Javlin Homes Limited - Accounts to registrar

REGISTERED NUMBER: 04444135 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Javlin Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N A Jarvis

L A Jarvis

SECRETARY:

White House Secretaries Limited

REGISTERED OFFICE:

111 Milford Road

Lymington

Hampshire

SO41 8DN

REGISTERED NUMBER:

04444135 (England and Wales)

ACCOUNTANTS:

Heslops Associates Limited

111 Milford Road

Lymington

Hampshire

SO41 8DN

FIXED ASSETS

Tangible assets

4

5,910

9,610

CURRENT ASSETS

Stocks

2,232,047

1,246,283

Debtors

5

63,915

52,678

Cash at bank

602

54,379

2,296,564

1,353,340

CREDITORS

Amounts falling due within one year

6

2,294,542

1,334,266

NET CURRENT ASSETS

2,022

19,074

TOTAL ASSETS LESS CURRENT LIABILITIES

7,932

28,684

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

7,930

28,682

SHAREHOLDERS' FUNDS

7,932

28,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 February 2018 and were signed on its behalf by:

N A Jarvis - Director

1.	STATUTORY INFORMATION

Javlin Homes 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 etc

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

and 31 May 2017

49,114

DEPRECIATION

At 1 June 2016

39,504

Charge for year

3,700

At 31 May 2017

43,204

NET BOOK VALUE

At 31 May 2017

5,910

At 31 May 2016

9,610

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

Other debtors

63,915

52,678

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

Bank loans and overdrafts

1,575,026

746,790

Trade creditors

31,415

(1

)

Taxation and social security

752

20,450

Other creditors

687,349

567,027

2,294,542

1,334,266

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.17

31.5.16

£

Bank overdrafts

1,575,026

746,790

The company has given Hampshire Trust Bank Plc a fixed and floating charges over its freehold property.

The Company has given Fortey Fam Limited a second legal charge over one of the company's freehold properties.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2017 and 31 May 2016:

31.5.17

31.5.16

£

N A Jarvis

Balance outstanding at start of year

-

Amounts advanced

63,322

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

63,322

-

Directors have loaned the company £4,567 (2016 £4,567) on an interest free basis.

9.	ULTIMATE CONTROLLING PARTY

100% of the issued share capital is beneficially owned by Mr & Mrs N Jarvis.

Javlin Homes Limited - Accounts to registrar - small 17.1.1

Javlin Homes Limited - Accounts to registrar - small 17.1.1