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REGISTERED NUMBER: 00269315 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

J AND G PROPERTIES LIMITED

J AND G PROPERTIES LIMITED (REGISTERED NUMBER: 00269315)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J AND G PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M E Dance





SECRETARY: M E Dance





REGISTERED OFFICE: Birch Cottage
Padworth Common
Reading
Berkshire
RG7 4QG





REGISTERED NUMBER: 00269315 (England and Wales)

J AND G PROPERTIES LIMITED (REGISTERED NUMBER: 00269315)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 365,692 365,692
365,692 365,692

CURRENT ASSETS
Cash at bank 221,293 213,230

CREDITORS
Amounts falling due within one year 6 35,276 34,777
NET CURRENT ASSETS 186,017 178,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

551,709

544,145

PROVISIONS FOR LIABILITIES 29,300 23,500
NET ASSETS 522,409 520,645

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 235,056 235,056
Retained earnings 286,353 284,589
SHAREHOLDERS' FUNDS 522,409 520,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

J AND G PROPERTIES LIMITED (REGISTERED NUMBER: 00269315)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2024 and were signed by:





M E Dance - Director


J AND G PROPERTIES LIMITED (REGISTERED NUMBER: 00269315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

J and G Properties Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 00269315 and its registered office address is Birch Cottage, Padworth Common, Berkshire, RG7 4QG.

The presentation currency of the financial statements is the sterling (£).

The principal activity of the company in the year under review was that of property investment.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent received. Turnover is recognised in the rental period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


J AND G PROPERTIES LIMITED (REGISTERED NUMBER: 00269315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

Going concern
The director is not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 1,098
DEPRECIATION
At 1 January 2023
and 31 December 2023 1,098
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

J AND G PROPERTIES LIMITED (REGISTERED NUMBER: 00269315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 365,692
NET BOOK VALUE
At 31 December 2023 365,692
At 31 December 2022 365,692

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2024 365,692

If the investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 107,136 107,136

In the opinion of the directors the value of the property in the year was not less than £360,000.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 1,774 1,341
Other creditors 33,502 33,436
35,276 34,777

7. RESERVES
Revaluatio
reserve
£   
At 1 January 2023
and 31 December 2023 235,056