2023-03-012024-02-292024-02-29false12477801JASB PROPERTIES 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JASB PROPERTIES LTD

Registered Number
12477801
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

JASB PROPERTIES LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Jane Peggy Anne Bouri
Jared Alexander Sunil Bouri

Registered Address

1st Floor 190 Portland Road
Newcastle Upon Tyne
NE2 1DJ

Registered Number

12477801 (England and Wales)
JASB PROPERTIES LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments4571,513486,994
571,513486,994
Current assets
Debtors1,000595
Cash at bank and on hand30,1352,497
31,1353,092
Creditors amounts falling due within one year(451,344)(345,867)
Net current assets (liabilities)(420,209)(342,775)
Total assets less current liabilities151,304144,219
Creditors amounts falling due after one year(74,357)(79,801)
Provisions for liabilities(12,113)(12,491)
Net assets64,83451,927
Capital and reserves
Called up share capital100100
Profit and loss account64,73451,827
Shareholders' funds64,83451,927
The financial statements were approved and authorised for issue by the Board of Directors on 26 November 2024, and are signed on its behalf by:
Jared Alexander Sunil Bouri
Director
Registered Company No. 12477801
JASB PROPERTIES LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover represents rent receivable from residential tenants.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the 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 assets and liabilities are not discounted.
Investments
Investments in property are are shown at most recent valuation. Property investments are measured at fair value and any changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Deferred tax
As the fair value movement is recognised in the profit or loss account, the deferred tax on the remeasurement of the investment property is also recognised in the profit or loss account.
4.Fixed asset investments

Total

£
Cost or valuation
At 01 March 23486,994
Additions86,513
Revaluations(1,994)
At 29 February 24571,513
Net book value
At 29 February 24571,513
At 28 February 23486,994