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REGISTERED NUMBER: 06227220 (England and Wales)















J AND J PROPERTIES (LATCHFORD) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2022 TO 30 AUGUST 2023






J AND J PROPERTIES (LATCHFORD) LIMITED (REGISTERED NUMBER: 06227220)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


J AND J PROPERTIES (LATCHFORD) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023







DIRECTORS: Mr J P Quinn
Mr J D Broadhurst





SECRETARY: Mr J P Quinn





REGISTERED OFFICE: Unit 1 Deepdale Works
Deepdale Lane
Dudley
West Midlands
DY3 2AE





REGISTERED NUMBER: 06227220 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
J AND J PROPERTIES (LATCHFORD) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J and J Properties (Latchford) Limited for the period ended 30 August 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J and J Properties (Latchford) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J and J Properties (Latchford) Limited and state those matters that we have agreed to state to the Board of Directors of J and J Properties (Latchford) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J and J Properties (Latchford) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J and J Properties (Latchford) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J and J Properties (Latchford) Limited. You consider that J and J Properties (Latchford) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of J and J Properties (Latchford) 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 financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


28 August 2024

J AND J PROPERTIES (LATCHFORD) LIMITED (REGISTERED NUMBER: 06227220)

STATEMENT OF FINANCIAL POSITION
30 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,058 20,732
Investment property 5 644,159 644,159
668,217 664,891

CURRENT ASSETS
Debtors 6 178,188 22,963
Cash at bank 11,377 9,716
189,565 32,679
CREDITORS
Amounts falling due within one year 7 159,738 159,160
NET CURRENT ASSETS/(LIABILITIES) 29,827 (126,481 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,044

538,410

CREDITORS
Amounts falling due after more than one
year

8

589,987

440,135
NET ASSETS 108,057 98,275

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,957 98,175
108,057 98,275

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

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

The directors acknowledge their 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.

J AND J PROPERTIES (LATCHFORD) LIMITED (REGISTERED NUMBER: 06227220)

STATEMENT OF FINANCIAL POSITION - continued
30 AUGUST 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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mr J D Broadhurst - Director


J AND J PROPERTIES (LATCHFORD) LIMITED (REGISTERED NUMBER: 06227220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023


1. STATUTORY INFORMATION

J and J Properties (Latchford) Limited 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.

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.

Turnover
Turnover represents net sales of goods/services, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

J AND J PROPERTIES (LATCHFORD) LIMITED (REGISTERED NUMBER: 06227220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2022 26,272 - 26,272
Additions 1,000 6,000 7,000
At 30 August 2023 27,272 6,000 33,272
DEPRECIATION
At 1 September 2022 5,540 - 5,540
Charge for period 2,174 1,500 3,674
At 30 August 2023 7,714 1,500 9,214
NET BOOK VALUE
At 30 August 2023 19,558 4,500 24,058
At 31 August 2022 20,732 - 20,732

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 6,000
At 30 August 2023 6,000
DEPRECIATION
Charge for period 1,500
At 30 August 2023 1,500
NET BOOK VALUE
At 30 August 2023 4,500

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 30 August 2023 644,159
NET BOOK VALUE
At 30 August 2023 644,159
At 31 August 2022 644,159

J AND J PROPERTIES (LATCHFORD) LIMITED (REGISTERED NUMBER: 06227220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 6,884
Other debtors 178,188 16,079
178,188 22,963

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,800 17,305
Hire purchase contracts 1,838 -
Taxation and social security - 6,355
Other creditors 137,100 135,500
159,738 159,160

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 285,871 159,488
Hire purchase contracts 3,479 -
Other creditors 300,637 280,647
589,987 440,135