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REGISTERED NUMBER: 07676973 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

JK HOUSING LIMITED

JK HOUSING LIMITED (REGISTERED NUMBER: 07676973)






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


JK HOUSING LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTOR: Mr J Khilosia





SECRETARY: Mrs T Khilosia





REGISTERED OFFICE: 12 Lincoln Close
Ashton Under Lyne
Lancashire
OL6 8BS





REGISTERED NUMBER: 07676973 (England and Wales)





ACCOUNTANTS: Moss and Williamson Limited
Chartered Accountants
11 Stamford Street
Stalybridge
Cheshire
SK15 1JP

JK HOUSING LIMITED (REGISTERED NUMBER: 07676973)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,376 10,027
Investment property 6 965,000 948,479
975,376 958,506

CURRENT ASSETS
Debtors 7 1,357 564
Cash at bank 117,163 75,564
118,520 76,128
CREDITORS
Amounts falling due within one year 8 756,444 757,917
NET CURRENT LIABILITIES (637,924 ) (681,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,452

276,717

CREDITORS
Amounts falling due after more than one
year

9

(1,583

)

(2,583

)

PROVISIONS FOR LIABILITIES (2,594 ) (1,905 )
NET ASSETS 333,275 272,229

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 16,521 -
Retained earnings 316,654 272,129
SHAREHOLDERS' FUNDS 333,275 272,229

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 director acknowledges his 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.

JK HOUSING LIMITED (REGISTERED NUMBER: 07676973)

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 director and authorised for issue on 23 July 2024 and were signed by:





Mr J Khilosia - Director


JK HOUSING LIMITED (REGISTERED NUMBER: 07676973)

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

1. STATUTORY INFORMATION

JK Housing 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents gross income from services and rentals.

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 - 20% on reducing balance
Computer equipment - 25% on reducing balance

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.

4. EMPLOYEES AND DIRECTORS

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

JK HOUSING LIMITED (REGISTERED NUMBER: 07676973)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 10,666 5,290 15,956
Additions - 3,265 3,265
At 31 October 2023 10,666 8,555 19,221
DEPRECIATION
At 1 November 2022 2,544 3,385 5,929
Charge for year 1,624 1,292 2,916
At 31 October 2023 4,168 4,677 8,845
NET BOOK VALUE
At 31 October 2023 6,498 3,878 10,376
At 31 October 2022 8,122 1,905 10,027

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 948,479
Revaluations 16,521
At 31 October 2023 965,000
NET BOOK VALUE
At 31 October 2023 965,000
At 31 October 2022 948,479

The director of the company is of the opinion that the revaluations used are based with due consideration to local market conditions and represent fair value.

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 16,521
Cost 948,479
965,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 1,357 564

JK HOUSING LIMITED (REGISTERED NUMBER: 07676973)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 1,000 1,000
Taxation and social security 10,840 10,610
Other creditors 744,604 746,307
756,444 757,917

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 1,583 2,583

10. RESERVES
Revaluation
reserve
£   
Revalue investment property 16,521

At 31 October 2023 16,521

11. RELATED PARTY DISCLOSURES

RELATED PARTY TRANSACTIONS

At the year end the company was indebted to the director in the sum of £742,324 (2022:£ 742,576).

There were no other related party transactions requiring disclosure.