J B J Holdings Limited 05/04/2019 iXBRL

J B J Holdings Limited 05/04/2019 iXBRL

J B J HOLDINGS LIMITED - Company Information

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Company registration number: 01229568
J B J Holdings Limited
Unaudited filleted financial statements
05 April 2019
J B J Holdings Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
J B J Holdings Limited
Directors and other information
Director Mr B C Thomson
Company number 01229568
Registered office Hedingham Road
Wethersfield
Essex
CM7 4EQ
Business address The Old Mushroom Farm
Hedingham Road
Wethersfield
Essex
CM7 4EQ
Accountants Dilloways
Weavers Business Centre
6 Hamlet Road
Haverhill
Suffolk
CB9 8EE
J B J Holdings Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of J B J Holdings Limited
Year ended 5 April 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J B J Holdings Limited for the year ended 5 April 2019 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.
This report is made solely to the director of J B J Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of J B J Holdings Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J B J Holdings Limited and its director as a body for our work or for this report.
It is your duty to ensure that J B J Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J B J Holdings Limited. You consider that J B J Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of J B J Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Dilloways
Chartered Accountants
Weavers Business Centre
6 Hamlet Road
Haverhill
Suffolk
CB9 8EE
23 December 2019
J B J Holdings Limited
Statement of financial position
5 April 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 4 120,738 124,327
Investments 5 340,001 265,001
_______ _______
460,739 389,328
Current assets
Debtors 6 188 3,053
Cash at bank and in hand 613,113 745,598
_______ _______
613,301 748,651
Creditors: amounts falling due
within one year 7 ( 9,914) ( 9,554)
_______ _______
Net current assets 603,387 739,097
_______ _______
Total assets less current liabilities 1,064,126 1,128,425
_______ _______
Net assets 1,064,126 1,128,425
_______ _______
Capital and reserves
Called up share capital 5,000 5,000
Profit and loss account 1,059,126 1,123,425
_______ _______
Shareholders funds 1,064,126 1,128,425
_______ _______
For the year ending 05 April 2019 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 financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 December 2019 , and are signed on behalf of the board by:
Mr B C Thomson
Director
Company registration number: 01229568
J B J Holdings Limited
Notes to the financial statements
Year ended 5 April 2019
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Mushroom Farm, Hedingham Road, Wethersfield, Essex, CM7 4EQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the amount of current tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - 2 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Tangible assets
Freehold property Total
£ £
Cost
At 6 April 2018 and 5 April 2019 192,518 192,518
_______ _______
Depreciation
At 6 April 2018 68,191 68,191
Charge for the year 3,589 3,589
_______ _______
At 5 April 2019 71,780 71,780
_______ _______
Carrying amount
At 5 April 2019 120,738 120,738
_______ _______
At 5 April 2018 124,327 124,327
_______ _______
5. Investments
Shares in group undertakings and participating interests Loans to group undertakings and participating interests Total
£ £ £
Cost
At 6 April 2018 1 265,000 265,001
Disposals - 75,000 75,000
_______ _______ _______
At 5 April 2019 1 340,000 340,001
_______ _______ _______
Impairment
At 6 April 2018 and 5 April 2019 - - -
_______ _______ _______
Carrying amount
At 5 April 2019 1 340,000 340,001
_______ _______ _______
At 5 April 2018 1 265,000 265,001
_______ _______ _______
6. Debtors
2019 2018
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 188 3,053
_______ _______
7. Creditors: amounts falling due within one year
2019 2018
£ £
Corporation tax 9,803 9,453
Other creditors 111 101
_______ _______
9,914 9,554
_______ _______
8. Controlling party
The company is controlled by B C Thomson.