JJLB Commercial Properties Ltd 13262475 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 13262475 2022-04-01 2023-03-31 13262475 2023-03-31 13262475 core:RetainedEarningsAccumulatedLosses 2023-03-31 13262475 core:ShareCapital 2023-03-31 13262475 core:CurrentFinancialInstruments 2023-03-31 13262475 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13262475 bus:SmallEntities 2022-04-01 2023-03-31 13262475 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13262475 bus:FullAccounts 2022-04-01 2023-03-31 13262475 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13262475 bus:RegisteredOffice 2022-04-01 2023-03-31 13262475 bus:Director1 2022-04-01 2023-03-31 13262475 bus:Director2 2022-04-01 2023-03-31 13262475 bus:Director3 2022-04-01 2023-03-31 13262475 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13262475 bus:Agent1 2022-04-01 2023-03-31 13262475 countries:AllCountries 2022-04-01 2023-03-31 13262475 2022-03-31 13262475 2021-03-12 2022-03-31 13262475 2022-03-31 13262475 core:RetainedEarningsAccumulatedLosses 2022-03-31 13262475 core:ShareCapital 2022-03-31 13262475 core:CurrentFinancialInstruments 2022-03-31 13262475 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Company registration number: 13262475

JJLB Commercial Properties Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2023

 

JJLB Commercial Properties Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 5

 

JJLB Commercial Properties Ltd

Company Information

Directors

Mr J J Baccino (Snr)

Mr JJ Baccino (Jnr)

Mr LR Baccino

Registered office

1 Mill Brook Court
Aughton
Ormskirk
Lancashire
L39 6AA

Accountants

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
JJLB Commercial Properties Ltd
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JJLB Commercial Properties Ltd for the year ended 31 March 2023 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of JJLB Commercial Properties Ltd, as a body, in accordance with the terms of our engagement letter dated 31 March 2021. Our work has been undertaken solely to prepare for your approval the accounts of JJLB Commercial Properties Ltd and state those matters that we have agreed to state to the Board of Directors of JJLB Commercial Properties Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JJLB Commercial Properties Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that JJLB Commercial Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of JJLB Commercial Properties Ltd. You consider that JJLB Commercial Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of JJLB Commercial Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

19 February 2024

 

JJLB Commercial Properties Ltd

(Registration number: 13262475)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

1,729,573

1,729,573

Current assets

 

Debtors

5

14,262

25,989

Cash at bank and in hand

 

35,154

67,603

 

49,416

93,592

Creditors: Amounts falling due within one year

6

(1,757,355)

(1,791,921)

Net current liabilities

 

(1,707,939)

(1,698,329)

Net assets

 

21,634

31,244

Capital and reserves

 

Called up share capital

50

50

Retained earnings

21,584

31,194

Shareholders' funds

 

21,634

31,244

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 February 2024 and signed on its behalf by:
 

.........................................
Mr J J Baccino (Snr)
Director

 

JJLB Commercial Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales .

The address of its registered office is:
1 Mill Brook Court
Aughton
Ormskirk
Lancashire
L39 6AA
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Revenue comprises of rents receivable during the year.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

JJLB Commercial Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 5).

4

Investment properties

2023
£

At 1 April

1,729,573

At 31 March

1,729,573

The investment properties have been valued at their market value as at 31 March 2023 by the directors.

5

Debtors

2023
£

2022
£

Trade debtors

11,575

20,234

Other debtors

2,687

5,755

14,262

25,989

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Corporation tax

-

7,318

Other creditors

1,757,355

1,784,603

1,757,355

1,791,921