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REGISTERED NUMBER: 06128650 (England and Wales)


















J T C Properties (Nott'm) Limited

Unaudited Financial Statements

for the Year Ended 29th February 2024






J T C Properties (Nott'm) Limited (Registered number: 06128650)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J T C Properties (Nott'm) Limited

Company Information
for the Year Ended 29th February 2024







DIRECTORS: Mr T J Ingle
Ms J H Ingle
Mr C D Ingle





SECRETARY: Ms J H Ingle





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottingham
NG2 6AB





REGISTERED NUMBER: 06128650 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

J T C Properties (Nott'm) Limited (Registered number: 06128650)

Balance Sheet
29th February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 5 300,000 300,000

CURRENT ASSETS
Cash at bank 125,778 120,444

CREDITORS
Amounts falling due within one year 6 (272,497 ) (273,986 )
NET CURRENT LIABILITIES (146,719 ) (153,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,281

146,458

CAPITAL AND RESERVES
Called up share capital 7 3 3
Fair value reserve 8 31,388 31,388
Retained earnings 121,890 115,067
SHAREHOLDERS' FUNDS 153,281 146,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2024 and were signed on its behalf by:





Ms J H Ingle - Director


J T C Properties (Nott'm) Limited (Registered number: 06128650)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

J T C Properties (Nott'm) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is initially measured at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is not available without undue cost or effort, it shall be transferred to tangible assets and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2023
and 29th February 2024 300,000
NET BOOK VALUE
At 29th February 2024 300,000
At 28th February 2023 300,000

The investment property is carried at fair value in line with FRS102.

The directors consider the current valuation to represent an accurate reflection of market value.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,520 4,054
Other creditors 269,977 269,932
272,497 273,986

J T C Properties (Nott'm) Limited (Registered number: 06128650)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary 3 3 3

8. RESERVES
Fair
value
reserve
£   
At 1st March 2023
and 29th February 2024 31,388

This reserve arose under the implementation of FRS 102 and the subsequent reclassification of the investment property from cost to fair value. This reserve is non-distributable.