IRIS Accounts Production v24.3.2.46 14321067 director 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh143210672023-06-30143210672024-06-30143210672023-07-012024-06-30143210672022-08-25143210672022-08-262023-06-30143210672023-06-3014321067ns15:EnglandWales2023-07-012024-06-3014321067ns14:PoundSterling2023-07-012024-06-3014321067ns10:Director12023-07-012024-06-3014321067ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3014321067ns10:SmallEntities2023-07-012024-06-3014321067ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3014321067ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3014321067ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3014321067ns10:FullAccounts2023-07-012024-06-3014321067ns10:RegisteredOffice2023-07-012024-06-3014321067ns5:CurrentFinancialInstruments2024-06-3014321067ns5:CurrentFinancialInstruments2023-06-3014321067ns5:Non-currentFinancialInstruments2024-06-3014321067ns5:Non-currentFinancialInstruments2023-06-3014321067ns5:ShareCapital2024-06-3014321067ns5:ShareCapital2023-06-3014321067ns5:RetainedEarningsAccumulatedLosses2024-06-3014321067ns5:RetainedEarningsAccumulatedLosses2023-06-3014321067ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3014321067ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3014321067ns5:CurrentFinancialInstruments2023-07-012024-06-3014321067ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3014321067ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3014321067ns5:Secured2024-06-3014321067ns5:Secured2023-06-30
REGISTERED NUMBER: 14321067 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

JR & LRS Ltd

JR & LRS Ltd (Registered number: 14321067)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JR & LRS Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J R Sanchez





REGISTERED OFFICE: 120 Queens Road
Leicester
Leicestershire
LE2 3FL





REGISTERED NUMBER: 14321067 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

JR & LRS Ltd (Registered number: 14321067)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Investment property 4 197,067 197,067

CURRENT ASSETS
Debtors 5 - 750
Cash at bank 658 2,151
658 2,901
CREDITORS
Amounts falling due within one year 6 (61,433 ) (59,225 )
NET CURRENT LIABILITIES (60,775 ) (56,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,292

140,743

CREDITORS
Amounts falling due after more than one
year

7

(142,499

)

(142,499

)
NET LIABILITIES (6,207 ) (1,756 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (6,208 ) (1,757 )
(6,207 ) (1,756 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JR & LRS Ltd (Registered number: 14321067)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2025 and were signed by:





J R Sanchez - Director


JR & LRS Ltd (Registered number: 14321067)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

JR & LRS Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the directors to maintain the necessary financial support.

Turnover
Rental income is recognised on a receivable basis during the year, exclusive of Value Added Tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

JR & LRS Ltd (Registered number: 14321067)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 197,067
NET BOOK VALUE
At 30 June 2024 197,067
At 30 June 2023 197,067

Investment properties were valued by the director on 30 June 2024 on an open market basis.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 61,433 59,225

Other creditors includes accruals and deferred income of £909 (2023: £900).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 142,499 142,499

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 142,499 142,499

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 142,499 142,499

The bank loans are secured over the investment property.