Registered number
13136371
NJS Properties London Limited
Filleted Accounts
31 January 2024
NJS Properties London Limited
Registered number: 13136371
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,751 4,571
Investments 4 635,930 547,546
639,681 552,117
Current assets
Debtors 5 4,545 228
Cash at bank and in hand 13,834 4,029
18,379 4,257
Creditors: amounts falling due within one year 6 (155,993) (71,638)
Net current liabilities (137,614) (67,381)
Total assets less current liabilities 502,067 484,736
Creditors: amounts falling due after more than one year 7 (463,450) (463,450)
Net assets 38,617 21,286
Capital and reserves
Called up share capital 4 4
Profit and loss account 38,613 21,282
Shareholders' funds 38,617 21,286
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 members have 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.
Ms Nicola Squire
Director
Approved by the board on 29 October 2024
NJS Properties London Limited
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 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.
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:
Fixtures, fittings, tools and equipment 25% Straight Line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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. 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
Plant and machinery etc
£
Cost
At 1 February 2023 6,885
Additions 1,202
At 31 January 2024 8,087
Depreciation
At 1 February 2023 2,314
Charge for the year 2,022
At 31 January 2024 4,336
Net book value
At 31 January 2024 3,751
At 31 January 2023 4,571
4 Investments
Other
investments
£
Cost
At 1 February 2023 547,546
Additions 88,384
At 31 January 2024 635,930
5 Debtors 2024 2023
£ £
Other debtors 4,545 228
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 300
Amounts owed to group undertakings and undertakings in which the company has a participating interest 150,835 67,171
Taxation and social security costs 4,258 2,473
Other creditors 900 1,694
155,993 71,638
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 463,450 463,450
8 Other information
NJS Properties London Limited is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
CH44 4BT
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