Registered number
10531261
JBL Property Group DIV(04) Limited
Filleted Accounts
31 December 2023
JBL Property Group DIV(04) Limited
Registered number: 10531261
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Stocks 366,420 366,420
Debtors 3 186,805 184,053
Cash at bank and in hand 3,569 2,615
556,794 553,088
Creditors: amounts falling due within one year 4 (112,506) (97,075)
Net current assets 444,288 456,013
Total assets less current liabilities 444,288 456,013
Creditors: amounts falling due after more than one year 5 (501,716) (489,229)
Net liabilities (57,428) (33,216)
Capital and reserves
Called up share capital 100 100
Profit and loss account (57,528) (33,316)
Shareholder's funds (57,428) (33,216)
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.
J Levine
Director
Approved by the board on 24 October 2024
JBL Property Group DIV(04) Limited
Notes to the Accounts
for the year ended 31 December 2023
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Debtors 2023 2022
£ £
Trade debtors 700 2,210
Amounts owed by group undertakings and undertakings in which the company has a participating interest 186,105 181,843
186,805 184,053
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,849 -
Trade creditors 5,385 2,580
Amounts owed to group undertakings and undertakings in which the company has a participating interest 37,592 18,493
Other creditors 62,680 76,002
112,506 97,075
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 501,716 489,229
6 Other information
JBL Property Group DIV(04) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Building 18, Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
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