Registered number
05924070
J.J. Properties (Northern) Limited
Report and Accounts
31 March 2025
J.J. Properties (Northern) Limited
Registered number: 05924070
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 771,502 771,709
Current assets
Cash at bank and in hand 17,975 18,016
Creditors: amounts falling due within one year 4 (5,207) (14,001)
Net current assets 12,768 4,015
Total assets less current liabilities 784,270 775,724
Creditors: amounts falling due after more than one year 5 (444,549) (457,312)
Net assets 339,721 318,412
Capital and reserves
Called up share capital 100 100
Profit and loss account 339,621 318,312
Shareholder's funds 339,721 318,412
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
I Gillis
Director
Approved by the board on 15 May 2025
J.J. Properties (Northern) Limited
Notes to the Accounts
for the year ended 31 March 2025
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).
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:
Plant and machinery 25% on reducing balance
Fixtures, fittings, tools and equipment 25% on reducing balance
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 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 769,692 11,735 781,427
Additions - 396 396
At 31 March 2025 769,692 12,131 781,823
Depreciation
At 1 April 2024 - 9,718 9,718
Charge for the year - 603 603
At 31 March 2025 - 10,321 10,321
Net book value
At 31 March 2025 769,692 1,810 771,502
At 31 March 2024 769,692 2,017 771,709
4 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 5,207 14,001
5 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 153,015 153,909
Other creditors 291,534 303,403
444,549 457,312
6 Loans 2025 2024
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 291,534 303,403
Secured bank loans 122,425 122,425
7 Other information
J.J. Properties (Northern) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 6, Vita House
Fish Quay
North Sheilds
Tyne And Wear
NE30 1JA
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