IRIS Accounts Production v24.3.2.46 09139590 Board of Directors 1.11.23 31.10.24 31.10.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091395902023-10-31091395902024-10-31091395902023-11-012024-10-31091395902022-10-31091395902022-11-012023-10-31091395902023-10-3109139590ns15:EnglandWales2023-11-012024-10-3109139590ns14:PoundSterling2023-11-012024-10-3109139590ns10:Director12023-11-012024-10-3109139590ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3109139590ns10:SmallEntities2023-11-012024-10-3109139590ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3109139590ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3109139590ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3109139590ns10:FullAccounts2023-11-012024-10-3109139590ns10:OrdinaryShareClass12023-11-012024-10-3109139590ns10:Director22023-11-012024-10-3109139590ns10:RegisteredOffice2023-11-012024-10-3109139590ns5:CurrentFinancialInstruments2024-10-3109139590ns5:CurrentFinancialInstruments2023-10-3109139590ns5:ShareCapital2024-10-3109139590ns5:ShareCapital2023-10-3109139590ns5:RetainedEarningsAccumulatedLosses2024-10-3109139590ns5:RetainedEarningsAccumulatedLosses2023-10-3109139590ns5:LeaseholdImprovements2023-11-012024-10-3109139590ns5:LandBuildings2023-10-3109139590ns5:LeaseholdImprovements2023-10-3109139590ns5:LandBuildings2024-10-3109139590ns5:LeaseholdImprovements2024-10-3109139590ns5:LandBuildings2023-10-3109139590ns5:LeaseholdImprovements2023-10-3109139590ns10:OrdinaryShareClass12024-10-3109139590ns5:RetainedEarningsAccumulatedLosses2023-10-3109139590ns5:RetainedEarningsAccumulatedLosses2023-11-012024-10-31
REGISTERED NUMBER: 09139590 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

JB ASSETS LIMITED

JB ASSETS LIMITED (REGISTERED NUMBER: 09139590)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JB ASSETS LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr S J Burrell
Ms C Burrell





REGISTERED OFFICE: 53 Bloomfield Road
Harpenden
Hertfordshire
AL5 4DD





REGISTERED NUMBER: 09139590 (England and Wales)

JB ASSETS LIMITED (REGISTERED NUMBER: 09139590)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232,133 232,133

CURRENT ASSETS
Cash at bank 10,034 6,632

CREDITORS
Amounts falling due within one year 5 270,615 272,941
NET CURRENT LIABILITIES (260,581 ) (266,309 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,448

)

(34,176

)

CAPITAL AND RESERVES
Called up share capital 6 130 130
Retained earnings 7 (28,578 ) (34,306 )
SHAREHOLDERS' FUNDS (28,448 ) (34,176 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:




Mr S J Burrell - Director


JB ASSETS LIMITED (REGISTERED NUMBER: 09139590)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

JB Assets Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost

Going concern
The accounts have been drawn up on a going concern basis as the directors have indicated their willingness to continue to support the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 232,133 9,692 241,825
DEPRECIATION
At 1 November 2023
and 31 October 2024 - 9,692 9,692
NET BOOK VALUE
At 31 October 2024 232,133 - 232,133
At 31 October 2023 232,133 - 232,133

JB ASSETS LIMITED (REGISTERED NUMBER: 09139590)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,743 5
Other creditors 140,000 140,000
Directors' current accounts 126,000 132,000
Accrued expenses 1,872 936
270,615 272,941

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
130 Ordinary £1 130 130

7. RESERVES
Retained
earnings
£   

At 1 November 2023 (34,306 )
Profit for the year 5,728
At 31 October 2024 (28,578 )

8. RELATED PARTY DISCLOSURES

Other creditors, amounting to £140,000, represents a loan from SJ Burrell Limited. Mr SJ Burrell is a director and shareholder of S J Burrell Limited.

No interest is payable in respect of the loan and the loan is repayable on demand.