Acorah Software Products - Accounts Production 16.7.461 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06054900 Mr John Curtis Mrs Sally Wojniak iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06054900 2023-12-31 06054900 2024-12-31 06054900 2024-01-01 2024-12-31 06054900 frs-core:CurrentFinancialInstruments 2024-12-31 06054900 frs-core:Non-currentFinancialInstruments 2024-12-31 06054900 frs-core:PlantMachinery 2024-12-31 06054900 frs-core:PlantMachinery 2024-01-01 2024-12-31 06054900 frs-core:PlantMachinery 2023-12-31 06054900 frs-core:ShareCapital 2024-12-31 06054900 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06054900 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06054900 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06054900 frs-bus:SmallEntities 2024-01-01 2024-12-31 06054900 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06054900 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06054900 frs-core:DeferredTaxation 2024-01-01 2024-12-31 06054900 frs-core:DeferredTaxation 2023-12-31 06054900 frs-core:DeferredTaxation 2024-12-31 06054900 frs-bus:Director1 2024-01-01 2024-12-31 06054900 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06054900 frs-countries:EnglandWales 2024-01-01 2024-12-31 06054900 2022-12-31 06054900 2023-12-31 06054900 2023-01-01 2023-12-31 06054900 frs-core:CurrentFinancialInstruments 2023-12-31 06054900 frs-core:Non-currentFinancialInstruments 2023-12-31 06054900 frs-core:ShareCapital 2023-12-31 06054900 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06054900
JFC Developments Residential Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Martin Nye
Chartered Certified Accountants
186 High Street
Winslow
Buckinghamshire
MK18 3DQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06054900
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,344 55,053
50,344 55,053
CURRENT ASSETS
Stocks 5 6,171,739 5,600,484
Debtors 6 3,890,216 4,440,081
Cash at bank and in hand 165,661 14,658
10,227,616 10,055,223
Creditors: Amounts Falling Due Within One Year 7 (1,839,195 ) (2,852,549 )
NET CURRENT ASSETS (LIABILITIES) 8,388,421 7,202,674
TOTAL ASSETS LESS CURRENT LIABILITIES 8,438,765 7,257,727
Creditors: Amounts Falling Due After More Than One Year 8 (3,624,905 ) (2,589,905 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,192 ) (8,405 )
NET ASSETS 4,805,668 4,659,417
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 4,805,667 4,659,416
SHAREHOLDERS' FUNDS 4,805,668 4,659,417
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Curtis
Director
9th December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JFC Developments Residential Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06054900 . The registered office is 186 High Street, Winslow, Buckinghamshire, MK18 3DQ. The presentation currency is £ Sterling rounded to the nearest £1.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 132,649
As at 31 December 2024 132,649
Depreciation
As at 1 January 2024 77,596
Provided during the period 4,709
As at 31 December 2024 82,305
Net Book Value
As at 31 December 2024 50,344
As at 1 January 2024 55,053
5. Stocks
2024 2023
£ £
Stock 6,171,739 5,600,484
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 10,280
Amounts recoverable on contracts 1,195,000 1,346,000
Prepayments and accrued income 1,806 4,731
Other debtors 2,690,622 3,079,070
Other taxes and social security 2,788 -
3,890,216 4,440,081
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 125,904 109,030
Bank loans and overdrafts 687,500 741,628
Corporation tax 147,843 196,668
Other taxes and social security - 4,288
VAT 3,175 1,799
Other creditors 628,598 957,545
Accruals and deferred income 240,406 242,562
Directors' loan accounts 5,769 599,029
1,839,195 2,852,549
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,000,000 -
Other creditors 2,624,905 2,589,905
3,624,905 2,589,905
9. Secured Creditors
Of the creditors the following amounts are secured. C. Hoare & Co Bank has charges over land owned by the company in respect of outstanding loans. 
2024 2023
£ £
Bank loans and overdrafts 1,687,500 687,500
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 8,405 8,405
Utilised (213 ) (213)
Balance at 31 December 2024 8,192 8,192
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5