J.H.D Properties Limited 09166625 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Rental properties Digita Accounts Production Advanced 6.30.9574.0 true true 09166625 2023-09-01 2024-08-31 09166625 2024-08-31 09166625 bus:OrdinaryShareClass1 2024-08-31 09166625 core:RetainedEarningsAccumulatedLosses 2024-08-31 09166625 core:ShareCapital 2024-08-31 09166625 core:CurrentFinancialInstruments 2024-08-31 09166625 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 09166625 core:FurnitureFittingsToolsEquipment 2024-08-31 09166625 bus:SmallEntities 2023-09-01 2024-08-31 09166625 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09166625 bus:FullAccounts 2023-09-01 2024-08-31 09166625 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09166625 bus:RegisteredOffice 2023-09-01 2024-08-31 09166625 bus:Director1 2023-09-01 2024-08-31 09166625 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 09166625 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09166625 bus:Agent1 2023-09-01 2024-08-31 09166625 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 09166625 core:ShareCapital 2023-09-01 2024-08-31 09166625 core:FurnitureFittings 2023-09-01 2024-08-31 09166625 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 09166625 core:InvestmentPropertyIncludedWithinPPE 2023-09-01 2024-08-31 09166625 core:OfficeEquipment 2023-09-01 2024-08-31 09166625 countries:AllCountries 2023-09-01 2024-08-31 09166625 dpl:AdministrativeExpenses 2023-09-01 2024-08-31 09166625 2023-08-31 09166625 core:RetainedEarningsAccumulatedLosses 2023-08-31 09166625 core:ShareCapital 2023-08-31 09166625 core:FurnitureFittingsToolsEquipment 2023-08-31 09166625 2022-09-01 2023-08-31 09166625 2023-08-31 09166625 bus:OrdinaryShareClass1 2023-08-31 09166625 core:CurrentFinancialInstruments 2023-08-31 09166625 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09166625 core:FurnitureFittingsToolsEquipment 2023-08-31 09166625 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 09166625 core:ShareCapital 2022-09-01 2023-08-31 09166625 dpl:AdministrativeExpenses 2022-09-01 2023-08-31 09166625 2022-08-31 09166625 core:RetainedEarningsAccumulatedLosses 2022-08-31 09166625 core:ShareCapital 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09166625

J.H.D Properties Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

J.H.D Properties Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

iXBRL Detailed Profit and Loss Account

13

 

J.H.D Properties Limited

Company Information

Director

Mr Javid Hussain Dad

Registered office

34 Lister Street
Accrington
Lancashire
BB5 1TA

Accountants

A.Y.A ACCOUNTANTS
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

 

J.H.D Properties Limited

Director's Report for the Year Ended 31 August 2024

The director presents his report and the financial statements for the year ended 31 August 2024.

Director of the company

The director who held office during the year was as follows:

Mr Javid Hussain Dad

Principal activity

The principal activity of the company is Rental properties

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 4 October 2024
 

.........................................
Mr Javid Hussain Dad
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
J.H.D Properties Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J.H.D Properties Limited for the year ended 31 August 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of J.H.D Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of J.H.D Properties Limited and state those matters that we have agreed to state to the Board of Directors of J.H.D Properties Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.H.D Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that J.H.D Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J.H.D Properties Limited. You consider that J.H.D Properties 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 accounts of J.H.D Properties 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 accounts.

......................................

A.Y.A ACCOUNTANTS
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

4 October 2024

 

J.H.D Properties Limited

Profit and Loss Account for the Year Ended 31 August 2024

Note

2024
£

2023
£

Turnover

 

33,200

22,090

Gross profit

 

33,200

22,090

Administrative expenses

 

(30,333)

(14,264)

Operating profit

 

2,867

7,826

Profit before tax

4

2,867

7,826

Tax on profit

 

(1,051)

(992)

Profit for the financial year

 

1,816

6,834

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

J.H.D Properties Limited

Statement of Comprehensive Income for the Year Ended 31 August 2024

2024
£

2023
£

Profit for the year

1,816

6,834

Total comprehensive income for the year

1,816

6,834

 

J.H.D Properties Limited

(Registration number: 09166625)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

684

855

Investment property

6

130,000

210,000

 

130,684

210,855

Current assets

 

Cash at bank and in hand

 

98,417

14,022

Creditors: Amounts falling due within one year

8

(215,412)

(213,004)

Net current liabilities

 

(116,995)

(198,982)

Net assets

 

13,689

11,873

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

13,589

11,773

Shareholders' funds

 

13,689

11,873

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 4 October 2024
 

.........................................
Mr Javid Hussain Dad
Director

 

J.H.D Properties Limited

Statement of Changes in Equity for the Year Ended 31 August 2024

Share capital
£

Retained earnings
£

Total
£

At 1 September 2023

100

11,773

11,873

Profit for the year

-

1,816

1,816

At 31 August 2024

100

13,589

13,689

Share capital
£

Retained earnings
£

Total
£

At 1 September 2022

100

4,939

5,039

Profit for the year

-

6,834

6,834

At 31 August 2023

100

11,773

11,873

 

J.H.D Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
34 Lister Street
Accrington
Lancashire
BB5 1TA

These financial statements were authorised for issue by the director on 4 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

J.H.D Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

20% reducing balance

20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

J.H.D Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

171

214

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

2,097

2,097

At 31 August 2024

2,097

2,097

Depreciation

At 1 September 2023

1,242

1,242

Charge for the year

171

171

At 31 August 2024

1,413

1,413

Carrying amount

At 31 August 2024

684

684

At 31 August 2023

855

855

6

Investment properties

2024
£

At 1 September

210,000

Disposals

(80,000)

At 31 August

130,000

There has been no valuation of investment property by an independent valuer.

 

J.H.D Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Debtors

Current

2024
£

2023
£

 

-

-

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

213,796

211,632

Taxation and social security

 

1,046

992

Accruals and deferred income

 

570

380

 

215,412

213,004

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

10

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

213,796

211,632

11

Related party transactions

 

J.H.D Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

9,096

9,096

 

J.H.D Properties Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 31 August 2024

2024
£

2023
£

Turnover/revenue

33,200

22,090

Cost of sales

Opening stock/inventories

-

-

Closing stock/inventories

-

-

Gross profit

33,200

22,090

Distribution costs

Administrative expenses

Audit and accountancy other services

(570)

(380)

Rent, rates and services costs

(1,040)

(1,040)

Utilities costs

-

(556)

Other repairs and maintenance costs

(7,821)

(92)

Depreciation of fixed assets

(171)

(214)

Wages and salaries excluding directors

(4,919)

-

Salaries and fees, directors

(9,096)

(9,096)

Travel and subsistence

(147)

(218)

Legal and professional costs

(3,400)

(1,358)

Bank charges

(77)

(84)

Insurance costs

(595)

(1,226)

Charitable donations

(1)

-

Other operating income

Other items

Loss from disposal of fixed assets

(2,496)

-

Profit on ordinary activities before taxation

2,867

7,826

Tax on profit or loss on ordinary activities

(1,051)

(992)

Profit for the financial year

1,816

6,834