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REGISTERED NUMBER: 04785180 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2023

for

J I J Estates Limited

J I J Estates Limited (Registered number: 04785180)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J I J Estates Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: I A Fox
Mrs J L Robson
Mrs J M Fox





SECRETARY: Mrs J L Robson





REGISTERED OFFICE: 3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX





REGISTERED NUMBER: 04785180 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff LLP
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

J I J Estates Limited (Registered number: 04785180)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,968,793 1,665,520

CURRENT ASSETS
Debtors 5 238 129
Cash at bank and in hand 23,170 286,007
23,408 286,136
CREDITORS
Amounts falling due within one year 6 19,728 17,950
NET CURRENT ASSETS 3,680 268,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,972,473

1,933,706

CAPITAL AND RESERVES
Called up share capital 7 648 648
Fair value reserve 8 159,967 159,967
Retained earnings 1,811,858 1,773,091
SHAREHOLDERS' FUNDS 1,972,473 1,933,706

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.

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 6 March 2024 and were signed on its behalf by:





Mrs J M Fox - Director


J I J Estates Limited (Registered number: 04785180)

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

1. STATUTORY INFORMATION

J I J Estates 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 represents the total value of rents received during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Investment Properties
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Following a review by the Directors at the year end £1,968,467 reflects the fair value at 30 September 2023. The Directors assessed the properties using their overall knowledge of each property and the property condition combined with the appropriate rental yield multiple


Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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.


J I J Estates Limited (Registered number: 04785180)

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 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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Investment and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 1,665,000 1,899 1,502 1,668,401
Additions 303,467 - - 303,467
At 30 September 2023 1,968,467 1,899 1,502 1,971,868
DEPRECIATION
At 1 October 2022 - 1,897 984 2,881
Charge for year - - 194 194
At 30 September 2023 - 1,897 1,178 3,075
NET BOOK VALUE
At 30 September 2023 1,968,467 2 324 1,968,793
At 30 September 2022 1,665,000 2 518 1,665,520

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 238 129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 9,721 8,819
Other creditors 10,007 9,131
19,728 17,950

J I J Estates Limited (Registered number: 04785180)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
648 Ordinary £1 648 648

8. RESERVES
Fair
value
reserve
£   
At 1 October 2022
and 30 September 2023 159,967