Janet Lawrence Properties Ltd |
Registered Number:04318952 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
Janet Lawrence Properties Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Janet Lawrence Properties Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
318,281
318,281
2
318,281
318,281
Trade and other receivables |
3,173
3,173
3
18,101
Cash and cash equivalents |
4,177
7,350
21,274
Trade and other payables: amounts falling due within one |
year |
(141,402)
(115,003)
4
(120,128)
(107,653)
Net current liabilities
Total assets less current liabilities |
210,628
198,153
Trade and other payables: amounts falling due after more |
than one year |
(850)
-
5
210,628
Net assets
197,303
100
100
210,528
197,203
210,628
197,303
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 26 September 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
Janet Lawrence Properties Ltd
Notes to the Financial Statements
Statutory Information
Janet Lawrence Properties Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 04318952. |
19 Elmcroft Close
London
W5 2HQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 March 2023
Janet Lawrence Properties Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
318,937
656
318,281
318,281
656
318,937
Provision for depreciation and impairment |
656
656
-
656
656
-
318,281
-
318,281
318,281
-
318,281
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act |
2006. The financial statements have been prepared under the historical costs convention as modified by the |
revaluation of certain assets. |
The ability of the company to continue to trade is dependent upon the continued support of the director and the |
Covid-pandemic situation is improving steadily and the director is confident the company will trade out of the situation. |
£48334 of the bank loan is guaranteed by the Government and the director has confirmed continued support of up to |
£35,000 for a period of 12 months from the date of these financial statements. This support will be reviewed at that |
time. |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and |
trade discounts. |
Property, plant and equipment |
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any |
provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, |
less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment Fixtures and fittings |
3. Trade and other receivables |
2022
2023
3,173
3,173
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For the year ended 31 March 2023
Janet Lawrence Properties Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
7,573
12,044
Taxation and social security |
5,472
4,890
101,958
124,468
115,003
141,402
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
-
850
Included in bank loans
6. Average number of persons employed |
During the year the average number of employees was 0
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