JJPROPERTIES WARRINGTON LTD 13501826 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is Residential property lettings Digita Accounts Production Advanced 6.30.9574.0 true 13501826 2023-08-01 2024-07-31 13501826 2024-07-31 13501826 bus:OrdinaryShareClass1 2024-07-31 13501826 core:CurrentFinancialInstruments 2024-07-31 13501826 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 13501826 core:Non-currentFinancialInstruments 2024-07-31 13501826 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 13501826 bus:SmallEntities 2023-08-01 2024-07-31 13501826 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 13501826 bus:FilletedAccounts 2023-08-01 2024-07-31 13501826 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13501826 bus:RegisteredOffice 2023-08-01 2024-07-31 13501826 bus:Director1 2023-08-01 2024-07-31 13501826 bus:Director2 2023-08-01 2024-07-31 13501826 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 13501826 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13501826 bus:Agent1 2023-08-01 2024-07-31 13501826 core:PlantMachinery 2023-08-01 2024-07-31 13501826 countries:EnglandWales 2023-08-01 2024-07-31 13501826 2023-07-31 13501826 2022-08-01 2023-07-31 13501826 2023-07-31 13501826 bus:OrdinaryShareClass1 2023-07-31 13501826 core:CurrentFinancialInstruments 2023-07-31 13501826 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 13501826 core:Non-currentFinancialInstruments 2023-07-31 13501826 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13501826

JJPROPERTIES WARRINGTON LTD

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

JJPROPERTIES WARRINGTON LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

JJPROPERTIES WARRINGTON LTD

Company Information

Directors

Jeffrey Thomas Boardman-White

Jacqueline Anne Boardman-White

Registered office

Unit 2 Beaufort Street
Warrington
Cheshire
WA5 1BA

Accountants

Beans Accountants Ltd
Chartered AccountantSuite F/22
The White House
Greenalls Avenue
Warrington
Cheshire
WA4 6HL

 

JJPROPERTIES WARRINGTON LTD

(Registration number: 13501826)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

375,889

281,037

Current assets

 

Debtors

5

12,903

13,171

Cash at bank and in hand

 

16,967

5,080

 

29,870

18,251

Creditors: Amounts falling due within one year

6

(72,493)

(63,510)

Net current liabilities

 

(42,623)

(45,259)

Total assets less current liabilities

 

333,266

235,778

Creditors: Amounts falling due after more than one year

6

(320,023)

(230,023)

Net assets

 

13,243

5,755

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

13,143

5,655

Shareholders' funds

 

13,243

5,755

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

Directors' 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 directors acknowledge their 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 provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 May 2025 and signed on its behalf by:
 

.........................................
Jeffrey Thomas Boardman-White
Director

 

JJPROPERTIES WARRINGTON LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
Unit 2 Beaufort Street
Warrington
Cheshire
WA5 1BA
England

These financial statements were authorised for issue by the Board on 29 May 2025.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

JJPROPERTIES WARRINGTON LTD

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

2

Accounting policies (continued)

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

Plant and machinery

4 years straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the Directors. Once every three years fair values are determined by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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 merchandise sold or 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.

Trade creditors

Trade creditors are obligations to pay for goods or 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.

 

JJPROPERTIES WARRINGTON LTD

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

2

Accounting policies (continued)

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 August

281,037

Additions

94,852

At 31 July

375,889

Investment Property has been valued as at 31 July 2024 by the director based on assessment of similar properties in similar location.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

2023
£

Trade debtors

588

-

Other debtors

12,315

13,171

 

12,903

13,171

 

JJPROPERTIES WARRINGTON LTD

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,757

1,084

Accruals and deferred income

900

840

Other creditors

69,836

61,586

72,493

63,510

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

320,023

230,023

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

320,023

230,023

Other borrowings

Intercompany Loan (Oakwood Upholstery Limited) is denominated in GBP with a nominal interest rate of 0%, and the final instalment is due on 31 October 2031. The carrying amount at year end is £320,023 (2023 - £230,023).