| Jenson Developments (South Wales) Limited |
| Registered number: |
07814673 |
| Balance Sheet |
| as at 31 October 2020 |
|
| Notes |
|
|
2020 |
|
|
2019 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
80,169 |
|
|
168,896 |
| Debtors |
3 |
|
1,619,323 |
|
|
615,332 |
| Cash at bank and in hand |
|
|
113,463 |
|
|
502,551 |
|
|
|
1,812,955 |
|
|
1,286,779 |
|
| Creditors: amounts falling due within one year |
4 |
|
(458,284) |
|
|
(55,238) |
|
| Net current assets |
|
|
|
1,354,671 |
|
|
1,231,541 |
|
| Net assets |
|
|
|
1,354,671 |
|
|
1,231,541 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
1,354,571 |
|
|
1,231,441 |
|
| Shareholders' funds |
|
|
|
1,354,671 |
|
|
1,231,541 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr M R Lewis |
| Director |
| Approved by the board on 21 July 2021 |
|
| Jenson Developments (South Wales) Limited |
| Notes to the Accounts |
| for the year ended 31 October 2020 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of residential properties and is included when the contracts are exchanged |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price). Loans and other financial assets are recognised at transaction price. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
| 2 |
Employees |
2020 |
|
2019 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2020 |
|
2019 |
| £ |
£ |
|
|
Trade debtors |
37,787 |
|
615,332 |
|
Other debtors |
1,581,536 |
|
- |
|
|
|
|
|
|
1,619,323 |
|
615,332 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
24,193 |
|
Trade creditors |
429,402 |
|
10,891 |
|
Taxation and social security costs |
28,882 |
|
20,154 |
|
|
|
|
|
|
458,284 |
|
55,238 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Jenson Developments (South Wales) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
74 Wyndham Crescent |
|
Cardiff |
|
Wales |
|
CF11 9EF |
