Company Registration No. SC494545 (Scotland)
JK Properties (Scotland) Ltd
Unaudited accounts
for the year ended 31 January 2024
JK Properties (Scotland) Ltd
Unaudited accounts
Contents
JK Properties (Scotland) Ltd
Company Information
for the year ended 31 January 2024
Company Number
SC494545 (Scotland)
Registered Office
94 Hope Street
Suite 2.11
Glasgow
G2 6PH
SCOTLAND
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
JK Properties (Scotland) Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
417,125
417,282
Cash at bank and in hand
160
-
Creditors: amounts falling due within one year
(113,477)
(114,752)
Net current liabilities
(113,317)
(114,752)
Total assets less current liabilities
303,808
302,530
Creditors: amounts falling due after more than one year
(219,341)
(219,341)
Called up share capital
1
1
Profit and loss account
84,466
83,188
Shareholders' funds
84,467
83,189
For the year ending 31 January 2024 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 her 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 18 September 2024 and were signed on its behalf by
Amandeep Kaur
Director
Company Registration No. SC494545
JK Properties (Scotland) Ltd
Notes to the Accounts
for the year ended 31 January 2024
JK Properties (Scotland) Ltd is a private company, limited by shares, registered in Scotland, registration number SC494545. The registered office is 94 Hope Street, Suite 2.11, Glasgow, G2 6PH, SCOTLAND.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Property will not be depreciated, as annual revaluations will provide a more accurate value.
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
417,125
785
417,910
At 31 January 2024
417,125
785
417,910
At 1 February 2023
-
628
628
Charge for the year
-
157
157
At 31 January 2024
-
785
785
At 31 January 2024
417,125
-
417,125
At 31 January 2023
417,125
157
417,282
JK Properties (Scotland) Ltd
Notes to the Accounts
for the year ended 31 January 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
337
8,893
Other creditors
18,618
16,767
Loans from directors
94,522
89,092
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
219,341
219,341
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).