REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 March 2024 to 31 March 2024 |
for |
N & N JAMAL PROPERTIES LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Share premium |
Revaluation reserve |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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 were approved by the director and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Freehold property | - |
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 |
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 |
DEPRECIATION |
At 1 March 2024 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 29 February 2024 |
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: | £ | £ |
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. |