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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
Page
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JL Living Quarters Limited Company Information for the year ended 31 October 2024
Director
Boying Liang
Company Number
11652517 (England and Wales)
Registered Office
29 COLLINWOOD ROAD HEADINGTON OXFORD OX3 8HH UNITED KINGDOM
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JL Living Quarters Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,610 
6,001 
Investment property
593,000 
613,787 
596,610 
619,788 
Current assets
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 
Capital and reserves
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
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JL Living Quarters Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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
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 taxation
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.
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JL Living Quarters Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2023
10,934 
At 31 October 2024
10,934 
Depreciation
At 1 November 2023
4,933 
Charge for the year
2,391 
At 31 October 2024
7,324 
Net book value
At 31 October 2024
3,610 
At 31 October 2023
6,001 
5
Investment property
2024 
£ 
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 
Accruals
375 
325 
281,426 
348,710 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
208,828 
208,828 
8
Loans to directors
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).
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