Company registration number 10432804 (England and Wales)
JAMES TAYLOR HOMES GROUP LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
JAMES TAYLOR HOMES GROUP LIMITED
CONTENTS
Page
Company balance sheet
3
Group balance sheet
1
Group statement of changes in equity
2
Notes to the financial statements
4 - 17
JAMES TAYLOR HOMES GROUP LIMITED
GROUP BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
29,689
31,569
Investment properties
5
9,450,000
9,375,000
Investments
6
1,254,744
850,415
10,734,433
10,256,984
Current assets
Stocks
9
8,186,348
9,698,371
Debtors
10
8,501,775
4,986,655
Cash at bank and in hand
3,587,801
188,370
20,275,924
14,873,396
Creditors: amounts falling due within one year
11
(16,635,502)
(6,780,736)
Net current assets
3,640,422
8,092,660
Total assets less current liabilities
14,374,855
18,349,644
Creditors: amounts falling due after more than one year
12
(10,260,104)
(15,930,980)
Provisions for liabilities
(53,380)
-
Net assets
4,061,371
2,418,664
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
4,061,271
2,418,564
Total equity
4,061,371
2,418,664

T he directors of the group have elected not to include a copy of the profit and loss account within the financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 2 October 2025 and are signed on its behalf by:
02 October 2025
M Coath
Director
JAMES TAYLOR HOMES GROUP LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 November 2022
100
2,984,621
2,984,721
Year ended 31 October 2023:
Loss and total comprehensive income for the year
-
(496,057)
(496,057)
Dividends
-
(70,000)
(70,000)
Balance at 31 October 2023
100
2,418,564
2,418,664
Year ended 31 October 2024:
Profit and total comprehensive income for the year
-
1,722,707
1,722,707
Dividends
-
(80,000)
(80,000)
Balance at 31 October 2024
100
4,061,271
4,061,371
JAMES TAYLOR HOMES GROUP LIMITED
COMPANY BALANCE SHEET
AS AT 31 OCTOBER 2024
31 October 2024
- 3 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
13,360
-
0
Investments
6
1,255,048
850,721
1,268,408
850,721
Current assets
Stocks
9
-
1,486,639
Debtors
10
11,381,413
10,272,117
Cash at bank and in hand
3,338,912
52,615
14,720,325
11,811,371
Creditors: amounts falling due within one year
11
(9,424,726)
(6,705,289)
Net current assets
5,295,599
5,106,082
Total assets less current liabilities
6,564,007
5,956,803
Creditors: amounts falling due after more than one year
12
(3,294,730)
(4,504,420)
Net assets
3,269,277
1,452,383
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
3,269,177
1,452,283
Total equity
3,269,277
1,452,383

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

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

The financial statements were approved by the board of directors and authorised for issue on 2 October 2025 and are signed on its behalf by:
02 October 2025
M Coath
Director
Company registration number 10432804 (England and Wales)
JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
1
Accounting policies
1.1
Company information

James Taylor Homes Group Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE.

1.2
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 a mounts 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.

1.3
Basis of consolidation

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

The consolidated group financial statements consist of the financial statements of the parent company James Taylor Homes Group Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 October 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Entities other than subsidiary undertakings, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 5 -
1.4
Going concern

The financial statements have been prepared on the going concern basis, however this is considered to be a material uncertainty.

There is a material uncertainty as the group has received a loan, which it is reliant on, from a related party who has reported a material uncertainty in their audited accounts. The conditions relating to this uncertainty are ultimately derived from an external loan where conditions dictated by the lender have not been met post year end. Furthermore, a number of external loans within the group are approaching their termination date and have not yet been settled for extended.

This also gives rise uncertainty in the accounts as they have not year as the group does not have sufficient liquid assets to repay the loans. The loans are secured over property held by the group, as well as guarantees from a related party.

