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REGISTERED NUMBER: 11384686 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 May 2023

for

JANIC PROPERTIES LIMITED

JANIC PROPERTIES LIMITED (REGISTERED NUMBER: 11384686)






Contents of the Financial Statements
for the Year Ended 30 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JANIC PROPERTIES LIMITED

Company Information
for the Year Ended 30 May 2023







DIRECTORS: Mrs J P Atkins
I Wilkinson
Mrs C J Wilkinson





REGISTERED OFFICE: C/o Cesson Accounting Services Ltd
33 Cesson Close
Chipping Sodbury
Bristol
South Gloucestershir
BS37 6NJ





REGISTERED NUMBER: 11384686 (England and Wales)





ACCOUNTANT: Grahame J Harbour Limited
1 Windrush Road
Keynsham
Bristol
Avon
BS31 1QL

JANIC PROPERTIES LIMITED (REGISTERED NUMBER: 11384686)

Balance Sheet
30 May 2023

30.5.23 30.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 370,591 378,409

CURRENT ASSETS
Cash at bank 615 789

CREDITORS
Amounts falling due within one year 5 361 361
NET CURRENT ASSETS 254 428
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,845

378,837

CREDITORS
Amounts falling due after more than one
year

6

423,938

425,638
NET LIABILITIES (53,093 ) (46,801 )

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings (53,096 ) (46,804 )
SHAREHOLDERS' FUNDS (53,093 ) (46,801 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:



Mrs J P Atkins - Director


JANIC PROPERTIES LIMITED (REGISTERED NUMBER: 11384686)

Notes to the Financial Statements
for the Year Ended 30 May 2023

1. STATUTORY INFORMATION

Janic Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Refurbishment costs - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

JANIC PROPERTIES LIMITED (REGISTERED NUMBER: 11384686)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023

4. TANGIBLE FIXED ASSETS
Freehold Refurbishment
property costs Totals
£    £    £   
COST
At 31 May 2022
and 30 May 2023 326,026 86,889 412,915
DEPRECIATION
At 31 May 2022 - 34,506 34,506
Charge for year - 7,818 7,818
At 30 May 2023 - 42,324 42,324
NET BOOK VALUE
At 30 May 2023 326,026 44,565 370,591
At 30 May 2022 326,026 52,383 378,409

Included in cost of land and buildings is freehold land of £ 326,026 (2022 - £ 326,026 ) which is not depreciated.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.23 30.5.22
£    £   
Other creditors 361 361

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.5.23 30.5.22
£    £   
Other creditors 423,938 425,638

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 255,050 235,050

7. SECURED DEBTS

The mortgage has been secured on the freehold premises.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.5.23 30.5.22
value: £    £   
3 Ordinary £1 3 3