Silverfin false false 30/06/2024 01/07/2023 30/06/2024 K E Lyons 01/05/2019 M D Lyons 01/05/2019 S M Lyons 01/05/2019 18 February 2025 The Company's principal activity is that of property development and sale. 11974312 2024-06-30 11974312 bus:Director1 2024-06-30 11974312 bus:Director2 2024-06-30 11974312 bus:Director3 2024-06-30 11974312 2023-06-30 11974312 core:CurrentFinancialInstruments 2024-06-30 11974312 core:CurrentFinancialInstruments 2023-06-30 11974312 core:ShareCapital 2024-06-30 11974312 core:ShareCapital 2023-06-30 11974312 core:RetainedEarningsAccumulatedLosses 2024-06-30 11974312 core:RetainedEarningsAccumulatedLosses 2023-06-30 11974312 2023-07-01 2024-06-30 11974312 bus:FilletedAccounts 2023-07-01 2024-06-30 11974312 bus:SmallEntities 2023-07-01 2024-06-30 11974312 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11974312 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11974312 bus:Director1 2023-07-01 2024-06-30 11974312 bus:Director2 2023-07-01 2024-06-30 11974312 bus:Director3 2023-07-01 2024-06-30 11974312 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Company No: 11974312 (England and Wales)

JERBOA HOMES LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

JERBOA HOMES LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

JERBOA HOMES LTD

COMPANY INFORMATION

For the financial year ended 30 June 2024
JERBOA HOMES LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
Directors K E Lyons
M D Lyons
S M Lyons
Registered office 9 Donnington Park
85 Birdham Road
Chichester
PO20 7AJ
United Kingdom
Company number 11974312 (England and Wales)
Accountant Kreston Reeves LLP
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JERBOA HOMES LTD

For the financial year ended 30 June 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JERBOA HOMES LTD (continued)

For the financial year ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jerboa Homes Ltd for the financial year ended 30 June 2024 which comprise the Balance Sheet and the related notes 1 to 4 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Jerboa Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Jerboa Homes Ltd. You consider that Jerboa Homes Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Jerboa 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 financial statements.

This report is made solely to the Board of Directors of Jerboa Homes Ltd, as a body, in accordance with the terms of our engagement letter dated 14 April 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Jerboa Homes Ltd and state those matters that we have agreed to state to the Board of Directors of Jerboa Homes Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jerboa Homes Ltd and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

19 February 2025

JERBOA HOMES LTD

BALANCE SHEET

As at 30 June 2024
JERBOA HOMES LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Current assets
Stocks 296,059 266,965
Debtors 3 2,008 1,574
Cash at bank and in hand 4,900 28,291
302,967 296,830
Creditors: amounts falling due within one year 4 ( 317,678) ( 308,154)
Net current liabilities (14,711) (11,324)
Total assets less current liabilities (14,711) (11,324)
Net liabilities ( 14,711) ( 11,324)
Capital and reserves
Called-up share capital 300 300
Profit and loss account ( 15,011 ) ( 11,624 )
Total shareholders' deficit ( 14,711) ( 11,324)

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Jerboa Homes Ltd (registered number: 11974312) were approved and authorised for issue by the Board of Directors on 18 February 2025. They were signed on its behalf by:

M D Lyons
Director
JERBOA HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
JERBOA HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jerboa Homes Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is 9 Donnington Park, 85 Birdham Road, Chichester, PO20 7AJ, United Kingdom.

The principal place of business is Toddington Nursery, Lake Lane, Barnham, West Sussex, PO22 0AQ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Borrowing costs of £8,533 occurring within the current financial year have been capitalised within stock. At the year end the total amount of borrowing costs included in stock is £44,727 (2023 £36,194).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2024 2023
£ £
Other debtors 2,008 1,574

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 118 18
Other creditors 317,560 308,136
317,678 308,154