JONA PROPERTIES LTD

Company Registration Number:
SC733525 (Scotland)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

JONA PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

JONA PROPERTIES LTD

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

Property Investment



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

L Gourlay
S Gourlay


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 February 2025

And signed on behalf of the board by:
Name: L Gourlay
Status: Director

JONA PROPERTIES LTD

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 200,720 200,720
Total fixed assets: 200,720 200,720
Current assets
Debtors: 4 750 750
Cash at bank and in hand: 13,206 7,118
Total current assets: 13,956 7,868
Creditors: amounts falling due within one year: 5 ( 72,329 ) ( 68,475 )
Net current assets (liabilities): (58,373) (60,607)
Total assets less current liabilities: 142,347 140,113
Creditors: amounts falling due after more than one year: 6 ( 144,482 ) ( 144,482 )
Total net assets (liabilities): (2,135) (4,369)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (2,137 ) (4,371 )
Total Shareholders' funds: ( 2,135 ) (4,369)

The notes form part of these financial statements

JONA PROPERTIES LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 February 2025
and signed on behalf of the board by:

Name: L Gourlay
Status: Director

The notes form part of these financial statements

JONA PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services supplied.

    Other accounting policies

    Judgements and key sources of estimated uncertainty The preparation of the financial statements requires management to make judgements estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances Going concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements.

JONA PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

JONA PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Fixed assets investments note

Investment property comprises of a commercial building and land available for rent. The fair value of the investment property has been arrived at on the basis of an internal valuation undertaken by the Directors at 31 May 2024 and based on the current market values of similar assets in the area of the company Investments. The Directors deem that the fair value of the assets is £200,720 If investment properties were stated on a historical cost basis rather than a fair value basis, the amounts would have been included at £200,720.

JONA PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Other debtors 750 750
Total 750 750

JONA PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 1,200 600
Other creditors 71,129 67,875
Total 72,329 68,475

JONA PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 144,482 144,482
Total 144,482 144,482