JF Property Trading Limited 12390320 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 12390320 2023-02-01 2024-01-31 12390320 2024-01-31 12390320 bus:OrdinaryShareClass1 2024-01-31 12390320 core:CurrentFinancialInstruments 2024-01-31 12390320 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 12390320 core:Non-currentFinancialInstruments 2024-01-31 12390320 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 12390320 bus:SmallEntities 2023-02-01 2024-01-31 12390320 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12390320 bus:FilletedAccounts 2023-02-01 2024-01-31 12390320 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12390320 bus:RegisteredOffice 2023-02-01 2024-01-31 12390320 bus:Director1 2023-02-01 2024-01-31 12390320 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 12390320 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12390320 core:OtherRelatedParties 2023-02-01 2024-01-31 12390320 countries:England 2023-02-01 2024-01-31 12390320 2022-02-01 2023-01-31 12390320 2023-01-31 12390320 bus:OrdinaryShareClass1 2023-01-31 12390320 core:CurrentFinancialInstruments 2023-01-31 12390320 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 12390320 core:Non-currentFinancialInstruments 2023-01-31 12390320 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12390320

JF Property Trading Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

JF Property Trading Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

JF Property Trading Limited

Company Information

Director

Jake Fairclough

Registered office

Jsm Partners Limited Brightfield Business Hub, Bakewell Road, Orton Southgate
Peterborough
PE2 6XU

Accountants

Phil Owen and Co Limited
Chartered Accountant
22 Pall Mall
Liverpool
Merseyside
L3 6AL

 

JF Property Trading Limited

(Registration number: 12390320)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

25,065

25,064

Cash at bank and in hand

 

-

4,008

 

25,065

29,072

Creditors: Amounts falling due within one year

5

(6,319)

(11,242)

Total assets less current liabilities

 

18,746

17,830

Creditors: Amounts falling due after more than one year

5

(21,820)

(19,490)

Net liabilities

 

(3,074)

(1,660)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(3,075)

(1,661)

Shareholders' deficit

 

(3,074)

(1,660)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 October 2024
 

.........................................
Jake Fairclough
Director

 

JF Property Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Jsm Partners Limited Brightfield Business Hub, Bakewell Road, Orton Southgate
Peterborough
PE2 6XU

These financial statements were authorised for issue by the director on 17 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

JF Property Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Current

2024
£

2023
£

Other debtors

25,065

25,064

 

25,065

25,064

 

JF Property Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

4,454

8,628

Accruals and deferred income

 

510

510

Other creditors

 

1,355

2,104

 

6,319

11,242

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

21,820

19,490

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

21,820

19,490

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,440

8,628

Bank overdrafts

14

-

4,454

8,628

 

JF Property Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

8

Related party transactions

Summary of transactions with other related parties

During the year ended 31st January 2024 JF Property Trading Limited loaned £25,000 to JF Property Group Limited. (2023 £25,000)

Jake Fairclough is the director of JF Property Group Limited.