Company registration number 09812991 (England and Wales)
JR3 PROPERTY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
JR3 PROPERTY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
JR3 PROPERTY LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
94
104
Investment property
5
64,000
55,000
64,094
55,104
Current assets
Debtors
6
50,000
50,000
Cash at bank and in hand
4,831
7,287
54,831
57,287
Creditors: amounts falling due within one year
7
(100,557)
(104,089)
Net current liabilities
(45,726)
(46,802)
Total assets less current liabilities
18,368
8,302
Provisions for liabilities
(5,909)
(4,199)
Net assets
12,459
4,103
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
12,359
4,003
Total equity
12,459
4,103

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 18 September 2024
Mr J M Restrick
Director
Company Registration No. 09812991
JR3 PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 2 -
1
Accounting policies
Company information

JR3 Property Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 12 Clappers Meadow, Maidenhead, Berkshire, United Kingdom, SL6 8TT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover consists of rental income receivable.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing balance
Fixtures and fittings
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

JR3 PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 October 2022 and 30 September 2023
285
370
655
Depreciation and impairment
At 1 October 2022
247
304
551
Depreciation charged in the year
10
-
0
10
At 30 September 2023
257
304
561
Carrying amount
At 30 September 2023
28
66
94
At 30 September 2022
38
66
104
5
Investment property
2023
£
Fair value
At 1 October 2022
55,000
Revaluations
9,000
At 30 September 2023
64,000
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
50,000
50,000
7
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
100,557
104,089
2023-09-302022-10-01false19 September 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr J M RestrickMr J M Restrickfalsefalse098129912022-10-012023-09-30098129912023-09-30098129912022-09-3009812991core:PlantMachinery2023-09-3009812991core:FurnitureFittings2023-09-3009812991core:PlantMachinery2022-09-3009812991core:FurnitureFittings2022-09-3009812991core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3009812991core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-3009812991core:ShareCapital2023-09-3009812991core:ShareCapital2022-09-3009812991core:RetainedEarningsAccumulatedLosses2023-09-3009812991core:RetainedEarningsAccumulatedLosses2022-09-3009812991bus:CompanySecretaryDirector12022-10-012023-09-3009812991core:PlantMachinery2022-10-012023-09-3009812991core:FurnitureFittings2022-10-012023-09-30098129912021-10-012022-09-3009812991core:PlantMachinery2022-09-3009812991core:FurnitureFittings2022-09-30098129912022-09-3009812991core:WithinOneYear2023-09-3009812991core:WithinOneYear2022-09-3009812991core:CurrentFinancialInstruments2023-09-3009812991core:CurrentFinancialInstruments2022-09-3009812991bus:PrivateLimitedCompanyLtd2022-10-012023-09-3009812991bus:SmallCompaniesRegimeForAccounts2022-10-012023-09-3009812991bus:FRS1022022-10-012023-09-3009812991bus:AuditExemptWithAccountantsReport2022-10-012023-09-3009812991bus:Director12022-10-012023-09-3009812991bus:CompanySecretary12022-10-012023-09-3009812991bus:FullAccounts2022-10-012023-09-30xbrli:purexbrli:sharesiso4217:GBP