Registered number
10139503
JAUJAR PROPERTIES LTD
Filleted Accounts
30 April 2024
JAUJAR PROPERTIES LTD
Registered number: 10139503
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,140,000 1,070,000
Current assets
Cash at bank and in hand 13,783 16,336
Creditors: amounts falling due within one year 4 (285,198) (282,294)
Net current liabilities (271,415) (265,958)
Total assets less current liabilities 868,585 804,042
Creditors: amounts falling due after more than one year 5 (644,600) (644,600)
Provisions for liabilities (47,724) (30,224)
Net assets 176,261 129,218
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 7 143,172 90,672
Profit and loss account 32,089 37,546
Shareholders' funds 176,261 129,218
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Gurpal Kaur SIDHU
Director
Approved by the board on 8 January 2025
JAUJAR PROPERTIES LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes (if applicable). Turnover represents the value of rent receivable.
Investment properties
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2023 1,070,000
Surplus on revaluation 70,000
At 30 April 2024 1,140,000
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 1,140,000
At 30 April 2023 1,070,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 949,105 949,105
949,105 949,105
The investment properties were measured for fair value by the directors, and in their opinion the fair value of the investment property is fairly stated.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 1,196
Directors' loan account 283,999 279,899
Other creditors 1,199 1,199
285,198 282,294
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 644,600 644,600
6 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 644,600 644,600
Secured bank loans 644,600 644,600
The bank loan is secured by first charge over the freehold land and buildings held by the company.
7 Revaluation reserve 2024 2023
£ £
At 1 May 2023 90,672 90,672
Gain on revaluation of land and buildings 70,000 -
Deferred taxation arising on the revaluation of land and buildings (17,500) -
At 30 April 2024 143,172 90,672
8 Controlling party
The company is under the control of its director Mrs Gurpal Kaur SIDHU and her family.
9 Other information
JAUJAR PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
3 Craneswater Park
Southall
UB2 5RW
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