JWS Property Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07984256 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

JWS Property Developments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P L Waring

REGISTERED OFFICE:

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

REGISTERED NUMBER:

07984256 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Investments

4

1

1

Investment property

5

135,718

135,718

135,719

135,719

CURRENT ASSETS

Debtors

6

196,391

198,791

Cash at bank

11,363

5,017

207,754

203,808

CREDITORS

Amounts falling due within one year

7

152,350

155,414

NET CURRENT ASSETS

55,404

48,394

TOTAL ASSETS LESS CURRENT LIABILITIES

191,123

184,113

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

191,013

184,003

SHAREHOLDERS' FUNDS

191,123

184,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2021 and were signed by:

Mr P L Waring - Director

1.	STATUTORY INFORMATION

JWS Property Developments 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

COVID19

On 11 March 2020, the World Health Organisation officially declared COVID-19 as a pandemic. The accounts have been prepared on a going concern basis as although there are indicators of financial impact in relation to COVID-19 the directors have taken what are considered all necessary measures to protect the business from this to limit any adverse impact. The Directors anticipate the company continuing to trade for the foreseeable future and are monitoring the situation.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is shown at the fair value at the year end. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2019

and 31 March 2020

1

NET BOOK VALUE

At 31 March 2020

1

At 31 March 2019

1

The Company's investments at the balance sheet date include investment in 100% ordinary share capital of M L (Wooler) Ltd.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

135,718

NET BOOK VALUE

At 31 March 2020

135,718

At 31 March 2019

135,718

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

196,391

186,691

VAT

-

12,100

196,391

198,791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

(1

)

-

Tax

1,644

1,027

VAT

1,360

-

Other creditors

89,407

89,610

Other loans

58,527

64,527

Accrued expenses

1,413

250

152,350

155,414

8.	RELATED PARTY DISCLOSURES

Entities under common control owed £196,391 to the company at the year end.

The company owed £89,407 to entities under common control at the year end.