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REGISTERED NUMBER: 03778463 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

J. AND H. PROPERTY MANAGEMENT LIMITED

J. AND H. PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03778463)






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


J. AND H. PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mrs M A Bairstow
Mr. A R Bairstow





REGISTERED OFFICE: Unit 3 Airedale Park
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ





REGISTERED NUMBER: 03778463 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

J. AND H. PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03778463)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 562,549 610,136
Investment property 5 7,636,125 7,636,125
8,198,674 8,246,261

CURRENT ASSETS
Debtors 6 121,714 84,085
Cash at bank 7,293 10,455
129,007 94,540
CREDITORS
Amounts falling due within one year 7 935,053 982,992
NET CURRENT LIABILITIES (806,046 ) (888,452 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,392,628

7,357,809

CREDITORS
Amounts falling due after more than
one year

8

3,859,658

4,117,116
NET ASSETS 3,532,970 3,240,693

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 1,821,671 1,821,671
Profit and loss account 1,711,297 1,419,020
3,532,970 3,240,693

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.

J. AND H. PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03778463)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr. A R Bairstow - Director


J. AND H. PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03778463)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

J. And H. Property Management 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is measured on the original cost of the asset.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 5% straight line on cost
Fixtures and fittings - 15% 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 Profit and Loss Account, 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.

J. AND H. PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03778463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

INCOME RECOGNITION
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured in as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 1 739,777 26,495 - 766,273
Additions - - - 54,046 54,046
At 31 October 2023 1 739,777 26,495 54,046 820,319
DEPRECIATION
At 1 November 2022 - 132,217 23,920 - 156,137
Charge for year - 87,734 387 13,512 101,633
At 31 October 2023 - 219,951 24,307 13,512 257,770
NET BOOK VALUE
At 31 October 2023 1 519,826 2,188 40,534 562,549
At 31 October 2022 1 607,560 2,575 - 610,136

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 7,636,125
NET BOOK VALUE
At 31 October 2023 7,636,125
At 31 October 2022 7,636,125

J. AND H. PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03778463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2017 3,926,619
Valuation in 2018 364,109
Valuation in 2019 (15,728 )
Valuation in 2021 1,125,000
Valuation in 2022 2,236,125
7,636,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,331 8,991
Amounts owed by related parties 60,246 59,543
Other debtors 52,137 15,551
121,714 84,085

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 198,194 189,709
Hire purchase contracts (see note 10) 99,078 47,066
Trade creditors 13,960 17,255
Amounts owed to related parties 591,149 679,157
Taxation and social security 21,945 37,961
Other creditors 10,727 11,844
935,053 982,992

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 3,371,061 3,569,254
Hire purchase contracts (see note 10) 488,597 547,862
3,859,658 4,117,116

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 121,571

J. AND H. PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03778463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 198,194 189,709

Amounts falling due between one and two years:
Bank loans - 1-2 years 208,073 198,194

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,162,988 3,371,060

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 99,078 47,066
Between one and five years 488,597 426,291
In more than five years - 121,571
587,675 594,928

Non-cancellable operating leases
2023 2022
£    £   
Within one year 7,674 7,674
Between one and five years 23,021 30,695
30,695 38,369

J. AND H. PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03778463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,569,255 3,758,963

The company has bank loans totalling: £3,543,422 (2022: £3,723,130) which are secured by charges on the company's investment properties.

The company has a bounce back loan of £25,833 (2022: £35,833) which is unsecured but it is supported by a government guarantee.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mrs M A Bairstow and Mr. A R Bairstow
Balance outstanding at start of year - -
Amounts advanced 28,390 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,390 -

13. RELATED PARTY DISCLOSURES

PFF Packaging Limited pay rent to J. and H. Property Management Limited of £320,000 (2022: £320,000) for the year.

Debtors falling due within one year includes £38,389 (2022: £38,389) owed by Fetera Limited. It also includes £21,857 (2022: £21,154) owed by Keighley Management Limited.

Creditors falling due within one year includes the following directors' loans. A Bairstow and M Bairstow £1,110 (2021: £989).It also includes £591,149 (2022: £679,157) owed to PFF Packaging Limited.