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REGISTERED NUMBER: 12871755 (England and Wales)












JKH Estates Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2023






JKH Estates Ltd (Registered number: 12871755)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JKH Estates Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: J Horsham





REGISTERED OFFICE: Port View House
Channel View Road
Dover
Kent
CT17 9TP





REGISTERED NUMBER: 12871755 (England and Wales)





ACCOUNTANTS: Edwards & Co
Chartered Accountants
Unit 1, Goat Lees
Trinity Road
Ashford
Kent
TN25 4AB

JKH Estates Ltd (Registered number: 12871755)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 832,280 832,280

CURRENT ASSETS
Debtors 5 11,987 15,453
Cash at bank 11,149 4,062
23,136 19,515
CREDITORS
Amounts falling due within one year 6 316,617 282,587
NET CURRENT LIABILITIES (293,481 ) (263,072 )
TOTAL ASSETS LESS CURRENT LIABILITIES 538,799 569,208

CREDITORS
Amounts falling due after more than one year 7 409,528 479,507
NET ASSETS 129,271 89,701

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 129,251 89,681
129,271 89,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JKH Estates Ltd (Registered number: 12871755)

Statement of Financial Position - continued
30 November 2023


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 director and authorised for issue on 13 August 2024 and were signed by:





J Horsham - Director


JKH Estates Ltd (Registered number: 12871755)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

JKH Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Income represents the fair value of consideration received or receivable derived from property rents and service charges during the period and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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 statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

JKH Estates Ltd (Registered number: 12871755)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 832,280
NET BOOK VALUE
At 30 November 2023 832,280
At 30 November 2022 832,280

Investment property was valued on a fair value basis by the directors at the year end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,961 15,433
Other debtors 26 20
11,987 15,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 70,673 44,329
Taxation and social security 12,652 12,616
Other creditors 233,292 225,642
316,617 282,587

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 409,528 479,507

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 249,528 319,507

JKH Estates Ltd (Registered number: 12871755)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 480,201 523,836

The bank loans are secured on the investment property and a fixed and floating charge over all the assets and undertaking of the company.