SDJW Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02839599 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019

FOR

SDJW LIMITED

T/A

HARCOURT INVESTMENTS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M A Wilson

S D Wilson

SECRETARY:

S D Wilson

REGISTERED OFFICE:

Ruskin House

Harcourt Hill

Oxford

Oxfordshire

OX2 9AS

REGISTERED NUMBER:

02839599 (England and Wales)

ACCOUNTANTS:

Astral Accountancy Services Limited

Astral House

Granville Way

Bicester

Oxfordshire

OX26 4JT

FIXED ASSETS

Tangible assets

4

-

294

CURRENT ASSETS

Stocks

5

263,388

1,955,116

Debtors

6

2,511

2,652

Cash at bank

3,379,933

566,179

3,645,832

2,523,947

CREDITORS

Amounts falling due within one year

7

548,191

1,771,195

NET CURRENT ASSETS

3,097,641

752,752

TOTAL ASSETS LESS CURRENT LIABILITIES

3,097,641

753,046

CAPITAL AND RESERVES

Called up share capital

8

132,600

132,600

Retained earnings

2,965,041

620,446

SHAREHOLDERS' FUNDS

3,097,641

753,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 on 24 September 2019 and were signed on its behalf by:

S D Wilson - Director

1.	STATUTORY INFORMATION

SDJW 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.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires

management to exercise its judgement in the process of applying accounting policies. The areas involving a higher

degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial

statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors,

including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Revenue is recognised for the provision of services is recognised when it is probable that an economic benefit will

flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised

when the stage of completion can be reliably measured.

Tangible fixed assets

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

Plant & Machinery

-

25% on reducing balance

Fixtures & Fittings

-

25% on reducing balance

Stocks - trading properties and developments

These assets are included in the financial statements at the lower of cost and net realisable value. Costs for this

purpose comprises the purchase cost of land and buildings, development expenditures and attributable overheads.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant &

Fixtures

Machinery

& Fittings

Totals

£

£

£

COST

At 1 July 2018

500

7,843

8,343

Disposals

(500

)

(7,843

)

(8,343

)

At 30 June 2019

-

-

-

DEPRECIATION

At 1 July 2018

451

7,598

8,049

Eliminated on disposal

(451

)

(7,598

)

(8,049

)

At 30 June 2019

-

-

-

NET BOOK VALUE

At 30 June 2019

-

-

-

At 30 June 2018

49

245

294

5.

STOCKS

2019

2018

£

£

Trading Properties &

Developments

263,388

1,955,116

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Prepayments & Accrued Income

2,511

2,652

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade Creditors

598

1,534

Taxation

531,535

-

Other Creditors

9,595

838,197

Directors Current Account

1,007

868,464

Creditors & Accruals

5,456

63,000

548,191

1,771,195

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

132,600

Ordinary

£1

132,600

132,600