Javlin Homes Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04444135 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

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

25,652

2,438

CURRENT ASSETS

Stocks

1,041,441

384,472

Debtors

5

2,948

8,806

Cash at bank

4,791

12,596

1,049,180

405,874

CREDITORS

Amounts falling due within one year

6

1,004,051

341,644

NET CURRENT ASSETS

45,129

64,230

TOTAL ASSETS LESS CURRENT LIABILITIES

70,781

66,668

CREDITORS

Amounts falling due after more than one year

7

(36,425

)

(45,833

)

PROVISIONS FOR LIABILITIES

(5,337

)

(463

)

NET ASSETS

29,019

20,372

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

29,017

20,370

SHAREHOLDERS' FUNDS

29,019

20,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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 22 March 2023 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.

Plant and machinery

-

25% on cost

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 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2021

-

4,625

54,589

3,251

62,465

Additions

29,577

-

-

2,458

32,035

Disposals

-

-

(54,589

)

-

(54,589

)

At 31 May 2022

29,577

4,625

-

5,709

39,911

DEPRECIATION

At 1 June 2021

-

4,625

54,589

813

60,027

Charge for year

7,394

-

-

1,427

8,821

Eliminated on disposal

-

-

(54,589

)

-

(54,589

)

At 31 May 2022

7,394

4,625

-

2,240

14,259

NET BOOK VALUE

At 31 May 2022

22,183

-

-

3,469

25,652

At 31 May 2021

-

-

-

2,438

2,438

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Other debtors

2,948

8,806

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans and overdrafts

10,000

4,167

Trade creditors

38

-

Amounts owed to group undertakings

878,281

284,000

Taxation and social security

39,010

18,472

Other creditors

76,722

35,005

1,004,051

341,644

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans

36,425

45,833

8.	CONTINGENT LIABILITIES

There were no contingent liabilities at the balance sheet date or at 31 May 2021.

9.	RELATED PARTY DISCLOSURES

At the year end £878,281 (2021 : £284,000) is due to Javlin Estates Ltd, a related party.

10.	ULTIMATE CONTROLLING PARTY

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