Acorah Software Products - Accounts Production 16.1.200 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC604278 Zubair Malik iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC604278 2023-08-31 SC604278 2024-08-31 SC604278 2023-09-01 2024-08-31 SC604278 frs-core:CurrentFinancialInstruments 2024-08-31 SC604278 frs-core:Non-currentFinancialInstruments 2024-08-31 SC604278 frs-core:ShareCapital 2024-08-31 SC604278 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC604278 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC604278 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC604278 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC604278 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC604278 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC604278 frs-bus:Director1 2023-09-01 2024-08-31 SC604278 frs-countries:Scotland 2023-09-01 2024-08-31 SC604278 2022-08-31 SC604278 2023-08-31 SC604278 2022-09-01 2023-08-31 SC604278 frs-core:CurrentFinancialInstruments 2023-08-31 SC604278 frs-core:Non-currentFinancialInstruments 2023-08-31 SC604278 frs-core:ShareCapital 2023-08-31 SC604278 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC604278
JM Real Estate Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC604278
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 373,194 373,194
373,194 373,194
CURRENT ASSETS
Debtors 5 66,800 46,800
Cash at bank and in hand 2,310 19,932
69,110 66,732
Creditors: Amounts Falling Due Within One Year 6 (299,889 ) (329,871 )
NET CURRENT ASSETS (LIABILITIES) (230,779 ) (263,139 )
TOTAL ASSETS LESS CURRENT LIABILITIES 142,415 110,055
Creditors: Amounts Falling Due After More Than One Year 7 (28,503 ) -
NET ASSETS 113,912 110,055
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 113,812 109,955
SHAREHOLDERS' FUNDS 113,912 110,055
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Zubair Malik
Director
29/05/2025
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
JM Real Estate Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC604278 . The registered office is 2 Fitzroy Place, Glasgow, G3 7RH.
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, net of discounts and value added
taxes. Turnover includes amount receivable for rent,management fees, maintenance fees, comissions and other income
net of VAT.
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. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 373,194
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,800 4,800
Other debtors 42,000 42,000
66,800 46,800
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 40,342
BBL loans CL 5,935 -
Other creditors 268,956 268,955
Taxation and social security 24,998 20,574
299,889 329,871
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
BBL loans NCL 28,503 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4