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REGISTERED NUMBER: 00934780 (England and Wales)








Financial Statements

for the Year Ended

31 March 2022

for

Jalise Properties Limited

Jalise Properties Limited (Registered number: 00934780)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jalise Properties Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: C Lang
Mrs D E Lang
J Lang
R A Lang





SECRETARY: Mrs D E Lang





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 00934780 (England and Wales)





ACCOUNTANTS: Nicklin LLP
Chartered Accountants
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Jalise Properties Limited (Registered number: 00934780)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,362,000 -

CURRENT ASSETS
Stocks - 532,471
Debtors 5 2,142 1,759
Cash at bank 158,740 151,905
160,882 686,135
CREDITORS
Amounts falling due within one year 6 430,098 420,402
NET CURRENT (LIABILITIES)/ASSETS (269,216 ) 265,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,092,784

265,733

PROVISIONS FOR LIABILITIES 130,000 -
NET ASSETS 962,784 265,733

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Revaluation reserve 7 694,009 -
Retained earnings 262,775 259,733
SHAREHOLDERS' FUNDS 962,784 265,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 23 August 2022 and were signed on its behalf by:





C Lang - Director


Jalise Properties Limited (Registered number: 00934780)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Jalise 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.

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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 537,991
Revaluations 824,009
At 31 March 2022 1,362,000
NET BOOK VALUE
At 31 March 2022 1,362,000

Jalise Properties Limited (Registered number: 00934780)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2022 1,362,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 305 305
Other debtors 1,837 1,454
2,142 1,759

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 3,580 3,580
Taxation and social security 2,314 1,700
Other creditors 424,204 415,122
430,098 420,402

7. RESERVES
Revaluation
reserve
£   
Fair value reserve movement 694,009

At 31 March 2022 694,009

8. RELATED PARTY TRANSACTIONS

As at the year end the directors were owed a total of £394,814 (2021: £380,678).