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REGISTERED NUMBER: SC341233 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

JOR PROPERTY LTD

JOR PROPERTY LTD (REGISTERED NUMBER: SC341233)






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


JOR PROPERTY LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J Ritchie
M J Ritchie





REGISTERED OFFICE: 184-192 Market Street
Aberdeen
AB11 5PQ





REGISTERED NUMBER: SC341233 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

JOR PROPERTY LTD (REGISTERED NUMBER: SC341233)

Balance Sheet
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,726 2,730
Tangible assets 5 1,306,063 1,092,900
1,345,789 1,095,630

CURRENT ASSETS
Stocks 158,014 168,897
Debtors 6 612,708 622,964
Cash at bank and in hand 78,490 59,177
849,212 851,038
CREDITORS
Amounts falling due within one year 7 672,587 609,395
NET CURRENT ASSETS 176,625 241,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,522,414

1,337,273

CREDITORS
Amounts falling due after more than one year 8 (1,004,047 ) (860,992 )

PROVISIONS FOR LIABILITIES 10 (45,897 ) (27,589 )
NET ASSETS 472,470 448,692

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 472,460 448,682
SHAREHOLDERS' FUNDS 472,470 448,692

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.

JOR PROPERTY LTD (REGISTERED NUMBER: SC341233)

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 30 January 2025 and were signed on its behalf by:




J Ritchie - Director



M J Ritchie - Director


JOR PROPERTY LTD (REGISTERED NUMBER: SC341233)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

JOR Property Ltd is a private company, limited by shares , registered in Scotland. 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Crypto Investments is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


JOR PROPERTY LTD (REGISTERED NUMBER: SC341233)

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 2,730
Additions 36,996
At 30 April 2024 39,726
NET BOOK VALUE
At 30 April 2024 39,726
At 30 April 2023 2,730

JOR PROPERTY LTD (REGISTERED NUMBER: SC341233)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 927,706 10,902 2,284
Additions 175,982 12,489 300
At 30 April 2024 1,103,688 23,391 2,584
DEPRECIATION
At 1 May 2023 - 10,902 1,947
Charge for year - 106 150
At 30 April 2024 - 11,008 2,097
NET BOOK VALUE
At 30 April 2024 1,103,688 12,383 487
At 30 April 2023 927,706 - 337

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 329,851 10,279 1,281,022
Additions 80,886 4,690 274,347
At 30 April 2024 410,737 14,969 1,555,369
DEPRECIATION
At 1 May 2023 173,425 1,848 188,122
Charge for year 58,038 2,890 61,184
At 30 April 2024 231,463 4,738 249,306
NET BOOK VALUE
At 30 April 2024 179,274 10,231 1,306,063
At 30 April 2023 156,426 8,431 1,092,900

JOR PROPERTY LTD (REGISTERED NUMBER: SC341233)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 243,999
Additions 80,886
Transfer to ownership (33,985 )
At 30 April 2024 290,900
DEPRECIATION
At 1 May 2023 88,358
Charge for year 57,711
Transfer to ownership (33,985 )
At 30 April 2024 112,084
NET BOOK VALUE
At 30 April 2024 178,816
At 30 April 2023 155,641

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 391,821 491,286
Other debtors 74,321 64,787
Directors' current accounts 79,157 7,972
Tax 26,715 32,990
Prepayments and accrued income 40,694 25,929
612,708 622,964

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 18,157 32,883
Hire purchase contracts 60,862 51,063
Trade creditors 173,710 178,908
Tax 44,383 17,174
Social security and other taxes 58,096 34,492
VAT 90,026 82,424
Other creditors 104,163 83,524
Directors' current accounts - 19,330
Accrued expenses 123,190 109,597
672,587 609,395

JOR PROPERTY LTD (REGISTERED NUMBER: SC341233)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 5,556 15,026
Bank loans - 2-5 years 874,131 736,498
Hire purchase contracts 124,360 109,468
1,004,047 860,992

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 897,844 784,407

There are various charges over the company in favour of The Royal Bank of Scotland PLC, Bank of Scotland PLC, Together Commercial Finance Limited, Lendinvest Btl Limited, The Mortgage Lender Limited and Allica Bank Limited.

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 45,897 27,589

Deferred
tax
£   
Balance at 1 May 2023 27,589
Accelerated Capital Allowances 18,308
Balance at 30 April 2024 45,897