REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
FOR |
J & A Property (South West) Limited |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024 |
FOR |
J & A Property (South West) Limited |
J & A Property (South West) Limited (Registered number: 12084607) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 1 April 2023 to 30 September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 8 |
J & A Property (South West) Limited |
COMPANY INFORMATION |
for the period 1 April 2023 to 30 September 2024 |
Directors: |
Registered office: |
Business address: |
Registered number: |
Accountants: |
129 North Hill |
Plymouth |
Devon |
PL4 8JY |
J & A Property (South West) Limited (Registered number: 12084607) |
BALANCE SHEET |
30 September 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
Current assets |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
( |
) |
Provisions for liabilities | 10 | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 11 |
Revaluation reserve | 12 |
Retained earnings | ( |
) |
Shareholders' funds |
J & A Property (South West) Limited (Registered number: 12084607) |
BALANCE SHEET - continued |
30 September 2024 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
J & A Property (South West) Limited (Registered number: 12084607) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 1 April 2023 to 30 September 2024 |
1. | STATUTORY INFORMATION |
J & A Property (South West) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, business address 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 fixed assets. |
Preparation of consolidated financial statements |
The financial statements contain information about J & A Property (South West) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover represents rent receivable for the period covered by the financial statements. Where rents are received from customers in advance of the balance sheet date, the amounts are recorded as deferred income and included as part of creditors due within one year. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life at the following rates: |
Motor vehicles - 25% reducing balance |
Computer equipment - 30% straight line |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at 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 period comprises current and deferred tax. Tax is recognised in the Profit & 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 & A Property (South West) Limited (Registered number: 12084607) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2023 to 30 September 2024 |
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 period 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. |
Debtors |
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
Creditors |
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
Provisions |
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
J & A Property (South West) Limited (Registered number: 12084607) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2023 to 30 September 2024 |
4. | TANGIBLE FIXED ASSETS |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
Cost |
At 1 April 2023 |
Disposals | ( |
) | ( |
) | ( |
) |
At 30 September 2024 |
Depreciation |
At 1 April 2023 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 30 September 2024 |
Net book value |
At 30 September 2024 |
At 31 March 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertaki |
£ |
Cost |
At 1 April 2023 |
and 30 September 2024 |
Net book value |
At 30 September 2024 |
At 31 March 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
Fair value |
At 1 April 2023 |
Disposals | ( |
) |
At 30 September 2024 |
Net book value |
At 30 September 2024 |
At 31 March 2023 |
J & A Property (South West) Limited (Registered number: 12084607) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2023 to 30 September 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
These amounts relate to mortgage repayments all due after 5 years. |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
10. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax | - | 10,400 |
Deferred |
tax |
£ |
Balance at 1 April 2023 |
Provided during period | ( |
) |
Balance at 30 September 2024 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary shares | £1 | 200 | 200 |
J & A Property (South West) Limited (Registered number: 12084607) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2023 to 30 September 2024 |
12. | RESERVES |
Revaluati |
reserve |
£ |
At 1 April 2023 |
Transfer to revaluation |
reserve | (49,100 | ) |
At 30 September 2024 |
13. | ULTIMATE CONTROLLING PARTY |
The company is ultimately controlled by the directors, J & Mrs A Dart. |