Registered number
12341356
JBA Estates Limited
Filleted Accounts
29 November 2024
JBA Estates Limited
Registered number: 12341356
Balance Sheet
as at 29 November 2024
Notes 2024 2023
£ £
Fixed assets
Investment property 3 2,400,000 2,400,000
Current assets
Stocks 522,356 428,658
Debtors 4 175,147 271,313
Cash at bank and in hand 13,053 2
710,556 699,973
Creditors: amounts falling due within one year 5 (26,755) (25,706)
Net current assets 683,801 674,267
Total assets less current liabilities 3,083,801 3,074,267
Creditors: amounts falling due after more than one year 6 (1,687,292) (1,637,854)
Provisions for liabilities (293,478) (293,478)
Net assets 1,103,031 1,142,935
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,102,931 1,142,835
Shareholders' funds 1,103,031 1,142,935
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.
Mr J Grant
Director
Approved by the board on 29 August 2025
JBA Estates Limited
Notes to the Accounts
for the year ended 29 November 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Investment property
The investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investment property
Land and buildings
£
Cost
At 30 November 2023 2,400,000
At 29 November 2024 2,400,000
Depreciation
At 29 November 2024 -
Net book value
At 29 November 2024 2,400,000
At 29 November 2023 2,400,000
The investment properties were valued on an open market basis on 29 November 2024 by Robert Payne for Cynergy Bank Limited.
4 Debtors 2024 2023
£ £
Other debtors 175,147 271,313
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 3,500
Taxation and social security costs 25,015 20,606
Other creditors 1,740 1,600
26,755 25,706
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,687,292 1,637,854
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 1,652,325 1,605,322
Secured bank loans 1,652,325 1,605,322
A fixed and floating charge is given against the investment property.
8 Other information
JBA Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 6/7
196 Old Shoreham Road
Hove
East Sussex
BN3 7EX
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