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REGISTERED NUMBER: 10742509 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

JTD Property Limited

JTD Property Limited (Registered number: 10742509)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JTD Property Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr R N B Ewens
Mr R W Jagger
Mr A J Sharkey





REGISTERED OFFICE: 201 New Mill Road
Brockholes
Holmfirth
HD9 7AL





REGISTERED NUMBER: 10742509 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

JTD Property Limited (Registered number: 10742509)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,915 8,698
Investment property 5 2,274,289 1,957,885
2,281,204 1,966,583

CURRENT ASSETS
Debtors 6 798 725
Cash at bank 11,481 14,699
12,279 15,424
CREDITORS
Amounts falling due within one year 7 397,414 315,069
NET CURRENT LIABILITIES (385,135 ) (299,645 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,896,069

1,666,938

CREDITORS
Amounts falling due after more than one
year

8

(1,343,502

)

(1,130,232

)

PROVISIONS FOR LIABILITIES (90,991 ) (66,120 )
NET ASSETS 461,576 470,586

CAPITAL AND RESERVES
Called up share capital 100 100
Non- distributable reserves 278,534 300,817
Retained earnings 182,942 169,669
SHAREHOLDERS' FUNDS 461,576 470,586

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

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

JTD Property Limited (Registered number: 10742509)

Balance Sheet - continued
31 October 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 26 July 2024 and were signed on its behalf by:





Mr A J Sharkey - Director


JTD Property Limited (Registered number: 10742509)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

JTD Property 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. Financial assets classified as receivable in one year are not amortised.


JTD Property Limited (Registered number: 10742509)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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).

JTD Property Limited (Registered number: 10742509)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 November 2022
and 31 October 2023 25,505 2,550 28,055
DEPRECIATION
At 1 November 2022 17,148 2,209 19,357
Charge for year 1,671 112 1,783
At 31 October 2023 18,819 2,321 21,140
NET BOOK VALUE
At 31 October 2023 6,686 229 6,915
At 31 October 2022 8,357 341 8,698

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 November 2022 1,957,885
Additions 316,404
At 31 October 2023 2,274,289
NET BOOK VALUE
At 31 October 2023 2,274,289
At 31 October 2022 1,957,885

Fair value at 31 October 2023 is represented by:
£
Valuation in 2023 2,274,289

The directors have assessed the fair value of investment property. The valuation has been made on an open market basis by reference to similar properties. The original cost of all investment properties was £1,902,910 (2022 - £1,586,507). The directors are satisfied with the valuation of investment property.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£ £
Prepayments and accrued income 798 725

JTD Property Limited (Registered number: 10742509)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£ £
Bank loans and overdrafts (see note 9) 104,500 54,500
Amounts owed to associates 219,728 204,384
VAT 17,000 -
Other creditors 53,186 53,185
Accrued expenses 3,000 3,000
397,414 315,069

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£ £
Bank loans (see note 9) 1,343,502 1,130,232

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 923,502 910,232

9. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£ £
Amounts falling due within one year or on demand:
Bank loans 104,500 54,500

Amounts falling due between two and five years:
Bank loans - 1 - 5 years 420,000 220,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 923,502 910,232

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£ £
Bank loans 1,448,002 1,184,732

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £219,728 (2022 - £204,384) to JTD Building Supplies Limited. The company also received £85,000 (2022 - £84,000) in rent from JTD Building Supplies Limited. The directors in JTD Property Limited are also directors in JTD Building Supplies Limited.

JTD Property Limited (Registered number: 10742509)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A J Sharkey.