S & J Developments Limited - Accounts to registrar (filleted) - small 18.2

S & J Developments Limited - Accounts to registrar (filleted) - small 18.2

S & J DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 11621293 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

14 OCTOBER 2018 TO 31 OCTOBER 2019

FOR

S & J DEVELOPMENTS LIMITED
S & J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11621293)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 OCTOBER 2018 TO 31 OCTOBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & J DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 14 OCTOBER 2018 TO 31 OCTOBER 2019







DIRECTORS: J Evans
Mrs J L Evans
S N Woodman
Mrs L M Woodman





SECRETARY:





REGISTERED OFFICE: The Coach House
Stockwood Vale
Keynsham
Bristol
BS31 2AL





REGISTERED NUMBER: 11621293 (England and Wales)





ACCOUNTANTS: Keller & Co
367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ
Page 1
S & J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11621293)

BALANCE SHEET
31 OCTOBER 2019

Notes £   
FIXED ASSETS
Tangible assets 4 10,676
Investment property 5 892,033
902,709

CURRENT ASSETS
Stocks 54,549
Cash at bank 161
54,710
CREDITORS
Amounts falling due within one year 6 (951,838 )
NET CURRENT LIABILITIES (897,128 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,581

RESERVES
Retained earnings 5,581
5,581

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 notes form part of these financial statements

Page 2 continued...
S & J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11621293)

BALANCE SHEET - continued
31 OCTOBER 2019


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 and authorised for issue on 13 October 2020 and were signed on its behalf by:




J Evans - Director



S N Woodman - Director


The notes form part of these financial statements

Page 3
S & J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11621293)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 OCTOBER 2018 TO 31 OCTOBER 2019

1. STATUTORY INFORMATION

S & J 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Page 4 continued...
S & J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11621293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 OCTOBER 2018 TO 31 OCTOBER 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 165 14,069 14,234
At 31 October 2019 165 14,069 14,234
DEPRECIATION
Charge for period 41 3,517 3,558
At 31 October 2019 41 3,517 3,558
NET BOOK VALUE
At 31 October 2019 124 10,552 10,676

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 892,033
At 31 October 2019 892,033
NET BOOK VALUE
At 31 October 2019 892,033

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 834
Other creditors 951,004
951,838

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owes the directors Mr and Mrs Evans £466,997 and Mr and Mrs Woodman £480,264 and this is included in other creditors above.

Page 5