J & D 2012 Ltd - Accounts to registrar (filleted) - small 23.2.5
J & D 2012 Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| FOR |
| J & D 2012 LTD |
| J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 DECEMBER 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| J & D 2012 LTD |
| COMPANY INFORMATION |
| for the Year Ended 31 DECEMBER 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditor |
| 260 - 270 Butterfield |
| Great Marlings |
| Luton |
| Bedfordshire |
| LU2 8DL |
| J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
| BALANCE SHEET |
| 31 DECEMBER 2022 |
| 2022 | 2021 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 1,095,212 |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 DECEMBER 2022 |
| 1. | STATUTORY INFORMATION |
| J & D 2012 Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared on the going concern basis, which the directors consider to be appropriate as the company, together with support from its parent, has sufficient resources to meet future commitments as they fall due. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents completed property sales, excluding value added tax. |
| Rents received |
| Other income is measured at the fair value of the rents received or receivable |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost less impairment. Any dividend received is credited to the profit and loss. |
| 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. |
| Stocks and work in progress |
| Stocks and work in progress is valued at the lower of cost and net realisable value on the basis of direct costs plus attributable finance expenses. No element of profit is included in the valuation of work in progress. |
| J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 DECEMBER 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| Preparation of consolidated financial statements |
| The financial statements contain information about J&D 2012 Ltd and do not contain consolidated financial information on the group. The company has taken the option under section 398 of the Companies Act 2006 not to prepare consolidated financial statements. The financial statements are consolidated within the GPS Estates group (details shown on note 10) accounts for the year ended 31 December 2022. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2021 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor | Computer |
| machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2022 |
| and 31 December 2022 |
| DEPRECIATION |
| At 1 January 2022 |
| Charge for year |
| At 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 DECEMBER 2022 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 January 2022 |
| and 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2022 |
| and 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| 7. | STOCKS |
| 2022 | 2021 |
| as restated |
| £ | £ |
| Stocks |
| Stocks include directly attributable finance costs of NIL (2021: £NIL). |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| as restated |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| VAT |
| J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 DECEMBER 2022 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| as restated |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Corporation tax |
| Other creditors |
| Accrued expenses |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is a wholly owned subsidiary of GPS Estates Limited and incorporated in the United Kingdom. The ultimate controlling parties are Mr J and Mr D Gill by virtue of their shareholding in GPS Estates Limited with the registered office of 4 The Gateway, Blackthorn Place, Silsoe, Beds, MK45 4PZ. Copies of the accounts of GPS Estates Limited can be obtained from the registered office. |
| 12. | LEASING AGREEMENTS |
| Minimum lease receipts fall due as follows: |
| 2022 | 2021 |
| £ | £ |
| Net obligations receivable: |
| Within one year | 74,080 | 27,217 |
| Between one and five years | 75,870 | 30,000 |
| More than five years | 61,750 | - |
| 211,700 | 57,217 |