Based on existing relationships with lenders, previous refinance arrangements and further potential to refinance, the directors believe it remains appropriate to prepare the financial statements on a going concern basis. The directors believe the company has adequate resources to continue in operational existence for the foreseeable future. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

1.5
Turnover

Turnover is measured at the fair value of the consideration received or receivable from the sale of developed property and other related income. Turnover from property sales is recognised at the date of exchange.

Rental income is recognised on a straight-line basis over the rental term.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

At each reporting date, tangible fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

Depreciation has been computed to write off the cost of the tangible fixed assets over their useful expected lives using the following rates:

Leasehold land and buildings
6.7% straight line
Plant and equipment
25% reducing balance
Fixtures and fittings
20% straight line or 25% reducing balance
Computers
25% reducing balance
1.7
Investment properties

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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 6 -
1.8
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. 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 group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.9
Stocks

Stock represents property acquired for development together with work in progress on those properties. The resultant stock and work in progress is valued at the lower of cost or net realisable value. Cost comprises the acquisition cost of the land and buildings, together with related legal and professional costs, development and borrowing costs.

In considering net realisable value, it is assumed that developments will be completed and sold in the ordinary course of business and not placed on the market for immediate sale in their current state of development.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 7 -
1.11
Trade and other debtors

Trade and other debtors are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment.

1.12
Trade and other creditors

Trade and other creditors are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.

1.13
Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against future taxable profits or against the reversal of deferred tax liabilities.

Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

1.14
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.15

Dividend income

Dividend income is recognised when the right to receive payment is established.

JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 8 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

Profit recognition

Stock consists of the acquisition cost of the land and buildings, together with related legal and professional costs, development and borrowing costs which is recorded as incurred during a project. An apportionment of stock is transferred to the profit and loss account when properties are sold on a project. The proportion of stock transferred is calculated so as to achieve a consistent margin across each individual project and is reliant on management's estimation of the total selling price. Estimation of the selling price is subject to significant inherent uncertainties, in particular the prediction of future trends in the value of property.

Investment properties

Investment properties are valued annually at fair value. Fair value is ascertained through review of comparable market data and rent levels and cash flows for the respective investment property. There is an inevitable degree of judgement involved. Given the property market knowledge and expertise of the directors and within the group, no formal third party valuation has been considered necessary.

Whilst the Directors exercise due care and attention to make reasonable estimates, taking into account all available information in estimating the future selling price, the estimates may differ from the actual selling prices achieved in future periods.

With the exception of the estimates described above, the directors consider that there are no other significant judgements or estimates in the preparation of these financial statements.

3
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2024
2023
2024
2023
Number
Number
Number
Number
Total
13
-
2
-
0
JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 9 -
4
Tangible fixed assets
Group
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2023
-
0
70,939
70,939
Additions
2,710
13,147
15,857
At 31 October 2024
2,710
84,086
86,796
Depreciation and impairment
At 1 November 2023
-
0
39,370
39,370
Depreciation charged in the year
556
17,181
17,737
At 31 October 2024
556
56,551
57,107
Carrying amount
At 31 October 2024
2,154
27,535
29,689
At 31 October 2023
-
0
31,569
31,569
Company
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2023
-
0
-
0
-
0
Additions
2,710
13,147
15,857
At 31 October 2024
2,710
13,147
15,857
Depreciation and impairment
At 1 November 2023
-
0
-
0
-
0
Depreciation charged in the year
556
1,941
2,497
At 31 October 2024
556
1,941
2,497
Carrying amount
At 31 October 2024
2,154
11,206
13,360
JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 10 -
5
Investment property
Group
Company
2024
2024
£
£
Fair value
At 1 November 2023 and 31 October 2024
9,375,000
-
Revaluations
75,000
-
At 31 October 2024
9,450,000
-

