Company Registration No. 11414246 (England and Wales)
JPAD Homes Ltd
Unaudited accounts
for the year ended 30 April 2024
JPAD Homes Ltd
Unaudited accounts
Contents
JPAD Homes Ltd
Company Information
for the year ended 30 April 2024
Director
Francis David Minihan
Company Number
11414246 (England and Wales)
Registered Office
210 COAL CLOUGH LANE
BURNLEY
LANCASHIRE
BB11 4NJ
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
JPAD Homes Ltd
Accountants' report
Accountants' report to the director of JPAD Homes Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
JPAD Homes Ltd for the year ended
30 April 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of JPAD Homes Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of JPAD Homes Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JPAD Homes Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that JPAD Homes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of JPAD Homes Ltd. You consider that JPAD Homes Ltd 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 accounts of JPAD Homes Ltd. 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 accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
9 December 2024
JPAD Homes Ltd
Statement of financial position
as at 30 April 2024
Investment property
300,000
300,000
Cash at bank and in hand
98
-
Creditors: amounts falling due within one year
(109,731)
(124,781)
Net current liabilities
(109,633)
(122,791)
Total assets less current liabilities
190,367
177,209
Creditors: amounts falling due after more than one year
(146,880)
(146,880)
Provisions for liabilities
Called up share capital
100
100
Revaluation reserve
50,981
67,055
Profit and loss account
(18,602)
(36,826)
Shareholders' funds
32,479
30,329
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 January 2025 and were signed on its behalf by
Francis David Minihan
Director
Company Registration No. 11414246
JPAD Homes Ltd
Notes to the Accounts
for the year ended 30 April 2024
JPAD Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11414246. The registered office is 210 COAL CLOUGH LANE, BURNLEY, LANCASHIRE, BB11 4NJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 May 2023
300,000
Amounts falling due within one year
Deferred tax asset
-
1,089
JPAD Homes Ltd
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
288
Other creditors
20,558
12,860
Loans from directors
88,056
110,421
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
146,880
146,880
Aggregate of amounts that fall due for payment after five years
146,880
146,880
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
8
Deferred taxation
2024
2023
Accelerated capital allowances
-
(1,089)
Revaluation of investment property
16,764
-
Tax losses carried forward
(5,756)
-
Provision at start of year
(1,089)
(1,089)
Charged to the profit and loss account
12,097
-
Provision at end of year
11,008
(1,089)
9
Transactions with related parties
Included in current liabilities are loans from related companies of £20,558 (2023 - £10,283).
The loans are interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).