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Registered number: 13655739
JTJ Investments Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13655739
31 January 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,051,073 600,000
1,051,073 600,000
CURRENT ASSETS
Cash at bank and in hand 9,983 14,448
9,983 14,448
Creditors: Amounts Falling Due Within One Year 5 (575,592 ) (340,608 )
NET CURRENT ASSETS (LIABILITIES) (565,609 ) (326,160 )
TOTAL ASSETS LESS CURRENT LIABILITIES 485,464 273,840
Creditors: Amounts Falling Due After More Than One Year 6 (459,000 ) (228,579 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,552 ) (17,552 )
NET ASSETS 8,912 27,709
CAPITAL AND RESERVES
Called up share capital 100 100
Fair Value Reserve 52,655 52,655
Profit and Loss Account (43,843 ) (25,046 )
SHAREHOLDERS' FUNDS 8,912 27,709
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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 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.
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
Mr J D Wadman
Director
28/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
JTJ Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13655739 . The registered office is 5 Cornfield Terrace, Eastbourne, BN21 4NN.
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.
The presentation currency of the financial statements is the Pound Sterling (£).
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
31 January 2024
£
Fair Value
As at 1 February 2023 600,000
Additions 451,073
As at 31 January 2024 1,051,073
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 January 2024 31 January 2023
£ £
Cost 980,867 529,794
5. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 January 2023
£ £
Trade creditors 2,316 -
Bank loans and overdrafts 174,318 -
Other loans 223,095 170,949
Accruals and deferred income 175,863 169,659
575,592 340,608
6. Creditors: Amounts Falling Due After More Than One Year
31 January 2024 31 January 2023
£ £
Bank loans 459,000 228,579
459,000 228,579
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7. Secured Creditors
The bank loans and overdrafts are secured by a fixed and floating charge over the company’s assets.
Bank loans outstanding at the year end include instalments due after more than five years of £459,000 (2023: £nil).
31 January 2024 31 January 2023
£ £
Bank loans and overdrafts 633,318 228,579
8. Related Party Transactions
Included in creditors is an amount of £223,049 (2023: £170,949) and accrued expenses of £174,203 (2023: £169,046) owed to Stylo Renovations Ltd, a company under common control. These amounts are interest free and repayable on demand. 
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