Company Registration No. 13641643 (England and Wales)
JSBL Property Ltd
Unaudited accounts
for the year ended 31 October 2023
JSBL Property Ltd
Unaudited accounts
Contents
JSBL Property Ltd
Company Information
for the year ended 31 October 2023
Directors
John Richard Hammond
Sarah Ann Hammond
Secretary
Copsehill Services Ltd
Company Number
13641643 (England and Wales)
Registered Office
Oaktree House
Wheelers Lane
Brockham, Betchworth
Surrey
RH3 7LA
Accountants
Copsehill Services Ltd
Oaktree House
Wheelers Lane
BROCKHAM
Surrey
RH3 7LA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of JSBL Property Ltd for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
JSBL Property Ltd for the year ended
31 October 2023 as set out on pages
5 -
8 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 icaew.com/membershandbook.
This report is made solely to the Board of Directors of JSBL Property Ltd, as a body, in accordance with the terms of our engagement letter dated 4 October 2021. Our work has been undertaken solely to prepare for your approval the accounts of JSBL Property Ltd and state those matters that we have agreed to state to the Board of Directors of JSBL Property Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JSBL Property Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that JSBL Property 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 profit of JSBL Property Ltd. You consider that JSBL Property 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 JSBL Property 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.
Copsehill Services Ltd
Chartered Accountants
Oaktree House
Wheelers Lane
BROCKHAM
Surrey
RH3 7LA
7 March 2024
JSBL Property Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
618,435
571,521
Investment property
927,600
927,600
Cash at bank and in hand
154
32,770
Creditors: amounts falling due within one year
(4,584)
(70,479)
Net current assets
125,084
77,845
Total assets less current liabilities
1,671,119
1,576,966
Creditors: amounts falling due after more than one year
(1,672,162)
(1,613,412)
Net liabilities
(1,043)
(36,446)
Called up share capital
100
100
Profit and loss account
(1,143)
(36,546)
Shareholders' funds
(1,043)
(36,446)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by
John Richard Hammond
Director
Company Registration No. 13641643
JSBL Property Ltd
Notes to the Accounts
for the year ended 31 October 2023
JSBL Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 13641643. The registered office is Oaktree House, Wheelers Lane, Brockham, Betchworth, Surrey, RH3 7LA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 is included at cost, which the director's believe to be a fair market value. Future gains will be recognised in the income statement.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25 years straight line
JSBL Property Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings
At 1 November 2022
571,521
At 31 October 2023
642,526
Charge for the year
24,091
At 31 October 2023
618,435
At 31 October 2022
571,521
Fair value at 1 November 2022
927,600
At 31 October 2023
927,600
The investment property is valued at the purchase price, which the director's consider to be a fair market value.
Amounts falling due within one year
Other debtors
129,514
10,000
7
Creditors: amounts falling due within one year
2023
2022
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
1,672,162
1,613,412
JSBL Property Ltd
Notes to the Accounts
for the year ended 31 October 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
The Other debtor balance due within one year represents funds lent to JSBL Ventures Ltd, a company owned by the owners of this company.
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).