John Douglas Estates Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02113058 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

JOHN DOUGLAS ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J F P Douglas

D J Douglas

H J Douglas

SECRETARY:

J F P Douglas

REGISTERED OFFICE:

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

REGISTERED NUMBER:

02113058 (England and Wales)

ACCOUNTANTS:

Mitchells Chartered Accountants

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

CURRENT ASSETS

Debtors

4

54,285

44,008

CREDITORS

Amounts falling due within one year

5

5,244

5,700

NET CURRENT ASSETS

49,041

38,308

TOTAL ASSETS LESS CURRENT LIABILITIES

49,041

38,308

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

6

49,037

38,304

SHAREHOLDERS' FUNDS

49,041

38,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 15 March 2024 and were signed on its behalf by:

J F P Douglas - Director

1.	STATUTORY INFORMATION

John Douglas Estates 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.

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 (2022 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Other debtors

54,285

44,008

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Other creditors

5,244

5,700

6.

RESERVES

Retained

earnings

£

At 1 July 2022

38,304

Profit for the year

11,853

Dividends

(1,120

)

At 30 June 2023

49,037

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,120 (2022 - £1,250) were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J F P Douglas.

The controlling party is a director who holds all of the issued share capital of the company.