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REGISTERED NUMBER: 11453446 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

JN Properties Holmfirth Limited

JN Properties Holmfirth Limited (Registered number: 11453446)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JN Properties Holmfirth Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr N Turner





REGISTERED OFFICE: Cross Farm
Dunford Road
Holmfirth
West Yorkshire
HD9 2RR





REGISTERED NUMBER: 11453446 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

JN Properties Holmfirth Limited (Registered number: 11453446)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 732,743 732,239

CURRENT ASSETS
Stocks 5 4,289 4,085
Debtors 6 29,535 309
Cash in hand 54,723 7,692
88,547 12,086
CREDITORS
Amounts falling due within one year 7 787,794 717,698
NET CURRENT LIABILITIES (699,247 ) (705,612 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,496

26,627

CREDITORS
Amounts falling due after more than one
year

8

147,820

176,457
NET LIABILITIES (114,324 ) (149,830 )

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings (114,329 ) (149,835 )
SHAREHOLDERS' FUNDS (114,324 ) (149,830 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JN Properties Holmfirth Limited (Registered number: 11453446)

Balance Sheet - continued
31 July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





Mr N Turner - Director


JN Properties Holmfirth Limited (Registered number: 11453446)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

JN Properties Holmfirth Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

JN Properties Holmfirth Limited (Registered number: 11453446)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£ £ £ £ £
COST
At 1 August 2023 689,925 21,873 59,845 16,891 788,534
Additions - 9,841 2,161 - 12,002
At 31 July 2024 689,925 31,714 62,006 16,891 800,536
DEPRECIATION
At 1 August 2023 - 11,338 30,028 14,929 56,295
Charge for year - 3,855 6,336 1,307 11,498
At 31 July 2024 - 15,193 36,364 16,236 67,793
NET BOOK VALUE
At 31 July 2024 689,925 16,521 25,642 655 732,743
At 31 July 2023 689,925 10,535 29,817 1,962 732,239

5. STOCKS
31.7.24 31.7.23
£ £
Stocks 4,289 4,085

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Deferred tax asset 28,777 -
Prepayments 758 309
29,535 309

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Bank loans and overdrafts (see note 9) 48,084 47,737
Trade creditors 26,683 12,764
Social security and other tax 1,313 909
Pension liability 2,191 562
VAT 43,770 30,981
Other creditors 15,000 1,921
Wages control 3,511 -
Directors' loan accounts 642,924 618,896
Accrued expenses 4,318 3,928
787,794 717,698

JN Properties Holmfirth Limited (Registered number: 11453446)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£ £
Bank loans (see note 9) 147,820 176,457

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 53,160 71,509

9. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 16,324 16,230
Bank loans 31,760 31,507
48,084 47,737

Amounts falling due between one and two years:
Bank loans - 1-2 years 30,246 31,760

Amounts falling due between two and five years:
Bank loans - 2-5 years 64,414 73,188

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 53,160 71,509

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£ £
Bank loans 179,580 207,964

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors amounts falling due within one year is a loan of £642,924 (2023 - £618,896) from the directors. The loan is interest free with no fixed date for repayment.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N Turner.