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REGISTERED NUMBER: 10863001 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 July 2024

for

Judgeland Properties Limited

Judgeland Properties Limited (Registered number: 10863001)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Judgeland Properties Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: G Mason





SECRETARY: Mrs H R Mason





REGISTERED OFFICE: 8 The Triangle
North Ferriby
East Yorkshire
HU14 3AT





REGISTERED NUMBER: 10863001 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Judgeland Properties Limited (Registered number: 10863001)

Report of the Director
for the Year Ended 31 July 2024


The director presents his report with the financial statements of the company for the year ended 31 July 2024.

DIRECTOR
G Mason held office during the whole of the period from 1 August 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G Mason - Director


4 December 2024

Judgeland Properties Limited (Registered number: 10863001)

Income Statement
for the Year Ended 31 July 2024

2024 2023
£    £   

TURNOVER - -

Administrative expenses (16,984 ) (34,363 )
(16,984 ) (34,363 )

Other operating income 37,702 38,091
OPERATING PROFIT 20,718 3,728


Interest payable and similar expenses (15,123 ) (12,065 )
PROFIT/(LOSS) BEFORE TAXATION 5,595 (8,337 )

Tax on profit/(loss) (1,063 ) (2,406 )
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

4,532

(10,743

)

Judgeland Properties Limited (Registered number: 10863001)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 614,000 614,000

CURRENT ASSETS
Cash at bank 5,146 4,182

CREDITORS
Amounts falling due within one year 5 155,084 154,713
NET CURRENT LIABILITIES (149,938 ) (150,531 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

464,062

463,469

CREDITORS
Amounts falling due after more than one
year

6

361,498

364,487
NET ASSETS 102,564 98,982

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 102,563 98,981
102,564 98,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 4 December 2024 and were signed by:



G Mason - Director


Judgeland Properties Limited (Registered number: 10863001)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Judgeland Properties 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors, are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Judgeland Properties Limited (Registered number: 10863001)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 614,000
NET BOOK VALUE
At 31 July 2024 614,000
At 31 July 2023 614,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2021 109,171
Valuation in 2022 20,100
Valuation in 2023 (21,000 )
Cost 505,729
614,000

The investment properties are revalued each year. This is done by comparing the market for like for like properties in the area.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,788 1,788
Taxation and social security 1,063 2,406
Other creditors 152,233 150,519
155,084 154,713

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 361,498 364,487

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 311,699 315,401

Repayable by instalments
Bank loans more 5 yr by instal 44,111 43,398