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

6
Fixed asset investments
Group
Company
2024
2023
2024
2023
£
£
£
£
1,254,744
850,415
1,255,048
850,721
Movements in fixed asset investments
Group
Shares in associates
£
Cost or valuation
At 1 November 2023
850,415
Additions
404,329
At 31 October 2024
1,254,744
Carrying amount
At 31 October 2024
1,254,744
At 31 October 2023
850,415
JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
6
Fixed asset investments
(Continued)
- 11 -
Movements in fixed asset investments
Company
Shares in subsidiaries and associates
£
Cost or valuation
At 1 November 2023
850,721
Additions
404,328
Transfer
(1)
At 31 October 2024
1,255,048
Carrying amount
At 31 October 2024
1,255,048
At 31 October 2023
850,721
JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 12 -
7
Subsidiaries

Details of the company's subsidiaries at 31 October 2024 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Indirect
James Taylor Homes Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
100.00
-
Barhos Developments Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
100.00
-
James Taylor Homes (Lincoln Inn) Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
100.00
-
James Taylor Homes (Lincoln Inn Freehold) Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
0
100.00
James Taylor Homes (Harrow) Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
100.00
-
James Taylor Homes (Slough) Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
100.00
-
James Taylor Homes (Blake House) Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
100.00
-
James Taylor Homes (Grays Inn Limited)
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
100.00
-
James Taylor Design and Build Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
100.00
-
James Taylor Homes (Kingston Freehold) Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
0
100.00

All subsidiary undertakings are incorporated in England and Wales.

8
Associates

Details of associates at 31 October 2024 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Indirect
James Taylor Homes (Newton Longville) Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
50
-
James Taylor Homes (Verulamium) Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
0
50
James Taylor Homes (Investment) Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
50
-
James Taylor Homes (Brighton) Limited
James Taylor House, St. Albans Road East, Hatfield, Hertfordshire, AL10 0HE
Property development
Ordinary
0
50
JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 13 -
9
Stocks
Group
Company
2024
2023
2024
2023
£
£
£
£
Stocks
8,186,348
9,698,371
-
1,486,639

Sales in the year of completed properties resulted in £Nil of these finance costs being released to cost of sales (20 23: £907,561).

At the year end the remaining capitalised finance costs included within stock totalled £2,538,128 (2023: £2,538,128).

10
Debtors
Group
Company
2024
2023
2024
2023
Amounts falling due within one year:
£
£
£
£
Trade debtors
530,078
29,241
141
-
0
Amounts owed by group undertakings
-
0
-
0
6,415,158
6,721,510
Other debtors
3,483,904
406,916
2,203,431
58,121
4,013,982
436,157
8,618,730
6,779,631
Amounts falling due after more than one year:
Other debtors
4,487,793
4,550,498
2,762,683
3,492,486
Total debtors
8,501,775
4,986,655
11,381,413
10,272,117
JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 14 -
11
Creditors: amounts falling due within one year
Group
Company
2024
2023
2024
2023
£
£
£
£
Bank loans
4,461,186
-
0
-
0
-
0
Trade creditors
223,404
29,766
-
0
3,000
Amounts owed to group undertakings
-
0
-
0
2,179,485
84,199
Taxation and social security
166,064
11,485
-
0
-
0
Other creditors
11,784,848
6,739,485
7,245,241
6,618,090
16,635,502
6,780,736
9,424,726
6,705,289

The bank loan of £4,461,186 is secured by a first legal mortgage over property owned by the Group, an assignment of rental income paid in respect of the property, a guarantee from James Taylor Construction Limited (a company with common directors) to the sum of £3,721,250 plus interest and costs, and a security deposit held by the bank in the sum of £231,706. There is also a negative pledge.

Included within other creditors are non interest bearing loans totalling £2,637,188 that are deemed repayable on demand.

12
Creditors: amounts falling due after more than one year
Group
Company
2024
2023
2024
2023
£
£
£
£
Bank loans and overdrafts
6,275,000
10,736,186
-
0
-
0
Other creditors
3,985,104
5,194,794
3,294,730
4,504,420
10,260,104
15,930,980
3,294,730
4,504,420

Included within bank loans is a loan of £3,800,000 which is secured by a first legal charge over the property known as 10-11 Kings Mews and the land on the east side of 6 John Street. There is also a fixed charge and negative pledge.

