Company Registration No. 14883784 (England and Wales)
Jl Assets Ltd
Unaudited accounts
for the period from 22 May 2023 to 31 May 2024
Jl Assets Ltd
Unaudited accounts
Contents
Jl Assets Ltd
Company Information
for the period from 22 May 2023 to 31 May 2024
Directors
Steven Lilley
Sophie Lilley
Company Number
14883784 (England and Wales)
Registered Office
48-52 Penny Lane
Liverpool
L18 1DG
England
Accountants
Astute Accountancy Services Limited
30 Welton Drive
Wilmslow
Cheshire
SK9 6HE
Jl Assets Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
1,765
Creditors: amounts falling due within one year
(4,677)
Net current liabilities
(2,912)
Total assets less current liabilities
778,173
Creditors: amounts falling due after more than one year
(812,115)
Profit and loss account
(33,942)
Shareholders' funds
(33,942)
For the period ending 31 May 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 19 February 2025 and were signed on its behalf by
Steven Lilley
Director
Company Registration No. 14883784
Jl Assets Ltd
Notes to the Accounts
for the period from 22 May 2023 to 31 May 2024
Jl Assets Ltd is a private company, limited by shares, registered in England and Wales, registration number 14883784. The registered office is 48-52 Penny Lane, Liverpool, L18 1DG, England.
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 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.
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:
Plant & machinery
10% staight line
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
Additions
773,541
4,240
4,970
782,751
At 31 May 2024
773,541
4,240
4,970
782,751
Charge for the period
-
424
1,242
1,666
At 31 May 2024
-
424
1,242
1,666
At 31 May 2024
773,541
3,816
3,728
781,085
The company owns a property that is let as a FHL
Along with a piece of land
Jl Assets Ltd
Notes to the Accounts
for the period from 22 May 2023 to 31 May 2024
6
Creditors: amounts falling due within one year
2024
Loans from directors
4,002
7
Creditors: amounts falling due after more than one year
2024
Obligations under finance leases and hire purchase contracts
352,115
Amounts owed to group undertakings and other participating interests
330,000
Loans from directors
130,000
There are 3 long term loans to the company
There is an intercompany loan from Tired and Tested Limited £330,000
A Directors loan £130,000
A mortgage £352,115
8
Average number of employees
During the period the average number of employees was 0.