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REGISTERED NUMBER: 03997384 (England and Wales)













J & P RESIDENTIAL HOMES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






J & P RESIDENTIAL HOMES LTD (REGISTERED NUMBER: 03997384)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J & P RESIDENTIAL HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr E J Jones
Mr C C Jones
Mr B E Jones
Mrs PL Aplin-Jones





REGISTERED OFFICE: Monkstone House
1 Locks Common Road
Porthcawl
Bridgend
CF36 3HU





REGISTERED NUMBER: 03997384 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

J & P RESIDENTIAL HOMES LTD (REGISTERED NUMBER: 03997384)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,770,474 1,818,481

CURRENT ASSETS
Debtors 5 870,420 904,121
Cash at bank 296,641 265,678
1,167,061 1,169,799
CREDITORS
Amounts falling due within one year 6 214,191 205,796
NET CURRENT ASSETS 952,870 964,003
TOTAL ASSETS LESS CURRENT LIABILITIES 2,723,344 2,782,484

CAPITAL AND RESERVES
Called up share capital 160 160
Revaluation reserve 7 454,652 467,525
Retained earnings 2,268,532 2,314,799
SHAREHOLDERS' FUNDS 2,723,344 2,782,484

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 directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





Mrs PL Aplin-Jones - Director


J & P RESIDENTIAL HOMES LTD (REGISTERED NUMBER: 03997384)

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


1. STATUTORY INFORMATION

J & P Residential Homes Ltd 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.
Freehold property - 2% straight line on cost
Fixtures and fittings - 25% straight line on cost
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 34 (2023 - 31 ) .

J & P RESIDENTIAL HOMES LTD (REGISTERED NUMBER: 03997384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£ £ £ £
COST
At 1 August 2023 2,248,312 127,998 243,825 2,620,135
Additions - 4,222 95,850 100,072
Disposals - - (74,000 ) (74,000 )
At 31 July 2024 2,248,312 132,220 265,675 2,646,207
DEPRECIATION
At 1 August 2023 607,829 121,501 72,324 801,654
Charge for year 44,966 3,364 55,867 104,197
Eliminated on disposal - - (30,118 ) (30,118 )
At 31 July 2024 652,795 124,865 98,073 875,733
NET BOOK VALUE
At 31 July 2024 1,595,517 7,355 167,602 1,770,474
At 31 July 2023 1,640,483 6,497 171,501 1,818,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 7,404 10,363
Other debtors 863,016 893,758
870,420 904,121

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 112,052 114,915
Other creditors 102,139 90,881
214,191 205,796

7. RESERVES
Revaluation
reserve
£
At 1 August 2023 467,525
Depreciation adjustment (12,873 )

At 31 July 2024 454,652