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Registered number: 12265139
JUST PROPERTIES DIRECT LIMITED
Unaudited Financial Statements
For The Year Ended 31 October 2023
OLYMPIC COURT
Suite G06
15 Olympic Court
Whitehills Business Park
Blackpool
FY4 5GU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12265139
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,107,308 1,069,418
1,107,308 1,069,418
CURRENT ASSETS
Debtors 5 - 19,233
Cash at bank and in hand 141,623 19,883
141,623 39,116
Creditors: Amounts Falling Due Within One Year 6 - (6,103 )
NET CURRENT ASSETS (LIABILITIES) 141,623 33,013
TOTAL ASSETS LESS CURRENT LIABILITIES 1,248,931 1,102,431
Creditors: Amounts Falling Due After More Than One Year 7 (1,255,501 ) (1,114,993 )
NET LIABILITIES (6,570 ) (12,562 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (6,571 ) (12,563 )
SHAREHOLDERS' FUNDS (6,570) (12,562)
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jorel GARLAND
Director
12th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JUST PROPERTIES DIRECT LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12265139 . The registered office is 15 Olympic Court - Andrew Lazell, Whitehills Business Park, Blackpool, Lancashire, FY4 5GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
3. Average Number of Employees
1 Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 739,449 320,047 9,922 1,069,418
Additions 124,590 113,300 - 237,890
Disposals (200,000 ) - - (200,000 )
As at 31 October 2023 664,039 433,347 9,922 1,107,308
Net Book Value
As at 31 October 2023 664,039 433,347 9,922 1,107,308
As at 1 November 2022 739,449 320,047 9,922 1,069,418
5. Debtors
2023 2022
£ £
Due within one year
Property Renovation - Jamie Lawton - 19,233
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1,653
Sundry Creditor - K. Etherington - 3,200
Accruals and deferred income - 1,250
- 6,103
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bounce Back Loan 33,153 40,173
Lendinvest 450,532 465,767
Mortgage - Fleet Mortgages 216,840 217,480
TML - The Mortgage Lender 69,797 -
Directors loan account 349,247 255,436
Mortgage - Vida Homes 67,112 67,325
Mortgage - Keystone Property Finance 68,820 68,812
1,255,501 1,114,993
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4