JBW (Halesowen) Limited - Accounts to registrar (filleted) - small 18.2

JBW (Halesowen) Limited - Accounts to registrar (filleted) - small 18.2

JBW (HALESOWEN) LIMITED - Company Information

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REGISTERED NUMBER: 11219912 (England and Wales)















JBW (HALESOWEN) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021





Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU








JBW (HALESOWEN) LIMITED (REGISTERED NUMBER: 11219912)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


JBW (HALESOWEN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2021







DIRECTORS: Mr A.W. Bullingham
Mr A.D. Windsor





REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU





REGISTERED NUMBER: 11219912 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JBW (HALESOWEN) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JBW (Halesowen) Limited for the year ended 31 July 2021 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of JBW (Halesowen) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JBW (Halesowen) Limited and state those matters that we have agreed to state to the Board of Directors of JBW (Halesowen) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JBW (Halesowen) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that JBW (Halesowen) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JBW (Halesowen) Limited. You consider that JBW (Halesowen) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JBW (Halesowen) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


20 December 2021

This page does not form part of the statutory financial statements

Page 2
JBW (HALESOWEN) LIMITED (REGISTERED NUMBER: 11219912)

STATEMENT OF FINANCIAL POSITION
31 JULY 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 382,252 -
Investments 5 200 200
Investment property 6 401,658 401,658
784,110 401,858

CURRENT ASSETS
Debtors 7 1,672 1,772
Cash at bank 14,425 207,629
16,097 209,401
CREDITORS
Amounts falling due within one year 8 303,024 431,660
NET CURRENT LIABILITIES (286,927 ) (222,259 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
497,183
179,599

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 496,883 179,299
SHAREHOLDERS' FUNDS 497,183 179,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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 3 continued...
JBW (HALESOWEN) LIMITED (REGISTERED NUMBER: 11219912)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2021


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 20 December 2021 and were signed on its behalf by:





Mr A.D. Windsor - Director


The notes form part of these financial statements

Page 4
JBW (HALESOWEN) LIMITED (REGISTERED NUMBER: 11219912)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021


1. STATUTORY INFORMATION

JBW (Halesowen) 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2020 - NIL ) .

Page 5 continued...
JBW (HALESOWEN) LIMITED (REGISTERED NUMBER: 11219912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2021


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 382,252
At 31 July 2021 382,252
NET BOOK VALUE
At 31 July 2021 382,252

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2020
and 31 July 2021 200
NET BOOK VALUE
At 31 July 2021 200
At 31 July 2020 200

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2020
and 31 July 2021 401,658
NET BOOK VALUE
At 31 July 2021 401,658
At 31 July 2020 401,658

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 1,672 1,772

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed to group undertakings 293,034 193,358
Taxation and social security 2,022 2,529
Other creditors 7,968 235,773
303,024 431,660

Page 6 continued...
JBW (HALESOWEN) LIMITED (REGISTERED NUMBER: 11219912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2021


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2021 and 31 July 2020:

2021 2020
£    £   
Mr A.W. Bullingham
Balance outstanding at start of year 50 150
Amounts advanced 100,000 -
Amounts repaid (100,050 ) (100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 50

Mr A.D. Windsor
Balance outstanding at start of year 50 150
Amounts advanced 100,000 -
Amounts repaid (100,050 ) (100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 50

Page 7