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REGISTERED NUMBER: 00664432 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

J.J.&M.HABEL LIMITED

J.J.&M.HABEL LIMITED (REGISTERED NUMBER: 00664432)

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

Chartered Accountants' Report 9

J.J.&M.HABEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: G D Habel



SECRETARY: Mrs J Habel



REGISTERED OFFICE: Avebury House
6 St Peter Street
Winchester
Hampshire
SO23 8BN



REGISTERED NUMBER: 00664432 (England and Wales)



ACCOUNTANTS: Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN



BANKERS: National Westminster Bank plc
105 High Street
Winchester
Hampshire
SO23 9AW

J.J.&M.HABEL LIMITED (REGISTERED NUMBER: 00664432)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 549 -
Investments 5 - 212,082
Investment property 6 4,342,343 3,680,000
4,342,892 3,892,082

CURRENT ASSETS
Debtors 7 332,847 277,781
Investments 8 - 46,647
Cash at bank 72,828 282,118
405,675 606,546
CREDITORS
Amounts falling due within one year 9 191,534 43,477
NET CURRENT ASSETS 214,141 563,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,557,033

4,455,151

CREDITORS
Amounts falling due after more than one
year

10

(711,549

)

(432,300

)

PROVISIONS FOR LIABILITIES (391,161 ) (399,345 )
NET ASSETS 3,454,323 3,623,506

J.J.&M.HABEL LIMITED (REGISTERED NUMBER: 00664432)

BALANCE SHEET - continued
30 APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2,885 2,885
Capital redemption reserve 750 750
Fair value reserve 2,365,413 2,365,413
Retained earnings 1,085,275 1,254,458
SHAREHOLDERS' FUNDS 3,454,323 3,623,506

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.

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 30 January 2025 and were signed by:





G D Habel - Director


J.J.&M.HABEL LIMITED (REGISTERED NUMBER: 00664432)

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


1. STATUTORY INFORMATION

J.J.&M.Habel Limited 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.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method.

Depreciation is provided on the following basis:

Fixtures & Fittings - Straight line over 15 years
Office Equipment - Straight line over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Investment property
Investment property is included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement and accumulated in the fair value reserve. Deferred tax is provided on these gains at the rate and allowances expected to apply when the property is sold.

Financial instruments
The company has the following basic financial instruments:

- Short term debtors and creditors
- Bank loans

Short term debtors and creditors are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Bank loans are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Non basic financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

J.J.&M.HABEL LIMITED (REGISTERED NUMBER: 00664432)

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


2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.

Other operating income
Other operating income includes amounts of rent receivable from the company's investment properties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

J.J.&M.HABEL LIMITED (REGISTERED NUMBER: 00664432)

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


4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 May 2023 565
Additions 659
At 30 April 2024 1,224
DEPRECIATION
At 1 May 2023 565
Charge for year 110
At 30 April 2024 675
NET BOOK VALUE
At 30 April 2024 549
At 30 April 2023 -

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investment 212,082 212,082
Other investment - disposal (212,082 ) -
- 212,082

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 3,680,000
Additions 662,343
At 30 April 2024 4,342,343
NET BOOK VALUE
At 30 April 2024 4,342,343
At 30 April 2023 3,680,000

J.J.&M.HABEL LIMITED (REGISTERED NUMBER: 00664432)

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


6. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 1997 224,814
Valuation in 2002 545,933
Valuation in 2017 1,763,481
Valuation in 2018 150,000
Valuation in 2020 24,962
Valuation in 2022 55,290
Valuation in 2023 (32,526 )
Cost 1,610,389
4,342,343

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

2024 2023
£    £   
Cost 1,610,389 948,046

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 133 -
Other debtors 332,714 277,781
332,847 277,781

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other - 46,647

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 3,229
Taxation and social security 2,391 2,644
Other creditors 189,143 37,604
191,534 43,477

J.J.&M.HABEL LIMITED (REGISTERED NUMBER: 00664432)

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


10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 300,407 -
Other creditors 411,142 432,300
711,549 432,300

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
G D Habel
Balance outstanding at start of year 98,763 33,453
Amounts advanced 60,661 142,761
Amounts repaid (300,637 ) (77,451 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (141,213 ) 98,763

Interest is charged on loans from the company to the director at the HMRC approved rate. Interest is not charged on loans (from) the Director to the company. All loans between the company and the director are repayable on demand.

12. RELATED PARTY DISCLOSURES

Mrs J Habel
Company secretary and wife of director

At the balance sheet date a loan of £300,407 from Mrs J Habel to the company was outstanding.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
J.J.&M.HABEL LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.J.&M.Habel Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of J.J.&M.Habel Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J.J.&M.Habel Limited and state those matters that we have agreed to state to the director of J.J.&M.Habel Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.J.&M.Habel Limited and its director for our work or for this report.

It is your duty to ensure that J.J.&M.Habel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J.J.&M.Habel Limited. You consider that J.J.&M.Habel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.J.&M.Habel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN


30 January 2025