Paul Jackson New Homes Limited - Accounts to registrar (filleted) - small 18.2
Paul Jackson New Homes Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
3 Church Street |
Oldbury |
West Midlands |
B69 3ND |
SOLICITORS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Fair value reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
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 |
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 |
Plant and machinery etc | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st May 2017 |
Additions |
At 30th April 2018 |
DEPRECIATION |
At 1st May 2017 |
Charge for year |
At 30th April 2018 |
NET BOOK VALUE |
At 30th April 2018 |
At 30th April 2017 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st May 2017 |
and 30th April 2018 |
NET BOOK VALUE |
At 30th April 2018 |
At 30th April 2017 |
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 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Taxation and social security |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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. |