Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312false2023-04-01falseReal estate investment2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13011531 2023-04-01 2024-03-31 13011531 2022-04-01 2023-03-31 13011531 2024-03-31 13011531 2023-03-31 13011531 c:Director1 2023-04-01 2024-03-31 13011531 d:FreeholdInvestmentProperty 2024-03-31 13011531 d:FreeholdInvestmentProperty 2023-03-31 13011531 d:CurrentFinancialInstruments 2024-03-31 13011531 d:CurrentFinancialInstruments 2023-03-31 13011531 d:Non-currentFinancialInstruments 2024-03-31 13011531 d:Non-currentFinancialInstruments 2023-03-31 13011531 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13011531 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13011531 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13011531 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13011531 d:ShareCapital 2024-03-31 13011531 d:ShareCapital 2023-03-31 13011531 d:RetainedEarningsAccumulatedLosses 2024-03-31 13011531 d:RetainedEarningsAccumulatedLosses 2023-03-31 13011531 c:FRS102 2023-04-01 2024-03-31 13011531 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13011531 c:FullAccounts 2023-04-01 2024-03-31 13011531 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13011531 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13011531










JB PROPERTIES 88 BAXENDALE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
JB PROPERTIES 88 BAXENDALE LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6

 
JB PROPERTIES 88 BAXENDALE LTD
REGISTERED NUMBER: 13011531

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
385,029
385,029

  
385,029
385,029

Current assets
  

Debtors: amounts falling due within one year
 5 
2,000
-

Cash at bank and in hand
  
7,709
12,584

  
9,709
12,584

Creditors: amounts falling due within one year
 6 
(117,039)
(117,039)

Net current liabilities
  
 
 
(107,330)
 
 
(104,455)

Total assets less current liabilities
  
277,699
280,574

Creditors: amounts falling due after more than one year
 7 
(283,127)
(283,127)

  

Net liabilities
  
(5,428)
(2,553)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(5,528)
(2,653)

  
(5,428)
(2,553)


Page 1

 
JB PROPERTIES 88 BAXENDALE LTD
REGISTERED NUMBER: 13011531
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P Beynon
Director

Date: 28 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JB PROPERTIES 88 BAXENDALE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

JB Properties 88 Baxendale Limited is a private company limited by shares and registered in England and Wales. The registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS
Page 3

 
JB PROPERTIES 88 BAXENDALE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are
Page 4

 
JB PROPERTIES 88 BAXENDALE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Investment property

£



Valuation


At 1 April 2023
385,029



At 31 March 2024
385,029








5.


Debtors

2024
2023
£
£


Other debtors
2,000
-

2,000
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
117,039
117,039


Page 5

 
JB PROPERTIES 88 BAXENDALE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
283,127
283,127


Included in bank loans are secured creditors of £283,127 (2023: £283,127).


8.


Related party transactions

Included within other creditors is an interest free loan to the value of £117,039 (2023: £117,039) owed to the directors of the company.

 
Page 6