B J D (GB) LIMITED


Director	DICKENS, Roger James


Company Secretary	LEWIS, Lisa Ann


Registered Address	53 Calthorpe Road
	Edgbaston
	Birmingham
	B15 1TH


Registered Number	05272092 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	10
	Plant and machinery	5
	Fixtures and fittings	5
	Vehicles	5
	Office Equipment	5

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		4

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	21,661
	At 31 December 24	21,661
	Amortisation and impairment
	At 01 January 24	5,235
	Charge for year	2,166
	At 31 December 24	7,401
	Net book value
	At 31 December 24	14,260
	At 31 December 23	16,426

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	943,193
	Additions	38,922
	At 31 December 24	980,457
	Depreciation and impairment
	At 01 January 24	465,331
	Charge for year	88,611
	At 31 December 24	552,284
	Net book value
	At 31 December 24	428,173
	At 31 December 23	477,862

5.	Fixed asset investments
	The fixed asset investments held by the Company include investment properties held at fair value. The Director has approved the fair value as of the reporting date as £3,419,210 (2023: £3,419,210). The fixed asset investments also include investments in associates and joint ventures of £155 (2023: £346). Associate undertakings: Nightingale Derbyshire Limited - a Company registered in England and Wales The principal activity of Nightingale Derbyshire Limited is property development. The Company owns 25% of the issued share capital. Wavensmere Regeneration Limited - a Company registered in England and Wales The principal activity of Wavensmere Regeneration Limited is property development. The Company owned 50% of the issued share capital at the year end. Wavensmere Belgrave Middleway Limited - a Company registered in England and Wales The company is dormant. The Company owns 50% of the issued share capital. Wavensmere B4 Limited - a Company registered in England and Wales The principal activity of Wavensmere B4 Limited is property development. The Company owns 50% of the issued share capital. Wavensmere D2 Limited - a Company registered in England and Wales The principal activity of Wavensmere D2 Limited is property development. The Company owns 50% of the issued share capital. Wavensmere D3 Limited - a Company registered in England and Wales The principal activity of Wavensmere D3 Limited is property development. The Company owns 50% of the issued share capital.

Fixed asset investments

The fixed asset investments held by the Company include investment properties held at fair value. The Director has approved the fair value as of the reporting date as £3,419,210 (2023: £3,419,210).

The fixed asset investments also include investments in associates and joint ventures of £155 (2023: £346). 

Associate undertakings:


Nightingale Derbyshire Limited - a Company registered in England and Wales
The principal activity of Nightingale Derbyshire Limited is property development. The Company owns 25% of the issued share capital.

Wavensmere Regeneration Limited - a Company registered in England and Wales
The principal activity of Wavensmere Regeneration Limited is property development. The Company owned 50% of the issued share capital at the year end.

Wavensmere Belgrave Middleway Limited - a Company registered in England and Wales
The company is dormant. The Company owns 50% of the issued share capital.

Wavensmere B4 Limited - a Company registered in England and Wales
The principal activity of Wavensmere B4 Limited is property development. The Company owns 50% of the issued share capital.

Wavensmere D2 Limited - a Company registered in England and Wales
The principal activity of Wavensmere D2 Limited is property development. The Company owns 50% of the issued share capital.

Wavensmere D3 Limited - a Company registered in England and Wales
The principal activity of Wavensmere D3 Limited is property development. The Company owns 50% of the issued share capital.

		Total
		£
	Cost or valuation
	At 01 January 24	3,419,556
	Additions	196
	Disposals	(191)
	At 31 December 24	3,419,561
	Net book value
	At 31 December 24	3,419,561
	At 31 December 23	3,419,556

6.	Stocks

	2024	2023
	£	£
Work in progress	-	74,900
Total	-	74,900

7.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	95,991	457,340
Amounts owed by associates and joint ventures / participating interests	9,700,089	5,887,413
Other debtors	84,023	100,087
Total	9,880,103	6,444,840

8.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	20,124	160,921
Amounts owed to related parties	360,050	1,631,821
Taxation and social security	7,565	119,657
Finance lease and HP contracts	66,038	50,441
Other creditors	21,272	3,554
Accrued liabilities and deferred income	-	27,730
Total	475,049	1,994,124

9.	Creditors: amounts due after one year

	2024	2023
	£	£
Amounts owed to related parties	4,374,515	4,734,515
Other creditors	-	64,140
Total	4,374,515	4,798,655

10.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	66,038		114,581

11.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	668,297	657,257
Total	668,297	657,257

12.	Related party transactions
	The Company has an unsecured loan from a trust in which the Director is a beneficiary. No interest has been charged on the said loan and no repayments were made in the year. The balance of the loan at the year end being £3,015,247 (2023: £3,015,247). The Company has an unsecured, interest free loan from the Director of £1,719,268 (2023: £2,079,268). £360,000 of this is shown as repayable within one year although there is no fixed repayment date for the balance.

12.

Related party transactions

The Company has an unsecured loan from a trust in which the Director is a beneficiary. No interest has been charged on the said loan and no repayments were made in the year. The balance of the loan at the year end being £3,015,247 (2023: £3,015,247).

The Company has an unsecured, interest free loan from the Director of £1,719,268 (2023: £2,079,268). £360,000 of this is shown as repayable within one year although there is no fixed repayment date for the balance.

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		14,260		16,426
Tangible assets	4		428,173		477,862
Investments	5		3,419,561		3,419,556
			3,861,994		3,913,844
Current assets
Stocks	6	-		74,900
Debtors	7	9,880,103		6,444,840
Current asset investments		24,900		24,900
Cash at bank and on hand		3,416,247		5,401,883
		13,321,250		11,946,523
Creditors amounts falling due within one year	8	(475,049)		(1,994,124)
Net current assets (liabilities)			12,846,201		9,952,399
Total assets less current liabilities			16,708,195		13,866,243
Creditors amounts falling due after one year	9		(4,374,515)		(4,798,655)
Provisions for liabilities	11		(668,297)		(657,257)
Net assets			11,665,383		8,410,331
Capital and reserves
Called up share capital			1,000		1,000
Revaluation reserve			1,623,821		1,623,821
Profit and loss account			10,040,562		6,785,510
Shareholders' funds			11,665,383		8,410,331