Joyner's Land and Properties Limited - Period Ending 2021-02-28

Joyner's Land and Properties Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Joyner's Land and Properties Limited

Balance Sheet

28 February 2021

	Note	2021 £
Fixed assets
Tangible assets	4	1,350,000
Current assets
Debtors	5	100
Creditors: Amounts falling due within one year	6	(1,350,500)
Net current liabilities		(1,350,400)
Net liabilities		(400)
Capital and reserves
Called up share capital	7	100
Profit and loss account		(500)
Shareholders' deficit		(400)

Joyner's Land and Properties Limited

Balance Sheet

28 February 2021

For the financial period ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 1 November 2021
 

......................................... Mr A Joyner Director

Company Registration Number: 12613805

Joyner's Land and Properties Limited

Notes to the Unaudited Financial Statements

Period from 20 May 2020 to 28 February 2021

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Forches Cross
Forches Cross Road
Newton Abbot
Devon
TQ12 6P2

These financial statements were authorised for issue by the director on 1 November 2021.

2	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 Financial Reporting Standard 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	Not Depreciated

Joyner's Land and Properties Limited

Notes to the Unaudited Financial Statements

Period from 20 May 2020 to 28 February 2021

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

Joyner's Land and Properties Limited

Notes to the Unaudited Financial Statements

Period from 20 May 2020 to 28 February 2021

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
Additions	1,350,000	1,350,000
At 28 February 2021	1,350,000	1,350,000
Depreciation
Carrying amount
At 28 February 2021	1,350,000	1,350,000

Included within the net book value of land and buildings above is £1,350,000 in respect of freehold land and buildings.
 

5

Debtors

	2021 £
Other debtors	100
	100

Joyner's Land and Properties Limited

Notes to the Unaudited Financial Statements

Period from 20 May 2020 to 28 February 2021

6

Creditors

Creditors: amounts falling due within one year

	Note	2021 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		150,000
Accruals and deferred income		500
Other creditors		1,200,000
		1,350,500

7	Share capital

Allotted, called up and fully paid shares

	2021
	No.	£
Ordinary shares of £1 each	100	100

8	Parent and ultimate parent undertaking

The company's immediate parent is Joyner Holdings Limited, incorporated in England.

 The most senior parent entity producing publicly available financial statements is Joyner Holdings Limited. These financial statements are available upon request from Companies House