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REGISTERED NUMBER: 10955656 (England and Wales)















JRB Renovations Ltd

Unaudited Financial Statements for the Year Ended 30 September 2023






JRB Renovations Ltd (Registered number: 10955656)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JRB Renovations Ltd

Company Information
for the Year Ended 30 September 2023







Directors: R Luther-Veitch
Mrs L M Luther-Veitch





Registered office: Meadow View
Hargham Road
Shropham
Norfolk
NR17 1DS





Registered number: 10955656 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

JRB Renovations Ltd (Registered number: 10955656)

Statement of Financial Position
30 September 2023

30/9/23 30/9/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 107 159
Investment property 5 410,000 410,000
410,107 410,159

Current assets
Debtors 6 1,500 1,050
Cash at bank 73,571 21,388
75,071 22,438
Creditors
Amounts falling due within one year 7 220,753 171,980
Net current liabilities (145,682 ) (149,542 )
Total assets less current liabilities 264,425 260,617

Creditors
Amounts falling due after more than one
year

8

(160,680

)

(160,680

)

Provisions for liabilities (18,239 ) (18,239 )
Net assets 85,506 81,698

Capital and reserves
Called up share capital 100 100
Revaluation reserve 9 86,524 86,524
Retained earnings (1,118 ) (4,926 )
Shareholders' funds 85,506 81,698

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 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.

JRB Renovations Ltd (Registered number: 10955656)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:




Mrs L M Luther-Veitch - Director



R Luther-Veitch - Director


JRB Renovations Ltd (Registered number: 10955656)

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

1. Statutory information

JRB Renovations Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The directors feel that the investment properties values have not changed in the last financial year £410,000 at 30th September 2023 (£410,000 at 30th September 2022), from their initial purchase costs of £314,008 at 30th September 2021 ,(£220,531 at 30th September 2020.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.


JRB Renovations Ltd (Registered number: 10955656)

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

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2022 - 2 ) .

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 October 2022
and 30 September 2023 1,174
Depreciation
At 1 October 2022 1,015
Charge for year 52
At 30 September 2023 1,067
Net book value
At 30 September 2023 107
At 30 September 2022 159

5. Investment property
Total
£   
Cost or valuation
At 1 October 2022
and 30 September 2023 410,000
Net book value
At 30 September 2023 410,000
At 30 September 2022 410,000

The Directors feel the investment property values at 30th September have increased to £410,000 from their initial cost prices of £314,008

JRB Renovations Ltd (Registered number: 10955656)

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

5. Investment property - continued

Cost or valuation at 30 September 2023 is represented by:
£   
Valuation in 2019 220,531
Valuation in 2020 9,469
Valuation in 2021 170,000
Valuation in 2022 10,000
410,000

If the Investment properties had not been revalued they would have been included at the following historical cost:

30/9/23 30/9/22
£    £   
Cost 314,008 314,008

Investment properties were valued on an open market basis on 29 February 2024 by the directors .

6. Debtors: amounts falling due within one year
30/9/23 30/9/22
£    £   
Trade debtors 1,050 1,050
Other debtors 450 -
1,500 1,050

7. Creditors: amounts falling due within one year
30/9/23 30/9/22
£    £   
Trade creditors 1,250 1,050
Taxation and social security 2,078 1,647
Other creditors 217,425 169,283
220,753 171,980

8. Creditors: amounts falling due after more than one year
30/9/23 30/9/22
£    £   
Bank loans 160,680 160,680

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 160,680 160,680

9. Reserves
Revaluatio
reserve
£   
At 1 October 2022
and 30 September 2023 86,524

JRB Renovations Ltd (Registered number: 10955656)

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

10. Related party disclosures

Included in other creditors is £215,196, (2022 £168,074) interest free loans from the directors.