Company Registration No. 10671777 (England and Wales)
JLR Property Limited
Unaudited accounts
for the year ended 31 March 2024
JLR Property Limited
Unaudited accounts
Contents
JLR Property Limited
Company Information
for the year ended 31 March 2024
Company Number
10671777 (England and Wales)
Registered Office
First Floor
85 Great Portland Street
London
W1W 7LT
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
JLR Property Limited
Accountants' report
Accountants' report to the director of JLR Property Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
JLR Property Limited for the year ended
31 March 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of JLR Property Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of JLR Property Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JLR Property Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that JLR Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of JLR Property Limited. You consider that JLR Property Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of JLR Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
7 August 2024
JLR Property Limited
Statement of financial position
as at 31 March 2024
Tangible assets
8,744
7,098
Investment property
726,256
630,292
Cash at bank and in hand
8,539
43,124
Creditors: amounts falling due within one year
(218,369)
(331,798)
Net current liabilities
(203,888)
(284,732)
Total assets less current liabilities
531,112
352,658
Creditors: amounts falling due after more than one year
(516,753)
(347,415)
Called up share capital
10
10
Revaluation reserve
119,286
97,167
Profit and loss account
(104,937)
(91,934)
Shareholders' funds
14,359
5,243
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 August 2024 and were signed on its behalf by
Luke Roberts
Director
Company Registration No. 10671777
JLR Property Limited
Notes to the Accounts
for the year ended 31 March 2024
JLR Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10671777. The registered office is First Floor, 85 Great Portland Street, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
JLR Property Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
12,959
1,152
14,111
At 31 March 2024
17,994
1,152
19,146
At 1 April 2023
5,862
1,151
7,013
Charge for the year
3,389
-
3,389
At 31 March 2024
9,251
1,151
10,402
At 31 March 2024
8,743
1
8,744
At 31 March 2023
7,097
1
7,098
Fair value at 1 April 2023
630,292
Net gain from fair value adjustments
22,119
Amounts falling due within one year
Deferred tax asset
3,942
3,942
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
56,895
195,051
Loans from directors
161,054
136,327
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
516,753
347,415
Aggregate of amounts that fall due for payment after five years
516,753
347,415
JLR Property Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).