JSJ Property Management Limited 11253906 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is continued to be that of management of real estate on a fee or contract basis. Digita Accounts Production Advanced 6.30.9574.0 true true 11253906 2023-04-01 2024-03-31 11253906 2024-03-31 11253906 bus:OrdinaryShareClass1 2024-03-31 11253906 core:CurrentFinancialInstruments 2024-03-31 11253906 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11253906 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2024-03-31 11253906 core:CurrentFinancialInstruments core:PreviouslyStatedAmount 2024-03-31 11253906 core:Non-currentFinancialInstruments 2024-03-31 11253906 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 11253906 core:Non-currentFinancialInstruments core:AfterOneYear core:PreviouslyStatedAmount 2024-03-31 11253906 core:FurnitureFittingsToolsEquipment 2024-03-31 11253906 core:PreviouslyStatedAmount 2024-03-31 11253906 bus:SmallEntities 2023-04-01 2024-03-31 11253906 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11253906 bus:FilletedAccounts 2023-04-01 2024-03-31 11253906 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11253906 bus:RegisteredOffice 2023-04-01 2024-03-31 11253906 bus:Director1 2023-04-01 2024-03-31 11253906 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11253906 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11253906 core:FurnitureFittings 2023-04-01 2024-03-31 11253906 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 11253906 countries:EnglandWales 2023-04-01 2024-03-31 11253906 core:FurnitureFittingsToolsEquipment 2023-03-31 11253906 2022-04-01 2023-03-31 11253906 2023-03-31 11253906 bus:OrdinaryShareClass1 2023-03-31 11253906 core:CurrentFinancialInstruments 2023-03-31 11253906 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11253906 core:Non-currentFinancialInstruments 2023-03-31 11253906 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11253906 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11253906

JSJ Property Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

JSJ Property Management Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

JSJ Property Management Limited

Company Information

Director

Mrs Jayshree Joshi

Registered office

68 Eastbury Road
Northwood
Middlesex
HA6 3AR

Accountants

Aventus Partners Limited
Hygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

 

JSJ Property Management Limited

(Registration number: 11253906)
Balance Sheet as at 31 March 2024

Note

2024
£

Provisional 2023
£

Fixed assets

 

Tangible assets

4

491

614

Current assets

 

Debtors

5

173,300

173,300

Cash at bank and in hand

 

-

14,176

 

173,300

187,476

Creditors: Amounts falling due within one year

6

(166,262)

(191,150)

Net current assets/(liabilities)

 

7,038

(3,674)

Total assets less current liabilities

 

7,529

(3,060)

Creditors: Amounts falling due after more than one year

6

(16,766)

-

Net liabilities

 

(9,237)

(3,060)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(9,337)

(3,160)

Shareholders' deficit

 

(9,237)

(3,060)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

JSJ Property Management Limited

(Registration number: 11253906)
Balance Sheet as at 31 March 2024 (continued)

The financial statements were approved and authorised for issue by the director on 22 April 2025
 

.........................................
Mrs Jayshree Joshi
Director

   
     
 

JSJ Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
68 Eastbury Road
Northwood
Middlesex
HA6 3AR
United Kingdom

These financial statements were authorised for issue by the director on 22 April 2025.

Provisional accounts
We note that accounts for the year ended 31 March 2024 have had to be prepared and filed while there is a dispute and a live appeal in place with HMRC in relation to the form and tax effect of a past transaction for an Associated company. Once that appeal is concluded, we acknowledge that these accounts and YE March 23 accounts may need to be amended. The basis of filing the accounts does not indicate agreement or otherwise with HMRC’s position.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Going concern

At the time of approving these financial statements, the director is confident that the company has adequate resources to continue in operational existence for the foreseeable future and is willing to provide the necessary financial support as necessary.

 

JSJ Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Tax

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

JSJ Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for the services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

JSJ Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.

 Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.


 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss if recognised in the Profit and loss account.

For financial assets measured as amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average monthly number of persons employed by the company (including the director) during the year, was 1 (2023: 1).

 

JSJ Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Cost

At 1 April 2023

1,200

At 31 March 2024

1,200

Depreciation

At 1 April 2023

586

Charge for the year

123

At 31 March 2024

709

Carrying amount

At 31 March 2024

491

At 31 March 2023

614

5

Debtors

2024
£

Provisional 2023
£

Trade debtors

148,271

148,271

Other debtors

25,029

25,029

173,300

173,300

 

JSJ Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Provisional 2023
£

Due within one year

 

Loans and borrowings

7

10,650

37,243

Trade creditors

 

24,014

24,014

Accruals and deferred income

 

2,820

-

Other creditors

 

3,113

-

Directors current account

 

125,665

129,893

 

166,262

191,150

Creditors: amounts falling due after more than one year

Note

2024
£

Provisional 2023
£

Due after one year

 

Loans and borrowings

7

16,766

-

7

Loans and borrowings

Current loans and borrowings

2024
£

Provisional 2023
£

Bank borrowings

10,648

37,243

Bank overdrafts

2

-

10,650

37,243

Non-current loans and borrowings

2024
£

Provisional 2023
£

Bank borrowings

16,766

-

 

JSJ Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

8

Share capital

Allotted, called up and fully paid shares

2024

Provisional 2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100