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REGISTERED NUMBER: 12298768 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

D JONES RENTALS LIMITED

D JONES RENTALS LIMITED (REGISTERED NUMBER: 12298768)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


D JONES RENTALS LIMITED

COMPANY INFORMATION
for the year ended 30 November 2021







DIRECTOR: Mr D J Jones





REGISTERED OFFICE: 20 Connaught Avenue
Loughton
Essex
IG10 4DS





REGISTERED NUMBER: 12298768 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

D JONES RENTALS LIMITED (REGISTERED NUMBER: 12298768)

ABRIDGED BALANCE SHEET
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,575,000 2,201,772

CURRENT ASSETS
Debtors 7,777 334,303
Cash at bank 1,797,692 36,235
1,805,469 370,538
CREDITORS
Amounts falling due within one year 2,268,332 2,150,429
NET CURRENT LIABILITIES (462,863 ) (1,779,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,112,137

421,881

CREDITORS
Amounts falling due after more than one
year

5

(1,475,144

)

(376,250

)

PROVISIONS FOR LIABILITIES (71,700 ) -
NET ASSETS 565,293 45,631

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 305,666 -
Retained earnings 259,625 45,629
565,293 45,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

D JONES RENTALS LIMITED (REGISTERED NUMBER: 12298768)

ABRIDGED BALANCE SHEET - continued
30 November 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 August 2022 and were signed by:





Mr D J Jones - Director


D JONES RENTALS LIMITED (REGISTERED NUMBER: 12298768)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2021

1. STATUTORY INFORMATION

D Jones Rentals 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.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

Turnover
Turnover comprises rental and service charge income, excluding Value Added Tax, which is recognised in the period which it is earned. Amounts invoiced in excess of the amounts earned during the period are recognised as deferred income in creditors.

Government grants
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that:
(a) the entity will comply with the conditions attaching to them; and
(b) the grants will be received.

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

D JONES RENTALS LIMITED (REGISTERED NUMBER: 12298768)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2021

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2020 2,201,772
Additions 1,242,298
Disposals (1,246,436 )
Revaluations 377,366
At 30 November 2021 2,575,000
NET BOOK VALUE
At 30 November 2021 2,575,000
At 30 November 2020 2,201,772

Investment property was valued on an open market basis on 30 November 2021 by the director.


5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2021 2020
£    £   
Repayable otherwise than by instalments
Bank loans 1,435,144 326,250

6. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Mortgage 1,435,144 326,250

The bank loan is secured by way of a fixed and floating charge over the properties held by the company.

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £1,942,321 (2020: £2,127,122) to Mr D J Jones, the sole director.