1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,982 3,982 xbrli:pure xbrli:shares iso4217:GBP 08901391 2023-03-01 2024-02-26 08901391 2024-02-26 08901391 2023-02-28 08901391 2022-03-01 2023-02-28 08901391 2023-02-28 08901391 2022-02-28 08901391 bus:Director1 2023-03-01 2024-02-26 08901391 core:WithinOneYear 2024-02-26 08901391 core:WithinOneYear 2023-02-28 08901391 core:AfterOneYear 2024-02-26 08901391 core:AfterOneYear 2023-02-28 08901391 core:ShareCapital 2024-02-26 08901391 core:ShareCapital 2023-02-28 08901391 core:RetainedEarningsAccumulatedLosses 2024-02-26 08901391 core:RetainedEarningsAccumulatedLosses 2023-02-28 08901391 bus:SmallEntities 2023-03-01 2024-02-26 08901391 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-26 08901391 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-26 08901391 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-26 08901391 bus:FullAccounts 2023-03-01 2024-02-26 08901391 core:ComputerEquipment 2023-03-01 2024-02-26 08901391 core:ComputerEquipment 2024-02-26
COMPANY REGISTRATION NUMBER: 08901391
JUST PROPERTIES (LONDON) LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
26 February 2024
JUST PROPERTIES (LONDON) LTD
STATEMENT OF FINANCIAL POSITION
26 February 2024
26 Feb 24
28 Feb 23
Note
£
£
£
£
CURRENT ASSETS
Debtors
6
13,379
23,972
Cash at bank and in hand
277
852
--------
--------
13,656
24,824
CREDITORS: amounts falling due within one year
7
( 14,559)
( 4,163)
--------
--------
NET CURRENT (LIABILITIES)/ASSETS
( 903)
20,661
----
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 903)
20,661
CREDITORS: amounts falling due after more than one year
8
( 39,424)
( 47,537)
--------
--------
NET LIABILITIES
( 40,327)
( 26,876)
--------
--------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 40,328)
( 26,877)
--------
--------
SHAREHOLDERS DEFICIT
( 40,327)
( 26,876)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 26 February 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JUST PROPERTIES (LONDON) LTD
STATEMENT OF FINANCIAL POSITION (continued)
26 February 2024
These financial statements were approved by the board of directors and authorised for issue on 9 July 2025 , and are signed on behalf of the board by:
J M Harris
Director
Company registration number: 08901391
JUST PROPERTIES (LONDON) LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 MARCH 2023 TO 26 FEBRUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 -22 Bridge End, Leeds, West Yorkshire, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared on the going concern basis.The director considers the going concern basis to be appropriate as he has confirmed his ongoing support of the company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment
-
33% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 1 (2023: 1 ).
5. TANGIBLE ASSETS
Equipment
Total
£
£
Cost
At 1 March 2023 and 26 February 2024
3,982
3,982
-------
-------
Depreciation
At 1 March 2023 and 26 February 2024
3,982
3,982
-------
-------
Carrying amount
At 26 February 2024
-------
-------
At 28 February 2023
-------
-------
6. DEBTORS
26 Feb 24
28 Feb 23
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
500
500
Other debtors
12,879
23,472
--------
--------
13,379
23,972
--------
--------
7. CREDITORS: amounts falling due within one year
26 Feb 24
28 Feb 23
£
£
Bank loans and overdrafts
10,000
1,200
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,600
1,601
Social security and other taxes
235
Other creditors
2,724
1,362
--------
-------
14,559
4,163
--------
-------
8. CREDITORS: amounts falling due after more than one year
26 Feb 24
28 Feb 23
£
£
Bank loans and overdrafts
39,424
47,537
--------
--------