1 April 2023 false Taxfiler 2024.5 12807016business:PrivateLimitedCompanyLtd2023-04-012024-03-31 128070162023-03-31 128070162023-04-012024-03-31 12807016business:AuditExemptWithAccountantsReport2023-04-012024-03-31 12807016business:FilletedAccounts2023-04-012024-03-31 128070162024-03-31 12807016business:Director12023-04-012024-03-31 12807016business:Director22023-04-012024-03-31 12807016business:Director32023-04-012024-03-31 12807016business:Director42023-04-012024-03-31 12807016business:RegisteredOffice2023-04-012024-03-31 128070162023-03-31 12807016core:WithinOneYear2024-03-31 12807016core:WithinOneYear2023-03-31 12807016core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 12807016core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 12807016core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 12807016core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 12807016core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 12807016core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 12807016core:PreviouslyStatedAmount2024-03-31 12807016core:PreviouslyStatedAmount2023-03-31 12807016business:SmallEntities2023-04-012024-03-31 12807016countries:EnglandWales2023-04-012024-03-31 128070162022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 12807016 (England and Wales)
JL & T Properties Limited Unaudited accounts for the year ended 31 March 2024
JL & T Properties Limited Unaudited accounts Contents
Page
- 2 -
JL & T Properties Limited Company Information for the year ended 31 March 2024
Directors
J C Owen J Owen L Owen T Owen
Company Number
12807016 (England and Wales)
Registered Office
2 MEETING HOUSE LANE BRIGHTON BN1 1HB ENGLAND
Accountants
D M Pettitt Accountancy Services 33 Bowmans Close Steyning West Sussex BN44 3SR
- 3 -
JL & T Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,835,017 
1,835,017 
Current assets
Debtors
133,620 
127,950 
Cash at bank and in hand
206,169 
204,538 
339,789 
332,488 
Creditors: amounts falling due within one year
(743,496)
(705,446)
Net current liabilities
(403,707)
(372,958)
Total assets less current liabilities
1,431,310 
1,462,059 
Provisions for liabilities
Deferred tax
(70,198)
(70,198)
Net assets
1,361,112 
1,391,861 
Capital and reserves
Called up share capital
100 
100 
Share premium
1,275,000 
1,275,000 
Profit and loss account
86,012 
116,761 
Shareholders' funds
1,361,112 
1,391,861 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
J C Owen Director Company Registration No. 12807016
- 4 -
JL & T Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
JL & T Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12807016. The registered office is 2 MEETING HOUSE LANE, BRIGHTON, BN1 1HB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
1,835,017 
At 31 March 2024
1,835,017 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,881 
30,881 
Other debtors
102,739 
97,069 
133,620 
127,950 
- 5 -
JL & T Properties Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
28,880 
21,121 
Loans from directors
713,726 
671,889 
Accruals
890 
12,436 
743,496 
705,446 
7
Transactions with related parties
At 31 March 2024 the company owed its directors £713,726 (2023 £671,899) and this is included in creditors.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -