Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr J B Edmonds 09/06/2017 Mrs J A Edmonds 09/06/2017 19 November 2023 The principal activity of the Company during the financial year is that of property rental. 10812652 2023-03-31 10812652 bus:Director1 2023-03-31 10812652 bus:Director2 2023-03-31 10812652 2022-03-31 10812652 core:CurrentFinancialInstruments 2023-03-31 10812652 core:CurrentFinancialInstruments 2022-03-31 10812652 core:Non-currentFinancialInstruments 2023-03-31 10812652 core:Non-currentFinancialInstruments 2022-03-31 10812652 core:ShareCapital 2023-03-31 10812652 core:ShareCapital 2022-03-31 10812652 core:RevaluationReserve 2023-03-31 10812652 core:RevaluationReserve 2022-03-31 10812652 core:RetainedEarningsAccumulatedLosses 2023-03-31 10812652 core:RetainedEarningsAccumulatedLosses 2022-03-31 10812652 core:InvestmentPropertyIncludedWithinPPE 2022-03-31 10812652 core:InvestmentPropertyIncludedWithinPPE 2023-03-31 10812652 bus:OrdinaryShareClass1 2023-03-31 10812652 2022-04-01 2023-03-31 10812652 bus:FullAccounts 2022-04-01 2023-03-31 10812652 bus:SmallEntities 2022-04-01 2023-03-31 10812652 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10812652 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10812652 bus:Director1 2022-04-01 2023-03-31 10812652 bus:Director2 2022-04-01 2023-03-31 10812652 2021-04-01 2022-03-31 10812652 core:InvestmentPropertyIncludedWithinPPE 2022-04-01 2023-03-31 10812652 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 10812652 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10812652 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10812652 (England and Wales)

JBE PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

JBE PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

JBE PROPERTIES LIMITED

BALANCE SHEET

As at 31 March 2023
JBE PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 77,000 220,000
77,000 220,000
Current assets
Cash at bank and in hand 39,000 0
39,000 0
Creditors: amounts falling due within one year 4 ( 80,841) ( 76,270)
Net current liabilities (41,841) (76,270)
Total assets less current liabilities 35,159 143,730
Creditors: amounts falling due after more than one year 5 ( 53,587) ( 103,303)
Provision for liabilities 13,409 8,286
Net (liabilities)/assets ( 5,019) 48,713
Capital and reserves
Called-up share capital 6 100 100
Revaluation reserve 11,733 48,838
Profit and loss account ( 16,852 ) ( 225 )
Total shareholders' (deficit)/funds ( 5,019) 48,713

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of JBE Properties Limited (registered number: 10812652) were approved and authorised for issue by the Board of Directors on 19 November 2023. They were signed on its behalf by:

Mr J B Edmonds
Director
JBE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
JBE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JBE Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Blencarn Bank Terrace, Thorpe Thewles, Stockton On Tees, TS21 3JW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Investment property not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Investment property Total
£ £
Cost
At 01 April 2022 220,000 220,000
Additions 2,000 2,000
Disposals ( 145,000) ( 145,000)
At 31 March 2023 77,000 77,000
Accumulated depreciation
At 01 April 2022 0 0
At 31 March 2023 0 0
Net book value
At 31 March 2023 77,000 77,000
At 31 March 2022 220,000 220,000

4. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 3,615 4,977
Other creditors 77,226 71,293
80,841 76,270

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 53,587 103,303

The bank loans are secured on the freehold properties of the Company with a carrying value of £77,000 (2022: £220,000).

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100