Registration number:
JKW Property Investments Limited
(formerly
for the Period from 1 September 2022 to 31 October 2023
JKW Property Investments Limited
(formerly
(Registration number: 13184347)
Balance Sheet as at 31 October 2023
Note |
31 October |
31 August |
|
Fixed assets |
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Investment property |
|
- |
|
Investments |
|
|
|
Other financial assets |
1,571,352 |
- |
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
- |
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets/(liabilities) |
|
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
9,000 |
10,000 |
|
Capital redemption reserve |
1,000 |
- |
|
Other reserves |
- |
3,965,001 |
|
Profit and loss account |
4,555,829 |
895,050 |
|
Total equity |
4,565,829 |
4,870,051 |
JKW Property Investments Limited
(formerly
(Registration number: 13184347)
Balance Sheet as at 31 October 2023 (continued)
For the financial period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
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 and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
JKW Property Investments Limited
(formerly
Notes to the Unaudited Financial Statements
for the Period from 1 September 2022 to 31 October 2023
Accounting policies |
Statutory information
JKW Property Investments Limited is a private company, limited by shares, domiciled in England and Wales, company number 13184347. The registered office is at The Manor House, 260 Ecclesall Road South, Sheffield, S11 9PS.
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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 presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Group accounts not prepared
Going concern
After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for rental charges in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
Investment property
JKW Property Investments Limited
(formerly
Notes to the Unaudited Financial Statements
for the Period from 1 September 2022 to 31 October 2023 (continued)
1 |
Accounting policies (continued) |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Financial instruments
presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Investment properties |
31 October |
|
At 1 September |
- |
Additions |
|
At 31 October |
|
The investment property is considered to be stated at fair value by the directors having reference to property rental yeilds and property values in the same area. There has been no valuation of investment property by an independent valuer.
Investments |
31 October |
31 August |
|
Investments in subsidiaries |
|
|
JKW Property Investments Limited
(formerly
Notes to the Unaudited Financial Statements
for the Period from 1 September 2022 to 31 October 2023 (continued)
4 |
Investments (continued) |
Subsidiaries |
£ |
Cost |
|
At 1 September 2022 |
|
Disposals |
( |
At 31 October 2023 |
|
Carrying amount |
|
At 31 October 2023 |
|
At 31 August 2022 |
|
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
||||||
Subsidiary undertakings |
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|
England and Wales |
|
|
|
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|
England and Wales |
|
|
|
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|
England and Wales |
|
|
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|
England and Wales |
|
|
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Subsidiary undertakings |
Wilson Field Group Limited The principal activity of Wilson Field Group Limited is |
Wilson Field Limited The principal activity of Wilson Field Limited is |
WF Financial Solutions Limited The principal activity of WF Financial Solutions Limited is |
JKW Property Investments Limited
(formerly
Notes to the Unaudited Financial Statements
for the Period from 1 September 2022 to 31 October 2023 (continued)
4 |
Investments (continued) |
ABC 14812 Limited (formally Wilson Field Leeds Limited) The principal activity of ABC 14812 Limited (formally Wilson Field Leeds Limited) is |
Other financial assets (current and non-current) |
Total |
|
Non-current financial assets |
|
Cost or valuation |
|
At 1 September 2022 |
- |
Additions |
1,700,000 |
Disposals |
(170,000) |
Fair value adjustments |
41,352 |
At 31 October 2023 |
1,571,352 |
Carrying amount |
|
At 31 October 2023 |
|
At 31 August 2022 |
- |
Debtors |
31 October |
31 August |
|
Trade debtors |
|
- |
Other debtors |
|
|
|
|
JKW Property Investments Limited
(formerly
Notes to the Unaudited Financial Statements
for the Period from 1 September 2022 to 31 October 2023 (continued)
Creditors |
31 October |
31 August |
|
Due within one year |
||
Trade creditors |
|
- |
Amounts owed to group undertakings |
- |
|
Taxation and social security |
|
- |
Accruals and deferred income |
|
- |
Other creditors |
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
31 October |
31 August |
|||
No. |
£ |
No. |
£ |
|
|
|
9,000 |
- |
- |
|
- |
- |
|
9,000 |
|
- |
- |
|
1,000 |
|
|
|
|
Related party transactions |
Transactions with group companies
The company has taken advantage of the exemption under FRS 102 S33.1A to not disclose transactions between wholly owned group companies.
During the year the company provided and received short term loans to and from related parties. At the 31 October 2023 the company owed £nil (2022 - £239,938) to related parties. Short term loans provided and received are interest free and repayable on demand.
On 11 September 2023 the company disposed of it's investments in Wilson Field Group Limited and it's subsidiaries.