J & J Mowbray Properties Limited iXBRL

Company Registration Number: NI064491

J & J Mowbray Properties Limited

Unaudited Financial Statements

for the financial year ended 30 April 2025

J & J Mowbray Properties Limited

DIRECTOR AND OTHER INFORMATION


Directors	Mr. Joseph Mowbray
	James Mowbray (Resigned 29 April 2025)


Company Secretary	Joseph Mowbray (Appointed 29 April 2025)
	James Mowbray (Resigned 29 April 2025)


Company Registration Number	NI064491


Business Address	5 Kenbella Parade
	Belfast
	Co. Antrim
	BT15 5DX


Accountants	MCI Chartered Accountants
	Sentinel House
	13 Pump Street
	Derry
	BT48 6JG


Bankers	Danske Bank UK
	P.O. Box 183
	Donegall Square West
	Belfast
	BT1 6JS

J & J Mowbray Properties Limited

Company Registration Number: NI064491

BALANCE SHEET

as at 30 April 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets	3	720,000	720,000
		─────────	─────────

Current Assets

Debtors	4	6,296	6,189
Cash and cash equivalents		128,807	110,931
		─────────	─────────
		135,103	117,120
		─────────	─────────
Creditors: amounts falling due within one year	5	(687,722)	(687,478)
		─────────	─────────
Net Current Liabilities		(552,619)	(570,358)
		─────────	─────────
Total Assets less Current Liabilities		167,381	149,642
		═════════	═════════

Capital and Reserves

Called up share capital	1	1
Other reserves	(43,612)	(43,612)
Statement of income and retained earnings	210,992	193,253
	─────────	─────────
Shareholders' Funds	167,381	149,642
	═════════	═════════

The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Statement of Income and Retained Earnings and Director's Report.

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 11 August 2025



Mr. Joseph Mowbray
Director

J & J Mowbray Properties Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 April 2025

General Information

J & J Mowbray Properties Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI064491. The registered office of the company is. The nature of the company's operations and principal activities is that of investment properties. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 April 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover is measured at the fair value of the consideration receivable net of VAT and discounts. The policy adopted for the recognition of turnover is as follows:

Rental Income

Rental income is recognised when the right to receive payment is established.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and which are receivable or payable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the Profit and Loss account in other adminstrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Investment properties

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the Profit and Loss account.

Taxation

The charge for taxation is based on the results for the period and takes into account taxation deferred because of timing difference between the treatment of certain items for taxation and accounting purposes.

Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the reporting date. Provision is made at the rates expected to apply when the timing differences reverse. Timing differences are differences between the company's taxable profits and it results as stated in the financial statements that arise from the inclusion of gains and losses in taxable profits different from those in which they are recognised in the financial statements.

Tangible assets

Investment

Total

properties

Cost

At 1 May 2024

720,000

─────────

At 30 April 2025

720,000

─────────

Depreciation

At 1 May 2024

─────────

At 30 April 2025

─────────

Net book value

At 30 April 2025

720,000

═════════

At 30 April 2024

720,000

═════════

The company's investment properties are included in the financial statements at fair value. The investment properties were subject to valuation by the directors who are not professionally qualified valuers.


4.	Debtors	2025	2024
		£	£

	Trade debtors	3,500	3,500
	Prepayments and accrued income	2,796	2,689
		─────────	─────────
		6,296	6,189
		═════════	═════════


5.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Trade creditors	396	517
	Taxation (Note 6)	4,161	4,096
	Director's current account	680,334	680,334
	Loan from connected company	731	731
	Accruals	2,100	1,800
		─────────	─────────
		687,722	687,478
		═════════	═════════


6.	Taxation	2025	2024
		£	£

	Creditors:
	Corporation tax	4,161	4,096
		═════════	═════════