Paul Jackson New Homes Limited - Accounts to registrar (filleted) - small 18.2

Paul Jackson New Homes Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 03363374 (England and Wales)














PAUL JACKSON NEW HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2018






PAUL JACKSON NEW HOMES LIMITED (REGISTERED NUMBER: 03363374)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAUL JACKSON NEW HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2018







DIRECTORS: P Jackson
J Jackson



SECRETARY: P Jackson



REGISTERED OFFICE: Rockmount
Dark Lane
Kinver
Stourbridge
West Midlands
DY7 6JA



REGISTERED NUMBER: 03363374 (England and Wales)



BANKERS: National Westminister Bank
3 Church Street
Oldbury
West Midlands
B69 3ND



SOLICITORS: Silks
368 High Street
Smethwick
Warley
West Midlands
B66 3PG

PAUL JACKSON NEW HOMES LIMITED (REGISTERED NUMBER: 03363374)

BALANCE SHEET
30TH APRIL 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,813 12,212
Investment property 5 1,300,000 1,300,000
1,312,813 1,312,212

CURRENT ASSETS
Debtors 6 3,224 3,538
Cash at bank 59,552 8,874
62,776 12,412
CREDITORS
Amounts falling due within one year 7 367,090 310,972
NET CURRENT LIABILITIES (304,314 ) (298,560 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,008,499

1,013,652

PROVISIONS FOR LIABILITIES 132,426 134,851
NET ASSETS 876,073 878,801

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 832,786 830,361
Retained earnings 43,285 48,438
SHAREHOLDERS' FUNDS 876,073 878,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2018 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.

PAUL JACKSON NEW HOMES LIMITED (REGISTERED NUMBER: 03363374)

BALANCE SHEET - continued
30TH APRIL 2018


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 8th January 2019 and were signed on its behalf by:





P Jackson - Director


PAUL JACKSON NEW HOMES LIMITED (REGISTERED NUMBER: 03363374)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2018

1. STATUTORY INFORMATION

Paul Jackson New 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest £.

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 as modified by the revaluation of certain assets.

The directors have agreed to continue to support the business for the foreseeable future to ensure it meets its
financial liabilities as they fall due hence the accounts have been prepared on a going concern basis.

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 reducing balance, 15% on reducing balance and Straight line over 3 years

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at
fair value at each reporting date with changes in fair value recognised in the income statement. Deferred tax is
provided on gains at the rate expected to apply when the property is sold.

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.

PAUL JACKSON NEW HOMES LIMITED (REGISTERED NUMBER: 03363374)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2017 81,259
Additions 3,447
At 30th April 2018 84,706
DEPRECIATION
At 1st May 2017 69,047
Charge for year 2,846
At 30th April 2018 71,893
NET BOOK VALUE
At 30th April 2018 12,813
At 30th April 2017 12,212


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2017
and 30th April 2018 1,300,000
NET BOOK VALUE
At 30th April 2018 1,300,000
At 30th April 2017 1,300,000

Fair value at 30th April 2018 is represented by:

£   
Valuation in 2018 1,300,000

If investment property had not been revalued it would have been included at the following historical cost:

2018 2017
£    £   
Cost 334,788 334,788

Investment property was valued on open market basis on 30th April 2018 by the director .

PAUL JACKSON NEW HOMES LIMITED (REGISTERED NUMBER: 03363374)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 3,224 3,538

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 38,051 38,051
Other creditors 329,039 272,921
367,090 310,972

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

Creditors includes £112,014 (2017 £123,424) owed by the company to Paul Jackson Surveyors Limited, a
company controlled by the directors.