J and J Properties (Latchford) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06227220 (England and Wales)

J AND J PROPERTIES (LATCHFORD) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2023 TO 28 FEBRUARY 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr J D Broadhurst

Mrs A Quinn

REGISTERED OFFICE:

Turner House

Queen Street

Stourbridge

West Midlands

DY8 1TP

REGISTERED NUMBER:

06227220 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J and J Properties (Latchford) Limited for the period ended 28 February 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J and J Properties (Latchford) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J and J Properties (Latchford) Limited and state those matters that we have agreed to state to the Board of Directors of J and J Properties (Latchford) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J and J Properties (Latchford) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J and J Properties (Latchford) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J and J Properties (Latchford) Limited. You consider that J and J Properties (Latchford) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of J and J Properties (Latchford) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

16 October 2025

FIXED ASSETS

Tangible assets

4

-

24,058

Investment property

5

790,000

644,159

790,000

668,217

CURRENT ASSETS

Debtors

6

-

178,188

Cash at bank

2,655

11,377

2,655

189,565

CREDITORS

Amounts falling due within one year

7

93,533

159,738

NET CURRENT (LIABILITIES)/ASSETS

(90,878

)

29,827

TOTAL ASSETS LESS CURRENT
LIABILITIES

699,122

698,044

CREDITORS

Amounts falling due after more than one
year

8

664,707

589,987

NET ASSETS

34,415

108,057

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

9

140,924

-

Retained earnings

(106,609

)

107,957

34,415

108,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2025 and were signed on its behalf by:

Mr J D Broadhurst - Director

1.	STATUTORY INFORMATION

J and J Properties (Latchford) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net sales of goods/services, excluding value added tax

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 September 2023

27,272

6,000

33,272

Disposals

(22,355

)

(6,000

)

(28,355

)

Reclassification/transfer

(4,917

)

-

(4,917

)

At 28 February 2025

-

DEPRECIATION

At 1 September 2023

7,714

1,500

9,214

Eliminated on disposal

(7,714

)

(1,500

)

(9,214

)

At 28 February 2025

-

NET BOOK VALUE

At 28 February 2025

-

At 31 August 2023

19,558

4,500

24,058

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2023

6,000

Disposals

(6,000

)

At 28 February 2025

-

DEPRECIATION

At 1 September 2023

1,500

Eliminated on disposal

(1,500

)

At 28 February 2025

-

NET BOOK VALUE

At 28 February 2025

-

At 31 August 2023

4,500

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2023

644,159

Revaluations

140,924

Reclassification/transfer

4,917

At 28 February 2025

790,000

NET BOOK VALUE

At 28 February 2025

790,000

At 31 August 2023

644,159

Fair value at 28 February 2025 is represented by:

£

Valuation in 2025

140,924

Cost

649,076

790,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Other debtors

-

178,188

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Bank loans and overdrafts

20,800

Hire purchase contracts

-

1,838

Taxation and social security

1,858

-

Other creditors

70,875

137,100

93,533

159,738

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2023

£

Bank loans

255,070

285,871

Hire purchase contracts

-

3,479

Other creditors

409,637

300,637

664,707

589,987

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

209,370

225,171

9.

RESERVES

Fair

value

reserve

£

Revaluation

140,924

At 28 February 2025

140,924