5 5 Juke Box Sales and Rentals Limited 00656781 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is Letting of commercial and residential property Digita Accounts Production Advanced 6.30.9574.0 true true 00656781 2024-06-01 2025-05-31 00656781 2025-05-31 00656781 bus:Director1 1 2025-05-31 00656781 bus:Director2 1 2025-05-31 00656781 bus:Director3 1 2025-05-31 00656781 bus:Director4 1 2025-05-31 00656781 bus:Director5 1 2025-05-31 00656781 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-05-31 00656781 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-05-31 00656781 core:CurrentFinancialInstruments 2025-05-31 00656781 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 00656781 core:Non-currentFinancialInstruments 2025-05-31 00656781 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 00656781 core:Goodwill 2025-05-31 00656781 core:WithinOneYear 2025-05-31 00656781 core:MotorVehicles 2025-05-31 00656781 core:OfficeEquipment 2025-05-31 00656781 core:PlantMachinery 2025-05-31 00656781 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2025-05-31 00656781 bus:SmallEntities 2024-06-01 2025-05-31 00656781 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 00656781 bus:FilletedAccounts 2024-06-01 2025-05-31 00656781 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 00656781 bus:RegisteredOffice 2024-06-01 2025-05-31 00656781 bus:Director1 2024-06-01 2025-05-31 00656781 bus:Director1 1 2024-06-01 2025-05-31 00656781 bus:Director2 2024-06-01 2025-05-31 00656781 bus:Director2 1 2024-06-01 2025-05-31 00656781 bus:Director3 2024-06-01 2025-05-31 00656781 bus:Director3 1 2024-06-01 2025-05-31 00656781 bus:Director4 2024-06-01 2025-05-31 00656781 bus:Director4 1 2024-06-01 2025-05-31 00656781 bus:Director5 2024-06-01 2025-05-31 00656781 bus:Director5 1 2024-06-01 2025-05-31 00656781 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 00656781 core:Goodwill 2024-06-01 2025-05-31 00656781 core:FurnitureFittingsToolsEquipment 2024-06-01 2025-05-31 00656781 core:MotorVehicles 2024-06-01 2025-05-31 00656781 core:OfficeEquipment 2024-06-01 2025-05-31 00656781 core:PlantMachinery 2024-06-01 2025-05-31 00656781 core:Vehicles 2024-06-01 2025-05-31 00656781 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-06-01 2025-05-31 00656781 countries:AllCountries 2024-06-01 2025-05-31 00656781 2024-05-31 00656781 bus:Director1 1 2024-05-31 00656781 bus:Director2 1 2024-05-31 00656781 bus:Director3 1 2024-05-31 00656781 bus:Director4 1 2024-05-31 00656781 bus:Director5 1 2024-05-31 00656781 core:Goodwill 2024-05-31 00656781 core:MotorVehicles 2024-05-31 00656781 core:OfficeEquipment 2024-05-31 00656781 core:PlantMachinery 2024-05-31 00656781 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-05-31 00656781 2023-06-01 2024-05-31 00656781 2024-05-31 00656781 bus:Director1 1 2024-05-31 00656781 bus:Director2 1 2024-05-31 00656781 bus:Director3 1 2024-05-31 00656781 bus:Director4 1 2024-05-31 00656781 bus:Director5 1 2024-05-31 00656781 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-05-31 00656781 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-05-31 00656781 core:CurrentFinancialInstruments 2024-05-31 00656781 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 00656781 core:Non-currentFinancialInstruments 2024-05-31 00656781 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 00656781 core:Goodwill 2024-05-31 00656781 core:WithinOneYear 2024-05-31 00656781 core:MotorVehicles 2024-05-31 00656781 core:OfficeEquipment 2024-05-31 00656781 core:PlantMachinery 2024-05-31 00656781 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-05-31 00656781 bus:Director1 1 2023-06-01 2024-05-31 00656781 bus:Director2 1 2023-06-01 2024-05-31 00656781 bus:Director3 1 2023-06-01 2024-05-31 00656781 bus:Director4 1 2023-06-01 2024-05-31 00656781 bus:Director5 1 2023-06-01 2024-05-31 00656781 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-06-01 2024-05-31 00656781 2023-05-31 00656781 bus:Director1 1 2023-05-31 00656781 bus:Director2 1 2023-05-31 00656781 bus:Director3 1 2023-05-31 00656781 bus:Director4 1 2023-05-31 00656781 bus:Director5 1 2023-05-31 00656781 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-05-31 xbrli:pure iso4217:GBP

Registration number: 00656781

Juke Box Sales and Rentals Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Juke Box Sales and Rentals Limited

(Registration number: 00656781)
Statement of Financial Position as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 1 | 1
Tangible assets | 5 | 8,325 | 12,462
Investment property | 6 | 4,258,420 | 4,258,420
|  | 4,266,746 | 4,270,883
Current assets |  |  |
Debtors | 7 | 176,057 | 389,001
Cash at bank and in hand |  | 520,079 | 299,291
|  | 696,136 | 688,292
Creditors: Amounts falling due within one year | 8 | (23,451) | (23,213)
Net current assets |  | 672,685 | 665,079
Total assets less current liabilities |  | 4,939,431 | 4,935,962
Creditors: Amounts falling due after more than one year | 8 | (1,282,309) | (1,294,340)
Provisions for liabilities |  | (460,850) | (460,850)
Net assets |  | 3,196,272 | 3,180,772
Capital and reserves |  |  |
Called up share capital |  | 4,000 | 4,000
Revaluation reserve |  | 2,638,758 | 2,638,758
Retained earnings |  | 553,514 | 538,014
Shareholders' funds |  | 3,196,272 | 3,180,772

Juke Box Sales and Rentals Limited

(Registration number: 00656781)
Statement of Financial Position as at 31 May 2025

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 24 February 2026 and signed on its behalf by:

......................................... Miss R Smith Director

Juke Box Sales and Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
58 Cauldwell Avenue
Whitley Bay
Tyne & Wear
NE25 9RW

These financial statements were authorised for issue by the Board on 24 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosures is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified by the revaluation of certain fixed assets.

