JKG Developments (SW) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

JKG Developments (SW) Limited

Balance Sheet

30 April 2025

	Note	2025 £
Fixed assets
Investment property	4	995,968
Current assets
Debtors	5	300,000
Cash at bank and in hand		50,000
		350,000
Creditors: Amounts falling due within one year	6	(1,346,867)
Net current liabilities		(996,867)
Net liabilities		(899)
Capital and reserves
Called up share capital	7	1
Profit and loss account		(900)
Shareholders' deficit		(899)

JKG Developments (SW) Limited

Balance Sheet

30 April 2025

For the financial period ending 30 April 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 period in question in accordance with section 476; and
•	The director acknowledges their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 14 January 2026
 

......................................... Mr J K Gregory Director

Company Registration Number: 15651448

JKG Developments (SW) Limited

Notes to the Unaudited Financial Statements

Period from 16 April 2024 to 30 April 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:
Reeds
The Retreat Drive
Topsham
Exeter
Devon
EX3 0LS
England

These financial statements were authorised for issue by the director on 14 January 2026.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 director is satisfied that the company has adequate resources available to discharge its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements. The company therefore adopts the going concern basis in preparing its financial statements.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

JKG Developments (SW) Limited

Notes to the Unaudited Financial Statements

Period from 16 April 2024 to 30 April 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

4	Investment properties

	2025 £
Additions	995,968
At 30 April	995,968

There has been no valuation of investment property by an independent valuer.

5

Debtors

	2025 £
Other debtors	300,000
	300,000

JKG Developments (SW) Limited

Notes to the Unaudited Financial Statements

Period from 16 April 2024 to 30 April 2025

6

Creditors

	2025 £
Due within one year
Trade creditors	18,300
Accruals and deferred income	900
Other creditors	1,327,667
	1,346,867

Other creditors represent amounts payable to the director. No interest is charged on this balance.

7	Share capital

Allotted, called up and fully paid shares

	2025
	No.	£
Ordinary shares of £1 each	1	1