J.W. Developers Limited - Period Ending 2020-03-31

J.W. Developers Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3

J.W. Developers Limited

Company Information

Director

J I Wells

Company secretary

A J Wells

Registered office

Byways Flexford Road Normandy Guildford Surrey GU3 2EE

Accountants

Roffe Swayne Ashcombe Court Woolsack Way Godalming Surrey GU7 1LQ

J.W. Developers Limited

(Registration number: 05377990)
Balance Sheet as at 31 March 2020

	2020 £	2019 £
Fixed assets	2,658,579	2,680,715
Current assets	23,496	39,489
Prepayments and accrued income	2,166	2,072
Creditors: Amounts falling due within one year	(26,787)	(33,123)
Net current (liabilities)/assets	(1,125)	8,438
Total assets less current liabilities	2,657,454	2,689,153
Creditors: Amounts falling due after more than one year	(2,554,290)	(2,625,151)
Accruals and deferred income	(13,399)	(2,052)
	89,765	61,950
Capital and reserves	89,765	61,950

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 March 2020 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 year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 20 November 2020
 

J I Wells
Director

J.W. Developers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

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:
Byways Flexford Road
Normandy
Guildford
Surrey
GU3 2EE

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Going concern

We have paid particular attention to the likely effects on the business of the current Covid-19 outbreak and the directors remain confident that sufficient funding is in place and that the company has adequate resources to enable the company to continue as a going concern for the foreseeable future.

Investment properties

Investment properties are shown at cost less impairment.

Investment properties are not depreciated which is not in accordance with either the Financial Reporting Standard 105 Section 1A or the requirements of the Companies Act 2006 which state that all assets should be depreciated over their economic life,

The director considers that this departure from the requirement of the standard and the Companies Act 2006 is required in order to give a true and fair view.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2019 - 1).