Registered number
13627637
JR Property and Building Ltd
Filleted Accounts
30 September 2024
JR Property and Building Ltd
Registered number: 13627637
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 18,921 18,921
Tangible assets 4 330,500 330,500
349,421 349,421
Current assets
Debtors 5 (11,960) (11,960)
Cash at bank and in hand 11,967 12,497
7 537
Creditors: amounts falling due within one year 6 (500) (500)
Net current (liabilities)/assets (493) 37
Total assets less current liabilities 348,928 349,458
Creditors: amounts falling due after more than one year 7 (359,919) (365,919)
Net liabilities (10,991) (16,461)
Capital and reserves
Called up share capital 2 2
Profit and loss account (10,993) (16,463)
Shareholders' funds (10,991) (16,461)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jamie Revell
Director
Approved by the board on 16 May 2025
JR Property and Building Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Residencial property's nil
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Property purchase costs
Cost
At 1 October 2023 18,921
At 30 September 2024 18,921
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 18,921
At 30 September 2023 18,921
Property purchase costs to be set off against gain/loss on disposal of property
4 Tangible fixed assets
Residential Property's
£
Cost
At 1 October 2023 330,500
At 30 September 2024 330,500
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 330,500
At 30 September 2023 330,500
5 Debtors 2024 2023
£ £
Prepayed rent (11,960) (11,960)
6 Creditors: amounts falling due within one year 2024 2023
£ £
Accrual 500 500
7 Creditors: amounts falling due after one year 2024 2023
£ £
Mortgage interest only 252,883 252,883
Other creditors 107,036 113,036
359,919 365,919
8 Related party transactions
The company was lent money by the directors personally and a business controlled by the directors, the balance of these loans are shown in other creditors, the balance of these loans are repayable at the directors discretion.
9 Other information
JR Property and Building Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Whitegates Farm
Vicarage Lane
Mundon
Maldon Essex, CM9 6PA
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