited (Registered number: 05409232)

Notes to the Financial Statements - continued
for the year ended 29 April 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 April 2023
and 29 April 2024 605,000
NET BOOK VALUE
At 29 April 2024 605,000
At 29 April 2023 605,000

In the opinion of the directors the current carrying value of the investment properties reflects the fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,960 3,210

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 20,382 19,635
Other loans (see note 9) 6,000 4,500
Tax 6,488 6,256
Directors' current accounts 298,451 309,604
Accruals and deferred income 2,160 2,101
333,481 342,096

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 194,156 208,072
Other loans (see note 9) 7,000 14,500
201,156 222,572

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 17,161 21,077

JCJ Developments Limited (Registered number: 05409232)

Notes to the Financial Statements - continued
for the year ended 29 April 2024


9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 20,382 19,635
Other loans 6,000 4,500
26,382 24,135

Amounts falling due between two and five years:
Bank loans 176,995 186,995
Other loans - 2-5 years 7,000 14,500
183,995 201,495

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 17,161 21,077

The other loan has been received under the Government's Bounce back scheme. The loan is repayable over a 5 year period with the repayments starting in August 2021.

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 214,538 227,707

Bank borrowings are secured by way of a fixed and floating charges over the undertaking and all property and assets present and future including goodwill, bookdebts uncalled, capital buildings, fixtures, fixed plant and machinery.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. RESERVES

Included within retained earnings is £241,774 (2023: £241,774) which is non-distributable. This relates to an accumulated increase in the fair value of investment properties, net of deferred tax.