Jaydee Homes Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00744958 (England and Wales)

Abbreviated Accounts For The Year Ended 30 September 2016

for

JAYDEE HOMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D A Davis

M I Davis

J S Davis

REGISTERED OFFICE:

Church House

63 Church Street

Coton in the Elms

Swadlincote

Derbyshire

DE12 8HA

REGISTERED NUMBER:

00744958 (England and Wales)

ACCOUNTANTS:

Peach & Co.

Chartered Accountants

115 Byrkley Street

Burton on Trent

Staffordshire

DE14 2EG

BANKERS:

Lloyds Bank

16 High Street

Burton on Trent

Staffordshire

DE14 2JA

FIXED ASSETS

Tangible assets

2

91,682

113,370

Investment property

3

1,356,250

992,000

1,447,932

1,105,370

CURRENT ASSETS

Stocks

85,324

-

Debtors

414,752

367,228

Cash at bank

27,553

153,563

527,629

520,791

CREDITORS

Amounts falling due within one year

49,424

83,114

NET CURRENT ASSETS

478,205

437,677

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,926,137

1,543,047

PROVISIONS FOR LIABILITIES

82

5,775

NET ASSETS

1,926,055

1,537,272

CAPITAL AND RESERVES

Called up share capital

4

103

Revaluation reserve

1,134,262

770,012

Profit and loss account

791,690

767,157

SHAREHOLDERS' FUNDS

1,926,055

1,537,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 June 2017 and were signed on its
behalf by:

M I Davis - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Turnover

Turnover represents net invoiced supply of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Site Development

-

15% on reducing balance

Equipment

-

10% on reducing balance

Mobile homes

-

20% on reducing balance

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

237,872

Additions

282

At 30 September 2016

238,154

DEPRECIATION

At 1 October 2015

124,502

Charge for year

21,970

At 30 September 2016

146,472

NET BOOK VALUE

At 30 September 2016

91,682

At 30 September 2015

113,370

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 October 2015

992,000

Revaluations

364,250

At 30 September 2016

1,356,250

NET BOOK VALUE

At 30 September 2016

1,356,250

At 30 September 2015

992,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value

2016

2015

100

Ordinary

£1

100

1

A

£1

1

B

£1

1

C

£1

1

£103

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 September 2016 the company owed £163 to Mr M I Davis (2015 - £19).

6.	RELATED PARTY DISCLOSURES

During the year the company invoiced management charges of £56,048 (2015 - £58,194) to, and

purchased goods and services to the value of £nil (2015 - £28,250) from, J A Davis Contractors

Limited, a company controlled by the directors of Jaydee Homes Limited. At 30 September 2016 the

company was owed £3,635 (2015 - £5,633) by, and owed £nil (2015 - £10,900) to, J A Davis

Contractors Limited in respect of these transactions.

At 30 September 2016 the company was owed a further sum of £409,510 (2015 - £360,027) by J A

Davis Contractors Limited in the form of an interest free loan.