Registered number
03802447
Jacobs Properties Sales and Lettings Ltd
Filleted Accounts
31 March 2024
Jacobs Properties Sales and Lettings Ltd
Registered number: 03802447
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 7,280 8,260
Current assets
Debtors 3 2,029 1,844
Cash at bank and in hand (60) 4,438
1,969 6,282
Creditors: amounts falling due within one year 4 (18,770) (16,033)
Net current liabilities (16,801) (9,751)
Total assets less current liabilities (9,521) (1,491)
Creditors: amounts falling due after more than one year 5 (38,745) (32,060)
Net liabilities (48,266) (33,551)
Capital and reserves
Called up share capital 2 2
Profit and loss account (48,268) (33,553)
Shareholder's funds (48,266) (33,551)
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 G Coombs
Director
Approved by the board on 23 October 2024
Jacobs Properties Sales and Lettings Ltd
Notes to the Accounts
for the year ended 31 March 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Debtors 2024 2023
£ £
Trade debtors 1,257 344
Other debtors 772 1,500
2,029 1,844
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 727 515
Taxation and social security costs 8,043 5,518
18,770 16,033
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,667 21,667
Director's current account 27,078 10,393
38,745 32,060
6 Going concern basis
The accounts have been prepared on a going concern basis.
The company is currently in profit, the directors current account is not immediately repayable neither is the bank loan
7 Other information
This is a private company limited by shares under the joint control of Mr and Mrs Coombs and is incorporated in England. Its registered office is:
Worting House
Basingstoke
RG23 8PY
Jacobs Properties Sales and Lettings Ltd 03802447 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 J G Coombs No description of principal activity 03802447 2022-04-01 2023-03-31 03802447 core:WithinOneYear 2023-03-31 03802447 core:AfterOneYear 2023-03-31 03802447 core:ShareCapital 2023-03-31 03802447 core:RetainedEarningsAccumulatedLosses 2023-03-31 03802447 2023-04-01 2024-03-31 03802447 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03802447 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03802447 bus:Director40 2023-04-01 2024-03-31 03802447 1 2023-04-01 2024-03-31 03802447 2 2023-04-01 2024-03-31 03802447 countries:England 2023-04-01 2024-03-31 03802447 bus:FRS102 2023-04-01 2024-03-31 03802447 bus:FilletedAccounts 2023-04-01 2024-03-31 03802447 2024-03-31 03802447 core:WithinOneYear 2024-03-31 03802447 core:AfterOneYear 2024-03-31 03802447 core:ShareCapital 2024-03-31 03802447 core:RetainedEarningsAccumulatedLosses 2024-03-31 03802447 2023-03-31 iso4217:GBP xbrli:pure