0 false false false false false false false false false false true false false false false false true No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 252,496 252,496 252,496 xbrli:pure xbrli:shares iso4217:GBP 13079967 2023-01-01 2023-12-31 13079967 2023-12-31 13079967 2022-12-31 13079967 2022-01-01 2022-12-31 13079967 2022-12-31 13079967 2021-12-31 13079967 bus:Director1 2023-01-01 2023-12-31 13079967 core:AfterOneYear 2023-12-31 13079967 core:AfterOneYear 2022-12-31 13079967 core:WithinOneYear 2023-12-31 13079967 core:WithinOneYear 2022-12-31 13079967 core:ShareCapital 2023-12-31 13079967 core:ShareCapital 2022-12-31 13079967 core:RetainedEarningsAccumulatedLosses 2023-12-31 13079967 core:RetainedEarningsAccumulatedLosses 2022-12-31 13079967 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 13079967 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 13079967 bus:SmallEntities 2023-01-01 2023-12-31 13079967 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13079967 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13079967 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13079967 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 13079967
JJB GROUP LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDING
31 December 2023
JJB GROUP LTD
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
4
252,496
252,496
CURRENT ASSETS
Cash at bank and in hand
79,014
72,791
CREDITORS: amounts falling due within one year
5
( 111,542)
( 110,479)
---------
---------
NET CURRENT LIABILITIES
( 32,528)
( 37,688)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
219,968
214,808
CREDITORS: amounts falling due after more than one year
6
( 217,035)
( 217,035)
---------
---------
NET ASSETS/(LIABILITIES)
2,933
( 2,227)
---------
---------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
2,932
( 2,228)
-------
-------
SHAREHOLDERS FUNDS/(DEFICIT)
2,933
( 2,227)
-------
-------
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 income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JJB GROUP LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 6 August 2024 , and are signed on behalf of the board by:
J J Barnett
Director
Company registration number: 13079967
JJB GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 1, Glenloch Court, Glenmore Road, London, NW3 4DD.
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
Turnover comprises revenue recognised by the company in respect of rents received, exclusive of Value Added Tax.
Tangible assets
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
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 transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Investment Property
£
Cost
At 1 January 2023 and 31 December 2023
252,496
---------
Depreciation
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
252,496
---------
At 31 December 2022
252,496
---------
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Corporation tax
943
Other creditors
110,599
110,479
---------
---------
111,542
110,479
---------
---------
6. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
217,035
217,035
---------
---------