Registered number
14450423
J LEE HOMES LTD
Unaudited Filleted Accounts
31 October 2024
J LEE HOMES LTD
Registered number: 14450423
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 31,125 41,500
Current assets
Cash at bank and in hand 2,623 16,669
Creditors: amounts falling due within one year 3 - (3,000)
Net current assets 2,623 13,669
Total assets less current liabilities 33,748 55,169
Creditors: amounts falling due after more than one year 4 (33,363) (40,187)
Net assets 385 14,982
Capital and reserves
Called up share capital 1 1
Profit and loss account 384 14,981
Shareholder's funds 385 14,982
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
JAMES LEE
Director
Approved by the board on 10 January 2025
J LEE HOMES LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors - 3,000
4 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 33,363 40,187
5 Other information
J LEE HOMES LTD is a private company limited by shares and incorporated in England. Its registered office is:
42 KEW COURT
RICHMOND ROAD
KINGSTON
KT2 5BF
J LEE HOMES LTD 14450423 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 JAMES LEE No description of principal activity 14450423 2022-11-01 2023-10-31 14450423 core:WithinOneYear 2023-10-31 14450423 core:AfterOneYear 2023-10-31 14450423 core:ShareCapital 2023-10-31 14450423 core:RetainedEarningsAccumulatedLosses 2023-10-31 14450423 2023-11-01 2024-10-31 14450423 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14450423 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 14450423 bus:Director40 2023-11-01 2024-10-31 14450423 2 2023-11-01 2024-10-31 14450423 countries:England 2023-11-01 2024-10-31 14450423 bus:FRS102 2023-11-01 2024-10-31 14450423 bus:FilletedAccounts 2023-11-01 2024-10-31 14450423 2024-10-31 14450423 core:WithinOneYear 2024-10-31 14450423 core:AfterOneYear 2024-10-31 14450423 core:ShareCapital 2024-10-31 14450423 core:RetainedEarningsAccumulatedLosses 2024-10-31 14450423 2023-10-31 iso4217:GBP xbrli:pure