Company Registration No. 12443799 (England and Wales)
J AND T PROPERTY DEVELOPMENTS LTD
Unaudited accounts
for the year ended 29 February 2024
J AND T PROPERTY DEVELOPMENTS LTD
Unaudited accounts
Contents
J AND T PROPERTY DEVELOPMENTS LTD
Company Information
for the year ended 29 February 2024
Directors
Mr. Joseph Llewellyn Olszanski
Mr. Thomas Czeslaw Olszanski
Company Number
12443799 (England and Wales)
Registered Office
The Burcott
Roman Road
Hereford
HR1 1JX
Accountants
Stoke Newington Accountants & Tax Consultants Ltd
4 Baird Road
Enfield
Middlesex
EN1 1SJ
J AND T PROPERTY DEVELOPMENTS LTD
Statement of financial position
as at 29 February 2024
Tangible assets
675,195
560,418
Cash at bank and in hand
29,718
447
Creditors: amounts falling due within one year
(53,973)
(10,204)
Net current assets
39,111
53,609
Total assets less current liabilities
714,306
614,027
Creditors: amounts falling due after more than one year
(709,149)
(614,969)
Net assets/(liabilities)
5,157
(942)
Called up share capital
100
100
Profit and loss account
5,057
(1,042)
Shareholders' funds
5,157
(942)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by
Mr. Thomas Czeslaw Olszanski
Director
Company Registration No. 12443799
J AND T PROPERTY DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 29 February 2024
J AND T PROPERTY DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12443799. The registered office is The Burcott, Roman Road, Hereford, HR1 1JX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation charged
J AND T PROPERTY DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
At 29 February 2024
675,195
At 29 February 2024
675,195
At 28 February 2023
560,418
Amounts falling due after more than one year
Other debtors
63,366
63,366
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,467
9,303
Amounts owed to group undertakings and other participating interests
36,368
-
Taxes and social security
1,186
-
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
592,295
468,429
Other creditors
98,429
133,897
Loans from directors
18,425
12,643
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Transactions with related parties
At the balance sheet date, where the director held controlling interest, the company owed the director £18,425.
The company's ultimate controlling party is Mr. Joseph Llewellyn Olszanski and Mr. Thomas Czeslaw Olszanski by virtue of their ownership of 100% of the issued share capital in the company.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).