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JKA PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2023






JKA PROPERTIES LTD (REGISTERED NUMBER: 03748216)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JKA PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2023







DIRECTOR: A G Farrar





REGISTERED OFFICE: 50 Church Street
Calne
Wiltshire
SN11 0HZ





REGISTERED NUMBER: 03748216 (England and Wales)





ACCOUNTANTS: Bowen Accountants Ltd
Chartered Accountants
Unit 1 Gate Farm
High Street
Sutton Benger
Chippenham
Wiltshire
SN15 4RE

JKA PROPERTIES LTD (REGISTERED NUMBER: 03748216)

BALANCE SHEET
30 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 385 428
Investments 5 1 1
Investment property 6 1,478,000 1,775,000
1,478,386 1,775,429

CURRENT ASSETS
Cash in hand 4,000 6,159

CREDITORS
Amounts falling due within one year 7 408,301 403,820
NET CURRENT LIABILITIES (404,301 ) (397,661 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,074,085

1,377,768

CREDITORS
Amounts falling due after more than one
year

8

(954,270

)

(1,062,492

)

ACCRUALS AND DEFERRED INCOME (2,604 ) (4,447 )
NET ASSETS 117,211 310,829

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 592,064 823,710
Retained earnings (474,855 ) (512,883 )
117,211 310,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JKA PROPERTIES LTD (REGISTERED NUMBER: 03748216)

BALANCE SHEET - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





A G Farrar - Director


JKA PROPERTIES LTD (REGISTERED NUMBER: 03748216)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1. STATUTORY INFORMATION

JKA Properties Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost and 10% on reducing balance

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 Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

JKA PROPERTIES LTD (REGISTERED NUMBER: 03748216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2022
and 30 December 2023 66,667
DEPRECIATION
At 31 December 2022 66,239
Charge for year 43
At 30 December 2023 66,282
NET BOOK VALUE
At 30 December 2023 385
At 30 December 2022 428

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 31 December 2022
and 30 December 2023 1
NET BOOK VALUE
At 30 December 2023 1
At 30 December 2022 1

The original purchase price of the shares purchased totalled £ 76,106. The value of this investment was impaired by £ 76,105 in a previous accounting period.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022 1,775,000
Disposals (205,000 )
Revaluations (92,000 )
At 30 December 2023 1,478,000
NET BOOK VALUE
At 30 December 2023 1,478,000
At 30 December 2022 1,775,000

The Director has reviewed the valuations of the properties owned by the company and considered that their value has been impaired. This is based on the actual sales proceeds achieved on a property sale.

JKA PROPERTIES LTD (REGISTERED NUMBER: 03748216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,299 10,872
Other creditors 394,002 392,948
408,301 403,820

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 954,270 1,062,492

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 713,045 824,832

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 954,270 1,062,492

The mortgages are secured against the properties.

10. RESERVES
Revaluation
reserve
£   
At 31 December 2022 823,710
Revaluation (231,646 )

At 30 December 2023 592,064