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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 FEBRUARY 2018 TO 31 DECEMBER 2018 |
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J & D 2012 LTD |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 FEBRUARY 2018 TO 31 DECEMBER 2018 |
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FOR |
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J & D 2012 LTD |
J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 FEBRUARY 2018 TO 31 DECEMBER 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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J & D 2012 LTD |
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COMPANY INFORMATION |
for the Period 1 FEBRUARY 2018 TO 31 DECEMBER 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Prospero House |
46-48 Rothesay Road |
Luton |
Bedfordshire |
LU1 1QZ |
J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
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BALANCE SHEET |
31 DECEMBER 2018 |
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2018 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 FEBRUARY 2018 TO 31 DECEMBER 2018 |
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1. | STATUTORY INFORMATION |
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J & D 2012 Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment |
losses. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Stocks and work in progress |
Stocks and work in progress is valued at the lower of cost and net realisable value on the basis of direct costs |
plus attributable finance expenses. No element of profit is included in the valuation of work in progress. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 FEBRUARY 2018 TO 31 DECEMBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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Turnover |
Turnover represents completed property sales, excluding value added tax. |
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Preparation of consolidated financial statements |
The financial statements contain information about J&D 2012 Ltd and do not contain consolidated financial |
information on the group. The company has taken the option under section 398 of the Companies Act 2006 not |
to prepare consolidated financial statements. The financial statements are consolidated within the GPS Estates |
group (details shown on note 11) accounts for the year ended 31 December 2018. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL (2018 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 February 2018 |
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Additions |
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At 31 December 2018 |
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DEPRECIATION |
At 1 February 2018 |
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Charge for period |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 January 2018 |
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J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 FEBRUARY 2018 TO 31 DECEMBER 2018 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
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COST |
Additions |
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At 31 December 2018 |
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DEPRECIATION |
Charge for period |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 February 2018 |
and 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 January 2018 |
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6. | STOCKS |
2018 | 2018 |
£ | £ |
Stocks |
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Stocks include directly attributable finance costs of of £188,185 (2018: £347,245). |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2018 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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VAT |
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Prepayments and accrued income |
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J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 FEBRUARY 2018 TO 31 DECEMBER 2018 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings |
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Corporation tax |
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Other creditors |
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Directors' current accounts | 181,194 | 190,775 |
Accrued expenses |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2018 |
£ | £ |
Bank loans |
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The creditors are secured against the stock in the company by way of fixed and floating charges. |
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10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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11. | ULTIMATE CONTROLLING PARTY |
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The company is a wholly owned subsidiary of GPS Estates Limited and incorporated in the United Kingdom. |
The ultimate controlling parties are Mr J and Mr D Gill by virtue of their shareholding in GPS Estates Limited |
with the registered office of Room 212, Endeavour House, Wrest Park, Silsoe, Bedfordshire, MK45 4HS. |
Copies of the accounts of GPS Estates Limited can be obtained from the registered office. |