J.J. Properties (Northern) Limited

Registered number

05924070

Report and Accounts

31 March 2026

J.J. Properties (Northern) Limited
Registered number:		05924070
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		723,906			771,502

Current assets
Cash at bank and in hand		11,548			17,975

Creditors: amounts falling due within one year	4	(19,201)			(5,207)

Net current (liabilities)/assets			(7,653)			12,768

Total assets less current liabilities			716,253			784,270

Creditors: amounts falling due after more than one year	5		(324,267)			(444,549)



Net assets			391,986			339,721

Capital and reserves
Called up share capital			100			100
Profit and loss account			391,886			339,621

Shareholder's funds			391,986			339,721

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




I Gillis
Director
Approved by the board on 15 May 2026

J.J. Properties (Northern) Limited
Notes to the Accounts
for the year ended 31 March 2026


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).

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:



	Plant and machinery	25% on reducing balance
	Fixtures, fittings, tools and equipment	25% on reducing balance

	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.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	769,692		12,131		781,823
	Additions	35,000		-		35,000
	Disposals	(82,143)		-		(82,143)
	At 31 March 2026	722,549		12,131		734,680

	Depreciation
	At 1 April 2025	-		10,321		10,321
	Charge for the year	-		453		453
	At 31 March 2026	-		10,774		10,774

	Net book value
	At 31 March 2026	722,549		1,357		723,906
	At 31 March 2025	769,692		1,810		771,502


4	Creditors: amounts falling due within one year			2026		2025
£					£

	Corporation tax			16,589		5,207
	Other creditors			2,612		-
				19,201		5,207


5	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			43,364		153,015
	Other creditors			280,903		291,534
				324,267		444,549


6	Loans			2026		2025
£					£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years			280,903		291,534


	Secured bank loans			43,364		122,425




7	Other information

	J.J. Properties (Northern) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 6, Vita House
	Fish Quay
	North Sheilds
	Tyne And Wear
	NE30 1JA