JJR Homes Limited 10943104 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is investment property management Digita Accounts Production Advanced 6.30.9574.0 true true true 10943104 2023-10-01 2024-09-30 10943104 2024-09-30 10943104 bus:OrdinaryShareClass1 2024-09-30 10943104 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 10943104 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 10943104 core:FurnitureFittingsToolsEquipment 2024-09-30 10943104 bus:SmallEntities 2023-10-01 2024-09-30 10943104 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10943104 bus:FilletedAccounts 2023-10-01 2024-09-30 10943104 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10943104 bus:RegisteredOffice 2023-10-01 2024-09-30 10943104 bus:Director1 2023-10-01 2024-09-30 10943104 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 10943104 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10943104 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 10943104 countries:AllCountries 2023-10-01 2024-09-30 10943104 2023-09-30 10943104 core:FurnitureFittingsToolsEquipment 2023-09-30 10943104 2022-10-01 2023-09-30 10943104 2023-09-30 10943104 bus:OrdinaryShareClass1 2023-09-30 10943104 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 10943104 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 10943104 core:FurnitureFittingsToolsEquipment 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10943104

JJR Homes Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 September 2024

 

JJR Homes Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

JJR Homes Limited

Company Information

Director

Ms A E Robbins

Registered office

154 Westbourne Road
Penarth
Wales
CF64 5BQ

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

JJR Homes Limited

(Registration number: 10943104)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

98

197

Investment property

6

92,788

92,788

 

92,886

92,985

Current assets

 

Cash at bank and in hand

 

-

9

Creditors: Amounts falling due within one year

(12,402)

(11,732)

Net current liabilities

 

(12,402)

(11,723)

Total assets less current liabilities

 

80,484

81,262

Creditors: Amounts falling due after more than one year

7.1

(84,697)

(84,697)

Accruals and deferred income

 

(670)

(660)

Net liabilities

 

(4,883)

(4,095)

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

(4,884)

(4,096)

Shareholders' deficit

 

(4,883)

(4,095)

 

JJR Homes Limited

(Registration number: 10943104)
Abridged Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 February 2025
 

.........................................

Ms A E Robbins
Director

 

JJR Homes Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
154 Westbourne Road
Penarth
Wales
CF64 5BQ

These financial statements were authorised for issue by the director on 14 February 2025.

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 abridged 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 abridged 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 director considers the going concern basis of preparing the accounts to be appropriate because, in her opinion, the company will continue to secure access to sufficient funding with the director's continued support to enable it to pay its debts as they fall due. Accordingly, the financial statements have been prepared on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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 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.

 

JJR Homes Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

JJR Homes Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 the director) during the year, was 1 (2023 - 1).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

99

99

 

JJR Homes Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

5

Tangible assets

Fixtures, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

395

395

At 30 September 2024

395

395

Depreciation

At 1 October 2023

198

198

Charge for the year

99

99

At 30 September 2024

297

297

Carrying amount

At 30 September 2024

98

98

At 30 September 2023

197

197

6

Investment properties

2024
£

At 1 October

92,788

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

7

Creditors

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £84,697 (2023 - £84,697).

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         
 

JJR Homes Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

9

Related party transactions

Other transactions with the director

During the year the director made unsecured, interest free, repayable on demand loans to the company. At the balance sheet date the amount due to the director was £12,403 (2023 - £11,733).