Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseOther letting and operating of own or leased real estate33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13426806 2023-06-01 2024-05-31 13426806 2022-06-01 2023-05-31 13426806 2024-05-31 13426806 2023-05-31 13426806 c:Director2 2023-06-01 2024-05-31 13426806 d:LeaseholdInvestmentProperty 2024-05-31 13426806 d:LeaseholdInvestmentProperty 2023-05-31 13426806 d:CurrentFinancialInstruments 2024-05-31 13426806 d:CurrentFinancialInstruments 2023-05-31 13426806 d:Non-currentFinancialInstruments 2024-05-31 13426806 d:Non-currentFinancialInstruments 2023-05-31 13426806 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 13426806 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13426806 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 13426806 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 13426806 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 13426806 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 13426806 d:ShareCapital 2024-05-31 13426806 d:ShareCapital 2023-05-31 13426806 d:InvestmentPropertiesRevaluationReserve 2023-06-01 2024-05-31 13426806 d:InvestmentPropertiesRevaluationReserve 2024-05-31 13426806 d:InvestmentPropertiesRevaluationReserve 2023-05-31 13426806 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 13426806 d:RetainedEarningsAccumulatedLosses 2024-05-31 13426806 d:RetainedEarningsAccumulatedLosses 2023-05-31 13426806 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 13426806 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 13426806 c:FRS102 2023-06-01 2024-05-31 13426806 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13426806 c:FullAccounts 2023-06-01 2024-05-31 13426806 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13426806 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number:  13426806














JDT PROPERTY INVESTMENT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


 
JDT PROPERTY INVESTMENT LIMITED
REGISTERED NUMBER: 13426806

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
566,000
566,000

  
566,000
566,000

Current assets
  

Debtors: amounts falling due within one year
 5 
3,239
450

Cash at bank and in hand
 6 
52,301
61,920

  
55,540
62,370

Creditors: amounts falling due within one year
 7 
(165,857)
(173,339)

Net current liabilities
  
 
 
(110,317)
 
 
(110,969)

Total assets less current liabilities
  
455,683
455,031

Creditors: amounts falling due after more than one year
 8 
(405,000)
(405,000)

Provisions for liabilities
  

Deferred tax
  
(8,575)
(8,575)

  
 
 
(8,575)
 
 
(8,575)

Net assets
  
42,108
41,456


Capital and reserves
  

Called up share capital 
  
200
200

Investment property reserve
  
36,558
36,558

Profit and loss account
  
5,350
4,698

  
42,108
41,456


Page 1

 
JDT PROPERTY INVESTMENT LIMITED
REGISTERED NUMBER: 13426806
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Klin
Director

Date: 7 February 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act
2006 and registered in England and Wales (no.13426806). The address of the registered office is The
Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.
These financial statements present information about the company as an individual undertaking. The
principal activity of the company during the year was that of property rental.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 June 2023
566,000



At 31 May 2024
566,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
520,117
520,117

Accumulated depreciation and impairments
(31,206)
(20,805)

488,911
499,312

Page 5

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
250

Other debtors
200
200

Prepayments and accrued income
3,039
-

3,239
450



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
52,301
61,920

52,301
61,920



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,843
1,166

Other creditors
159,874
156,444

Accruals and deferred income
4,140
15,729

165,857
173,339


Page 6

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
405,000
405,000

405,000
405,000


The following liabilities were secured:

2024
2023
£
£



Bank Loan
405,000
405,000

405,000
405,000

Details of security provided:

The bank loans are secured by fixed and floating charges held against the investment properties owned by the company. 


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
405,000
405,000

405,000
405,000



10.


Deferred taxation




2024


£






At beginning of year
(8,575)



At end of year
(8,575)

Page 7

 
JDT PROPERTY INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised capital gains
(8,575)
(8,575)

(8,575)
(8,575)


11.


Reserves

Investment property revaluation reserve

Relates to the revaluation of the freehold property in current and prior periods.

Profit and loss account

Retained earnings includes all current and prior period profits and losses less dividends paid.


12.


Related party transactions

Included in other creditors is an amount of £159,873 (2023: £156,444) owed to the directors, no interest has been charged on the loan and it is repayable on demand. 


13.


Controlling party

The company is under the control of the directors.

 
Page 8