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REGISTERED NUMBER: 14139588 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

JB LASLETT PROPERTIES LIMITED

JB LASLETT PROPERTIES LIMITED (REGISTERED NUMBER: 14139588)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JB LASLETT PROPERTIES LIMITED

Company Information
for the year ended 30 September 2024







DIRECTOR: J B Laslett





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 14139588 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

JB LASLETT PROPERTIES LIMITED (REGISTERED NUMBER: 14139588)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,538 13,494
Investment property 5 982,000 982,000
991,538 995,494

CURRENT ASSETS
Debtors 6 3,952 -
Cash at bank 229,772 334,956
233,724 334,956
CREDITORS
Amounts falling due within one year 7 (1,603 ) (5,564 )
NET CURRENT ASSETS 232,121 329,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,223,659

1,324,886

PROVISIONS FOR LIABILITIES 8 (130,374 ) (131,125 )
NET ASSETS 1,093,285 1,193,761

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 1,093,284 1,193,760
SHAREHOLDERS' FUNDS 1,093,285 1,193,761

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

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

JB LASLETT PROPERTIES LIMITED (REGISTERED NUMBER: 14139588)

Balance Sheet - continued
30 September 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 14 January 2025 and were signed by:





J B Laslett - Director


JB LASLETT PROPERTIES LIMITED (REGISTERED NUMBER: 14139588)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

JB Laslett Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of consideration received or receivable and rental income is recognised on an accruals basis.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery-15% on cost
Motor vehicles-25% reducing balance
Computer equipment-33% on cost

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

The property has been valued using an open market valuation on freehold basis, conducted annually by John Laslett, a director.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


JB LASLETT PROPERTIES LIMITED (REGISTERED NUMBER: 14139588)

Notes to the Financial Statements - continued
for the year ended 30 September 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has not further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 1,850 13,754 3,995 19,599
DEPRECIATION
At 1 October 2023 370 4,312 1,423 6,105
Charge for year 277 2,361 1,318 3,956
At 30 September 2024 647 6,673 2,741 10,061
NET BOOK VALUE
At 30 September 2024 1,203 7,081 1,254 9,538
At 30 September 2023 1,480 9,442 2,572 13,494

JB LASLETT PROPERTIES LIMITED (REGISTERED NUMBER: 14139588)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 982,000
NET BOOK VALUE
At 30 September 2024 982,000
At 30 September 2023 982,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,952 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 3,523
Other creditors 1,603 2,041
1,603 5,564

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 130,374 131,125

Deferred
tax
£   
Balance at 1 October 2023 131,125
Utilised during year (751 )
Balance at 30 September 2024 130,374

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

JB LASLETT PROPERTIES LIMITED (REGISTERED NUMBER: 14139588)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2024 and the period ended 30 September 2023:

2024 2023
£    £   
J B Laslett
Balance outstanding at start of year - -
Amounts advanced 3,952 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,952 -