General Information
J04 Traders Ltd is a private company, limited by shares, registered in England and Wales, registration number 14522267, registration address 80 Sandringham Way, Newfield, Chester Le Street, Durham, DH2 2FE.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises of the amounts charged to tenants in respect of rent.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
25% Reducing Balance
|
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Investment properties |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 January 2025 |
98 |
|
205,640 |
|
205,738 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| Revaluations |
- |
|
46,360 |
|
46,360 |
| At 31 December 2025 |
98 |
|
252,000 |
|
252,098 |
| Depreciation |
| At 01 January 2025 |
43 |
|
- |
|
43 |
| Charge for year |
14 |
|
- |
|
14 |
| On disposals |
- |
|
- |
|
- |
| At 31 December 2025 |
57 |
|
- |
|
57 |
| Net book values |
| Closing balance as at 31 December 2025 |
41 |
|
252,000 |
|
252,041 |
| Opening balance as at 01 January 2025 |
55 |
|
205,639 |
|
205,694 |
|
| 4. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Directors' Current Accounts |
37,465 |
|
123,102 |
|
37,465 |
|
123,102 |
|
| 5. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
193,137 |
|
100,416 |
|
193,137 |
|
100,416 |
|
| 6. |
Directors Advances, Credits and Guarantees
Included in creditors: amounts due within one year, are amounts owed to the Director of £37,465. (2024 - £123,102.)
|
| 7. |
Disclosure of controlling party
For the whole of the period under review the company was under the control of James O'Halloran, director of the company.
|
2
|