J. D. S. (City Developments) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01597041 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

J. D. S. (City Developments) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F A Dent

J M Dent

REGISTERED OFFICE:

Kepier House

Belmont Business Park

Durham

DH1 1TW

REGISTERED NUMBER:

01597041 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

4,739

5,581

Investment property

5

1,555,000

1,559,739

1,560,581

CURRENT ASSETS

Debtors

6

1,534

1,450

Cash at bank

4,348

3,331

5,882

4,781

CREDITORS

Amounts falling due within one year

7

(31,714

)

(50,828

)

NET CURRENT LIABILITIES

(25,832

)

(46,047

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,533,907

1,514,534

CREDITORS

Amounts falling due after more than one
year

8

(59,137

)

(66,539

)

PROVISIONS FOR LIABILITIES

11

(144,890

)

(138,890

)

NET ASSETS

1,329,880

1,309,105

CAPITAL AND RESERVES

Called up share capital

12

602

Investment property

revaluations

878,536

884,979

Retained earnings

450,742

423,524

SHAREHOLDERS' FUNDS

1,329,880

1,309,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

J M Dent - Director

1.	STATUTORY INFORMATION

J. D. S. (City Developments) Limited 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 preparing the financial statements

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.

There were no material departures from the 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Rental income is recognised on a straight line basis over the term to which it relates.

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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Tangible fixed assets are measured at cost less any accumulated depreciation and impairment.

Investment property

Investment property is included at fair value. Gains and losses are recognised in the profit and loss account. Deferred taxation is provided on these gains and losses and 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.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

22,381

6,144

28,525

DEPRECIATION

At 1 January 2024

19,251

3,693

22,944

Charge for year

473

369

842

At 31 December 2024

19,724

4,062

23,786

NET BOOK VALUE

At 31 December 2024

2,657

2,082

4,739

At 31 December 2023

3,130

2,451

5,581

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,555,000

NET BOOK VALUE

At 31 December 2024

1,555,000

At 31 December 2023

1,555,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 1999

87,865

Valuation in 2000

6,140

Valuation in 2001

21,083

Valuation in 2002

23,191

Valuation in 2003

38,265

Valuation in 2004

306,634

Valuation in 2008

(80,323

)

Valuation in 2011

237,094

Valuation in 2017

(27,501

)

Valuation in 2020

382,500

Cost

560,052

1,555,000

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

2024

2023

£

Cost

560,052

Investment property was valued on an open market basis on 31 December 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Prepayments

1,534

1,450

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts (see note 9)

13,598

33,007

Trade creditors

-

2,725

Taxation and social security

15,056

12,114

Directors' current accounts

240

162

Accruals and deferred income

2,820

31,714

50,828

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans (see note 9)

59,137

66,539

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years

4,745

15,130

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

Amounts falling due within one year or on demand:

Bank loans

13,598

33,007

Amounts falling due between one and two years:

Bank loans - 1-2 years

13,598

12,852

Amounts falling due between two and five years:

Bank loans - 2-5 years

40,794

38,557

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years

4,745

15,130

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

72,735

99,546

Bank loans are secured on the properties of the company.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

144,890

138,890

Deferred

tax

£

Balance at 1 January 2024

138,890

Accelerated capital allowances

6,000

Balance at 31 December 2024

144,890

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

602

Ordinary

£1

602

13.	RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below:

2024

2023

£

Amounts due to/(from) directors

240

162

No interest has been charged.