Company Registration No. 13090721 (England and Wales)
J J PROPERTIES (BRISTOL) LIMITED
Unaudited accounts
for the year ended 31 December 2023
J J PROPERTIES (BRISTOL) LIMITED
Unaudited accounts
Contents
J J PROPERTIES (BRISTOL) LIMITED
Company Information
for the year ended 31 December 2023
Company Number
13090721 (England and Wales)
Registered Office
LITTLE LEAZE WINTERBOURNE ROAD
BRADLEY STOKE
BRISTOL
BS34 8PT
Accountants
FARQUHAR PARTNERSHIP LIMITED
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
J J PROPERTIES (BRISTOL) LIMITED
Statement of financial position
as at 31 December 2023
Investment property
183,000
160,000
Cash at bank and in hand
1,276
330
Creditors: amounts falling due within one year
(55,147)
(51,909)
Net current liabilities
(53,838)
(51,579)
Total assets less current liabilities
129,162
108,421
Creditors: amounts falling due after more than one year
(108,300)
(108,300)
Provisions for liabilities
Called up share capital
100
100
Fair value reserve
23,000
-
Profit and loss account
(6,206)
(87)
Shareholders' funds
16,894
13
For the year ending 31 December 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 19 September 2024 and were signed on its behalf by
J G Hall
Director
Company Registration No. 13090721
J J PROPERTIES (BRISTOL) LIMITED
Notes to the Accounts
for the year ended 31 December 2023
J J PROPERTIES (BRISTOL) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13090721. The registered office is LITTLE LEAZE WINTERBOURNE ROAD, BRADLEY STOKE, BRISTOL, BS34 8PT.
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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover comprises rental income and is recognised on a received basis.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 January 2023
160,000
Net gain from fair value adjustments
23,000
At 31 December 2023
183,000
Investment property is recognised in the accounts at fair value based on director's valuation. The property acquired in the period was done so from the director at a valuation of £160,000 and no revaluation has occurred in these accounts.
Amounts falling due within one year
J J PROPERTIES (BRISTOL) LIMITED
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
33
Other creditors
2,481
2,481
Loans from directors
50,567
48,885
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
108,300
108,300
The bank loan from Aldermore Bank Plc is secured by a fixed and floating charge over the company's investment property.
8
Deferred taxation
2023
2022
Other deferred taxation
3,968
108
Provision at start of year
108
-
Charged to the profit and loss account
3,860
108
Provision at end of year
3,968
108
Allotted, called up and fully paid:
81 A Ordinary shares of £1 each
81
81
19 B Ordinary shares of £1 each
19
19
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).