Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12415744 Ms Laura Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12415744 2023-01-31 12415744 2024-01-31 12415744 2023-02-01 2024-01-31 12415744 frs-core:CurrentFinancialInstruments 2024-01-31 12415744 frs-core:Non-currentFinancialInstruments 2024-01-31 12415744 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 12415744 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 12415744 frs-core:RevaluationReserve 2023-02-01 2024-01-31 12415744 frs-core:RevaluationReserve 2023-01-31 12415744 frs-core:RevaluationReserve 2024-01-31 12415744 frs-core:ShareCapital 2024-01-31 12415744 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12415744 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12415744 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12415744 frs-bus:SmallEntities 2023-02-01 2024-01-31 12415744 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12415744 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12415744 frs-bus:Director1 2023-02-01 2024-01-31 12415744 frs-bus:Director1 2023-01-31 12415744 frs-bus:Director1 2024-01-31 12415744 frs-countries:EnglandWales 2023-02-01 2024-01-31 12415744 2022-01-31 12415744 2023-01-31 12415744 2022-02-01 2023-01-31 12415744 frs-core:CurrentFinancialInstruments 2023-01-31 12415744 frs-core:Non-currentFinancialInstruments 2023-01-31 12415744 frs-core:RevaluationReserve 2023-01-31 12415744 frs-core:ShareCapital 2023-01-31 12415744 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 12415744
LJW Properties Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
N T Ellis Chartered Accountants
2 Risca Road
Newport
NP20 4JW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12415744
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 352,732 322,946
352,732 322,946
CURRENT ASSETS
Cash at bank and in hand 619 502
619 502
Creditors: Amounts Falling Due Within One Year 6 (40,877 ) (68,785 )
NET CURRENT ASSETS (LIABILITIES) (40,258 ) (68,283 )
TOTAL ASSETS LESS CURRENT LIABILITIES 312,474 254,663
Creditors: Amounts Falling Due After More Than One Year 7 (249,617 ) (227,551 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (9,872 ) (4,212 )
NET ASSETS 52,985 22,900
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 10 42,085 17,958
Profit and Loss Account 10,800 4,842
SHAREHOLDERS' FUNDS 52,985 22,900
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Laura Williams
Director
15/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LJW Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12415744 . The registered office is 14 Risca Road, Newport, NP20 4JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is rental income incurred during the year from investment properties held.
Revenue from the provision of rental properties is recognised over the period of rent, when and to the extent that, the company obtains the right to consideration in exchange for services provided.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets solely include residential investment properties that are held for earning rental income and capital appreciation. No depreciation has been provided.
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.5. 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 February 2023 322,946
Revaluation 29,786
As at 31 January 2024 352,732
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 January 2024 352,732
As at 1 February 2023 322,946
5. Investment Property
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 300,775 300,775
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 12,919 8,684
Other creditors 26,561 58,965
Taxation and social security 1,397 1,136
40,877 68,785
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgages >1 year 249,617 227,551
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Ms Laura Williams 55,375 35,613 3,654 - 23,416
The director operates a current loan account with the company, which is debited with payments
made by the company on behalf of the director and credited with funds introduced and undrawn
director's fees. At the year end the amount outstanding to the director was £23,416 this amount
being included in Creditors: amounts falling due within one year.
10. Reserves
Revaluation Reserve
£
As at 1 February 2023 17,958
Surplus on revaluation 29,786
Deferred taxation arising on the revaluation of land and buildings (5,659 )
As at 31 January 2024 42,085
Page 4