J & J MOWBRAY PROPERTIES LIMITED

Company Registration Number:
NI064491 (Northern Ireland)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

J & J MOWBRAY PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Additional notes
Balance sheet notes

J & J MOWBRAY PROPERTIES LIMITED

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 720,000 720,000
Total fixed assets: 720,000 720,000
Current assets
Debtors: 4 6,189 3,788
Cash at bank and in hand: 110,931 105,924
Total current assets: 117,120 109,712
Creditors: amounts falling due within one year: 5 ( 687,478 ) ( 697,531 )
Net current assets (liabilities): (570,358) (587,819)
Total assets less current liabilities: 149,642 132,181
Total net assets (liabilities): 149,642 132,181
Capital and reserves
Called up share capital: 1 1
Other reserves: (43,612) (43,612 )
Profit and loss account: 193,253 175,792
Total Shareholders' funds: 149,642 132,181

The notes form part of these financial statements

J & J MOWBRAY PROPERTIES LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: Joseph Mowbray
Status: Director

The notes form part of these financial statements

J & J MOWBRAY PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration receivable net of VAT and discounts. The policy adopted for the recognition of turnover is as follows:Rental IncomeRental income is recognised when the right to receive payment is established.

    Other accounting policies

    Debtors and creditors receivable/payable within one yearDebtors and creditors with no stated interest rate and which are receivable or payable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the Profit and Loss account in other adminstrative expenses.Loans and borrowingsLoans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.Investment propertiesInvestment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the Profit and Loss account.TaxationThe charge for taxation is based on the results for the period and takes into account taxation deferred because of timing difference between the treatment of certain items for taxation and accounting purposes.Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the reporting date. Provision is made at the rates expected to apply when the timing differences reverse. Timing differences are differences between the company's taxable profits and it results as stated in the financial statements that arise from the inclusion of gains and losses in taxable profits different from those in which they are recognised in the financial statements.

J & J MOWBRAY PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

J & J MOWBRAY PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 720,000 720,000
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 720,000 720,000
Depreciation
At 1 May 2023
Charge for year
On disposals
Other adjustments
At 30 April 2024
Net book value
At 30 April 2024 720,000 720,000
At 30 April 2023 720,000 720,000

Land and buildings relates to investment properties.

J & J MOWBRAY PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Trade debtors 3,500 3,500
Prepayments and accrued income 2,689 288
Total 6,189 3,788

J & J MOWBRAY PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 685,678 695,731
Accruals and deferred income 1,800 1,800
Total 687,478 697,531