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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
Page
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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
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Jl Assets Ltd Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
781,085 
Current assets
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)
Net liabilities
(33,942)
Capital and reserves
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
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Jl Assets Ltd Notes to the Accounts for the period from 22 May 2023 to 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
At 22 May 2023
- 
- 
- 
- 
Additions
773,541 
4,240 
4,970 
782,751 
At 31 May 2024
773,541 
4,240 
4,970 
782,751 
Depreciation
Charge for the period
- 
424 
1,242 
1,666 
At 31 May 2024
- 
424 
1,242 
1,666 
Net book value
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
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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 
Accruals
675 
4,677 
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 
812,115 
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.
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