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REGISTERED NUMBER: 04195204 (England and Wales)












JGB Properties Limited

Financial Statements for the Year Ended 5 April 2023






JGB Properties Limited (Registered number: 04195204)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JGB Properties Limited

Company Information
for the Year Ended 5 April 2023







DIRECTORS: C L Jones
K Brooks





SECRETARY: C L Jones





REGISTERED OFFICE: 47c St Leonards Road
Windsor
Berkshire
SL4 3BP





REGISTERED NUMBER: 04195204 (England and Wales)





ACCOUNTANTS: Cottrill Mason Ltd
13 Vansittart Estate
Windsor
Berkshire
SL4 1SE

JGB Properties Limited (Registered number: 04195204)

Balance Sheet
5 April 2023

5.4.23 5.4.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,299,999 4,657,825
3,299,999 4,657,825

CURRENT ASSETS
Cash at bank 464,347 7,759

CREDITORS
Amounts falling due within one year 6 (220,110 ) (44,110 )
NET CURRENT ASSETS/(LIABILITIES) 244,237 (36,351 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,544,236

4,621,474

CREDITORS
Amounts falling due after more than one year 7 - (1,137,501 )

PROVISIONS FOR LIABILITIES (439,699 ) (638,793 )
NET ASSETS 3,104,537 2,845,180

CAPITAL AND RESERVES
Called up share capital 90 90
Revaluation reserve 8 3,602,071 3,602,071
Retained earnings (497,624 ) (756,981 )
SHAREHOLDERS' FUNDS 3,104,537 2,845,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 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.

JGB Properties Limited (Registered number: 04195204)

Balance Sheet - continued
5 April 2023


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 19 October 2023 and were signed on its behalf by:





K Brooks - Director


JGB Properties Limited (Registered number: 04195204)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

JGB 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2022
and 5 April 2023 7,360
DEPRECIATION
At 6 April 2022
and 5 April 2023 7,360
NET BOOK VALUE
At 5 April 2023 -

Included in cost of land and buildings is freehold land of £ 5,157,825 which is not depreciated.

JGB Properties Limited (Registered number: 04195204)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022 4,657,825
Disposals (1,357,826 )
At 5 April 2023 3,299,999
NET BOOK VALUE
At 5 April 2023 3,299,999
At 5 April 2022 4,657,825

Fair value at 5 April 2023 is represented by:
£   
Valuation in 2020 2,802,071
Valuation in 2009 800,000
Valuation in 2021 1,555,754
Valuation in 2022 (500,000 )
Valuation in 2023 (1,357,826 )
3,299,999

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Bank loans and overdrafts 7,806 10,805
Trade creditors 1 -
Taxation and social security 204,856 25,788
Other creditors 7,447 7,517
220,110 44,110

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.4.23 5.4.22
£    £   
Bank loans - 1,137,501

8. RESERVES
Revaluation
reserve
£   
At 6 April 2022
and 5 April 2023 3,602,071

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed to the directors £5532

10. ULTIMATE CONTROLLING PARTY

The directors in office have control of the company as a result of controlling 100 per cent of the issued ordinary share capital.