Company registration number 10701557 (England and Wales)
JDW HOMES LIMITED
Unaudited Financial Statements
for the Year Ended 31 March 2025
JDW HOMES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
1,389,835
1,389,835
Investments
4
2
2
1,389,837
1,389,837
Current assets
Debtors
6
178,296
176,545
Cash at bank and in hand
19,275
4,209
197,571
180,754
Creditors: amounts falling due within one year
7
(272,107)
(268,354)
Net current liabilities
(74,536)
(87,600)
Total assets less current liabilities
1,315,301
1,302,237
Creditors: amounts falling due after more than one year
8
(968,631)
(973,453)
Net assets
346,670
328,784
Capital and reserves
Called up share capital
10
10
Revaluation reserve
255,558
255,558
Profit and loss reserves
91,102
73,216
Total equity
346,670
328,784
JDW HOMES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 18 July 2025 and are signed on its behalf by:
Mr J D Williams
Mrs K O Williams
Director
Director
Company registration number 10701557 (England and Wales)
JDW HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
JDW Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is Units 5 & 6, The Wharf, Eardisley, Herefordshire, HR3 6NS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
1.4
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.5
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
JDW HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
- 4 -
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
1,389,835
There has been no revaluation of investment property by an independent valuer.
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
2
2
JDW HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Subsidiaries
Details of the company's subsidiaries at 31 March 2025 are as follows:
Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Kittys Lane Ltd
England & Wales
Letting of rental property
Ordinary £1
100.00
41 Kington Ltd
England & Wales
Letting of rental property
Ordinary £1
100.00
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,751
Amounts owed by undertakings in which the company has a participating interest
176,545
176,545
178,296
176,545
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
4,783
4,783
Trade creditors
21
14
Other creditors
267,303
263,557
272,107
268,354
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
19,928
24,710
Other creditors
948,703
948,743
968,631
973,453
JDW HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
9
Loans and overdrafts
2025
2024
£
£
Bank loans
24,711
29,493
Other loans
948,703
948,743
973,414
978,236
Payable within one year
4,783
4,783
Payable after one year
968,631
973,453
Aldermore Bank is denominated in GBP with a nominal interest rate of 3.78% per month, the final instalment is due on 30 November 2045. The carrying amount at year end is £182,949 (2024 - £182,919).
The loan is secured against the property at 3 Park Terrace, Kingsland, Leominster
Paragon Bank Plc is denominated in GBP with a nominal interest rate of 2.850% per month, and the final instalment is due on 6 December 2036. The carrying amount at year end is £145,693 (2024 - £145,693).
The loan is secured by a legal charge over the property at 1 Caradoc Drive, Leominster
Lloyds Bank is denominated in GBP with a nominal interest rate of 2.5% per month, and the final instalment is due on 30 April 2026. The carrying amount at year end is £24,710 (2024 - £29,493).
The loan is not secured
Paratus Amc Limited is denominated in GBP and the final instalment is due on 22 December 2046 . The carrying amount at year end is £211,054 (20234- £211,066).
A charge is secured against the property at 2 Woodland View Norton Canon, Hereford
Paratus Amc Limited is denominated in GBP and the final instalment is due on 12 October 2036. The carrying amount at year end is £204,503 (2024 - £204,503).
A charge is secured against the property at 4 Woodland View Norton Canon, Hereford
Paratus Amc Limited is denominated in GBP and the final instalment is due on 20 December 2036. The carrying amount at year end is £204,503 (2023 - £204,503).
A charge is secured against the property at 3 Woodland View Norton Canon, Hereford