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REGISTERED NUMBER: 09159100 (England and Wales)




















Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

J28 Self Storage Limited

J28 Self Storage Limited (Registered number: 09159100)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J28 Self Storage Limited

Company Information
for the Period 1 January 2023 to 31 March 2024







DIRECTORS: D P Kohlman
Mrs J M Madsen
L Kohlman





REGISTERED OFFICE: Suite B
Blackdown House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX





REGISTERED NUMBER: 09159100 (England and Wales)

J28 Self Storage Limited (Registered number: 09159100)

Balance Sheet
31 March 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,031,483 1,078,916

CURRENT ASSETS
Debtors 5 182,201 83,134
Cash at bank and in hand 23,423 34,101
205,624 117,235
CREDITORS
Amounts falling due within one year 6 859,317 884,729
NET CURRENT LIABILITIES (653,693 ) (767,494 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,790

311,422

CREDITORS
Amounts falling due after more than one
year

7

(34,380

)

(38,838

)

PROVISIONS FOR LIABILITIES 9 (53,171 ) (66,712 )
NET ASSETS 290,239 205,872

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 290,139 205,772
SHAREHOLDERS' FUNDS 290,239 205,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

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 9 September 2024 and were signed on its behalf by:



D P Kohlman - Director



Mrs J M Madsen - Director


J28 Self Storage Limited (Registered number: 09159100)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

J28 Self Storage 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on straight line basis
Plant and machinery - 15% on straight line basis
Fixtures and fittings - 15% on straight line basis
Motor vehicles - 25% on straight line basis
Computer equipment - 33% on straight line basis

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - 4 ) .

J28 Self Storage Limited (Registered number: 09159100)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 824,436 512,739 118,314
Additions 23,695 30,365 8,731
At 31 March 2024 848,131 543,104 127,045
DEPRECIATION
At 1 January 2023 12,367 340,887 34,978
Charge for period 16,963 76,033 17,583
At 31 March 2024 29,330 416,920 52,561
NET BOOK VALUE
At 31 March 2024 818,801 126,184 74,484
At 31 December 2022 812,069 171,852 83,336

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 2,500 27,622 1,485,611
Additions - 5,338 68,129
At 31 March 2024 2,500 32,960 1,553,740
DEPRECIATION
At 1 January 2023 313 18,150 406,695
Charge for period 625 4,358 115,562
At 31 March 2024 938 22,508 522,257
NET BOOK VALUE
At 31 March 2024 1,562 10,452 1,031,483
At 31 December 2022 2,187 9,472 1,078,916

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 75,789 49,761
Other debtors 6,722 -
Prepayments and accrued income 99,690 33,373
182,201 83,134

J28 Self Storage Limited (Registered number: 09159100)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 11,000 11,000
Trade creditors 186,989 132,920
Corporation tax 50,264 -
Social security and other taxes 4,713 2,431
VAT 24,852 11,632
Other creditors 40,160 37,822
Loan a/c: Alexandria 501,066 612,610
Directors' current accounts 5,101 1,336
Accruals and deferred income 35,172 74,978
859,317 884,729

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£    £   
Bank loans - 1-2 years 11,000 11,000
Bank loans - 2-5 years 23,380 27,838
34,380 38,838

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2022
£    £   
Within one year 98,000 98,000
Between one and five years 142,852 240,852
240,852 338,852

9. PROVISIONS FOR LIABILITIES
2024 2022
£    £   
Deferred tax
Accelerated capital allowances 53,171 66,712

Deferred
tax
£   
Balance at 1 January 2023 66,712
Credit to Income Statement during period (13,541 )
Balance at 31 March 2024 53,171

Deferred taxation relates to accelerated capital allowances and has been calculated using the corporation tax rate of 25%.

10. OTHER FINANCIAL COMMITMENTS

The company along with K & M Developments South West Ltd is subject to a cross guarantee and right of set off in respect of bank loans of £1.8M to Alexandria Properties LLP.

11. RELATED PARTY DISCLOSURES

During the period, total dividends of £1,667 (2022 - £3,333) were paid to the directors .

J28 Self Storage Limited (Registered number: 09159100)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

11. RELATED PARTY DISCLOSURES - continued

Alexandria Properties LLP
A business in which two of the directors are members.

Included in creditors are balances of £501,066 (2022 : £705,885) due to Alexandria Properties LLP.

The company rents one of its premises from Alexandria Properties LLP at an annual rent of £65,000 (2022: £65,000).

Management charges receivable of £30,000 (2022: £24,000) were included in the profit and loss account from Alexandria Properties LLP in the period. Included in debtors is £74,270 (2022: £45,500) due to the company.

The company along with K & M Developments South West Ltd is subject to a cross guarantee and right of set off in respect of bank loans of £1.8M to Alexandria Properties LLP.

K & M Developments South West Ltd
A business under common control.

Included in creditors is a balance of £37,000 to K & M Developments South West Ltd (2022: £20,000).