Going concern

There are no material uncertainties about the companies ability to continue.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rental properties, stated net of discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Juke Box Sales and Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor Vehicles | 20% Straight line
Computer Equipment | 33% Straight line
Fixtures & Fittings | 20% Straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Juke Box Sales and Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% Straight line

Leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Lease income is recognised in profit or loss on a straight-line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Juke Box Sales and Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 June 2024 | 5,000 | 5,000
At 31 May 2025 | 5,000 | 5,000
Amortisation
At 1 June 2024 | 4,999 | 4,999
At 31 May 2025 | 4,999 | 4,999
Carrying amount
At 31 May 2025 | 1 | 1
At 31 May 2024 | 1 | 1

5 | Tangible assets

| Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 June 2024 | 2,000 | 3,725 | 18,980 | 24,705
Additions | - | 109 | - | 109
At 31 May 2025 | 2,000 | 3,834 | 18,980 | 24,814
Depreciation
At 1 June 2024 | 1,999 | 2,652 | 7,592 | 12,243
Charge for the year | - | 450 | 3,796 | 4,246
At 31 May 2025 | 1,999 | 3,102 | 11,388 | 16,489
Carrying amount
At 31 May 2025 | 1 | 732 | 7,592 | 8,325
At 31 May 2024 | 1 | 1,073 | 11,388 | 12,462

Juke Box Sales and Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6 | Investment properties

| 2025 £
At 1 June | 4,258,420
At 31 May | 4,258,420

The fair value of the company's investment properties have been arrived at on the basis of two valuations.
A revaluation of 27 properties was conducted by BNP Paribas Real Estate in September 2023.
The directors do not believe the value changed between the September 2023 valuation and the period end date of 31st May 2025.

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 28,011 | 22,853
Amounts owed by related parties | 11 | 100,000 | -
Prepayments |  | 2,619 | 4,148
Other debtors |  | 45,427 | 362,000
|  | 176,057 | 389,001

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 12,234 | 12,234
Taxation and social security |  | 1,818 | 1,680
Accruals and deferred income |  | 4,320 | 4,320
Other creditors |  | 5,079 | 4,979
|  | 23,451 | 23,213

Within loans and borrowings is £10,000 (2024: 10,000) which is secured by a floating charge over the company's assets, and £2,234 (2024: £2,234) of liabilities under hire purchase and finance lease agreements which are secured over the assets to which they relate.

Juke Box Sales and Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 1,282,309 | 1,294,340

Within loans and borrowings is £1,272,077 (2024: £1,281,875) which is secured by a floating charge over the company's assets, and hire purchase and finance lease agreements of £10,232 (2024: £12,465) are secured over the assets to which they relate.

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,272,077 | 1,281,875
Hire purchase contracts | 10,232 | 12,465
| 1,282,309 | 1,294,340

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,000 | 10,000
Hire purchase contracts | 2,234 | 2,234
| 12,234 | 12,234

10 | Obligations under leases and hire purchase contracts

Operating leases

As lessor
The total of future minimum payments receivable under non-cancellable operating leases are as follows:

| 2025 £ | 2024 £
Not later than one year | 20,585 | 19,745

Juke Box Sales and Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

11 | Related party transactions

Transactions with directors

2025 | At 1 June 2024 £ | Advances to director £ | Repayments by director £ | Other payments made to company by director £ | At 31 May 2025 £
Mr P G W Smith
| (368) | 17,303 | (577) | - | 16,358
Mrs S Jack
| 350 | - | - | - | 350
Mrs A Smith
| (367) | 17,303 | (577) | - | 16,358
Mrs L Dunn
| 350 | - | - | - | 350
Miss R Smith
| 10 | - | - | - | 10

2024 | At 1 June 2023 £ | At 31 May 2024 £
Mr P G W Smith
| (368) | (368)
Mrs S Jack
| 350 | 350
Mrs A Smith
| (367) | (367)
Mrs L Dunn
| 350 | 350
Miss R Smith
| 10 | 10

Juke Box Sales and Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Loans to related parties

2025 | Village Peterlee £ | Total £
At start of period | 362,000 | 362,000
Repaid | (354,792) | (354,792)
Interest transactions | 4,792 | 4,792
At end of period | 12,000 | 12,000

2024 | Village Peterlee £ | Total £
At start of period | 262,000 | 262,000
Advanced | 212,000 | 212,000
Repaid | (118,917) | (118,917)
Interest transactions | 6,917 | 6,917
At end of period | 362,000 | 362,000

Nature of related party

A shareholder of the company has a participating interest in Village Peterlee with whom Jukebox Sales and Rentals Limited has loaned money during the year and received repayments including interest charged.