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REGISTERED NUMBER: 03836600 (England and Wales)















Abridged Financial Statements for the Year Ended 31 August 2024

for

SIMON JAMES NEW HOMES LIMITED

SIMON JAMES NEW HOMES LIMITED (REGISTERED NUMBER: 03836600)






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




Page

Company Information 1

Report of the Director 2

Abridged Income Statement 3

Abridged Balance Sheet 4

Notes to the Financial Statements 6


SIMON JAMES NEW HOMES LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: SJ Crocker





REGISTERED OFFICE: 29 Oakfield Road
Clifton
Bristol
BS8 2AT





REGISTERED NUMBER: 03836600 (England and Wales)





ACCOUNTANTS: West Country Accounting Services Limited
Chartered Accountants
BS15 1NT

SIMON JAMES NEW HOMES LIMITED (REGISTERED NUMBER: 03836600)

Report of the Director
for the Year Ended 31 August 2024

The director presents his report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the development of high quality residential property.

DIRECTOR
SJ Crocker held office during the whole of the period from 1 September 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





SJ Crocker - Director


9 May 2025

SIMON JAMES NEW HOMES LIMITED (REGISTERED NUMBER: 03836600)

Abridged Income Statement
for the Year Ended 31 August 2024

2024 2023
Notes £    £   

GROSS PROFIT 130,651 68,574

Administrative expenses 31,216 150,188
OPERATING PROFIT/(LOSS) 4 99,435 (81,614 )


Interest payable and similar expenses 163,702 193,925
LOSS BEFORE TAXATION (64,267 ) (275,539 )

Tax on loss 5 - -
LOSS FOR THE FINANCIAL YEAR (64,267 ) (275,539 )

SIMON JAMES NEW HOMES LIMITED (REGISTERED NUMBER: 03836600)

Abridged Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 6 7,568 11,464
Investments 7 401 401
Investment property 8 706,000 706,000
713,969 717,865

CURRENT ASSETS
Inventories 296,031 296,031
Debtors 5,916,323 6,420,753
Cash at bank 17,892 53,723
6,230,246 6,770,507
CREDITORS
Amounts falling due within one year 6,722,670 7,202,560
NET CURRENT LIABILITIES (492,424 ) (432,053 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,545

285,812

CREDITORS
Amounts falling due after more than one year (4,783 ) (4,783 )

PROVISIONS FOR LIABILITIES (4,289 ) (4,289 )
NET ASSETS 212,473 276,740

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 212,471 276,738
SHAREHOLDERS' FUNDS 212,473 276,740

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 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.

SIMON JAMES NEW HOMES LIMITED (REGISTERED NUMBER: 03836600)

Abridged Balance Sheet - continued
31 August 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the director and authorised for issue on 9 May 2025 and were signed by:





SJ Crocker - Director


SIMON JAMES NEW HOMES LIMITED (REGISTERED NUMBER: 03836600)

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

1. STATUTORY INFORMATION

SIMON JAMES NEW HOMES 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
Revenue 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 ) .

SIMON JAMES NEW HOMES LIMITED (REGISTERED NUMBER: 03836600)

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

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 3,896 4,058

5. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 August 2024 nor for the year ended 31 August 2023.

6. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 September 2023
and 31 August 2024 57,444
DEPRECIATION
At 1 September 2023 45,980
Charge for year 3,896
At 31 August 2024 49,876
NET BOOK VALUE
At 31 August 2024 7,568
At 31 August 2023 11,464

7. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 September 2023
and 31 August 2024 401
NET BOOK VALUE
At 31 August 2024 401
At 31 August 2023 401

8. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 706,000
NET BOOK VALUE
At 31 August 2024 706,000
At 31 August 2023 706,000

SIMON JAMES NEW HOMES LIMITED (REGISTERED NUMBER: 03836600)

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

9. RESERVES
Retained
earnings
£   

At 1 September 2023 276,738
Deficit for the year (64,267 )
At 31 August 2024 212,471