Company Registration No. SC790342 (Scotland)
JSL Apartments Ltd
Unaudited accounts
for the period from 23 November 2023 to 30 November 2024
JSL Apartments Ltd
Unaudited accounts
Contents
JSL Apartments Ltd
Company Information
for the period from 23 November 2023 to 30 November 2024
Directors
Steven George Lawrence
Jonathan George Smith
Company Number
SC790342 (Scotland)
Registered Office
38 Crawford Avenue
Fraserburgh
AB43 7FR
Scotland
JSL Apartments Ltd
Statement of financial position
as at 30 November 2024
Cash at bank and in hand
6,719
Creditors: amounts falling due within one year
(32,840)
Net current liabilities
(18,195)
Total assets less current liabilities
46,805
Creditors: amounts falling due after more than one year
(48,750)
Provisions for liabilities
Profit and loss account
(10,581)
Shareholders' funds
(4,104)
For the period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by
Jonathan George Smith
Director
Company Registration No. SC790342
JSL Apartments Ltd
Notes to the Accounts
for the period from 23 November 2023 to 30 November 2024
JSL Apartments Ltd is a private company, limited by shares, registered in Scotland, registration number SC790342. The registered office is 38 Crawford Avenue, Fraserburgh, AB43 7FR, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The directors continue to adopt the going concern basis in preparing the financial statements which assumes that the company
will continue in operation for the foreseeable future.
The directors fully understand and acknowledge the financial position of the business and believe that no further disclosures
relating to the company's ability to continue as a going concern need to me made in the financial statements
JSL Apartments Ltd
Notes to the Accounts
for the period from 23 November 2023 to 30 November 2024
4
Tangible fixed assets
Land & buildings
Cost or valuation
At valuation
At 30 November 2024
65,000
At 30 November 2024
65,000
Carrying amount of land and buildings on cost basis
56,366
The property has been revalued on a market value basis as at 30 November 2024 by the directors.
Amounts falling due within one year
Accrued income and prepayments
7,926
6
Creditors: amounts falling due within one year
2024
Loans from directors
29,512
7
Creditors: amounts falling due after more than one year
2024
At the balance sheet date, Aldermore Bank PLC hold floating and other charges over a property owned by the company.
8
Transactions with related parties
At the balance sheet date, £29,512 was due to the directors. The loans are unsecured, interest free and payable on demand.
9
Average number of employees
During the period the average number of employees was 0.