JBPG Developments Ltd - Accounts to registrar (filleted) - small 18.2

JBPG Developments Ltd - Accounts to registrar (filleted) - small 18.2

JBPG DEVELOPMENTS LTD - Company Information

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REGISTERED NUMBER: 08236480 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2020

for

JBPG Developments Ltd
JBPG Developments Ltd (Registered number: 08236480)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JBPG Developments Ltd

Company Information
for the Year Ended 31 March 2020







DIRECTORS: R Clark
T Sheppard
J R Clark
J N Clark





SECRETARY: Ledger Sparks Ltd





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





BUSINESS ADDRESS: 6 Ashley Park Crescent
Walton on Thames
Surrey
KT12 1EX





REGISTERED NUMBER: 08236480 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ
Page 1
JBPG Developments Ltd (Registered number: 08236480)

Balance Sheet
31 March 2020

2020 2019
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,001,216 997,903
Investments 5 100 100
1,001,316 998,003

CURRENT ASSETS
Debtors 6 574 574
Cash at bank 11,713 21,943
12,287 22,517
CREDITORS
Amounts falling due within one year 7 (734,138 ) (739,766 )
NET CURRENT LIABILITIES (721,851 ) (717,249 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
279,465
280,754

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 279,365 280,654
279,465 280,754

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 notes form part of these financial statements

Page 2 continued...
JBPG Developments Ltd (Registered number: 08236480)

Balance Sheet - continued
31 March 2020


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2021 and were signed on its behalf by:





J R Clark - Director


The notes form part of these financial statements

Page 3
JBPG Developments Ltd (Registered number: 08236480)

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

1. STATUTORY INFORMATION

JBPG Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company continued to be that of property development.

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 represents amounts receivable for goods and services net of VAT and trade discounts.

FINANCIAL INSTRUMENTS
The company only enters into basic financial instrument transactions that results in the recognition of financial asset and liability such as trade and other debtors and creditors, loan from bank and other third parties, loan to related parties and investments in non puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT YEAR
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

GOING CONCERN
At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

PROVISION FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of income and retained earning in the year that the company becomes aware of the obligation, and are measured at the best estimates at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

Page 4 continued...
JBPG Developments Ltd (Registered number: 08236480)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2019 997,903
Additions 3,313
At 31 March 2020 1,001,216
NET BOOK VALUE
At 31 March 2020 1,001,216
At 31 March 2019 997,903

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2019
and 31 March 2020 100
NET BOOK VALUE
At 31 March 2020 100
At 31 March 2019 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Corporation tax recoverable 574 574

The directors consider the carrying value of trade and other receivables approximate to their fair value.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Corporation tax - 2,551
Loan from subsidiary 687,145 674,312
Directors' current accounts 43,863 61,363
Accruals and deferred income 3,130 1,540
734,138 739,766

The directors consider the carrying amounts of current liabilities approximate to their fair values.

8. RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors £43,863 (2019 - £61,363) are the amount payable to the directors of the company.

At the balance sheet date, are amounts payable to subsidiary company - JBPG Limited of £687,145 (2019 - £674,312).

Page 5 continued...
JBPG Developments Ltd (Registered number: 08236480)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

9. POST BALANCE SHEET EVENTS

Since the year end, the Coronavirus (COVID-19) has emerged globally resulting in a significant impact on businesses worldwide. As a result some business operations have been restricted, however the company continues to operate using alternative methods and remote working. The directors are unable to evaluate the overall financial impact on the business at present. Hence financial statements do not include any adjustments that might result from the outcome of this uncertainty. The directors are continuing to monitor, assess and act to the current changing environment in order to position the company to ensure its future success.

Page 6