JVD Group Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09904068

Unaudited Financial Statements for the Year Ended 31 March 2022

for

JVD Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M S Dhariwal

Mrs V K Dhariwal

REGISTERED OFFICE:

Walnut Tree House

Court Lane

Burnham

Slough

Buckinghamshire

SL1 8DN

REGISTERED NUMBER:

09904068

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Investment property

4

484,371

CURRENT ASSETS

Debtors

5

435

Cash at bank

18,401

18,836

CREDITORS

Amounts falling due within one year

6

137,009

NET CURRENT LIABILITIES

(118,173

)

TOTAL ASSETS LESS CURRENT LIABILITIES

366,198

CREDITORS

Amounts falling due after more than one year

7

359,610

NET ASSETS

6,588

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

6,488

SHAREHOLDERS' FUNDS

6,588

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 24 March 2023 and were signed on its behalf by:

Mrs V K Dhariwal - Director

1.	STATUTORY INFORMATION

JVD Group Limited is a private company, limited by shares , registered in Not specified/Other. 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 rents receivable.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2021

and 31 March 2022

484,371

NET BOOK VALUE

At 31 March 2022

484,371

At 31 March 2021

484,371

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Prepayments

435

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

1,525

Directors' current accounts

133,624

Accrued expenses

1,860

137,009

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans more 5 yr by instal

359,610

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

359,610

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

359,610

The loans are secured against the investment properties.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

10.	RELATED PARTY DISCLOSURES

In accordance with FRS 102, s1AC.35, the following are the categories and transactions conducted with, and balances owing to/from, related parties, where those transactions are both material and not conducted under normal market conditions.

Balances reported here are limited to those with related parties that hold a participating interest in the company, related parties in which the company holds a participating interest, and transactions with directors.

None

Unless otherwise noted, any outstanding balances outstanding are interest free, unsecured and repayable on demand.

Any necessary information to further explain a transaction is detailed here.