Just Houses Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03644390 (England and Wales)

JUST HOUSES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J B Howe

J L Howe

L R Banks

P R Jacobson

SECRETARY:

J B Howe

REGISTERED OFFICE:

Co-operative Chambers

4 Manor House Street

Pudsey

Leeds

West Yorkshire

LS28 7BJ

REGISTERED NUMBER:

03644390 (England and Wales)

ACCOUNTANTS:

BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

BANKERS:

Barclays Bank plc

10 Market Street

Bradford

West Yorkshire

BD1 1XW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,254

9,917

11,254

9,917

CURRENT ASSETS

Debtors

6

287,666

214,067

Cash at bank and in hand

219,716

196,316

507,382

410,383

CREDITORS

Amounts falling due within one year

7

227,916

199,341

NET CURRENT ASSETS

279,466

211,042

TOTAL ASSETS LESS CURRENT LIABILITIES

290,720

220,959

CREDITORS

Amounts falling due after more than one year

8

(63,536

)

(84,848

)

PROVISIONS FOR LIABILITIES

(2,544

)

(1,635

)

NET ASSETS

224,640

134,476

CAPITAL AND RESERVES

Called up share capital

65

100

Share premium

42,984

42,984

Capital redemption reserve

72

37

Retained earnings

181,519

91,355

SHAREHOLDERS' FUNDS

224,640

134,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 11 October 2022 and were signed on its behalf by:

J B Howe - Director

1.	STATUTORY INFORMATION

Just Houses 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.

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

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

Revenue represents the fair value of consideration receivable in respect of professional services provided during the year where the right to consideration has been obtained through performance.

Invoices raised but unpaid at the balance sheet date are shown in 'Trade debtors'. Provision has been made for amounts considered to be irrecoverable.

Work on hand at the balance sheet date is included in 'Accrued income' at selling price, being the value of the right to consideration in respect of that work based on its stage of completion.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Government grants

The company has received grants in respect of coronavirus support. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except those financial assets classified at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2021

and 30 April 2022

798,500

AMORTISATION

At 1 May 2021

and 30 April 2022

798,500

NET BOOK VALUE

At 30 April 2022

-

At 30 April 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

22,097

Additions

4,859

Disposals

(638

)

At 30 April 2022

26,318

DEPRECIATION

At 1 May 2021

12,180

Charge for year

3,445

Eliminated on disposal

(561

)

At 30 April 2022

15,064

NET BOOK VALUE

At 30 April 2022

11,254

At 30 April 2021

9,917

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

55,229

28,851

Other debtors

232,437

185,216

287,666

214,067

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

20,063

32,560

Trade creditors

-

96

Taxation and social security

137,688

126,659

Other creditors

70,165

40,026

227,916

199,341

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

63,536

84,848

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

12,121

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2022

2021

£

£

Within one year

43,490

42,520

Between one and five years

23,730

64,311

67,220

106,831

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2022 and 30 April 2021:

2022

2021

£

£

J B Howe

Balance outstanding at start of year

6,066

13,437

Amounts advanced

122,609

106,439

Amounts repaid

(128,675

)

(113,810

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

6,066

J J Atkinson

Balance outstanding at start of year

3,920

9,119

Amounts advanced

-

86,430

Amounts repaid

(3,920

)

(91,629

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,920

J L Howe

Balance outstanding at start of year

41,227

-

Amounts advanced

78,435

81,340

Amounts repaid

(78,435

)

(40,113

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

41,227

41,227