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REGISTERED NUMBER: 13627048 (England and Wales)



















JZ REAL ESTATE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2023






JZ REAL ESTATE LTD (REGISTERED NUMBER: 13627048)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JZ REAL ESTATE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Jinming Zhang





REGISTERED OFFICE: 20-22 Wenlock Road
London
NI 7GU





REGISTERED NUMBER: 13627048 (England and Wales)





ACCOUNTANTS: Whitelaw Wells
Chartered Accountants
9 Royal Crescent
Glasgow
G3 7SP

JZ REAL ESTATE LTD (REGISTERED NUMBER: 13627048)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 14,250 7,217
Investment property 4 2,022,836 2,022,836
2,037,086 2,030,053

CURRENT ASSETS
Debtors 5 14,203 10,578
Cash at bank 15,259 32,766
29,462 43,344
CREDITORS
Amounts falling due within one year 6 2,035,110 2,052,929
NET CURRENT LIABILITIES (2,005,648 ) (2,009,585 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,438

20,468

PROVISIONS FOR LIABILITIES 1,557 -
NET ASSETS 29,881 20,468

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 29,880 20,467
29,881 20,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

JZ REAL ESTATE LTD (REGISTERED NUMBER: 13627048)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 17 April 2024 and were signed by:





Jinming Zhang - Director


JZ REAL ESTATE LTD (REGISTERED NUMBER: 13627048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. 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 and revenue recognition
The turnover shown in the profit and loss account represents the rental income receivable for the year. Income is recognised on the basis of rent due for the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment and Fittings - 15% on cost
Motor vehicles - 20% on cost

Investment property
Investment properties are shown at their fair value. The surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market is not considered to be permanent.

This is in accordance with FRS 102 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve together with the fair value movement.

Financial instruments
Basic financial instruments such as cash, debtors and creditors are measured at transaction price. Financial liabilities classified as payable within one year are not amortised.

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.


JZ REAL ESTATE LTD (REGISTERED NUMBER: 13627048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

3. TANGIBLE FIXED ASSETS
Equipment
and Motor
Fittings vehicles Totals
£    £    £   
COST
At 1 October 2022 7,762 - 7,762
Additions - 10,089 10,089
At 30 September 2023 7,762 10,089 17,851
DEPRECIATION
At 1 October 2022 545 - 545
Charge for year 1,164 1,892 3,056
At 30 September 2023 1,709 1,892 3,601
NET BOOK VALUE
At 30 September 2023 6,053 8,197 14,250
At 30 September 2022 7,217 - 7,217

JZ REAL ESTATE LTD (REGISTERED NUMBER: 13627048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 2,022,836
NET BOOK VALUE
At 30 September 2023 2,022,836
At 30 September 2022 2,022,836

The director considers the cost of the properties to be an accurate valuation at the year end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,200 9,770
Prepayments 5,003 808
14,203 10,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 218 490
Corporation Tax 906 5,084
Other creditors 9,200 11,070
Director's current account 1,997,917 2,017,122
Accrued expenses and prepaid income 26,869 19,163
2,035,110 2,052,929

The loan from director is repayable on demand and interest is charged.

7. RELATED PARTY DISCLOSURES

The loan balance due to the director amounted to £1,997,917 (2022: £2,017,122) at the period end.