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REGISTERED NUMBER: 13199051 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

JJL Property Management Limited

JJL Property Management Limited (Registered number: 13199051)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


JJL Property Management Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: L A White
J T White
J P White



REGISTERED OFFICE: 2 Waverley Road
Gloucester
GL2 0SZ



REGISTERED NUMBER: 13199051 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Starling Bank
5th Floor
London Fruit & Wool Exchange
1 Duval Square
London
E1 6PW

JJL Property Management Limited (Registered number: 13199051)

Statement of Financial Position
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 276,706 -

CURRENT ASSETS
Debtors 5 395 -
Cash at bank and in hand 15,557 1,960
15,952 1,960
CREDITORS
Amounts falling due within one year 6 294,345 2,392
NET CURRENT LIABILITIES (278,393 ) (432 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,687

)

(432

)

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (1,690 ) (435 )
SHAREHOLDERS' FUNDS (1,687 ) (432 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:



J P White - Director J T White - Director



L A White - Director


JJL Property Management Limited (Registered number: 13199051)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

JJL Property Management Limited 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.

Investment property
Investment property is shown in the accounts at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Going concern
Despite net current liabilities of £278,393 (2022 - £432) and net liabilities of £1,687 (2022 - £432), the financial statements have been prepared on a going concern basis. The directors have reviewed the future cash flows of the company and have expressed their intention, along with that of JJL Carpentry Contractors Limited (a company under common control), to financially support the company for the foreseeable future. They therefore deem the going concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
Fair value
Additions 276,706
At 28 February 2023 276,706
Net book value
At 28 February 2023 276,706

The investment property is held in the financial statements at cost. Given the property was purchased in the year, the directors are of the opinion that the fair value of the property at 28 February 2023 is not materially different to the initial cost.

JJL Property Management Limited (Registered number: 13199051)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Other debtors 395 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Other creditors 294,345 2,392

7. RELATED PARTY DISCLOSURES

JJL Carpentry Contractors Limited
A company under common control

The company has borrowed funds from JJL Carpentry Contractors Limited to fund the purchase of the investment property. At 28 February 2023, the company owed JJL Carpentry Contractors Limited £293,208 (2022 - £2,000). The loan is interest free and unsecured with no fixed repayment terms.

8. POST BALANCE SHEET EVENTS

Following the end of this accounting period, a second investment property has been purchased, financed via a commercial loan secured upon the property and other assets of the company.