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Company registration number: NI648939
J&M RENTAL PROPERTY LTD
UNAUDITED FILLETED FINANCIAL STATEMENTS
31 October 2023
J&M RENTAL PROPERTY LTD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
_________________________________________________________________________________________
Contents
Directors and other information
Accountants report
Balance sheet and notes to the financial statements
J&M RENTAL PROPERTY LTD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
_________________________________________________________________________________________
Directors Mr Malachy Sheridan
Mr John Hancock
Company number NI648939
Registered office Unit 15
Station Road Industrial Estate
Magherafelt
Co. Derry
BT45 5EY
Business address Unit 15
Station Road Industrial Estate
Magherafelt
Co. Derry
BT45 5EY
Accountants Kelly & O'Neill Ltd
15E Molesworth Street
Cookstown
Co. Tyrone
BT80 8NX
Bankers Bank of Ireland
University Road
Belfast
Co. Antrim
BT7 1NH
J&M RENTAL PROPERTY LTD
REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF J&M RENTAL PROPERTY LTD (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
________________________________________________________________________________________
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J&M Rental Property Ltd for the year ended 31 October 2023 which comprise the Balance Sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of J&M Rental Property Ltd, as a body, in accordance with the terms of our engagement letter dated 1 September 2024. Our work has been undertaken solely to prepare for your approval the financial statements of J&M Rental Property Ltd and state those matters that we have agreed to state to the board of directors of J&M Rental Property Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J&M Rental Property Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that J&M Rental Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J&M Rental Property Ltd. You consider that J&M Rental Property Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of J&M Rental Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Kelly & O'Neill Ltd
15E Molesworth Street
Cookstown
Co. Tyrone
BT80 8NX
22 October 2024
J&M RENTAL PROPERTY LTD
BALANCE SHEET
31 OCTOBER 2023
_______________________________________________________________________________________
2023 2022
£ £
Fixed assets 332,197 206,803
_______ _______
Current assets 19,515 40,495
Creditors: amounts falling due within one year ( 49,578) ( 73,524)
_______ _______
Net current liabilities ( 30,063) ( 33,029)
_______ _______
Total assets less current liabilities 302,134 173,774
Creditors: amounts falling due after more than one year ( 16,719) ( 44,238)
Accruals and deferred income ( 1,290) ( 1,200)
_______ _______
Net assets 284,125 128,336
_______ _______
Capital and reserves 284,125 128,336
_______ _______
Notes to the financial statements
J&M RENTAL PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
_________________________________________________________________________________________
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: Nil).
2. Directors advances, credits and guarantees
Balance brought forward and o/standing Balance brought forward and o/standing
2023 2022
£ £
Mr Malachy Sheridan 6,448 6,448
_______ _______
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 22 October 2024 , and are signed on behalf of the board by:
Mr Malachy Sheridan
Director
Company registration number: NI648939
The company is a private company limited by shares, registered in Northern Ireland.