Johnson Massey Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11964443 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Johnson Massey Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Q Massey

T N Johnson

SECRETARY:

C Q Massey

REGISTERED OFFICE:

The Guard Post, Roebuck Barracks

Green Lane

Acaster Malbis

York

North Yorkshire

YO23 2TW

REGISTERED NUMBER:

11964443 (England and Wales)

ACCOUNTANTS:

Hardcastle France

Chartered Accountants

30 Yorkersgate

Malton

North Yorkshire

YO17 7AW

FIXED ASSETS

Tangible assets

4

154,296

130,426

CURRENT ASSETS

Stocks

2,837,139

3,110,236

Debtors

5

42,832

62,620

Cash at bank and in hand

13,387

245

2,893,358

3,173,101

CREDITORS

Amounts falling due within one year

6

782,576

725,479

NET CURRENT ASSETS

2,110,782

2,447,622

TOTAL ASSETS LESS CURRENT LIABILITIES

2,265,078

2,578,048

CREDITORS

Amounts falling due after more than one
year

7

2,150,000

2,500,000

NET ASSETS

115,078

78,048

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

114,978

77,948

SHAREHOLDERS' FUNDS

115,078

78,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

T N Johnson - Director

1.	STATUTORY INFORMATION

Johnson Massey 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.

Turnover

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

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

10% on reducing balance

No depreciation has been provided on land and buildings. The directors believe that the value of depreciation chargeable would not be material because the property has a long economic life. The company has a policy of regular maintenance and repair, which is charged to the profit and loss account, such that the previous standard of performance is maintained.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, loan interest and charges, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 May 2024

82,500

65,283

147,783

Additions

-

31,848

At 30 April 2025

82,500

97,131

179,631

DEPRECIATION

At 1 May 2024

-

17,357

Charge for year

-

7,978

At 30 April 2025

-

25,335

NET BOOK VALUE

At 30 April 2025

82,500

71,796

154,296

At 30 April 2024

82,500

47,926

130,426

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

35,150

60,150

Other debtors

7,682

2,470

42,832

62,620

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

13,024

21,928

Taxation and social security

8,003

4,545

Other creditors

761,549

699,006

782,576

725,479

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Other creditors

2,150,000

2,500,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Mortgage - M Brittain (York) Ltd

1,650,000

2,000,000

Loans of £1,650,000 (2024: £2,000,000) have been secured by a legal charge and debenture over the cost of the land and buildings and over the property and undertakings of the company at the year end.

The directors have also provided personal guarantees.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

10.	RELATED PARTY DISCLOSURES

An amount of £344,076 (2024: £354,176) was owing to a company owned by a director of Johnson Massey Developments Limited at the year end. This account was not overdrawn at any point in the year. Interest is paid by the company at a commercial rate on money introduced, and has been accrued at the year end.

During the year, a property constructed by the company was sold to a director of the company for £530,000. This was the Market Value of the property at the time of sale.