Registered number
12316368
JJAD Properties Ltd
Filleted Accounts
31 January 2024
JJAD Properties Ltd
Registered number: 12316368
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 204,129 204,129
204,129 204,129
Current assets
Cash at bank and in hand 8,446 7,404
8,446 7,404
Creditors: amounts falling due within one year 4 (8,349) (7,526)
Net current assets/(liabilities) 97 (122)
Total assets less current liabilities 204,226 204,007
Creditors: amounts falling due after more than one year 5 (192,553) (197,985)
Net assets 11,673 6,022
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,573 5,922
Shareholder's funds 11,673 6,022
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dariusz Joachimiak
Director
Approved by the board on 13 September 2024
JJAD Properties Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised when the rental income is earned and becomes due.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against other future taxable profits. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Total
£ £
Cost
At 1 February 2023 204,129 204,129
At 31 January 2024 204,129 204,129
Net book value
At 31 January 2024 204,129 204,129
At 31 January 2023 204,129 204,129
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,326 1,188
Other creditors 7,023 6,338
8,349 7,526
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 127,564 132,996
Other creditors 64,989 64,989
192,553 197,985
6 Other information
JJAD Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
73 Groeswen Park
Port Talbot
SA13 2LJ
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