JS Commercial Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09378445 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 July 2024

for

JS Commercial Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Shaw

S P Shaw

REGISTERED OFFICE:

43 Rutland Drive

Harrogate

HG1 2NX

REGISTERED NUMBER:

09378445 (England and Wales)

ACCOUNTANTS:

Xeinadin

6 Victoria Avenue

Harrogate

North Yorkshire

HG1 1ED

FIXED ASSETS

Tangible assets

4

11,070

11,384

Investment properties

5

1,465,171

1,476,241

1,476,555

CURRENT ASSETS

Debtors

9,589

3,120

Cash at bank

5,711

1,120

15,300

4,240

CREDITORS

Amounts falling due within one year

1,199,386

1,194,351

NET CURRENT LIABILITIES

(1,184,086

)

(1,190,111

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

292,155

286,444

PROVISIONS FOR LIABILITIES

31,384

NET ASSETS

260,771

255,060

CAPITAL AND RESERVES

Called up share capital

10

Other reserves

94,152

Retained earnings

166,609

160,898

SHAREHOLDERS' FUNDS

260,771

255,060

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 March 2025 and were signed on its behalf by:

J R Shaw - Director

1.	STATUTORY INFORMATION

JS Commercial Properties 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for goods and services, net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures & equipment

-

25% on reducing balance

Leasehold properties are held as investment properties and no depreciation is provided.

Investment properties

Investment Properties are carried in the balance sheet at open market value according to the directors.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2023

and 31 July 2024

15,549

DEPRECIATION

At 1 August 2023

4,165

Charge for year

314

At 31 July 2024

4,479

NET BOOK VALUE

At 31 July 2024

11,070

At 31 July 2023

11,384

5.	INVESTMENT PROPERTIES

Total

£

FAIR VALUE

At 1 August 2023

and 31 July 2024

1,465,171

NET BOOK VALUE

At 31 July 2024

1,465,171

At 31 July 2023

1,465,171

In accordance with FRS 102 no depreciation or amortisation is provided in respect of freehold investment properties and leasehold investments with over 20 years to run.

Fair value at 31 July 2024 is represented by:

£

Valuation in 2016

93,257

Valuation in 2022

45,979

Valuation in 2023

1,325,935

1,465,171

If investment properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

Cost

1,339,635

Investment properties were valued on open market basis on 31 July 2024 by the director .