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REGISTERED NUMBER: 14222769 (England and Wales)



















TRIPLE J DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

8 JULY 2022 TO 31 JULY 2023






TRIPLE J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14222769)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 8 JULY 2022 TO 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRIPLE J DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 8 JULY 2022 TO 31 JULY 2023







DIRECTORS: Ms Oi Jing Fiona Luk
Ho Sin Shu





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 14222769 (England and Wales)





ACCOUNTANTS: Whitelaw Wells
Chartered Accountants
9 Royal Crescent
Glasgow
G3 7SP

TRIPLE J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14222769)

BALANCE SHEET
31 JULY 2023

Notes £    £   
FIXED ASSETS
Investment property 4 150,490

CURRENT ASSETS
Debtors 5 1,010
Cash at bank 4,910
5,920
CREDITORS
Amounts falling due within one year 6 158,292
NET CURRENT LIABILITIES (152,372 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,882

)

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (1,884 )
(1,882 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

TRIPLE J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14222769)

BALANCE SHEET - continued
31 JULY 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 7 March 2024 and were signed on its behalf by:




Ms Oi Jing Fiona Luk - Director



Ho Sin Shu - Director


TRIPLE J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14222769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 8 JULY 2022 TO 31 JULY 2023


1. STATUTORY INFORMATION

Triple J Developments 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 and revenue recognition
The turnover shown in the profit and loss account represents the rental income receivable for the period. Income is recognised on the basis of rent due for the period.

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.

Investment properties are shown at their fair value. The surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market is not considered to be permanent.

This is in accordance with FRS 102 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve together with the fair value movement.

Financial instruments
Basic financial instruments such as cash, debtors and creditors are measured at transaction price. Financial liabilities classified as payable within one year are not amortised.

Taxation
Taxation for the period 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.


TRIPLE J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14222769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 8 JULY 2022 TO 31 JULY 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 period 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 period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 150,490
At 31 July 2023 150,490
NET BOOK VALUE
At 31 July 2023 150,490

The directors consider the cost of the property to be an accurate valuation at the period end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Deferred tax asset 442
Prepayments and accrued income 568
1,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Directors' current accounts 157,753
Accrued expenses 539
158,292

The loan from directors is repayable on demand and interest free.

TRIPLE J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14222769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 8 JULY 2022 TO 31 JULY 2023


7. RELATED PARTY DISCLOSURES

The loan balance due to the directors amounted to £157,753 at the period end.