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Registered number: 13222521
J N L PROPERTIES LTD
Unaudited Financial Statements
For The Year Ended 29 February 2024
James Bendrey Accountants Ltd
Boscawen Park
St Dennis
St Austell
Cornwall
PL26 8DT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13222521
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,562 33,203
26,562 33,203
CURRENT ASSETS
Debtors 5 2,456 5,173
Cash at bank and in hand 4,925 2,533
7,381 7,706
Creditors: Amounts Falling Due Within One Year 6 (120,103 ) (92,031 )
NET CURRENT ASSETS (LIABILITIES) (112,722 ) (84,325 )
TOTAL ASSETS LESS CURRENT LIABILITIES (86,160 ) (51,122 )
Creditors: Amounts Falling Due After More Than One Year 7 (22,073 ) (27,221 )
NET LIABILITIES (108,233 ) (78,343 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (108,234 ) (78,344 )
SHAREHOLDERS' FUNDS (108,233) (78,343)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs NICOLA LOOSLEY
Director
22/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
J N L PROPERTIES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13222521 . The registered office is Boscawen Park, St Dennis, St Austell, Cornwall, PL26 8DT.
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.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Computer Equipment 20% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 43,816 225 44,041
As at 29 February 2024 43,816 225 44,041
Depreciation
As at 1 March 2023 10,793 45 10,838
Provided during the period 6,605 36 6,641
As at 29 February 2024 17,398 81 17,479
Net Book Value
As at 29 February 2024 26,418 144 26,562
As at 1 March 2023 33,023 180 33,203
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,456 5,173
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,318 25,049
VAT 1,560 1,320
Accruals and deferred income 625 595
Director's loan account 85,600 65,067
120,103 92,031
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Close brothers finance 22,073 27,221
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4