Company Registration No. 9169656 (England and Wales)
JJAM Properties Ltd
Unaudited accounts
for the year ended 31 August 2023
JJAM Properties Ltd
Unaudited accounts
Contents
JJAM Properties Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
171,302
171,930
Cash at bank and in hand
19,101
24,082
Creditors: amounts falling due within one year
(29,343)
(21,272)
Net current assets
5,189
10,795
Total assets less current liabilities
176,491
182,725
Creditors: amounts falling due after more than one year
(182,588)
(182,588)
Net (liabilities)/assets
(6,097)
137
Called up share capital
100
100
Profit and loss account
(6,197)
37
Shareholders' funds
(6,097)
137
For the year ending 31 August 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 27 March 2024 and were signed on its behalf by
JM Edge
Director
Company Registration No. 9169656
JJAM Properties Ltd
Notes to the Accounts
for the year ended 31 August 2023
JJAM Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 9169656. The registered office is Barnhills, Cymau, Flintshire, LL11 5EW.
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 represents the value, net of discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
JJAM Properties Ltd
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 September 2022
168,788
18,374
187,162
At 31 August 2023
168,788
18,374
187,162
At 1 September 2022
-
15,232
15,232
Charge for the year
-
628
628
At 31 August 2023
-
15,860
15,860
At 31 August 2023
168,788
2,514
171,302
At 31 August 2022
168,788
3,142
171,930
Amounts falling due within one year
Trade debtors
15,431
7,208
Accrued income and prepayments
-
777
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
14,309
14,131
Deferred income
13,187
6,332
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
182,588
182,588
The company continues to trade with the goodwill of the directors who are the main creditors.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).