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REGISTERED NUMBER: 06857267















Financial Statements for the Year Ended 31 August 2024

for

JGS Homes Ltd

JGS Homes Ltd (Registered number: 06857267)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JGS Homes Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Ms K M Moore





REGISTERED OFFICE: Coveham House
Downside Bridge Road
Cobham
Surrey
KT11 3EP





REGISTERED NUMBER: 06857267





ACCOUNTANTS: Accountlets Ltd
Suite C3
Coveham House
Downside Bridge Road
Cobham
Surrey
KT11 3EP

JGS Homes Ltd (Registered number: 06857267)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,800,000 2,800,000
Investments 5 201 201
2,800,201 2,800,201

CURRENT ASSETS
Debtors 6 14,180 15,850
Cash at bank and in hand 4,413 8,847
18,593 24,697
CREDITORS
Amounts falling due within one year 7 2,384,503 2,296,022
NET CURRENT LIABILITIES (2,365,910 ) (2,271,325 )
TOTAL ASSETS LESS CURRENT LIABILITIES 434,291 528,876

CREDITORS
Amounts falling due after more than one year 8 227,823 227,823
NET ASSETS 206,468 301,053

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 206,368 300,953
SHAREHOLDERS' FUNDS 206,468 301,053

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

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

The director acknowledges her 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 Income Statement has not been delivered.

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





Ms K M Moore - Director


JGS Homes Ltd (Registered number: 06857267)

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

1. STATUTORY INFORMATION

JGS Homes Ltd is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

JGS Homes Ltd (Registered number: 06857267)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 2,800,000 16,840 2,816,840
DEPRECIATION
At 1 September 2023
and 31 August 2024 - 16,840 16,840
NET BOOK VALUE
At 31 August 2024 2,800,000 - 2,800,000
At 31 August 2023 2,800,000 - 2,800,000

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 201
NET BOOK VALUE
At 31 August 2024 201
At 31 August 2023 201

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed by group undertakings 14,180 15,850

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 221,516 221,516
Trade creditors 2 -
Amounts owed to group undertakings 1,968,867 1,895,478
Taxation and social security (2,836 ) 583
Other creditors 196,954 178,445
2,384,503 2,296,022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 157,633 157,633
Other creditors 70,190 70,190
227,823 227,823