In addition, a bank loan of £2,475,000 (2023: £2,475,000) is secured by a first legal charge over the properties which have mortgages and a charge over a cash deposit held by the bank in the sum of £41,850. Limited guarantee has been provided by James Taylor Homes Group Limited up to £1,080,000 plus any related interest and costs, James Taylor Homes (Lincolns Inn) Limited up to £7,442,500 plus any related interest and costs and James Taylor Homes (Grays Inn) Limited up to £3,800,000 plus any related interest.

Loans within other creditors of £690,374 are secured by a first legal charge over the properties in which the mortgages relate to, and a full corporate guarantee by James Taylor Group Limited (a company with common directors). There is also a negative pledge.

JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 15 -
13
Loans and overdrafts
Group
Company
2024
2023
2024
2023
£
£
£
£
Bank loans
10,736,186
10,736,186
-
0
-
0
Other loans
13,791,809
11,777,370
10,464,247
11,086,996
24,527,995
22,513,556
10,464,247
11,086,996
Payable within one year
14,267,891
6,582,576
7,169,517
6,582,576
Payable after one year
10,260,104
15,930,980
3,294,730
4,504,420
14
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

We draw attention to note 1.4 of the financial statements, which describes that there is a material uncertainty relating to going concern.

Senior Statutory Auditor:
Alistair Campbell BA ACA
Statutory Auditor:
Azets Audit Services
15
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

Group
Company
2024
2023
2024
2023
£
£
£
£
337,500
-
337,500
-
Lessor

At the reporting end date the group had contracted with tenants/agents for the following minimum lease payments:

Group
Company
2024
2023
2024
2023
£
£
£
£
Total lease payments
2,005,000
482,319
-
-
JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 16 -
16
Related party transactions
Transactions with related parties

During the year the group entered into the following transactions with related parties:

Sales
Purchases
2024
2023
2024
2023
£
£
£
£
Group
Associated companies
595,000
-
-
-
Entities with directors in common
117
-
52,500
-
Key management personnel
-
-
329
-
Management fees income
Management fees expense
2024
2023
2024
2023
£
£
£
£
Group
Associated companies
162,000
-
-
-
Entities with directors in common
-
-
780,336
295,680

The following amounts were outstanding at the reporting end date:

Amounts due to related parties
2024
2023
£
£
Group
Entities with directors in common
7,777,316
7,299,248

The following amounts were outstanding at the reporting end date:

Amounts due from related parties
2024
Balance
£
Group
Associated companies
5,405,076
Entities with directors in common
680,000
Other information

Limited guarantee has been provided by James Taylor Homes Group Limited up to £1,080,000 plus any related interest and costs to James Taylor Homes (Slough) Limited.

A guarantee from James Taylor Homes Group Limited to the sum of £2,400,000 has been provided to James Taylor Homes (Brighton) Limited (a company with common directors). James Taylor Homes Group Limited has also provided a joint and several costs overrun and interest shortfall guarantee to the same company.

JAMES TAYLOR HOMES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
16
Related party transactions
(Continued)
- 17 -

At the year end, loans made to James Taylor Homes Group by relatives of the directors had an outstanding balance of £197,689 ( 202 3: £197,689)

At the year end, l oans of £102,085 (202 3: £88,919) were owed to director s. One of the loans is interest bearing at a rate of 0.8% per annum and the other loan is interest free. Both loans have no fixed repayment terms.

During the year, costs for I.T costs and consulting of £81,050 (2023: £120,677) were incurred from a business which is owned by a relative of the director of this business.

During the year, the group made purchases totalling £75,000 from a trust in which one of the group’s directors is a beneficiary

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