Company Registration No. 11652517 (England and Wales)
JL Living Quarters Limited
Unaudited accounts
for the year ended 31 October 2024
JL Living Quarters Limited
Unaudited accounts
Contents
JL Living Quarters Limited
Company Information
for the year ended 31 October 2024
Company Number
11652517 (England and Wales)
Registered Office
29 COLLINWOOD ROAD
HEADINGTON
OXFORD
OX3 8HH
UNITED KINGDOM
JL Living Quarters Limited
Statement of financial position
as at 31 October 2024
Tangible assets
3,610
6,001
Investment property
593,000
613,787
Cash at bank and in hand
10,376
49,369
Creditors: amounts falling due within one year
(281,426)
(348,710)
Net current liabilities
(271,050)
(299,341)
Total assets less current liabilities
325,560
320,447
Creditors: amounts falling due after more than one year
(208,828)
(208,828)
Provisions for liabilities
Other provisions
(7,354)
(11,303)
Net assets
109,378
100,316
Called up share capital
1
1
Profit and loss account
109,377
100,315
Shareholders' funds
109,378
100,316
For the year ending 31 October 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 14 April 2025 and were signed on its behalf by
Boying Liang
Director
Company Registration No. 11652517
JL Living Quarters Limited
Notes to the Accounts
for the year ended 31 October 2024
JL Living Quarters Limited is a private company, limited by shares, registered in England and Wales, registration number 11652517. The registered office is 29 COLLINWOOD ROAD, HEADINGTON, OXFORD, OX3 8HH, UNITED KINGDOM.
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.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight line over 4 years
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
JL Living Quarters Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 November 2023
613,787
Net loss from fair value adjustments
(20,787)
At 31 October 2024
593,000
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,636
6,244
Other creditors
1,650
1,650
Loans from directors
272,765
340,491
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
208,828
208,828
Limited company owes the director £272,480.31 at 31/10/24 (31/10/23 - £340,491.30. This is an interest free loan, repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).