Company Registration No. 08709187 (England and Wales)
J Johal Properties Limited
Unaudited accounts
for the year ended 30 September 2023
J Johal Properties Limited
Unaudited accounts
Contents
J Johal Properties Limited
Company Information
for the year ended 30 September 2023
Company Number
08709187 (England and Wales)
Registered Office
197 Causeway Green Road
Oldbury
West Midlands
B68 8LQ
England
Accountants
AV Professional Services Ltd
5 Eliot Drive
Harrow
Middlesex
HA2 0UP
J Johal Properties Limited
Statement of financial position
as at 30 September 2023
Investment property
113,300
113,300
Cash at bank and in hand
635
3,054
Creditors: amounts falling due within one year
(4,632)
(2,464)
Net current (liabilities)/assets
(3,997)
590
Total assets less current liabilities
109,303
113,890
Creditors: amounts falling due after more than one year
(114,453)
(114,453)
Net liabilities
(5,150)
(563)
Called up share capital
100
100
Profit and loss account
(5,250)
(663)
Shareholders' funds
(5,150)
(563)
For the year ending 30 September 2023 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 28 August 2024 and were signed on its behalf by
Mr Joe Johal
Director
Company Registration No. 08709187
J Johal Properties Limited
Notes to the Accounts
for the year ended 30 September 2023
J Johal Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 08709187. The registered office is 197 Causeway Green Road, Oldbury, West Midlands, B68 8LQ, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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.
The company meets its day to day working capital requirements with support from its directors, who are also the ultimate controlling party of the company. The directors' support is confirmed to be available to the company for the foreseeable future.
Taxation for the year comprises current and deferred tax. Tax is ecognised 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 balance sheet date.
Fair value at 1 October 2022
113,300
At 30 September 2023
113,300
J Johal Properties Limited
Notes to the Accounts
for the year ended 30 September 2023
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
3,932
1,708
6
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
50,000
50,000
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).