JABIN AND JABIN ESTATES LTD

Company Registration Number:
13421169 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

JABIN AND JABIN ESTATES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

JABIN AND JABIN ESTATES LTD

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 933,974 121,976
Cost of sales: 0 ( 21,175 )
Gross profit(or loss): 933,974 100,801
Administrative expenses: ( 948,228 ) ( 38,584 )
Operating profit(or loss): (14,254) 62,217
Profit(or loss) before tax: (14,254) 62,217
Profit(or loss) for the financial year: (14,254) 62,217

JABIN AND JABIN ESTATES LTD

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 10,500 10,500
Tangible assets: 4 1,265,000 65,000
Total fixed assets: 1,275,500 75,500
Creditors: amounts falling due within one year: 5 ( 549,000 )
Net current assets (liabilities): (549,000) 11,220
Total assets less current liabilities: 726,500 86,720
Creditors: amounts falling due after more than one year: 6 0 ( 65,000 )
Total net assets (liabilities): 726,500 21,720
Capital and reserves
Called up share capital: 726,500 21,720
Total Shareholders' funds: 726,500 21,720

The notes form part of these financial statements

JABIN AND JABIN ESTATES LTD

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 October 2023
and signed on behalf of the board by:

Name: Sordiq Abayomi Raphael Aromokun
Status: Director

The notes form part of these financial statements

JABIN AND JABIN ESTATES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures, fittings, tools and equipment over 5 years

    Valuation information and policy

    value of the company portfolio assets

JABIN AND JABIN ESTATES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 17 5

JABIN AND JABIN ESTATES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 June 2022 10,500 10,500
Additions
Disposals
Revaluations
Transfers
At 31 May 2023 10,500 10,500
Amortisation
At 1 June 2022 0 0
Charge for year
On disposals
Other adjustments
At 31 May 2023 0 0
Net book value
At 31 May 2023 10,500 10,500
At 31 May 2022 10,500 10,500

JABIN AND JABIN ESTATES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 65,000 65,000
Additions 1,200,000 1,200,000
Disposals
Revaluations
Transfers
At 31 May 2023 1,265,000 1,265,000
Depreciation
At 1 June 2022
Charge for year
On disposals
Other adjustments
At 31 May 2023
Net book value
At 31 May 2023 1,265,000 1,265,000
At 31 May 2022 65,000 65,000

JABIN AND JABIN ESTATES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

2023
£
Other creditors 549,000
Total 549,000

JABIN AND JABIN ESTATES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 0 65,000
Amounts due under finance leases and hire purchase contracts 0
Other creditors 0
Total 0 65,000