Registration number: 13841323

James Nicholas Homes Construction Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

James Nicholas Homes Construction Limited

(Registration number: 13841323)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	46,077	62,942
Current assets
Debtors	5	1,092,590	895,954
Cash at bank and in hand		1,201	4,406
		1,093,791	900,360
Creditors: Amounts falling due within one year	6	(334,852)	(171,759)
Net current assets		758,939	728,601
Total assets less current liabilities		805,016	791,543
Creditors: Amounts falling due after more than one year	6	(672,814)	(702,571)
Provisions for liabilities		(11,520)	(15,736)
Net assets		120,682	73,236
Capital and reserves
Called up share capital		1	1
Retained earnings		120,681	73,235
Shareholders' funds		120,682	73,236

James Nicholas Homes Construction Limited

(Registration number: 13841323)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2025
 

......................................... Mr NM Challener Director

James Nicholas Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Block C
14 Hulme Street
Salford
Greater Manchester
M5 4ZG
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by its parent companies. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

James Nicholas Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Judgements

In the application of the company'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 revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, less estimated residual value, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance

James Nicholas Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Furniture, fittings and equipment

Various rates

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

4	Tangible assets

	Furniture, fittings and equipment  £	Plant & machinery £	Total £
Cost or valuation
At 1 April 2024	13,980	83,775	97,755
At 31 March 2025	13,980	83,775	97,755
Depreciation
At 1 April 2024	6,688	28,124	34,812
Charge for the year	2,953	13,913	16,866
At 31 March 2025	9,641	42,037	51,678
Carrying amount
At 31 March 2025	4,339	41,738	46,077
At 31 March 2024	7,291	55,651	62,942

5

Debtors

Current	2025 £	2024 £
Prepayments	2,046	-
Other debtors	1,090,544	895,954
	1,092,590	895,954

James Nicholas Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	1,191	96
Taxation and social security	6,594	-
Accruals and deferred income	326,049	170,645
Other creditors	1,018	1,018
	334,852	171,759

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Owed to group undertakings	672,814	702,571

7	Parent and ultimate parent undertaking

The immediate parent company is James Nicholas Homes Limited. The share capital of James Nicholas Homes Limited is owned equally by Salboy Partnerships Limited and MPF Holding (Repton) Limited. There is no ultimate controlling party.

Salboy Partnerships is a company incorporated in England and Wales, company number 13626842, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.

The ultimate parent company of Salboy Partnerships Limited is Salboy Limited, incorporated in England and Wales, company number 09123542, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.

MPF Holding (Repton) Limited is a company incorporated in England and Wales, company number 13793421, registered office Unit 9 Albion Gateway, Milan Road, Burton On Trent, United Kingdom, DE13 0FY.