Company Registration No. 09967020 (England and Wales)
J & D Property Investment Limited
Unaudited accounts
for the year ended 30 May 2024
J & D Property Investment Limited
Unaudited accounts
Contents
J & D Property Investment Limited
Company Information
for the year ended 30 May 2024
Director
Mr John Rory Potter
Company Number
09967020 (England and Wales)
Registered Office
192 Walton Village
Liverpool
L4 6TW
J & D Property Investment Limited
Statement of financial position
as at 30 May 2024
Investment property
1,475,000
550,000
Cash at bank and in hand
465
86,280
Creditors: amounts falling due within one year
(259,666)
(253,501)
Net current liabilities
(217,605)
(147,361)
Total assets less current liabilities
1,257,395
402,639
Creditors: amounts falling due after more than one year
(374,923)
(381,923)
Called up share capital
100
100
Revaluation reserve
855,000
-
Profit and loss account
27,372
20,616
Shareholders' funds
882,472
20,716
For the year ending 30 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 director acknowledges his 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 and authorised for issue on 26 March 2025 and were signed on its behalf by
Mr John Rory Potter
Director
Company Registration No. 09967020
J & D Property Investment Limited
Notes to the Accounts
for the year ended 30 May 2024
J & D Property Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 09967020. The registered office is 192 Walton Village, Liverpool, L4 6TW.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company is currently supported by its directors. It has net liabilities at the year end, however, if the amounts owed to directors are removed from the balance sheet, it would leave the company with net assets of £81,782. Further amounts of £20,000 are owed to related companies.
The directors are satisfied the at the appropriate time of approval of the financial statements there is no significant concern that the company will be unable to continue operating. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.
The financial statements do not include any adjustments that would result from the withdrawal of support by the directors or related companies as this is wholly within the directors control and not something they intend to withdraw in the foreseeable future.
Fair value at 31 May 2023
550,000
Net gain from fair value adjustments
855,000
Amounts falling due within one year
Amounts due from group undertakings etc.
41,596
19,860
J & D Property Investment Limited
Notes to the Accounts
for the year ended 30 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
(51,115)
(51,115)
Loans from directors
310,781
304,616
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
374,923
381,923
During the year the company took a Government Business Bounce Back loan in the amount of £50,000.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).