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Registration number: 12049066

JHK Estates Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2023

 

JHK Estates Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Balance Sheet

4 to 5

Notes to the Unaudited Abridged Financial Statements

6 to 8

 

JHK Estates Limited

Company Information

Directors

Mr Tse Kit Ng

Mr Tsz Shing Kwan

Mr Gar Yee Hubert Tam

Registered office

11 Westgate
Wetherby
LS22 6LL

Accountants

SDN Accountancy Limited
52 Park Road
Askern
Doncaster
DN6 0BA

 

JHK Estates Limited

Directors' Report for the Year Ended 30 June 2023

The directors present their report and the abridged financial statements for the year ended 30 June 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr Tse Kit Ng

Mr Tsz Shing Kwan

Mr Gar Yee Hubert Tam

Principal activity

The principal activity of the company is Letting of property

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 26 March 2024 and signed on its behalf by:
 

.........................................
Mr Tse Kit Ng
Director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
JHK Estates Limited
for the Year Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JHK Estates Limited for the year ended 30 June 2023 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Accounting Technicians (AAT) we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of JHK Estates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of JHK Estates Limited and state those matters that we have agreed to state to the Board of Directors of JHK Estates Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JHK Estates Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that JHK Estates Limited 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 JHK Estates Limited. You consider that JHK Estates 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 accounts of JHK Estates 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 accounts.

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

SDN Accountancy Limited
52 Park Road
Askern
Doncaster
DN6 0BA

26 March 2024

 

JHK Estates Limited

(Registration number: 12049066)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

189,677

189,677

Current assets

 

Cash at bank and in hand

 

16,897

18,686

Creditors: Amounts falling due within one year

(90,996)

(99,683)

Net current liabilities

 

(74,099)

(80,997)

Total assets less current liabilities

 

115,578

108,680

Creditors: Amounts falling due after more than one year

(125,175)

(125,162)

Accruals and deferred income

 

(4,030)

(2,857)

Net liabilities

 

(13,627)

(19,339)

Capital and reserves

 

Called up share capital

5

3

3

Retained earnings

(13,630)

(19,342)

Shareholders' deficit

 

(13,627)

(19,339)

For the financial year ending 30 June 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 26 March 2024 and signed on its behalf by:
 

 

JHK Estates Limited

(Registration number: 12049066)
Abridged Balance Sheet as at 30 June 2023

.........................................
Mr Tse Kit Ng
Director

 

JHK Estates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

1

General information

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

The address of its registered office is:
11 Westgate
Wetherby
LS22 6LL

The principal place of business is:
6 Woodside Terrace
Burley
LS4 2QT

These financial statements were authorised for issue by the Board on 26 March 2024.

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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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.

 

JHK Estates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

JHK Estates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2022

189,677

189,677

At 30 June 2023

189,677

189,677

Depreciation

Carrying amount

At 30 June 2023

189,677

189,677

At 30 June 2022

189,677

189,677

Included within the net book value of land and buildings above is £189,677 (2022 - £189,677) in respect of freehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

3

3

3

3