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Company Registration No. SC588259 (Scotland)
NJL Property Ltd Unaudited accounts for the year ended 31 March 2024
NJL Property Ltd Unaudited accounts Contents
Page
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NJL Property Ltd Company Information for the year ended 31 March 2024
Directors
Mrs Lynsey Jenkins Mr Nicholas Jenkins
Company Number
SC588259 (Scotland)
Registered Office
43 LINDSAY CIRCUS ROSEWELL EH24 9EN SCOTLAND
Accountants
Added Accounting Ltd 8 Whitehouse Crescent Gorebridge EH23 4FT
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NJL Property Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
60,000 
60,000 
Current assets
Debtors
- 
129 
Cash at bank and in hand
2,802 
453 
2,802 
582 
Creditors: amounts falling due within one year
(29,528)
(25,400)
Net current liabilities
(26,726)
(24,818)
Total assets less current liabilities
33,274 
35,182 
Creditors: amounts falling due after more than one year
(41,221)
(41,544)
Net liabilities
(7,947)
(6,362)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(8,047)
(6,462)
Shareholders' funds
(7,947)
(6,362)
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by
Mrs Lynsey Jenkins Director Company Registration No. SC588259
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NJL Property Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
NJL Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC588259. The registered office is 43 LINDSAY CIRCUS, ROSEWELL, EH24 9EN, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Fixtures & fittings
25% Straight line
Computer equipment
33% Straight line
Going concern
The accounts has been prepared as a going concern basis due to that the Directors have deferred the repayment of their loans until the company's assets exceeds its liabilities. The Directors support the company's ongoing operations with the Directors' Loan.
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NJL Property Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
60,000 
215 
414 
60,629 
At 31 March 2024
60,000 
215 
414 
60,629 
Depreciation
At 1 April 2023
- 
215 
414 
629 
At 31 March 2024
- 
215 
414 
629 
Net book value
At 31 March 2024
60,000 
- 
- 
60,000 
At 31 March 2023
60,000 
- 
- 
60,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
129 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,731 
4,386 
Other creditors
- 
500 
Loans from directors
24,215 
19,974 
Accruals
582 
540 
29,528 
25,400 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
41,221 
41,544 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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