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REGISTERED NUMBER: 10600764 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

J2T Properties Ltd

J2T Properties Ltd (Registered number: 10600764)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J2T Properties Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J E T Cooper





SECRETARY: Mrs M L Cooper





REGISTERED OFFICE: Compton Farmhouse
Church Lane
Compton
Chichester
West Sussex
PO18 9HB





REGISTERED NUMBER: 10600764 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

J2T Properties Ltd (Registered number: 10600764)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 420,000 420,000

CURRENT ASSETS
Debtors 5 164,250 160,851
Cash at bank 6,428 7,223
170,678 168,074
CREDITORS
Amounts falling due within one year 6 563,912 572,991
NET CURRENT LIABILITIES (393,234 ) (404,917 )
TOTAL ASSETS LESS CURRENT LIABILITIES 26,766 15,083

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 25,766 14,083
SHAREHOLDERS' FUNDS 26,766 15,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

J2T Properties Ltd (Registered number: 10600764)

Balance Sheet - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2025 and were signed by:





J E T Cooper - Director


J2T Properties Ltd (Registered number: 10600764)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

J2T Properties Ltd 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.

Turnover
Turnover represents rent receivable during the year.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

J2T Properties Ltd (Registered number: 10600764)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 420,000
Additions 9,356
Revaluations (9,356 )
At 30 April 2024 420,000
NET BOOK VALUE
At 30 April 2024 420,000
At 30 April 2023 420,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2020 (616,433 )
Valuation in 2021 (230,000 )
Valuation in 2023 (8,531 )
Valuation in 2024 (9,356 )
Cost 1,284,320
420,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 1,284,320 1,274,964
Aggregate depreciation (51,096 ) (38,249 )

Investment property was valued on an open market basis on 30 April 2024 by J E T Cooper (Director) .

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Other debtors 29 29

J2T Properties Ltd (Registered number: 10600764)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS - continued
30.4.24 30.4.23
£    £   
Amounts falling due after more than one year:
Other debtors 164,221 160,822

Aggregate amounts 164,250 160,851

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 4,127 4,012
Other creditors 559,785 568,979
563,912 572,991

7. ULTIMATE CONTROLLING PARTY

The controlling party is J E T Cooper.