The JB Development Partnership Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06193001 (England and Wales)

The JB Development Partnership Limited

Unaudited Financial Statements

for the Period 1 April 2021 to 30 September 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I M Jeanes

M Burnell

SECRETARIES:

I M Jeanes

K S Jeanes

REGISTERED OFFICE:

One New Street

Wells

Somerset

BA5 2LA

REGISTERED NUMBER:

06193001 (England and Wales)

ACCOUNTANTS:

Webb & Co Ltd

Accountants and Business Advisers

One New Street

Wells

Somerset

BA5 2LA

CURRENT ASSETS

Stocks

150,000

950,000

Debtors

4

4,318

2,502,585

Cash at bank

2,406,222

10,911

2,560,540

3,463,496

CREDITORS

Amounts falling due within one year

5

371,889

1,944,774

NET CURRENT ASSETS

2,188,651

1,518,722

TOTAL ASSETS LESS CURRENT LIABILITIES

2,188,651

1,518,722

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

2,188,551

1,518,622

SHAREHOLDERS' FUNDS

2,188,651

1,518,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2023 and were signed on its behalf by:

I M Jeanes - Director

1.	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

-

10% 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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2021

and 30 September 2022

18,500

DEPRECIATION

At 1 April 2021

and 30 September 2022

18,500

NET BOOK VALUE

At 30 September 2022

-

At 31 March 2021

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

-

2,464,358

Other debtors

4,318

38,227

4,318

2,502,585

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

2,138

60,534

Amounts owed to group undertakings

4,100

284,100

Taxation and social security

168,872

313,764

Other creditors

196,779

1,286,376

371,889

1,944,774

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

90

Ordinary

£1

90

90

5

Ordinary A

£1

5

5

5

Ordinary B

£1

5

5

100

100