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REGISTERED NUMBER: NI617674 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

JEANIE PROPERTIES LTD

JEANIE PROPERTIES LTD (REGISTERED NUMBER: NI617674)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


JEANIE PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: DJ Maguire
L J Maguire
W S Maguire
Mrs M Maguire



REGISTERED OFFICE: c/o 8 Inishkeen
Old Eglish Road
Dungannon
BT71 7DL



REGISTERED NUMBER: NI617674 (Northern Ireland)



ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG



BANKERS: Santander UK plc
Belfast Corporate Banking Centre
Santander House
1 Mays Meadow
Belfast
BT1 3PH



SOLICITORS: Kempton Law Limited
Suite 16
Armagh Business Park
Hamiltonsbawn Road
Armagh
BT60 1HW

JEANIE PROPERTIES LTD (REGISTERED NUMBER: NI617674)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 555,000 540,000

CURRENT ASSETS
Cash at bank - 2,923

CREDITORS
Amounts falling due within one year 5 131,081 132,223
NET CURRENT LIABILITIES (131,081 ) (129,300 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,919

410,700

CREDITORS
Amounts falling due after more than one
year

6

(11,760

)

(37,305

)

PROVISIONS FOR LIABILITIES (62,275 ) (58,825 )
NET ASSETS 349,884 314,570

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 208,485 196,935
Retained earnings 141,299 117,535
SHAREHOLDERS' FUNDS 349,884 314,570

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 directors acknowledge their 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.

JEANIE PROPERTIES LTD (REGISTERED NUMBER: NI617674)

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 Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





DJ Maguire - Director


JEANIE PROPERTIES LTD (REGISTERED NUMBER: NI617674)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Jeanie Properties Ltd is a private company, limited by shares , registered in Northern Ireland. 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
The estimate and assumptions that have a significant risk of causing a material adjustments to the carrying amounts of assets and liabilities are as follows:

- Valuation of investment property:

Investment properties are held at fair value and determined annually by directors. These are derived from observable market prices adjusted if necessary for any difference in nature, location or condition of the specific asset or based on estimates established by the company directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is accounted for using the fair value model. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

- Loans and borrowings
All loans and borrowings are initially measured at the present value of future payments and subsequently at amorised cost using the effective interest method.

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.


JEANIE PROPERTIES LTD (REGISTERED NUMBER: NI617674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 540,000
Revaluations 15,000
At 30 April 2024 555,000
NET BOOK VALUE
At 30 April 2024 555,000
At 30 April 2023 540,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 225,760
Valuation in 2023 30,000
Valuation in 2024 15,000
Cost 284,240
555,000

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

30.4.24 30.4.23
£    £   
Cost 284,240 284,240

JEANIE PROPERTIES LTD (REGISTERED NUMBER: NI617674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 26,587 23,210
Trade creditors 28,200 34,349
Taxation and social security 6,034 4,452
Other creditors 70,260 70,212
131,081 132,223

Included in other creditors is an amount of £68,562 (2023: £68,562) in relation to Directors Current Account.This amount is interest free and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,760 37,305

7. SECURED DEBTS

The loan is secured by way of a first legal charge over the company's investment properties, a debenture over all the assets and undertakings of the company and a personal guarantee by one of the directors amounting to £50,000.