2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,563,949 2,563,949 2,563,949 xbrli:pure xbrli:shares iso4217:GBP 10649890 2023-04-01 2024-03-31 10649890 2024-03-31 10649890 2023-03-31 10649890 2022-04-01 2023-03-31 10649890 2023-03-31 10649890 2022-03-31 10649890 bus:Director1 2023-04-01 2024-03-31 10649890 bus:Director2 2023-04-01 2024-03-31 10649890 core:AfterOneYear 2024-03-31 10649890 core:AfterOneYear 2023-03-31 10649890 core:WithinOneYear 2024-03-31 10649890 core:WithinOneYear 2023-03-31 10649890 core:ShareCapital 2024-03-31 10649890 core:ShareCapital 2023-03-31 10649890 core:SharePremium 2024-03-31 10649890 core:SharePremium 2023-03-31 10649890 core:RetainedEarningsAccumulatedLosses 2024-03-31 10649890 core:RetainedEarningsAccumulatedLosses 2023-03-31 10649890 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 10649890 core:Non-currentFinancialInstruments 2024-03-31 10649890 core:Non-currentFinancialInstruments 2023-03-31 10649890 bus:SmallEntities 2023-04-01 2024-03-31 10649890 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10649890 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10649890 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10649890 bus:FullAccounts 2023-04-01 2024-03-31 10649890 core:AfterOneYear 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 10649890
JSMB PROPERTIES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
JSMB PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Investments
5
2,563,949
2,563,949
CURRENT ASSETS
Stocks
317,851
Debtors
6
8,175
70,818
Cash at bank and in hand
950,975
288,009
---------
---------
959,150
676,678
CREDITORS: amounts falling due within one year
7
1,291,956
1,240,098
------------
------------
NET CURRENT LIABILITIES
332,806
563,420
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,231,143
2,000,529
CREDITORS: amounts falling due after more than one year
8
800,000
800,000
PROVISIONS
7,900
------------
------------
NET ASSETS
1,431,143
1,192,629
------------
------------
CAPITAL AND RESERVES
Called up share capital fully paid
1,100
1,100
Share premium account
899,002
899,002
Profit and loss account
531,041
292,527
------------
------------
SHAREHOLDERS FUNDS
1,431,143
1,192,629
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JSMB PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 23 July 2024 , and are signed on behalf of the board by:
Mr J Bradley
Dr S M Bradley
Director
Director
Company registration number: 10649890
JSMB PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12a Walsh Lane, New Farnley, Leeds, LS12 5EJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents rental income receivable, the trading of property and amounts invoiced for property management during the year.
Investments
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. INVESTMENTS
Investment property
£
Cost
At 1 April 2023 and 31 March 2024
2,563,949
------------
Impairment
At 1 April 2023 and 31 March 2024
------------
Carrying amount
At 31 March 2024
2,563,949
------------
At 31 March 2023
2,563,949
------------
The investment properties were valued by the directors at 31 March 2024 on a fair value basis.
The historical cost of the investment properties at 31 March 2024 is £2,563,949 (2023 - £2,563,949).
6. DEBTORS
2024
2023
£
£
Trade debtors
9,500
Other debtors
8,175
61,318
-------
--------
8,175
70,818
-------
--------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
85,158
33,200
Other creditors
1,206,798
1,206,898
------------
------------
1,291,956
1,240,098
------------
------------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
800,000
800,000
---------
---------
The bank loans are secured by a fixed charge over the assets of the company.