| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2024 |
| for |
| John 14.2 Construction Ltd |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2024 |
| for |
| John 14.2 Construction Ltd |
| John 14.2 Construction Ltd (Registered number: 11107699) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| John 14.2 Construction Ltd |
| Company Information |
| for the Year Ended 31 March 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 8th Floor, Becket House |
| 36 Old Jewry |
| London |
| EC2R 8DD |
| John 14.2 Construction Ltd (Registered number: 11107699) |
| Balance Sheet |
| 31 March 2024 |
| 31.3.24 | 31.3.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| John 14.2 Construction Ltd (Registered number: 11107699) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2024 |
| 1. | STATUTORY INFORMATION |
| John 14.2 Construction Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery etc | - |
| 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. |
| 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 |
| John 14.2 Construction Ltd (Registered number: 11107699) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2023 |
| Additions |
| At 31 March 2024 |
| DEPRECIATION |
| At 1 April 2023 |
| Charge for year |
| At 31 March 2024 |
| NET BOOK VALUE |
| At 31 March 2024 |
| At 31 March 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.24 | 31.3.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.24 | 31.3.23 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| John 14.2 Construction Ltd (Registered number: 11107699) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2024 |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| The Report of the Auditors was modified on the following basis: |
| Basis for modified opinion |
| We were unable to obtain sufficient appropriate audit evidence in a number of key areas. |
| The company is a wholly owned subsidiary of the Matt 6.3 Charitable Trust (registered charity number 1069985). During the course of our audit of the charity and it's trading subsidiaries we noted significant matters (which included, but were not limited to): |
| - Lack of internal controls and governance; |
| - Material unauthorised payments to related and connected parties which appear to have no commercial substance; |
| - No recognition or management of conflicts of interest or trustee benefit. |
| Due to the uncertainty regarding the matters above and inability to determine how these matters might be |
| resolved, we concluded that we could not obtain sufficient appropriate audit evidence that there were no |
| material misstatements in the financial statements, arising from either intentional misstatement or error. |
| Due to the nature of these matters, we are unable to determine the full value of any adjustments that would |
| have been necessary to the Income Statement, the Balance Sheet or associated disclosures. We have |
| concluded that the possible effects on the financial statements from these matters could be both material |
| and pervasive. |
| We are therefore unable to form an opinion on the financial statements as a whole. |
| for and on behalf of |
| 8. | RELATED PARTY DISCLOSURES |
| 31.3.24 | 31.3.23 |
| £ | £ |
| Amounts owing to related parties | - | 33,339 |
| Amounts owing from related parties | 5,480 | 48,871 |
| Sales to related parties | 356,679 | 500,111 |
| Management charges paid to related parties | 9,900 | 9,000 |
| Consultancy fees paid to related parties | 57,600 | 57,600 |
| Recharges made to related parties | 44,429 | - |
| The related parties are all companies which are under the same common control. |
| 9. | GOING CONCERN |
| The company is in a profit making position but has a negative balance sheet. The directors feel the use of going concern is still appropriate as the company has the financial support of Immingham Industrial Estates Limited . Immingham Industrial Estates Limited is also a 100% subsidiary of the Matt 6.3 Charitable Trust and is in a strong position to support the company making both good levels of profit and having a healthy balance sheet. |