JAQ Group Properties Limited NI693511 false 2023-01-06 2023-12-31 2023-12-31 The principal activity of the company is property letting Digita Accounts Production Advanced 6.30.9574.0 true false true NI693511 2023-01-06 2023-12-31 NI693511 2023-12-31 NI693511 bus:OrdinaryShareClass1 2023-12-31 NI693511 core:CurrentFinancialInstruments 2023-12-31 NI693511 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 NI693511 bus:SmallEntities 2023-01-06 2023-12-31 NI693511 bus:Audited 2023-01-06 2023-12-31 NI693511 bus:FilletedAccounts 2023-01-06 2023-12-31 NI693511 bus:SmallCompaniesRegimeForAccounts 2023-01-06 2023-12-31 NI693511 bus:RegisteredOffice 2023-01-06 2023-12-31 NI693511 bus:Director1 2023-01-06 2023-12-31 NI693511 bus:OrdinaryShareClass1 2023-01-06 2023-12-31 NI693511 bus:PrivateLimitedCompanyLtd 2023-01-06 2023-12-31 NI693511 1 2023-01-06 2023-12-31 NI693511 countries:NorthernIreland 2023-01-06 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI693511

JAQ Group Properties Limited

Filleted Financial Statements

for the Period from 6 January 2023 to 31 December 2023

 

JAQ Group Properties Limited

(Registration number: NI693511)
Balance Sheet as at 31 December 2023

Note

2023
£

Fixed assets

 

Investment property

4

551,418

Current assets

 

Debtors

5

352,626

Creditors: Amounts falling due within one year

6

(904,694)

Net current liabilities

 

(552,068)

Net liabilities

 

(650)

Capital and reserves

 

Called up share capital

7

100

Retained earnings

(750)

Shareholders' deficit

 

(650)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 September 2024
 

.........................................
Mr Connor Martin
Director

 

JAQ Group Properties Limited

Notes to the Financial Statements for the Period from 6 January 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: Unit 13 Craigstown Road Industrial Estate, Craigstown Road, Randalstown, Co Antrim, BT41 2PT.

These financial statements were authorised for issue by the director on 27 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 27 September 2024 was Peter Stevenson, who signed for and on behalf of Stevenson and Wilson.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

JAQ Group Properties Limited

Notes to the Financial Statements for the Period from 6 January 2023 to 31 December 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Investment properties

2023
£

Additions

551,418

At 31 December

551,418

The investment properties were acquired during the year and are held at cost at the balance sheet date. In the opinion of the director, there hasn't been a significant change in value since acquisition to necessitate a revaluation.

5

Debtors

Note

2023
£

Amounts owed by related parties

8

271,576

Other debtors

 

81,050

   

352,626

 

JAQ Group Properties Limited

Notes to the Financial Statements for the Period from 6 January 2023 to 31 December 2023

6

Creditors

2023
£

Amounts owed to group undertakings

8

903,694

Accruals and deferred income

 

1,000

 

904,694

7

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary of £1 each

100

100

   

8

Related party transactions

The Company has taken advantage of the exemption provisions in FRS 102 permitting non-disclosure of transactions with fellow group companies.

9

Parent and ultimate parent undertaking

The company's immediate parent is JAQ Group Holdings limited, incorporated in Northern Ireland.

 The ultimate controlling party is Connor Martin.

The parent of the largest group in which these financial statements are consolidated is JAQ Group Holdings Limited.