2023-04-01 2024-03-31 false No description of principal activity Acting Office - Tax and Accounts 1.0 10561226 bus:FullAccounts 2023-04-01 2024-03-31 10561226 bus:Micro-entities 2023-04-01 2024-03-31 10561226 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10561226 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10561226 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10561226 2023-04-01 2024-03-31 10561226 2024-03-31 10561226 bus:RegisteredOffice 2023-04-01 2024-03-31 10561226 core:WithinOneYear 2024-03-31 10561226 core:AfterOneYear 2024-03-31 10561226 2022-04-01 10561226 bus:Director1 2023-04-01 2024-03-31 10561226 bus:Director1 2024-03-31 10561226 bus:Director1 2022-04-01 2023-03-31 10561226 bus:Director2 2023-04-01 2024-03-31 10561226 bus:Director2 2024-03-31 10561226 bus:Director2 2022-04-01 2023-03-31 10561226 bus:CompanySecretary1 2023-04-01 2024-03-31 10561226 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 10561226 2022-04-01 2023-03-31 10561226 2023-03-31 10561226 core:WithinOneYear 2023-03-31 10561226 core:AfterOneYear 2023-03-31 10561226 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 10561226 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 10561226 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 10561226 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 10561226 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 10561226 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 10561226 core:Non-currentFinancialInstruments 2024-03-31 10561226 core:Non-currentFinancialInstruments 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10561226
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 March 2024

for

J & G LANCASHIRE HOMES LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 572,585  351,135 
Current assets 13,687  1,498 
Creditors: amount falling due within one year (284,033) (213,468)
Net current assets/(liabilities) (270,346) (211,970)
Total assets less current liabilities 302,239  139,165 
Creditors: amount falling due after more than one year (260,480) (110,000)
Provisions for liabilities (5,524) (5,524)
Net assets/(liabilities) 36,235  23,641 
 
Capital and reserves 36,235  23,641 
 
  1. For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
John Paul Joseph Green
Director

Date approved: 25 March 2025
1
Statutory Information
J & G LANCASHIRE HOMES LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 10561226, registration address 181 Maxy House Road, Cottam, Preston, PR4 0DZ, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Financial assets

Cost or Valuation   Investment in property   Total
    £   £
At 01 April 2023   351,135    351,135 
Additions   221,450    221,450 
At 31 March 2024   572,585    572,585 
Depreciation
At 01 April 2023    
At 31 March 2024    
Net book values
At 31 March 2024   572,585    572,585 
At 01 April 2023   351,135    351,135 
3.

Average number of employees

Average number of employees during the year was 0 (2023: 1).
2