T J Construction (Nottingham) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07473903 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

T J Construction (Nottingham) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A H Ralls

S T Stephens

P J Stephens

REGISTERED OFFICE:

Alexandra House

43 Alexandra Street

Nottingham

Nottinghamshire

NG5 1AY

REGISTERED NUMBER:

07473903 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

Alexandra House

43 Alexandra St

Nottingham

Nottinghamshire

NG5 1AY

FIXED ASSETS

Tangible assets

4

207,636

75,797

Investment property

5

1,850,000

2,057,636

1,925,797

CURRENT ASSETS

Debtors

6

12,281

16,037

Cash at bank

25,423

30,254

37,704

46,291

CREDITORS

Amounts falling due within one year

7

1,912,616

1,889,478

NET CURRENT LIABILITIES

(1,874,912

)

(1,843,187

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

182,724

82,610

CREDITORS

Amounts falling due after more than one
year

8

176,422

75,190

NET ASSETS

6,302

7,420

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

6,301

7,419

6,302

7,420

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

P J Stephens - Director

1.	STATUTORY INFORMATION

T J Construction (Nottingham) Ltd 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 preparation

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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the entity rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for rental income earned from investment properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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.

Going concern

At the year end current liabilities exceeded current assets by £1,874,912 (2023: £1,843,187). Included within current liabilities are amounts owed to the ultimate parent company totalling £1,861,745 (2023: £1,861,745) who have agreed to provide continual support to this company. On this basis the Directors have concluded that the financial statements can be prepared on a going concern basis.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 January 2024

86,625

Additions

336,198

Disposals

(194,620

)

At 31 December 2024

228,203

DEPRECIATION

At 1 January 2024

10,828

Charge for year

39,041

Eliminated on disposal

(29,302

)

At 31 December 2024

20,567

NET BOOK VALUE

At 31 December 2024

207,636

At 31 December 2023

75,797

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,850,000

NET BOOK VALUE

At 31 December 2024

1,850,000

At 31 December 2023

1,850,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

1,850,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

Cost

1,850,000

The investment property was valued on an open market basis on 31 December 2022 by the Directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

12,281

16,037

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Hire purchase contracts

19,500

8,727

Amounts owed to group undertakings

1,861,745

Taxation and social security

(3,220

)

-

Other creditors

34,591

19,006

1,912,616

1,889,478

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Hire purchase contracts

176,422

75,190

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Hire purchase contracts

195,922

83,917

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shaw BSc FCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

S T Stephens

Balance outstanding at start of year

9,039

Amounts advanced

500

-

Amounts repaid

(5,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

4,539

9,039

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemptions available from disclosing related party transactions with other group companies on the grounds that it is a wholly owned subsidiary.

13.	ULTIMATE CONTROLLING PARTY

The company is wholly owned by its parent company John A Stephens Holdings Limited, a company incorporated in the UK. John A Stephens Holdings Limited prepares the only consolidated accounts in the group, and these include the results of T J Construction (Nottingham) Limited. The consolidated financial statements can be obtained from Companies House. The registered office address of John A Stephens Holdings Limited is John A Stephens Limited, Castle Meadow Road, Nottingham, NG2 1AG.

The company's controlling party is P J Stephens by virtue of his controlling interest in John A Stephens Holdings Limited.