JDK Property Group Limited 13909775 false 2022-02-11 2023-02-28 2023-02-28 The principal activity of the company is property letting and development. Digita Accounts Production Advanced 6.30.9574.0 true true 13909775 2022-02-11 2023-02-28 13909775 2023-02-28 13909775 bus:OrdinaryShareClass1 2023-02-28 13909775 bus:Original 2023-02-28 13909775 core:RetainedEarningsAccumulatedLosses 2023-02-28 13909775 core:ShareCapital 2023-02-28 13909775 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13909775 core:Non-currentFinancialInstruments 2023-02-28 13909775 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 13909775 core:MoreThanFiveYears 2 2023-02-28 13909775 core:FurnitureFittingsToolsEquipment 2023-02-28 13909775 bus:SmallEntities 2022-02-11 2023-02-28 13909775 bus:AuditExemptWithAccountantsReport 2022-02-11 2023-02-28 13909775 bus:FullAccounts 2022-02-11 2023-02-28 13909775 bus:SmallCompaniesRegimeForAccounts 2022-02-11 2023-02-28 13909775 bus:RegisteredOffice 2022-02-11 2023-02-28 13909775 bus:Director1 2022-02-11 2023-02-28 13909775 bus:OrdinaryShareClass1 2022-02-11 2023-02-28 13909775 bus:PrivateLimitedCompanyLtd 2022-02-11 2023-02-28 13909775 core:FurnitureFittingsToolsEquipment 2022-02-11 2023-02-28 13909775 core:PlantMachinery 2022-02-11 2023-02-28 13909775 countries:England 2022-02-11 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13909775

JDK Property Group Limited

Unaudited Filleted Financial Statements

for the Period from 11 February 2022 to 28 February 2023

 

JDK Property Group Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

JDK Property Group Limited

Company Information

Director

Mr J McWilliams

Registered office

10 Sunbeam Road
Kempston
Bedford
Bedfordshire
MK42 7BY

Accountants

Russells (Accountants) Limited
Certified Accountants
20 Riverview Way
Kempston
Bedford
Bedfordshire
MK42 7BB

 

JDK Property Group Limited

(Registration number: 13909775)
Balance Sheet as at 28 February 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

17,954

Investment property

5

378,503

 

396,457

Current assets

 

Cash at bank and in hand

 

899

Creditors: Amounts falling due within one year

6

(145,471)

Net current liabilities

 

(144,572)

Total assets less current liabilities

 

251,885

Creditors: Amounts falling due after more than one year

6

(266,438)

Net liabilities

 

(14,553)

Capital and reserves

 

Called up share capital

100

Profit and loss account

(14,653)

Total equity

 

(14,553)

For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 November 2023
 

.........................................
Mr J McWilliams
Director

 

JDK Property Group Limited

Notes to the Unaudited Financial Statements for the Period from 11 February 2022 to 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
10 Sunbeam Road
Kempston
Bedford
Bedfordshire
MK42 7BY
England

These financial statements were authorised for issue by the director on 9 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% on a reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

JDK Property Group Limited

Notes to the Unaudited Financial Statements for the Period from 11 February 2022 to 28 February 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

JDK Property Group Limited

Notes to the Unaudited Financial Statements for the Period from 11 February 2022 to 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

23,941

23,941

At 28 February 2023

23,941

23,941

Depreciation

Charge for the

5,987

5,987

At 28 February 2023

5,987

5,987

Carrying amount

At 28 February 2023

17,954

17,954

5

Investment properties

2023
£

Additions

378,503

At 28 February

378,503

There has been no valuation of investment property by an independent valuer.

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

840

Other creditors

2,790

Directors current accounts

141,841

145,471

 

JDK Property Group Limited

Notes to the Unaudited Financial Statements for the Period from 11 February 2022 to 28 February 2023

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

8

266,438

2023
£

Due after more than five years

After more than five years not by instalments

266,438

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

£1 Ordinary shares of £1 each

100

100

     

8

Loans and borrowings

2023
£

Non-current loans and borrowings

Other borrowings

266,438

Other borrowings

The Mortgage Loan is denominated in pounds sterling with a nominal interest rate of 3.1%, and the final instalment is due on 31 March 2047. The carrying amount at period end is £266,438 ( - £Nil).

The investment property is charged as security for the mortgage loan.