Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11251168 Mr Joseph Lane Mrs Laura Lane iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11251168 2023-03-31 11251168 2024-03-31 11251168 2023-04-01 2024-03-31 11251168 frs-core:CurrentFinancialInstruments 2024-03-31 11251168 frs-core:Non-currentFinancialInstruments 2024-03-31 11251168 frs-core:FurnitureFittings 2024-03-31 11251168 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11251168 frs-core:FurnitureFittings 2023-03-31 11251168 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 11251168 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11251168 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 11251168 frs-core:MotorVehicles 2024-03-31 11251168 frs-core:MotorVehicles 2023-04-01 2024-03-31 11251168 frs-core:MotorVehicles 2023-03-31 11251168 frs-core:PlantMachinery 2024-03-31 11251168 frs-core:PlantMachinery 2023-04-01 2024-03-31 11251168 frs-core:PlantMachinery 2023-03-31 11251168 frs-core:OtherReservesSubtotal 2024-03-31 11251168 frs-core:RevaluationReserve 2023-04-01 2024-03-31 11251168 frs-core:RevaluationReserve 2024-03-31 11251168 frs-core:ShareCapital 2024-03-31 11251168 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11251168 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11251168 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11251168 frs-bus:SmallEntities 2023-04-01 2024-03-31 11251168 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11251168 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11251168 frs-bus:Director1 2023-04-01 2024-03-31 11251168 frs-bus:Director2 2023-04-01 2024-03-31 11251168 frs-core:CurrentFinancialInstruments 1 2024-03-31 11251168 frs-core:Non-currentFinancialInstruments 2 2024-03-31 11251168 frs-core:Non-currentFinancialInstruments 3 2024-03-31 11251168 frs-core:Non-currentFinancialInstruments 4 2024-03-31 11251168 frs-core:CurrentFinancialInstruments 5 2024-03-31 11251168 frs-core:Non-currentFinancialInstruments 5 2024-03-31 11251168 frs-core:CurrentFinancialInstruments 6 2024-03-31 11251168 frs-core:Non-currentFinancialInstruments 6 2024-03-31 11251168 frs-core:Non-currentFinancialInstruments 7 2024-03-31 11251168 frs-countries:EnglandWales 2023-04-01 2024-03-31 11251168 2022-03-31 11251168 2023-03-31 11251168 2022-04-01 2023-03-31 11251168 frs-core:CurrentFinancialInstruments 2023-03-31 11251168 frs-core:Non-currentFinancialInstruments 2023-03-31 11251168 frs-core:OtherReservesSubtotal 2023-03-31 11251168 frs-core:RevaluationReserve 2023-03-31 11251168 frs-core:ShareCapital 2023-03-31 11251168 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11251168 frs-core:CurrentFinancialInstruments 1 2023-03-31 11251168 frs-core:Non-currentFinancialInstruments 2 2023-03-31 11251168 frs-core:Non-currentFinancialInstruments 3 2023-03-31 11251168 frs-core:CurrentFinancialInstruments 4 2023-03-31 11251168 frs-core:Non-currentFinancialInstruments 4 2023-03-31 11251168 frs-core:CurrentFinancialInstruments 5 2023-03-31 11251168 frs-core:Non-currentFinancialInstruments 5 2023-03-31 11251168 frs-core:CurrentFinancialInstruments 6 2023-03-31 11251168 frs-core:Non-currentFinancialInstruments 6 2023-03-31 11251168 frs-core:Non-currentFinancialInstruments 7 2023-03-31
Registered number: 11251168
JLH Property Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
The Online Accountant
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11251168
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 479,145 458,731
479,145 458,731
CURRENT ASSETS
Debtors 5 14,627 3,161
Cash at bank and in hand 8,324 16,275
22,951 19,436
Creditors: Amounts Falling Due Within One Year 6 (12,250 ) (7,577 )
NET CURRENT ASSETS (LIABILITIES) 10,701 11,859
TOTAL ASSETS LESS CURRENT LIABILITIES 489,846 470,590
Creditors: Amounts Falling Due After More Than One Year 7 (454,719 ) (441,239 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (6,458 )
NET ASSETS 35,127 22,893
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 116,992 -
Other reserves - 53,537
Profit and Loss Account (81,965 ) (30,744 )
SHAREHOLDERS' FUNDS 35,127 22,893
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr Joseph Lane
Director
02/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JLH Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11251168 . The registered office is 111 Dovedale Road, Sunderland, SR6 8LS.
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:
Freehold 0%
Plant & Machinery 25% Straight Line Method
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% Straight Line Method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2023 442,000 2,790 3,100 24,537 472,427
Additions - - - 13,434 13,434
Revaluation 15,000 - - - 15,000
As at 31 March 2024 457,000 2,790 3,100 37,971 500,861
Depreciation
As at 1 April 2023 - 1,214 1,792 10,690 13,696
Provided during the period - 698 327 6,995 8,020
As at 31 March 2024 - 1,912 2,119 17,685 21,716
Net Book Value
As at 31 March 2024 457,000 878 981 20,286 479,145
As at 1 April 2023 442,000 1,576 1,308 13,847 458,731
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,156 2,971
Loan to B3R property Ltd @5% 190 190
Deferred tax current asset 11,279 -
14,625 3,161
Due after more than one year
Directors loan account 2 -
14,627 3,161
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,351 1,199
Bank loans and overdrafts 5,736 5,209
Other taxes and social security 413 281
4 Rosedale Tenant Deposit - 438
11 Wareness Street - Deposit 450 450
25 Pallion Tenant Deposits 1,300 -
12,250 7,577
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans ( Long Term liabilities - Creditors > 1 Year) 32,019 37,217
H & K Lane - Loan @ 7 % 30,000 30,000
Kent Reliance Mortgage-25 Pallion Rd - SR4 6ND - 65,025
The Mortgage lender -4 Rosedale Street SR1 3 RW 52,515 52,498
11 Warness Street -Interest Only Mortgage 51,129 51,129
Monmouthshire Building Society Mortgage 136,481 134,989
Aldermore Bank PLC - 25 Pallion Road 71,186 -
Directors loan account 81,389 70,381
454,719 441,239
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
Net investment property revaluation reserve 116,992
As at 31 March 2024 116,992
Page 5