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REGISTERED NUMBER: 02692857 (England and Wales)









Financial Statements

for the Year Ended 31 March 2023

for

J R Estate Agents Limited

J R Estate Agents Limited (Registered number: 02692857)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J R Estate Agents Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R Fraser
L Fraser





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 02692857 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

J R Estate Agents Limited (Registered number: 02692857)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,416 11,811

CURRENT ASSETS
Debtors 5 17,260 8,691
Cash at bank and in hand 149,005 140,989
166,265 149,680
CREDITORS
Amounts falling due within one year 6 (48,973 ) (46,537 )
NET CURRENT ASSETS 117,292 103,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,708

114,954

CREDITORS
Amounts falling due after more than one
year

7

(22,500

)

(32,286

)
NET ASSETS 106,208 82,668

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 105,208 81,668
106,208 82,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





R Fraser - Director


J R Estate Agents Limited (Registered number: 02692857)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

J R Estate Agents 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2022 - 5 ) .

J R Estate Agents Limited (Registered number: 02692857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 157,576
Additions 2,952
At 31 March 2023 160,528
DEPRECIATION
At 1 April 2022 145,765
Charge for year 3,347
At 31 March 2023 149,112
NET BOOK VALUE
At 31 March 2023 11,416
At 31 March 2022 11,811

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 17,260 8,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,214
Trade creditors 3,347 2,372
Taxation and social security 29,049 26,234
Other creditors 6,577 7,717
48,973 46,537

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 22,500 32,286

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,500 12,500
Between one and five years 4,167 15,625
16,667 28,125

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the year end is an aggregate amount of £2,174 (2022: £2,704) due to the directors R Fraser and L Fraser. Interest of £531 (2022: £nil) has been charged on the overdrawn balance at a rate of 2%.

There have been no advances which individually were considered material and no individual advances exceeding £10,000 to each of the directors during the year under review.