FJDR Property Ltd 12203978 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is that of the property investment. Digita Accounts Production Advanced 6.30.9574.0 true 12203978 2022-09-01 2023-08-31 12203978 2023-08-31 12203978 core:CurrentFinancialInstruments 2023-08-31 12203978 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12203978 core:Non-currentFinancialInstruments 2023-08-31 12203978 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 12203978 bus:SmallEntities 2022-09-01 2023-08-31 12203978 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 12203978 bus:FullAccounts 2022-09-01 2023-08-31 12203978 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12203978 bus:RegisteredOffice 2022-09-01 2023-08-31 12203978 bus:Director1 2022-09-01 2023-08-31 12203978 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12203978 countries:England 2022-09-01 2023-08-31 12203978 2022-08-31 12203978 2021-09-01 2022-08-31 12203978 2022-08-31 12203978 core:CurrentFinancialInstruments 2022-08-31 12203978 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 12203978 core:Non-currentFinancialInstruments 2022-08-31 12203978 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 12203978

FJDR Property Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

FJDR Property Ltd

(Registration number: 12203978)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

941,134

941,134

Current assets

 

Debtors

5

379

292

Cash at bank and in hand

 

5,730

7,993

 

6,109

8,285

Creditors: Amounts falling due within one year

6

(285,231)

(281,010)

Net current liabilities

 

(279,122)

(272,725)

Total assets less current liabilities

 

662,012

668,409

Creditors: Amounts falling due after more than one year

6

(683,663)

(683,663)

Net liabilities

 

(21,651)

(15,254)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(21,751)

(15,354)

Shareholders' deficit

 

(21,651)

(15,254)

For the financial 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.

Director's 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 director acknowledges her 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 April 2024
 

.........................................
Mrs D F Rankin
Director

   
     
 

FJDR Property Ltd

Notes to the Financial Statements for the Year Ended 31 August 2023

1

General information

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

The address of its registered office is:
1 The Long Barn Mews
Ketton
Nr Stamford
Rutland
PE9 3TP

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 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 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.

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

 

FJDR Property Ltd

Notes to the Financial Statements for the Year Ended 31 August 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

3

Staff numbers

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

 

FJDR Property Ltd

Notes to the Financial Statements for the Year Ended 31 August 2023

4

Investment properties

2023
£

At 1 September

941,134

At 31 August

941,134

The properties are measured at fair value by the director and any gain or loss arising is charged to the profit and loss account.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2023
£

2022
£

Prepayments

379

292

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other creditors

 

285,231

281,010

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

683,663

683,663

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

683,663

683,663