1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,982 3,982 xbrli:pure xbrli:shares iso4217:GBP 08901391 2022-03-01 2023-02-28 08901391 2023-02-28 08901391 2022-02-28 08901391 2021-03-01 2022-02-28 08901391 2022-02-28 08901391 2021-02-28 08901391 bus:Director1 2022-03-01 2023-02-28 08901391 core:WithinOneYear 2023-02-28 08901391 core:WithinOneYear 2022-02-28 08901391 core:AfterOneYear 2023-02-28 08901391 core:AfterOneYear 2022-02-28 08901391 core:ShareCapital 2023-02-28 08901391 core:ShareCapital 2022-02-28 08901391 core:RetainedEarningsAccumulatedLosses 2023-02-28 08901391 core:RetainedEarningsAccumulatedLosses 2022-02-28 08901391 bus:SmallEntities 2022-03-01 2023-02-28 08901391 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08901391 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 08901391 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08901391 bus:FullAccounts 2022-03-01 2023-02-28 08901391 core:ComputerEquipment 2022-03-01 2023-02-28 08901391 core:ComputerEquipment 2023-02-28
COMPANY REGISTRATION NUMBER: 08901391
JUST PROPERTIES (LONDON) LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 February 2023
JUST PROPERTIES (LONDON) LTD
STATEMENT OF FINANCIAL POSITION
28 February 2023
2023
2022
Note
£
£
£
£
CURRENT ASSETS
Debtors
6
23,972
500
Cash at bank and in hand
852
43,584
--------
--------
24,824
44,084
CREDITORS: amounts falling due within one year
7
( 4,163)
( 18,558)
--------
--------
NET CURRENT ASSETS
20,661
25,526
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
20,661
25,526
CREDITORS: amounts falling due after more than one year
8
( 47,537)
( 39,106)
--------
--------
NET LIABILITIES
( 26,876)
( 13,580)
--------
--------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 26,877)
( 13,581)
--------
--------
SHAREHOLDERS DEFICIT
( 26,876)
( 13,580)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JUST PROPERTIES (LONDON) LTD
STATEMENT OF FINANCIAL POSITION (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 27 November 2023 , and are signed on behalf of the board by:
J M Harris
Director
Company registration number: 08901391
JUST PROPERTIES (LONDON) LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 -22 Bridge End, Leeds, West Yorkshire, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared on the going concern basis.The director considers the going concern basis to be appropriate as he has confirmed his ongoing support of the company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment
-
33% straight line
Financial instruments
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 entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2022: Nil).
5. TANGIBLE ASSETS
Equipment
Total
£
£
Cost
At 1 March 2022 and 28 February 2023
3,982
3,982
-------
-------
Depreciation
At 1 March 2022 and 28 February 2023
3,982
3,982
-------
-------
Carrying amount
At 28 February 2023
-------
-------
At 28 February 2022
-------
-------
6. DEBTORS
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
500
500
Other debtors
23,472
--------
----
23,972
500
--------
----
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,200
10,200
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,601
7,099
Other creditors
197
Other creditors
1,362
1,062
-------
--------
4,163
18,558
-------
--------
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
47,537
39,106
--------
--------