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REGISTERED NUMBER: 08378442 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

FOR

J W DEVELOPING SOLUTIONS LIMITED

J W DEVELOPING SOLUTIONS LIMITED (REGISTERED NUMBER: 08378442)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J W DEVELOPING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024







DIRECTORS: Ms K Jones
Ms H M Watts





REGISTERED OFFICE: 19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW





REGISTERED NUMBER: 08378442 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

J W DEVELOPING SOLUTIONS LIMITED (REGISTERED NUMBER: 08378442)

BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 41,703 4,531
Investment property 6 637,921 637,921
679,624 642,452

CURRENT ASSETS
Debtors 7 47,478 320,311
Cash at bank 95,497 238,783
142,975 559,094
CREDITORS
Amounts falling due within one year 8 167,006 179,903
NET CURRENT (LIABILITIES)/ASSETS (24,031 ) 379,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

655,593

1,021,643

CREDITORS
Amounts falling due after more than one
year

9

418,579

413,123
NET ASSETS 237,014 608,520

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 236,914 608,420
SHAREHOLDERS' FUNDS 237,014 608,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 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.

J W DEVELOPING SOLUTIONS LIMITED (REGISTERED NUMBER: 08378442)

BALANCE SHEET - continued
30 MARCH 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 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 24 March 2025 and were signed on its behalf by:




Ms K Jones - Director



Ms H M Watts - Director


J W DEVELOPING SOLUTIONS LIMITED (REGISTERED NUMBER: 08378442)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

1. STATUTORY INFORMATION

J W Developing Solutions 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.

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31st March 2024 have been prepared using the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Investment Property
The fair value of investment property has been valued by the directors in line with the accounting policy for investment property..

Revenue recognition
Consultancy Services

Revenue is recognised on the date consultancy services are provided to the customer.

Sales Commission

Commission received on property sales is recognised on legal completion of the related property sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

J W DEVELOPING SOLUTIONS LIMITED (REGISTERED NUMBER: 08378442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

2. ACCOUNTING POLICIES - continued

Investment property
The company's properties are held for investment purposes. Investment properties are shown at their most recent fair values. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement. Deferred taxation is provided on such gains at the tax rate expected to apply when properties are sold.

Under FRS 102 valuations as above are made under the fair value provisions of the Companies Act 2006 (CA 2006) and consequently the non-depreciation of investment properties is not a departure from the provisions of CA 2006.

The directors determine fair value by reference to online sales websites, knowledge of the local property market and the rate of return on investment.

Rents receivable from investment properties are credited to profit and loss account on a receivable basis.

Investment properties are first recognised in the financial statements once an irrevocable purchase contract has been entered into. A sale of an investment property is recorded once an irrevocable sales contract has been entered into, provided that the sale has been completed by the date the financial statements are approved by the Board.

Investment properties are treated as fixed asset investments until the date of sale.

Financial instruments
The directors consider all financial instruments to be basic financial instruments in accordance with paragraph 11 of FRS102.

Trade and other receivables and payables

Trade and other receivables and payables are measured at amortised cost which approximates to fair value given the short term nature of these assets and liabilities.

Trade receivables are valued at original invoice amount less an allowance for potentially un-collectable debts. Provision is made where there is objective evidence to suggest that the company will not be in a position to collect receivables as they fall due. Bad and Doubtful debts are written off in the profit and loss account on identification.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances held for the purposes of meeting short-term cash commitments.

Interest Bearing Borrowings

Interest bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest bearing borrowings are stated at amortised cost using the effective interest rate method, less any impairment losses.

Taxation
Taxation for the period comprises current 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 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.

J W DEVELOPING SOLUTIONS LIMITED (REGISTERED NUMBER: 08378442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 period was 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 30 March 2024 350,000
AMORTISATION
At 1 April 2023
and 30 March 2024 350,000
NET BOOK VALUE
At 30 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 7,357 - 6,965 14,322
Additions - 39,700 - 39,700
At 30 March 2024 7,357 39,700 6,965 54,022
DEPRECIATION
At 1 April 2023 3,678 - 6,113 9,791
Charge for period 1,839 - 689 2,528
At 30 March 2024 5,517 - 6,802 12,319
NET BOOK VALUE
At 30 March 2024 1,840 39,700 163 41,703
At 31 March 2023 3,679 - 852 4,531

J W DEVELOPING SOLUTIONS LIMITED (REGISTERED NUMBER: 08378442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 30 March 2024 637,921
NET BOOK VALUE
At 30 March 2024 637,921
At 31 March 2023 637,921

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 47,478 67,140
Directors' loan accounts - 253,171
47,478 320,311

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,000 20,000
Other loans 7,717 8,067
Hire purchase contracts 6,164 -
Trade creditors - 299
Corporation tax 44,437 59,412
Social security and other taxes 14,018 9,122
VAT 64,785 35,872
Other creditors 2,187 -
Directors' current accounts 2,198 697
Accruals and deferred income 5,500 46,434
167,006 179,903

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 3,333 23,333
Other loans - 1-2 years 8,487 8,775
Other loans - 2-5 years 30,888 31,215
Other loans more 5yrs instal 323,876 329,800
Hire purchase contracts 31,995 -
418,579 413,123

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 323,876 329,800

J W DEVELOPING SOLUTIONS LIMITED (REGISTERED NUMBER: 08378442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 370,968 377,857

The company's other loans represent mortgages secured on the company's investment properties.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 March 2024 and the year ended 31 March 2023:

2024 2023
£    £   
Ms K Jones
Balance outstanding at start of period 170,821 90,000
Amounts advanced - 170,821
Amounts repaid (170,821 ) (90,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 170,821

Ms H M Watts
Balance outstanding at start of period 82,350 3,100
Amounts advanced - 82,350
Amounts repaid (82,350 ) (3,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 82,350

Loans to directors are repayable on demand and interest is charged at 2.5% per annum.