Javlin Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04444135 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2021

FOR

JAVLIN HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Jarvis

L A Jarvis

SECRETARY:

White House Secretaries Limited

REGISTERED OFFICE:

1 High Street

Thatcham

Berks

RG19 3JG

REGISTERED NUMBER:

04444135 (England and Wales)

ACCOUNTANTS:

C B Heslop And Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Tangible assets

4

2,438

4,910

CURRENT ASSETS

Stocks

384,472

2,550,000

Debtors

5

8,806

1,109

Cash at bank

12,596

48,935

405,874

2,600,044

CREDITORS

Amounts falling due within one year

6

341,644

2,523,861

NET CURRENT ASSETS

64,230

76,183

TOTAL ASSETS LESS CURRENT LIABILITIES

66,668

81,093

CREDITORS

Amounts falling due after more than one year

7

(45,833

)

(50,000

)

PROVISIONS FOR LIABILITIES

(463

)

(826

)

NET ASSETS

20,372

30,267

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

20,370

30,265

SHAREHOLDERS' FUNDS

20,372

30,267

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 26 February 2022 and were signed on its behalf by:

N A Jarvis - Director

1.	STATUTORY INFORMATION

Javlin Homes 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2020

4,625

54,589

-

59,214

Additions

-

-

3,251

3,251

At 31 May 2021

4,625

54,589

3,251

62,465

DEPRECIATION

At 1 June 2020

4,625

49,679

-

54,304

Charge for year

-

4,910

813

5,723

At 31 May 2021

4,625

54,589

813

60,027

NET BOOK VALUE

At 31 May 2021

-

-

2,438

2,438

At 31 May 2020

-

4,910

-

4,910

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Other debtors

8,806

1,109

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Bank loans and overdrafts

4,167

1,602,807

Amounts owed to group undertakings

284,000

-

Taxation and social security

18,472

2,367

Other creditors

35,005

918,687

341,644

2,523,861

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.21

31.5.20

£

£

Bank loans

45,833

50,000

8.	CONTINGENT LIABILITIES

There were no contingent liabilities at the balance sheet date or at 31 May 2020.

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

100% of the issued share capital is beneficially owned by Mr & Mrs N Jarvis.