REGISTERED NUMBER: 11254067 (England and Wales)

OWEN JAMES DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr O J Palmer

Mrs T Palmer

REGISTERED OFFICE:

18 Park Road

Hartwell

Northampton

NN7 2HP

REGISTERED NUMBER:

11254067 (England and Wales)

ACCOUNTANTS:

Thompson Balch Limited

Chartered Accountants

Sovereign House

15 Towcester Road

Old Stratford

Milton Keynes

MK19 6AN

FIXED ASSETS

Intangible assets

4

1,742

1,973

Tangible assets

5

25,094

31,367

26,836

33,340

CURRENT ASSETS

Debtors

6

65,308

31,363

Cash at bank

41,751

4,010

107,059

35,373

CREDITORS

Amounts falling due within one year

7

217,224

145,240

NET CURRENT LIABILITIES

(110,165

)

(109,867

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(83,329

)

(76,527

)

CREDITORS

Amounts falling due after more than one year

8

2,110

5,210

NET LIABILITIES

(85,439

)

(81,737

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(85,441

)

(81,739

)

(85,439

)

(81,737

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr O J Palmer - Director

1.	STATUTORY INFORMATION

Owen James 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

These accounts have been prepared on a going concern basis on the basis of the continued support of the Directors

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

2,305

AMORTISATION

At 1 April 2024

332

Charge for year

231

At 31 March 2025

563

NET BOOK VALUE

At 31 March 2025

1,742

At 31 March 2024

1,973

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

21,355

30,990

583

52,928

DEPRECIATION

At 1 April 2024

10,288

11,156

117

21,561

Charge for year

2,213

3,967

93

6,273

At 31 March 2025

12,501

15,123

210

27,834

NET BOOK VALUE

At 31 March 2025

8,854

15,867

373

25,094

At 31 March 2024

11,067

19,834

466

31,367

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

17,886

26,935

Other debtors

47,422

4,428

65,308

31,363

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,100

3,023

Trade creditors

24,403

38,171

Taxation and social security

3,157

7,506

Other creditors

186,564

96,540

217,224

145,240

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,110

5,210