Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseOther letting and operating of own or leased real estate33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13426806 2022-06-01 2023-05-31 13426806 2021-05-28 2022-05-31 13426806 2023-05-31 13426806 2022-05-31 13426806 1 2022-06-01 2023-05-31 13426806 d:Director2 2022-06-01 2023-05-31 13426806 e:LeaseholdInvestmentProperty 2022-06-01 2023-05-31 13426806 e:LeaseholdInvestmentProperty 2023-05-31 13426806 e:LeaseholdInvestmentProperty 2022-05-31 13426806 e:LeaseholdInvestmentProperty 2 2022-06-01 2023-05-31 13426806 e:CurrentFinancialInstruments 2023-05-31 13426806 e:CurrentFinancialInstruments 2022-05-31 13426806 e:Non-currentFinancialInstruments 2023-05-31 13426806 e:Non-currentFinancialInstruments 2022-05-31 13426806 e:CurrentFinancialInstruments e:WithinOneYear 2023-05-31 13426806 e:CurrentFinancialInstruments e:WithinOneYear 2022-05-31 13426806 e:Non-currentFinancialInstruments e:AfterOneYear 2023-05-31 13426806 e:Non-currentFinancialInstruments e:AfterOneYear 2022-05-31 13426806 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2023-05-31 13426806 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2022-05-31 13426806 e:ShareCapital 2023-05-31 13426806 e:ShareCapital 2021-05-28 2022-05-31 13426806 e:ShareCapital 2022-05-31 13426806 e:InvestmentPropertiesRevaluationReserve 2022-06-01 2023-05-31 13426806 e:InvestmentPropertiesRevaluationReserve 2023-05-31 13426806 e:InvestmentPropertiesRevaluationReserve 1 2022-06-01 2023-05-31 13426806 e:InvestmentPropertiesRevaluationReserve 2021-05-28 2022-05-31 13426806 e:InvestmentPropertiesRevaluationReserve 2022-05-31 13426806 e:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 13426806 e:RetainedEarningsAccumulatedLosses 2023-05-31 13426806 e:RetainedEarningsAccumulatedLosses 1 2022-06-01 2023-05-31 13426806 e:RetainedEarningsAccumulatedLosses 2021-05-28 2022-05-31 13426806 e:RetainedEarningsAccumulatedLosses 2022-05-31 13426806 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 13426806 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-05-31 13426806 e:FinancialLiabilitiesFairValueThroughProfitOrLoss e:UnlistedNon-exchangeTraded 2023-05-31 13426806 e:FinancialLiabilitiesFairValueThroughProfitOrLoss e:UnlistedNon-exchangeTraded 2022-05-31 13426806 e:AcceleratedTaxDepreciationDeferredTax 2023-05-31 13426806 e:AcceleratedTaxDepreciationDeferredTax 2022-05-31 13426806 d:FRS102 2022-06-01 2023-05-31 13426806 d:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 13426806 d:FullAccounts 2022-06-01 2023-05-31 13426806 d:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13426806 f:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number:  13426806














JDT PROPERTY INVESTMENT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


 
JDT PROPERTY INVESTMENT LIMITED
REGISTERED NUMBER: 13426806

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
566,000
520,117

  
566,000
520,117

Current assets
  

Debtors: amounts falling due within one year
 5 
450
1,022

Cash at bank and in hand
 6 
61,920
7,027

  
62,370
8,049

Creditors: amounts falling due within one year
 7 
(173,339)
(157,905)

Net current liabilities
  
 
 
(110,969)
 
 
(149,856)

Total assets less current liabilities
  
455,031
370,261

Creditors: amounts falling due after more than one year
 8 
(405,000)
(374,900)

Provisions for liabilities
  

Deferred tax
  
(8,575)
-

  
 
 
(8,575)
 
 
-

Net assets/(liabilities)
  
41,456
(4,639)


Capital and reserves
  

Called up share capital 
  
200
200

Investment property reserve
  
36,558
-

Profit and loss account
  
4,698
(4,839)

  
41,456
(4,639)


Page 1

 
JDT PROPERTY INVESTMENT LIMITED
REGISTERED NUMBER: 13426806
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Klin
Director

Date: 22 February 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
JDT PROPERTY INVESTMENT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2023


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£



Loss for the period
-
-
(4,839)
(4,839)

Shares issued during the period
200
-
-
200


Total transactions with owners
200
-
-
200



At 1 June 2022
200
-
(4,839)
(4,639)



Profit for the year
-
-
962
962

Revaluation of investment property
-
45,133
-
45,133

Transfer to/from profit and loss account
-
-
8,575
8,575

Transfer between other reserves
-
(8,575)
-
(8,575)


At 31 May 2023
200
36,558
4,698
41,456


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act
2006 and registered in England and Wales (no.13426806). The address of the registered office is The
Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.
These financial statements present information about the company as an individual undertaking. The
principal activity of the company during the year was that of property rental.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 June 2022
520,117


Additions at cost
750


Surplus on revaluation
45,133



At 31 May 2023
566,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
520,117
520,117

Accumulated depreciation and impairments
(20,805)
(10,402)

499,312
509,715


5.


Debtors

2023
2022
£
£


Trade debtors
250
72

Other debtors
200
950

450
1,022


Page 7

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
61,920
7,027

61,920
7,027



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,166
-

Other creditors
156,444
156,627

Accruals and deferred income
15,729
1,278

173,339
157,905



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
405,000
374,900

405,000
374,900


The following liabilities were secured:

2023
2022
£
£



Bank Loan
405,000
374,900

405,000
374,900

Details of security provided:

The bank loans are secured by fixed and floating charges held against the investment properties owned by the company. 

Page 8

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
405,000
374,900

405,000
374,900



10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
61,920
7,977

Financial assets measured at amortised cost
1,200
72

63,120
8,049


Financial liabilities


Financial liabilities measured at amortised cost
561,444
532,805


Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


Financial assets measured at amortised cost comprise of trade debtors and other debtors.


Financial liabilities measured at amortised cost comprise of bank overdrafts, bank loans, other loans,
trade creditors, other creditors and accruals.


11.


Deferred taxation




2023


£






Charged to profit or loss
(8,575)



At end of year
(8,575)

Page 9

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
 
11.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Unrealised capital gains
(8,575)
-

(8,575)
-


12.


Reserves

Investment property revaluation reserve

Relates to the revaluation of the freehold property in current and prior periods.

Profit and loss account

Retained earnings includes all current and prior period profits and losses less dividends paid.


13.


Related party transactions

Included in other creditors is an amount of £156,444 (2022: £156,627) owed to the directors, no interest has been charged on the loan and it is repayable on demand. 


14.


Controlling party

The company is under the control of the directors.

 
Page 10