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REGISTERED NUMBER: 04124288 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

J J & J ENTERPRISES LIMITED

J J & J ENTERPRISES LIMITED (REGISTERED NUMBER: 04124288)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J J & J ENTERPRISES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mohan Lal Sahni
Jaswinder Paul Sahni





SECRETARY: Mohan Lal Sahni





REGISTERED OFFICE: 3 Park Lane
Wednesbury
WS10 9PR





REGISTERED NUMBER: 04124288 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

J J & J ENTERPRISES LIMITED (REGISTERED NUMBER: 04124288)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,258 262,344
Investments 5 200 200
Investment property 6 470,801 300,801
610,259 563,345

CURRENT ASSETS
Debtors 7 964,537 935,682

CREDITORS
Amounts falling due within one year 8 230,754 307,928
NET CURRENT ASSETS 733,783 627,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,344,042

1,191,099

CREDITORS
Amounts falling due after more than one year 9 (586,152 ) (586,521 )

PROVISIONS FOR LIABILITIES 11 (62,783 ) -
NET ASSETS 695,107 604,578

CAPITAL AND RESERVES
Called up share capital 12 50,002 50,002
Revaluation reserve 13 - 106,919
Retained earnings 13 645,105 447,657
SHAREHOLDERS' FUNDS 695,107 604,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 J & J ENTERPRISES LIMITED (REGISTERED NUMBER: 04124288)

Balance Sheet - continued
31 March 2024


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 30 July 2024 and were signed on its behalf by:





Mohan Lal Sahni - Director


J J & J ENTERPRISES LIMITED (REGISTERED NUMBER: 04124288)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

J J & J Enterprises 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.
Short leasehold - 15% on reducing balance
Improvements to property - 10% on cost
Motor vehicles - 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.

Holiday pay
Holiday pay is paid in the period in which the service is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

J J & J ENTERPRISES LIMITED (REGISTERED NUMBER: 04124288)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to Motor
property leasehold property vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 250,000 9,840 16,354 29,265 305,459
Disposals (191,873 ) - - - (191,873 )
Revaluations 71,873 - - - 71,873
At 31 March 2024 130,000 9,840 16,354 29,265 185,459
DEPRECIATION
At 1 April 2023 - 9,840 16,354 16,921 43,115
Charge for year - - - 3,086 3,086
At 31 March 2024 - 9,840 16,354 20,007 46,201
NET BOOK VALUE
At 31 March 2024 130,000 - - 9,258 139,258
At 31 March 2023 250,000 - - 12,344 262,344

Cost or valuation at 31 March 2024 is represented by:

Improvements
Freehold Short to Motor
property leasehold property vehicles Totals
£    £    £    £    £   
Valuation in 2024 71,873 - - - 71,873
Cost 58,127 9,840 16,354 29,265 113,586
130,000 9,840 16,354 29,265 185,459

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2023
and 31 March 2024 200
NET BOOK VALUE
At 31 March 2024 200
At 31 March 2023 200

J J & J ENTERPRISES LIMITED (REGISTERED NUMBER: 04124288)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Church Pharma (Bilston) Ltd
Registered office: 43A - 45 Church St Bilston United Kingdom WV14 0AX
Nature of business: Dispensing chemist in specialised stores
%
Class of shares: holding
Ordinary A 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 217,821 208,102
Profit for the year 99,719 140,764

Park Lane Pharma (Wednesbury) Ltd
Registered office: 3 Park Lane Wednesbury United Kingdom WS10 9PR
Nature of business: Dispensing chemist in specialised stores
%
Class of shares: holding
Ordinary A 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 116,630 57,484
Profit for the year 59,146 50,446

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 300,801
Revaluations 170,000
At 31 March 2024 470,801
NET BOOK VALUE
At 31 March 2024 470,801
At 31 March 2023 300,801

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 170,000
Cost 300,801
470,801

J J & J ENTERPRISES LIMITED (REGISTERED NUMBER: 04124288)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 963,430 935,077
VAT 2 2
Prepayments 1,105 603
964,537 935,682

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 111,280 96,399
Trade creditors 22 -
Amounts owed to group undertakings 17,985 134,720
Corporation Tax 23,802 2,112
Other creditors 53,686 59,255
Directors' current accounts 20,979 12,442
Accrued expenses 3,000 3,000
230,754 307,928

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 586,152 586,521

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 272,963 281,964

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 111,280 96,399

Amounts falling due between one and two years:
Bank loans - 1-2 years 111,281 96,399

Amounts falling due between two and five years:
Bank loans - 2-5 years 201,908 208,158

J J & J ENTERPRISES LIMITED (REGISTERED NUMBER: 04124288)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. LOANS - continued
2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 272,963 281,964

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 62,783 -

Deferred
tax
£   
Provided during year 62,783
Balance at 31 March 2024 62,783

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary A 1 50,000 50,000
1 Ordinary B 1 1 1
1 Ordinary C 1 1 1
50,002 50,002

13. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 447,657 106,919 554,576
Profit for the year 350,578 350,578
Dividends (153,130 ) (153,130 )
Revaluation of property - (106,919 ) (106,919 )
At 31 March 2024 645,105 - 645,105