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REGISTERED NUMBER: 10929030 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st August 2023

for

JRS Properties & Lettings Limited

JRS Properties & Lettings Limited (Registered number: 10929030)






Contents of the Financial Statements
for the year ended 31st August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

JRS Properties & Lettings Limited

Company Information
for the year ended 31st August 2023







DIRECTOR: J R Sargeson



REGISTERED OFFICE: 59 Strathcona Avenue
Hull
East Yorkshire
HU5 4AE



REGISTERED NUMBER: 10929030 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Barclays Bank plc
Humber & Lincolnshire Team
4th Floor
2 Humber Quays
Hull
HU1 2BN

JRS Properties & Lettings Limited (Registered number: 10929030)

Abridged Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 389,252 389,252

CURRENT ASSETS
Debtors 348 369
Cash at bank 39,337 10,482
39,685 10,851
CREDITORS
Amounts falling due within one year 268,034 296,969
NET CURRENT LIABILITIES (228,349 ) (286,118 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,903

103,134

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 160,803 103,034
SHAREHOLDERS' FUNDS 160,903 103,134

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd February 2024 and were signed by:



J R Sargeson - Director


JRS Properties & Lettings Limited (Registered number: 10929030)

Notes to the Financial Statements
for the year ended 31st August 2023

1. STATUTORY INFORMATION

JRS Properties & Lettings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

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.

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 balance sheet date.

Rents received
Rental income is shown on an accruals basis with any bad debts accounted for in the profit and loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2022
and 31st August 2023 389,252
NET BOOK VALUE
At 31st August 2023 389,252
At 31st August 2022 389,252

JRS Properties & Lettings Limited (Registered number: 10929030)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
JRS Properties & Lettings Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JRS Properties & Lettings Limited for the year ended 31st August 2023 which comprise the Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of JRS Properties & Lettings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JRS Properties & Lettings Limited and state those matters that we have agreed to state to the director of JRS Properties & Lettings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JRS Properties & Lettings Limited and its director for our work or for this report.

It is your duty to ensure that JRS Properties & Lettings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JRS Properties & Lettings Limited. You consider that JRS Properties & Lettings Limited 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 financial statements of JRS Properties & Lettings Limited. 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 financial statements.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


22nd February 2024