Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12611239 Mr Jack Bennett Mr Luke Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12611239 2023-05-31 12611239 2024-05-31 12611239 2023-06-01 2024-05-31 12611239 frs-core:CurrentFinancialInstruments 2024-05-31 12611239 frs-core:Non-currentFinancialInstruments 2024-05-31 12611239 frs-core:InvestmentPropertyIncludedWithinPPE 2024-05-31 12611239 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-01 2024-05-31 12611239 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-31 12611239 frs-core:ShareCapital 2024-05-31 12611239 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12611239 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12611239 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12611239 frs-bus:SmallEntities 2023-06-01 2024-05-31 12611239 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12611239 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12611239 frs-bus:Director1 2023-06-01 2024-05-31 12611239 frs-bus:Director2 2023-06-01 2024-05-31 12611239 frs-countries:EnglandWales 2023-06-01 2024-05-31 12611239 2022-05-31 12611239 2023-05-31 12611239 2022-06-01 2023-05-31 12611239 frs-core:CurrentFinancialInstruments 2023-05-31 12611239 frs-core:Non-currentFinancialInstruments 2023-05-31 12611239 frs-core:ShareCapital 2023-05-31 12611239 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12611239
JL Property Services Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12611239
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 335,250 322,000
335,250 322,000
CURRENT ASSETS
Debtors 5 96,667 788
Cash at bank and in hand 776 72,932
97,443 73,720
Creditors: Amounts Falling Due Within One Year 6 (101,612 ) (84,236 )
NET CURRENT ASSETS (LIABILITIES) (4,169 ) (10,516 )
TOTAL ASSETS LESS CURRENT LIABILITIES 331,081 311,484
Creditors: Amounts Falling Due After More Than One Year 7 (233,713 ) (233,713 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,480 ) (19,168 )
NET ASSETS 74,888 58,603
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 74,886 58,601
SHAREHOLDERS' FUNDS 74,888 58,603
Page 1
Page 2
For the year ending 31 May 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jack Bennett
Director
22/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JL Property Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12611239 . The registered office is 128 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 June 2023 322,000
Revaluation 13,250
As at 31 May 2024 335,250
Net Book Value
As at 31 May 2024 335,250
As at 1 June 2023 322,000
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 701
Prepayments and accrued income 89 87
89 788
Due after more than one year
Other debtors 96,578 -
96,667 788
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 318
Corporation tax 1,559 301
Other creditors 7,055 945
Accruals and deferred income 1,120 791
Directors' loan accounts 91,878 81,881
101,612 84,236
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 233,713 233,713
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investement properties. The mortgages are interest only.
2024 2023
£ £
Bank loans and overdrafts 233,713 233,713
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4