Javlin Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04444135 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

FOR

JAVLIN HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

N A Jarvis

L A Jarvis

SECRETARY:

White House Secretaries Limited

REGISTERED OFFICE:

1 High Street

Thatcham

Berks

RG19 3JG

REGISTERED NUMBER:

04444135 (England and Wales)

ACCOUNTANTS:

C B Heslop And Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Tangible assets

4

8,610

12,310

CURRENT ASSETS

Stocks

1,793,284

-

Debtors

5

100,018

60,443

Cash at bank

4,390

28,947

1,897,692

89,390

CREDITORS

Amounts falling due within one year

6

1,878,275

38,573

NET CURRENT ASSETS

19,417

50,817

TOTAL ASSETS LESS CURRENT LIABILITIES

28,027

63,127

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

28,025

63,125

SHAREHOLDERS' FUNDS

28,027

63,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 14 February 2020 and were signed on its behalf by:

N A Jarvis - Director

1.	STATUTORY INFORMATION

Javlin Homes 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.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 June 2018

and 31 May 2019

4,625

54,589

59,214

DEPRECIATION

At 1 June 2018

4,625

42,279

46,904

Charge for year

-

3,700

3,700

At 31 May 2019

4,625

45,979

50,604

NET BOOK VALUE

At 31 May 2019

-

8,610

8,610

At 31 May 2018

-

12,310

12,310

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Other debtors

100,018

60,443

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Bank loans and overdrafts

1,078,255

-

Trade creditors

-

(1

)

Taxation and social security

-

35,611

Other creditors

800,020

2,963

1,878,275

38,573

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2019 and

31 May 2018:

31.5.19

31.5.18

£

£

N A Jarvis

Balance outstanding at start of year

60,543

63,322

Amounts advanced

115,449

-

Amounts repaid

(81,955

)

(2,779

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

94,037

60,543

The overdrawn director loan will be repaid within 9 months

8.	ULTIMATE CONTROLLING PARTY

100% of the issued share capital is beneficially owned by Mr & Mrs N Jarvis.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Javlin Homes Limited for the year ended 31 May 2019 which comprise the Income Statement,

Balance Sheet and the 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Javlin Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Javlin Homes Limited and state those matters that we have agreed to state to the Board of Directors of Javlin Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Javlin Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Javlin Homes 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 loss of Javlin Homes Limited. You consider that Javlin Homes 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 Javlin Homes 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.

C B Heslop And Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

14 February 2020