Registered number
12357196
J&H MANAGEMENT LTD
Filleted Abridged Accounts
31 March 2024
J&H MANAGEMENT LTD
Registered number: 12357196
Abridged Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 118 158
Investments 4 653,286 653,286
653,404 653,444
Current assets
Cash at bank and in hand 22,097 15,165
Creditors: amounts falling due within one year (202,475) (195,745)
Net current liabilities (180,378) (180,580)
Total assets less current liabilities 473,026 472,864
Creditors: amounts falling due after more than one year (472,723) (472,691)
Net assets 303 173
Capital and reserves
Called up share capital 200 200
Profit and loss account 103 (27)
Shareholders' funds 303 173
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Mr R Varsani
Director
Approved by the board on 31 July 2024
J&H MANAGEMENT LTD
Notes to the Abridged Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction cost. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Total
£
Cost
At 1 April 2023 300
At 31 March 2024 300
Depreciation
At 1 April 2023 142
Charge for the year 40
At 31 March 2024 182
Net book value
At 31 March 2024 118
At 31 March 2023 158
4 Investments
Other
investments
£
Cost
At 1 April 2023 653,286
At 31 March 2024 653,286
Historical cost
At 1 April 2023 653,286
At 31 March 2024 653,286
Other investments is an investment property. The fair value of the property at 31st March 2024 has been arrived at on the basis of a valuation carried out at that date by Mr R Varsani, a director of the company who is not a professionally qualified valuer. The valuation was arrived by reference to market evidence of transaction prices for similar properties in its location and takes into account the current state of rental market in the area where the properties are situated.
5 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 472,723 472,691
The bank loan is secured on the investment property.
6 Other information
J&H MANAGEMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
79 Belmont Lane
Stanmore
Harrow
Middlesex
HA7 2QA
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