Junction 33 Development (Holdings) Limit - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05494596 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

JUNCTION 33 DEVELOPMENT (HOLDINGS)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Grangewood Enterprises Limited

J N Gillott

SECRETARY:

Mrs L Marsden

REGISTERED OFFICE:

Watson House

54 Baker Street

London

W1U 7BU

REGISTERED NUMBER:

05494596 (England and Wales)

ACCOUNTANTS:

React Business Services

City Pavilion, 27 Bush Lane

London

EC4R 0AA

FIXED ASSETS

Investments

4

1

1

CURRENT ASSETS

Stocks

1,717,177

1,716,873

Debtors

5

5,080

210

Cash at bank

3,391

3,495

1,725,648

1,720,578

CREDITORS

Amounts falling due within one year

6

1,732,317

1,726,242

NET CURRENT LIABILITIES

(6,669

)

(5,664

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,668

)

(5,663

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(6,768

)

(5,763

)

SHAREHOLDERS' FUNDS

(6,668

)

(5,663

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 25 June 2021 and were signed on its behalf by:

Grangewood Enterprises Limited - Director

1.	STATUTORY INFORMATION

Junction 33 Development (Holdings) 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.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

Going concern

The company is dependent upon the support of its creditors. The directors expect this support to continue for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2019

and 30 September 2020

1

NET BOOK VALUE

At 30 September 2020

1

At 30 September 2019

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Other debtors

5,080

210

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade creditors

3,100

1,501

Amounts owed to group undertakings

11,048

11,398

Other creditors

1,718,169

1,713,343

1,732,317

1,726,242

7.	RELATED PARTY DISCLOSURES

Included in creditors falling due within one year is an amount of £3,548 (2019:£3,898) owed to the subsidiary company, Junction 33 Developments Limited.

Included in creditors falling due within one year is an amount of £862,391 (2019:£857,565) owed to Grangewood Enterprises Limited, a corporate director and shareholder.

Included in creditors falling due within one year is an amount of £854,569 (2019:£854,569) owed to J F Finnegan Limited, a shareholder.

Included in creditors falling due within one year is an amount of £7,500 (2019:£7,500) owed to 722 Limited, a company in which Grangewood Enterprises Limited is a corporate director and J F Finnegan is a shareholder.

The loans are repayable on demand and are interest free.