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REGISTERED NUMBER: 11983677 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2023

for

JKJ Property Ltd

JKJ Property Ltd (Registered number: 11983677)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JKJ Property Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr J R Edwards
Mrs K L Mclaughlin





REGISTERED OFFICE: C/o Haines Watts Chester
Military House
24 Castle Street
Chester
CH1 2DS





REGISTERED NUMBER: 11983677 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

JKJ Property Ltd (Registered number: 11983677)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 739 1,121
Investments 5 1 1
Investment property 6 200,000 200,000
200,740 201,122

CURRENT ASSETS
Stocks 1,887 -
Debtors 7 150 140
Cash at bank 1,986 1,264
4,023 1,404
CREDITORS
Amounts falling due within one year 8 59,058 52,165
NET CURRENT LIABILITIES (55,035 ) (50,761 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,705

150,361

CREDITORS
Amounts falling due after more than one
year

9

(118,175

)

(118,851

)

PROVISIONS FOR LIABILITIES (140 ) (7,077 )
NET ASSETS 27,390 24,433

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 27,190 24,233
27,390 24,433

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

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

JKJ Property Ltd (Registered number: 11983677)

Balance Sheet - continued
31 May 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 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 20 November 2023 and were signed on its behalf by:





Mr J R Edwards - Director


JKJ Property Ltd (Registered number: 11983677)

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

1. STATUTORY INFORMATION

JKJ Property Ltd 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.

The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

JKJ Property Ltd (Registered number: 11983677)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 1,610 405 2,015
DEPRECIATION
At 1 June 2022 624 270 894
Charge for year 247 135 382
At 31 May 2023 871 405 1,276
NET BOOK VALUE
At 31 May 2023 739 - 739
At 31 May 2022 986 135 1,121

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022
and 31 May 2023 1
NET BOOK VALUE
At 31 May 2023 1
At 31 May 2022 1

The historic cost of the fixed asset investment is £1.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 200,000
NET BOOK VALUE
At 31 May 2023 200,000
At 31 May 2022 200,000

The historic cost of investment property is £200,000.

JKJ Property Ltd (Registered number: 11983677)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 150 140

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 676 1,200
Trade creditors 797 -
Taxation and social security - 588
Other creditors 57,585 50,377
59,058 52,165

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 118,175 118,851

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Mortgage 118,175 118,175

11. RELATED PARTY DISCLOSURES

The directors loaned a total of £9,084 and was repaid a total of £1,506 in the period. The balance owing to the directors at 31 May 2023 is £57,123 (2022 -£49,545) which is interest free and is repayable on demand.