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Registration number: 12264018

J4 (M18) Properties Limited

Director's Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

J4 (M18) Properties Limited

(Registration number: 12264018)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

3

202,920

202,920

Debtors

4

1

1

Cash at bank and in hand

 

53

53

 

202,974

202,974

Creditors: Amounts falling due within one year

5

(8,356)

(8,356)

Total assets less current liabilities

 

194,618

194,618

Creditors: Amounts falling due after more than one year

5

(195,684)

(195,684)

Net liabilities

 

(1,066)

(1,066)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(1,067)

(1,067)

Shareholders' deficit

 

(1,066)

(1,066)

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 6 June 2025
 

.........................................

Mr T Shah

Director

 

J4 (M18) Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Statutory information

J4 (M18) Properties Limited is a private company, limited by shares, domiciled in England and Wales, company number 12264018. The registered office is at 3 Cavendish Court, South Parade, Doncaster, DN1 2DJ.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There has been no material departure from this standard.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Tax

The tax expense for the period comprises tax. Tax is recognised in statement of income and retained earnings, 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.

Stocks

Stock consists of property developments valued at cost.

Cost includes all land, construction and other direct costs incurred to the year end in bringing the developments to their current position and location.

Provision is made where it is anticipated that the ultimate sales proceeds derived from a development will be less than cost.

 

J4 (M18) Properties Limited

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

1

Accounting policies (continued)

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.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Stocks

2024
£

2023
£

Other inventories

202,920

202,920

4

Debtors

Current

2024
£

2023
£

Other debtors

1

1

 

1

1

 

J4 (M18) Properties Limited

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

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

3,380

3,380

Other payables

 

2,070

2,070

Accruals

 

2,025

2,025

Income tax liability

881

881

 

8,356

8,356

Due after one year

 

Loans and borrowings

195,684

195,684

Creditors: amounts falling due after more than one year

2024
£

2023
£

Church Street Trustees Limited as Trustees of Nadeem Shah 2004 Family Settlement

187,040

187,040

Church Street Trustees Limited as Trustees of Nadeem Shah 2004 Family Settlement - Interest

8,644

8,644

195,684

195,684