Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3false2023-06-01falseNo description of principal activity3truetrue 12040932 2023-06-01 2024-05-31 12040932 2022-06-01 2023-05-31 12040932 2024-05-31 12040932 2023-05-31 12040932 c:Director2 2023-06-01 2024-05-31 12040932 c:Director3 2023-06-01 2024-05-31 12040932 d:Buildings 2023-06-01 2024-05-31 12040932 d:Buildings 2024-05-31 12040932 d:Buildings 2023-05-31 12040932 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12040932 d:LandBuildings 2024-05-31 12040932 d:LandBuildings 2023-05-31 12040932 d:OfficeEquipment 2023-06-01 2024-05-31 12040932 d:OfficeEquipment 2024-05-31 12040932 d:OfficeEquipment 2023-05-31 12040932 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12040932 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12040932 d:CurrentFinancialInstruments 2024-05-31 12040932 d:CurrentFinancialInstruments 2023-05-31 12040932 d:Non-currentFinancialInstruments 2024-05-31 12040932 d:Non-currentFinancialInstruments 2023-05-31 12040932 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12040932 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12040932 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 12040932 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 12040932 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 12040932 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 12040932 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 12040932 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 12040932 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 12040932 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 12040932 d:ShareCapital 2024-05-31 12040932 d:ShareCapital 2023-05-31 12040932 d:RetainedEarningsAccumulatedLosses 2024-05-31 12040932 d:RetainedEarningsAccumulatedLosses 2023-05-31 12040932 c:FRS102 2023-06-01 2024-05-31 12040932 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12040932 c:FullAccounts 2023-06-01 2024-05-31 12040932 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12040932 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 12040932










J S LAND & NEW HOMES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
J S LAND & NEW HOMES LIMITED
REGISTERED NUMBER: 12040932

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
600,554
587,939

  
600,554
587,939

Current assets
  

Debtors: amounts falling due within one year
 5 
54,566
52,313

Cash at bank and in hand
 6 
1,813
993

  
56,379
53,306

Creditors: amounts falling due within one year
 7 
(165,613)
(147,341)

Net current liabilities
  
 
 
(109,234)
 
 
(94,035)

Total assets less current liabilities
  
491,320
493,904

Creditors: amounts falling due after more than one year
 8 
(364,386)
(366,894)

  

Net assets
  
126,934
127,010


Capital and reserves
  

Called up share capital 
  
30
30

Profit and loss account
  
126,904
126,980

  
126,934
127,010


Page 1

 
J S LAND & NEW HOMES LIMITED
REGISTERED NUMBER: 12040932

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 February 2025.




S Tappenden
J Tappenden
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
J S LAND & NEW HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

J S Land & New Homes Limited is a private company limited by shares and incorporated in England and Wales. The registered office is 601 London Road, Westcliff-on-Sea, Essex, SS0 9PE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
J S LAND & NEW HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

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

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
J S LAND & NEW HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2024
2023
£
£

Wages and salaries
-
3,482

Social security costs
-
1,276

Cost of defined contribution scheme
-
13

-
4,771


The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
J S LAND & NEW HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Freehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
586,850
1,732
588,582


Additions
13,048
-
13,048



At 31 May 2024

599,898
1,732
601,630



Depreciation


At 1 June 2023
-
643
643


Charge for the year on owned assets
-
433
433



At 31 May 2024

-
1,076
1,076



Net book value



At 31 May 2024
599,898
656
600,554



At 31 May 2023
586,850
1,089
587,939




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
599,898
586,850

599,898
586,850



5.


Debtors

2024
2023
£
£


Trade debtors
25,368
14,076

Other debtors
28,910
38,237

Prepayments and accrued income
288
-

54,566
52,313


Page 6

 
J S LAND & NEW HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,813
993

1,813
993



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,012
9,951

Trade creditors
7,734
30,800

Corporation tax
23,623
26,257

Other taxation and social security
-
4,000

Other creditors
119,144
72,658

Accruals and deferred income
5,100
3,675

165,613
147,341


Page 7

 
J S LAND & NEW HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
364,386
366,894

364,386
366,894


The following liabilities were secured:

2024
2023
£
£



Bank loans
344,391
344,391

344,391
344,391

Details of security provided:

The bank loan is secured against the freehold property.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable other than by instalments
344,391
344,391

344,391
344,391

The above loan facility was issued in March 2023 on repayment terms being 10 years from the date of drawdown. The company makes monthly interest only payments in line with the terms of the loan.

Page 8

 
J S LAND & NEW HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,012
9,951

Amounts falling due 1-2 years

Bank loans
10,266
10,202

Amounts falling due 2-5 years

Bank loans
9,729
12,302

Amounts falling due after more than 5 years

Bank loans
344,391
344,391

374,398
376,846



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12 (2023 - £13). No contributions were payable to the fund at the balance sheet date.


11.


Related party transactions

These financial statements include the following transactions and balances with related parties:-
A company under common control with JS Land and New Homes Limited: Other creditors £120,508 (2023: £72,656).
The directors have given personal guarantees in respect of the company's bank loan.


Page 9