Registered number
04909891
J and J Property Holdings Limited
Unaudited Filleted Accounts
30 September 2024
J and J Property Holdings Limited
Registered number: 04909891
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,023,601 1,156,654
Current assets
Debtors 4 115,194 205,821
Cash at bank and in hand 5,936 10,875
121,130 216,696
Creditors: amounts falling due within one year 5 (53,994) (33,659)
Net current assets 67,136 183,037
Total assets less current liabilities 1,090,737 1,339,691
Creditors: amounts falling due after more than one year 6 (865,377) (1,093,205)
Provisions for liabilities (1,032) (1,802)
Net assets 224,328 244,684
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account 124,328 144,684
Shareholders' funds 224,328 244,684
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.
J Wilson
Director
Approved by the board on 26 May 2025
J and J Property Holdings Limited
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.
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:
Freehold buildings no charge
Fixtures, fittings, tools and equipment 20% per annum
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 2 2
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 October 2023 1,126,504 49,590 1,176,094
Additions - 11,888 11,888
Disposals (137,156) - (137,156)
At 30 September 2024 989,348 61,478 1,050,826
Depreciation
At 1 October 2023 - 19,440 19,440
Charge for the year - 7,785 7,785
At 30 September 2024 - 27,225 27,225
Net book value
At 30 September 2024 989,348 34,253 1,023,601
At 30 September 2023 1,126,504 30,150 1,156,654
4 Debtors 2024 2023
£ £
Other debtors 115,194 205,821
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 29,014 4,693
Trade creditors 2,082 -
Taxation and social security costs 13,929 20,507
Other creditors 8,969 8,459
53,994 33,659
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 865,377 1,063,174
Obligations under finance lease and hire purchase contracts - 30,031
865,377 1,093,205
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 865,377 1,063,174
Secured bank loans 865,377 1,063,174
The company has mortgages on its freehold properties. The loans are interest only and are secured on the properties.
8 Other information
J and J Property Holdings Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
The Coach House
Headgate
Colchester
Essex
CO3 3BT
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