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REGISTERED NUMBER: SC220205 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2024 to 31 March 2024

for

N & N JAMAL PROPERTIES LIMITED

N & N JAMAL PROPERTIES LIMITED (REGISTERED NUMBER: SC220205)






Contents of the Financial Statements
for the period 1 March 2024 to 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


N & N JAMAL PROPERTIES LIMITED

Company Information
for the period 1 March 2024 to 31 March 2024







DIRECTOR: D S Penny





REGISTERED OFFICE: Rumford Service Station
Maddiston Road
Rumford
Falkirk
FK2 0SB





REGISTERED NUMBER: SC220205 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

N & N JAMAL PROPERTIES LIMITED (REGISTERED NUMBER: SC220205)

Statement of Financial Position
31 March 2024

31/3/24 29/2/24
Notes £    £   
FIXED ASSETS
Tangible assets 4 685,050 685,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,050

685,921

CAPITAL AND RESERVES
Called up share capital 5 135,001 135,001
Share premium 262,300 262,300
Revaluation reserve 409,303 409,823
Retained earnings (121,554 ) (121,203 )
SHAREHOLDERS' FUNDS 685,050 685,921

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2025 and were signed by:





D S Penny - Director


N & N JAMAL PROPERTIES LIMITED (REGISTERED NUMBER: SC220205)

Notes to the Financial Statements
for the period 1 March 2024 to 31 March 2024

1. STATUTORY INFORMATION

N & N Jamal 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - Straight line over 50 years on building

Freehold property held for the company's trade are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Revaluations are performed by professional qualified valuers with sufficient regularity to ensure that the carrying
amounts do not differ materially from those that would be determined using fair values at the end of each reporting period. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.

Any revaluation increase in the carrying amount of land and buildings is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended. Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in profit or loss and depreciation based on the asset's original cost is transferred from revaluation reserve to retained earnings.

Land is not depreciated.

All other tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as detailed above.

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss and included in other operating income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

N & N JAMAL PROPERTIES LIMITED (REGISTERED NUMBER: SC220205)

Notes to the Financial Statements - continued
for the period 1 March 2024 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 March 2024
and 31 March 2024 696,366
DEPRECIATION
At 1 March 2024 10,445
Charge for period 871
At 31 March 2024 11,316
NET BOOK VALUE
At 31 March 2024 685,050
At 29 February 2024 685,921

Cost or valuation at 31 March 2024 is represented by:

Freehold
property
£   
Valuation in 2022 416,064
Cost 280,302
696,366

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 29/2/24
value: £    £   
135,001 Ordinary £1 135,001 135,001

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Penny Petroleum (Scotland) Limited, which owns 100% of the share capital.