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REGISTERED NUMBER: 04846838 (England and Wales)



















Financial Statements

for the Year Ended 31 December 2023

for

JF Investments Limited

JF Investments Limited (Registered number: 04846838)






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


JF Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J D Fearnehough
Mrs P A Fearnehough





REGISTERED OFFICE: 44 Friar Gate
Derby
Derbyshire
DE1 1DA





REGISTERED NUMBER: 04846838 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

JF Investments Limited (Registered number: 04846838)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,556 86,121
Investments 5 - -
Investment property 6 8,424,301 5,164,885
8,489,857 5,251,006

CURRENT ASSETS
Debtors 7 368,148 542,532
Cash at bank 21,429 4,921
389,577 547,453
CREDITORS
Amounts falling due within one year 8 390,612 778,560
NET CURRENT LIABILITIES (1,035 ) (231,107 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,488,822

5,019,899

CREDITORS
Amounts falling due after more than one
year

9

(4,303,003

)

(2,163,386

)

PROVISIONS FOR LIABILITIES (123,000 ) (107,000 )
NET ASSETS 4,062,819 2,749,513

CAPITAL AND RESERVES
Called up share capital 2 1
Share premium 11 1,491,011 -
Fair value reserve 11 433,984 453,984
Retained earnings 11 2,137,822 2,295,528
SHAREHOLDERS' FUNDS 4,062,819 2,749,513

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 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.

JF Investments Limited (Registered number: 04846838)

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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





J D Fearnehough - Director


JF Investments Limited (Registered number: 04846838)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

JF Investments 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.

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 the amounts derived from properties sold during the year. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is not depreciated but is revalued annually at its fair value. Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Deferred taxation
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

JF Investments Limited (Registered number: 04846838)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 21,308 145,000 1,992 168,300
DEPRECIATION
At 1 January 2023 11,652 68,535 1,992 82,179
Charge for year 1,448 19,117 - 20,565
At 31 December 2023 13,100 87,652 1,992 102,744
NET BOOK VALUE
At 31 December 2023 8,208 57,348 - 65,556
At 31 December 2022 9,656 76,465 - 86,121

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 60,000
PROVISIONS
At 1 January 2023
and 31 December 2023 60,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 5,164,885
Additions 3,634,416
Disposals (375,000 )
At 31 December 2023 8,424,301
NET BOOK VALUE
At 31 December 2023 8,424,301
At 31 December 2022 5,164,885

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 8,424,301

JF Investments Limited (Registered number: 04846838)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. INVESTMENT PROPERTY - continued

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

2023 2022
£    £   
Cost 7,873,317 4,613,901
Aggregate depreciation (411,297 ) (256,574 )

Investment property was valued on a fair value basis on 31 December 2023 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,305 -
Amounts owed by associates 285,000 290,000
Other debtors 5,599 40,537
Directors' current account 71,282 208,269
Tax 2,962 3,726
368,148 542,532

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,141 74,070
Other loans 199,053 603,860
Hire purchase contracts 87,312 11,903
Trade creditors - 434
Amounts owed to associates 18,912 18,912
Tax 40,087 18,713
Social security and other taxes 12,905 11,708
Other creditors 4,596 1
Accrued expenses 17,606 38,959
390,612 778,560

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,806 932,791
Other loans 4,288,197 1,143,283
Hire purchase contracts - 87,312
4,303,003 2,163,386

JF Investments Limited (Registered number: 04846838)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 87,312 99,215
Bank loans - 1,008,241
Other loans 4,334,833 1,594,643
4,422,145 2,702,099

Loans are secured on investment properties.

Hire purchase is secured on related assets.

11. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 January 2023 2,295,528 - 453,984 2,749,512
Profit for the year 11,794 11,794
Dividends (189,500 ) (189,500 )
Share issue - 1,491,011 - 1,491,011
Transfer between reserves 20,000 - (20,000 ) -
At 31 December 2023 2,137,822 1,491,011 433,984 4,062,817