JD Investments (Bolton) Limited - Period Ending 2021-09-30
JD Investments (Bolton) Limited - Period Ending 2021-09-30
Registration number:
JD Investments (Bolton) Limited
for the Year Ended 30 September 2021
JD Investments (Bolton) Limited
Contents
Statement of Financial Position |
|
Notes to the Financial Statements |
JD Investments (Bolton) Limited
(Registration number: 07710554)
Statement of Financial Position as at 30 September 2021
Note |
2021 |
2020 |
|
Fixed assets |
|||
Investment property |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Non-distributable reserve |
|
|
|
Profit and loss account |
|
|
|
Total equity |
|
|
JD Investments (Bolton) Limited
(Registration number: 07710554)
Statement of Financial Position as at 30 September 2021
For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.
Approved and authorised by the
.........................................
Director
.........................................
Director
JD Investments (Bolton) Limited
Notes to the Financial Statements for the Year Ended 30 September 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with FRS 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
JD Investments (Bolton) Limited
Notes to the Financial Statements for the Year Ended 30 September 2021
Investment property
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Income Statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment property |
2021 |
|
At 1 October 2019 and 30 September 2020 |
|
The investment property was valued on 30 December 2016 by Pinders. In the opinion of the directors, this valuation still equates to the open market value at the balance sheet date. The comparable historical cost of the investment property is £394,101.
JD Investments (Bolton) Limited
Notes to the Financial Statements for the Year Ended 30 September 2021
Debtors |
2021 |
2020 |
|
Other debtors |
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
2020 |
|
Due within one year |
|||
Loans and borrowings |
|
|
|
Taxation and social security |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
- |
|
|
|
|
Creditors: amounts falling due after more than one year
Note |
2021 |
2020 |
|
Due after one year |
|||
Loans and borrowings |
|
|
Loans and borrowings |
2021 |
2020 |
|
Non-current loans and borrowings |
||
Bank borrowings |
|
|
2021 |
2020 |
|
Current loans and borrowings |
||
Bank borrowings |
|
|
Bank loans are secured by The Royal Bank of Scotland by fixed and floating charges over all the company's assets and undertakings.
JD Investments (Bolton) Limited
Notes to the Financial Statements for the Year Ended 30 September 2021
Related party transactions |
2021 |
At 1 October 2020 |
Advances to directors |
At 30 September 2021 |
Advances to directors, repayable on demand |
- |
|
|
Summary of transactions with other related parties
The Owls Nursery Limited has provided a cross guarantee for a bank loan included within JD Investments (Bolton) Limited. The liability at the balance sheet date included within JD Investments (Bolton) Limited was £194,912 (2020 - £219,292).