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REGISTERED NUMBER: NI621032 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

JB PROPERTIES (NI) LTD

JB PROPERTIES (NI) LTD (REGISTERED NUMBER: NI621032)

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

Report of the Accountants 6

JB PROPERTIES (NI) LTD

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2023







DIRECTORS: Mr B R Keys
Mrs J R Keys



SECRETARY: Mrs J R Keys



REGISTERED OFFICE: Rockwood House
Drumbulcan
Ballinamallard
Enniskillen
Co. Fermanagh
BT94 2DX



REGISTERED NUMBER: NI621032 (Northern Ireland)



ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: Danske Bank
Omagh Finance Centre
5-7 Market Street
Omagh
Co. Tyrone
BT78 1BN

JB PROPERTIES (NI) LTD (REGISTERED NUMBER: NI621032)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 50,020 50,020
Investment property 5 815,653 815,653
865,673 865,673

CURRENT ASSETS
Debtors 6 12,159 8,637
Cash at bank 30,652 25,600
42,811 34,237
CREDITORS
Amounts falling due within one year 7 740,654 747,217
NET CURRENT LIABILITIES (697,843 ) (712,980 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,830

152,693


CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 167,730 152,593
SHAREHOLDERS' FUNDS 167,830 152,693
167,830 152,693

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.

JB PROPERTIES (NI) LTD (REGISTERED NUMBER: NI621032)

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 24 July 2024 and were signed on its behalf by:





Mr B R Keys - Director


JB PROPERTIES (NI) LTD (REGISTERED NUMBER: NI621032)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023


1. STATUTORY INFORMATION

JB Properties (NI) Ltd is a private company, limited by shares , registered in Northern Ireland. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

JB PROPERTIES (NI) LTD (REGISTERED NUMBER: NI621032)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 50,020
NET BOOK VALUE
At 31 October 2023 50,020
At 31 October 2022 50,020

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 815,653
NET BOOK VALUE
At 31 October 2023 815,653
At 31 October 2022 815,653

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 8,209 6,658
Other debtors 3,950 1,979
12,159 8,637

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax 13,577 8,103
Other creditors 86,857 69,942
Directors' current accounts 636,810 665,910
Accrued expenses 3,410 3,262
740,654 747,217

JB PROPERTIES (NI) LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
JB PROPERTIES (NI) LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages one to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


24 July 2024