Charles James Developments Limited

Charles James Developments Limited

CHARLES JAMES DEVELOPMENTS LIMITED - Company Information

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1 November 2016 false No description of principal activity Taxfiler 2018.7.Web 04939679business:PrivateLimitedCompanyLtd2016-11-012017-10-31 049396792016-10-31 049396792016-11-012017-10-31 04939679business:AuditExemptWithAccountantsReport2016-11-012017-10-31 04939679business:FullAccounts2016-11-012017-10-31 049396792017-10-31 04939679business:Director12016-11-012017-10-31 04939679business:RegisteredOffice2016-11-012017-10-31 049396792016-10-31 04939679core:WithinOneYear2017-10-31 04939679core:WithinOneYear2016-10-31 04939679core:AfterOneYear2017-10-31 04939679core:AfterOneYear2016-10-31 04939679core:ShareCapital2017-10-31 04939679core:ShareCapital2016-10-31 04939679core:RevaluationReserve2017-10-31 04939679core:RevaluationReserve2016-10-31 04939679core:RetainedEarningsAccumulatedLosses2017-10-31 04939679core:RetainedEarningsAccumulatedLosses2016-10-31 04939679business:SmallEntities2016-11-012017-10-31 04939679countries:EnglandWales2016-11-012017-10-31 04939679core:PlantMachinery2016-11-012017-10-31 04939679core:FurnitureFittings2016-11-012017-10-31 04939679core:PlantMachinery2016-10-31 04939679core:FurnitureFittings2016-10-31 04939679core:PlantMachinery2017-10-31 04939679core:FurnitureFittings2017-10-31 04939679business:OrdinaryShareClass12016-11-012017-10-31 04939679business:OrdinaryShareClass12015-11-012016-10-31 04939679business:Director112016-11-012017-10-31 04939679business:Director112016-10-31 04939679business:Director112017-10-31 049396792015-11-012016-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04939679 (England and Wales)
Charles James Developments Limited Unaudited accounts for the year ended 31 October 2017
Charles James Developments Limited Unaudited accounts Contents
Page
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Charles James Developments Limited Company Information for the year ended 31 October 2017
Director
J Moody
Company Number
04939679 (England and Wales)
Registered Office
Suite 1 Christchurch House Sir Thomas Longley Road Rochester Kent ME24FX
Accountants
AK Tax & Accountancy Ltd Suite 1 Christchurch House Sir Thomas Longley Road Rochester Kent ME24FX
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Charles James Developments Limited Statement of financial position as at 31 October 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Investments
5
1,335,835 
1,335,835 
Current assets
Inventories
6
- 
528,653 
Debtors
7
1,116,883 
265,266 
Cash at bank and in hand
391,477 
2,691 
1,508,360 
796,610 
Creditors: amounts falling due within one year
8
(180,345)
(207,310)
Net current assets
1,328,015 
589,300 
Total assets less current liabilities
2,663,850 
1,925,135 
Creditors: amounts falling due after more than one year
9
(734,871)
(734,871)
Net assets
1,928,979 
1,190,264 
Capital and reserves
Called up share capital
10
2 
2 
Revaluation reserve
939,740 
939,740 
Profit and loss account
989,237 
250,522 
Shareholders' funds
1,928,979 
1,190,264 
For the year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 November 2017.
J Moody Director Company Registration No. 04939679
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Charles James Developments Limited Notes to the Accounts for the year ended 31 October 2017
1
Statutory information
Charles James Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 04939679. The registered office is Suite 1 Christchurch House, Sir Thomas Longley Road, Rochester, Kent, ME24FX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2016
17,773 
5,905 
23,678 
At 31 October 2017
17,773 
5,905 
23,678 
Depreciation
At 1 November 2016
17,773 
5,905 
23,678 
At 31 October 2017
17,773 
5,905 
23,678 
Net book value
At 31 October 2017
- 
- 
- 
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Charles James Developments Limited Notes to the Accounts for the year ended 31 October 2017
5
Investments
Other investments 
£ 
Valuation at 1 November 2016
1,335,835 
Valuation at 31 October 2017
1,335,835 
6
Inventories
2017 
2016 
£ 
£ 
Finished goods
- 
528,653 
- 
528,653 
7
Debtors
2017 
2016 
£ 
£ 
Other debtors
1,116,883 
265,266 
8
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Taxes and social security
175,845 
5,741 
Other creditors
- 
234,500 
Loans from directors
- 
(32,931)
Accruals
4,500 
- 
180,345 
207,310 
9
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Bank loans
734,871 
734,871 
10
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
J Moody
Loan repayable upon demand from director
32,931 
66,134 
32,931 
66,134 
32,931 
66,134 
32,931 
66,134 
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Charles James Developments Limited Notes to the Accounts for the year ended 31 October 2017
12
Transactions with related parties
At the year end, the company was owed £380,237 (2015: £265,266) from CJD (Artillery Lane) Ltd, a company controlled by the director, J Moody. Also at the year end, the company was owed £668,633 (2015: creditor £225,000) from CJD (Calvin Street) Ltd, a company controlled by the director, J Moody.
13
Average number of employees
During the year the average number of employees was 1 (2016: 1).
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