J & G Development Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04706171 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

J & G DEVELOPMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Johnson

P Goodlace

SECRETARY:

Mrs L Johnson

REGISTERED OFFICE:

2 Crown Road

St Margarets

Twickenham

Middlesex

TW1 3EE

REGISTERED NUMBER:

04706171 (England and Wales)

ACCOUNTANTS:

John A Hyde & Co

Hyde House

19 Station Road

Addlestone

Surrey

KT15 2AL

FIXED ASSETS

Tangible assets

4

452

905

Investments

5

11,849

11,849

12,301

12,754

CURRENT ASSETS

Stocks

735,268

735,268

Debtors

6

1,247

994

Cash at bank

13,479

15,552

749,994

751,814

CREDITORS

Amounts falling due within one year

7

456,216

465,843

NET CURRENT ASSETS

293,778

285,971

TOTAL ASSETS LESS CURRENT LIABILITIES

306,079

298,725

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

306,077

298,723

SHAREHOLDERS' FUNDS

306,079

298,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 22 December 2020 and were signed on its behalf by:

P Goodlace - Director

J Johnson - Director

1.	STATUTORY INFORMATION

J & G Development 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.

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 etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct property expenditure.

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 (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

1,810

DEPRECIATION

At 1 April 2019

905

Charge for year

453

At 31 March 2020

1,358

NET BOOK VALUE

At 31 March 2020

452

At 31 March 2019

905

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2019

and 31 March 2020

11,849

NET BOOK VALUE

At 31 March 2020

11,849

At 31 March 2019

11,849

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

221

(11

)

Other debtors

1,026

1,005

1,247

994

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

153

(6,944

)

Taxation and social security

1,831

2,004

Other creditors

454,232

470,783

456,216

465,843

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.20

31.3.19

£

£

Loans

446,500

458,283

The loans are secured on the properties to which they relate.