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REGISTERED NUMBER: 12101082 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 July 2021

for

JB Diamond Properties Limited

JB Diamond Properties Limited (Registered number: 12101082)






Contents of the Financial Statements
For The Year Ended 31 July 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

JB Diamond Properties Limited

Company Information
For The Year Ended 31 July 2021







DIRECTORS: Diamond Life Properties LLP
15lcs Limited
Ms P J Oliver
Mr P Speight
Mrs R Gonzalez Vaz
Mrs C Andrighetti Formaggi





REGISTERED OFFICE: Jubilee House
East Beach
Lytham St.annes
Lancashire
FY8 5FT





REGISTERED NUMBER: 12101082 (England and Wales)





ACCOUNTANTS: Danbro Accounting Ltd
Jubilee House
East Beach
Lytham St.annes
Lancashire
FY8 5FT

JB Diamond Properties Limited (Registered number: 12101082)

Balance Sheet
31 July 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,908 -
Investment property 5 300,000 210,000
302,908 210,000

CURRENT ASSETS
Debtors 6 699 994
Cash at bank 4,265 -
4,964 994
CREDITORS
Amounts falling due within one year 7 315,802 245
NET CURRENT (LIABILITIES)/ASSETS (310,838 ) 749
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,930

)

210,749

CREDITORS
Amounts falling due after more than one
year

8

-

261,340
NET LIABILITIES (7,930 ) (50,591 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation 9 39,134 -
Retained earnings (47,164 ) (50,691 )
(7,930 ) (50,591 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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.

JB Diamond Properties Limited (Registered number: 12101082)

Balance Sheet - continued
31 July 2021


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 Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:





Ms P J Oliver - Director


JB Diamond Properties Limited (Registered number: 12101082)

Notes to the Financial Statements
For The Year Ended 31 July 2021

1. STATUTORY INFORMATION

JB Diamond Properties 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 (£).


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 as modified by the revaluation of certain assets.

The financial statement have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
These financial statements are prepared on a going concern basis. The Directors have every expectation that the company will continue in operational existence for the foreseeable future and meet its liabilities as they fall due.

Thus the Directors consider it appropriate to prepare these financial statements on a going concern basis.

Cash at bank and in hand
Loans are showing within borrowings in non-current liabilities.

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.

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.

Fair Value Note

Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

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.


JB Diamond Properties Limited (Registered number: 12101082)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2021

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,520
At 31 July 2021 3,520
DEPRECIATION
Charge for year 612
At 31 July 2021 612
NET BOOK VALUE
At 31 July 2021 2,908

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2020 210,000
Additions 50,866
Revaluations 39,134
At 31 July 2021 300,000
NET BOOK VALUE
At 31 July 2021 300,000
At 31 July 2020 210,000

JB Diamond Properties Limited (Registered number: 12101082)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2021

5. INVESTMENT PROPERTY - continued

Fair value at 31 July 2021 is represented by:
£   
Valuation in 2020 210,000
Valuation in 2021 90,000
300,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 699 994

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 1 245
Amounts owed to group undertakings 314,575 -
Other creditors 1,226 -
315,802 245

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other creditors - 261,340

9. RESERVES
Revaluation
£   
Revaluations 39,134

At 31 July 2021 39,134

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
JB Diamond Properties Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JB Diamond Properties Limited for the year ended 31 July 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of JB Diamond Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JB Diamond Properties Limited and state those matters that we have agreed to state to the Board of Directors of JB Diamond Properties Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that JB Diamond Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JB Diamond Properties Limited. You consider that JB Diamond Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JB Diamond Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Danbro Accounting Ltd
Jubilee House
East Beach
Lytham St.annes
Lancashire
FY8 5FT


Date: .............................................