Jb 2 Let Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10077559 (England and Wales)

Jb 2 Let Limited

Unaudited Financial Statements

for the Year Ended 31 March 2019

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J N Bown

SECRETARY:

Ms A J Fraser

REGISTERED OFFICE:

8 Belvior Dosthill

Tamworth

Staffordshire

B77 1JJ

REGISTERED NUMBER:

10077559 (England and Wales)

ACCOUNTANTS:

Wychbury Greaves

Towers Point

Towers Business Park

Wheelhouse Road

Rugeley

Staffordshire

WS15 1UN

FIXED ASSETS

Tangible assets

3

2,179

-

Investment property

4

1,091,389

644,626

1,093,568

644,626

CURRENT ASSETS

Debtors

-

300

Cash at bank

6,196

4,775

6,196

5,075

CREDITORS

Amounts falling due within one year

343,802

199,487

NET CURRENT LIABILITIES

(337,606

)

(194,412

)

TOTAL ASSETS LESS CURRENT LIABILITIES

755,962

450,214

CREDITORS

Amounts falling due after more than one year

5

717,103

422,978

NET ASSETS

38,859

27,236

CAPITAL AND RESERVES

Called up share capital

6

10

10

Retained earnings

38,849

27,226

SHAREHOLDERS' FUNDS

38,859

27,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 19 September 2019 and were signed by:

J N Bown - Director

1.	STATUTORY INFORMATION

Jb 2 Let 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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 year 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.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

2,773

At 31 March 2019

2,773

DEPRECIATION

Charge for year

594

At 31 March 2019

594

NET BOOK VALUE

At 31 March 2019

2,179

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

644,626

Additions

446,763

At 31 March 2019

1,091,389

NET BOOK VALUE

At 31 March 2019

1,091,389

At 31 March 2018

644,626

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2019

2018

£

£

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

717,103

422,978

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

10

ORD

£1

10

10

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

2019

2018

£

£

J N Bown

Balance outstanding at start of year

(191,351

)

(50,583

)

Amounts advanced

(144,504

)

(140,768

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(335,855

)

(191,351

)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J N Bown.