Company Registration No. 10637581 (England and Wales)
JM Developments (Ilkley) Ltd
Unaudited accounts
for the year ended 31 December 2024
JM Developments (Ilkley) Ltd
Unaudited accounts
Contents
JM Developments (Ilkley) Ltd
Company Information
for the year ended 31 December 2024
Company Number
10637581 (England and Wales)
Registered Office
The Sidings Station Approach
Ben Rhydding
Ilkley
West Yorkshire
LS29 8EB
Accountants
Red Rose Accountancy Services Ltd
Arran
Yew Tree Road
Grange-over-Sands
Cumbria
LA11 7AA
Accountants' report on the preparation of the unaudited statutory statements of JM Developments (Ilkley) Ltd (The Company) for the year ended 31 December 2024
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 December 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the year ended 31 December 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Red Rose Accountancy Services Ltd
Financial Accountants
Arran
Yew Tree Road
Grange-over-Sands
Cumbria
LA11 7AA
19 September 2025
JM Developments (Ilkley) Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
23,866
19,167
Inventories
592,494
543,868
Cash at bank and in hand
508
1,026
Creditors: amounts falling due within one year
(232,735)
(174,277)
Net current assets
361,104
374,455
Total assets less current liabilities
384,970
393,622
Creditors: amounts falling due after more than one year
(407,000)
(407,000)
Net liabilities
(22,030)
(13,378)
Called up share capital
100
100
Profit and loss account
(22,130)
(13,478)
Shareholders' funds
(22,030)
(13,378)
For the year ending 31 December 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 September 2025 and were signed on its behalf by
J D Mawby
Director
Company Registration No. 10637581
JM Developments (Ilkley) Ltd
Notes to the Accounts
for the year ended 31 December 2024
JM Developments (Ilkley) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10637581. The registered office is The Sidings Station Approach, Ben Rhydding, Ilkley, West Yorkshire, LS29 8EB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on the reducing balance basis
Motor vehicles
10% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
JM Developments (Ilkley) Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
13,500
17,833
31,333
At 31 December 2024
13,500
26,185
39,685
At 1 January 2024
6,863
5,303
12,166
Charge for the year
1,350
2,303
3,653
At 31 December 2024
8,213
7,606
15,819
At 31 December 2024
5,287
18,579
23,866
At 31 December 2023
6,637
12,530
19,167
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,881
4,779
Loans from directors
229,870
153,517
The director's loan account is interest free and repayable on demand.
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
407,000
407,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).