JSE Estates Limited

JSE Estates Limited

JSE ESTATES LIMITED - Company Information

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Company Registration No. 10646181 (England and Wales)
JSE Estates Limited Unaudited accounts for the year ended 31 March 2020
JSE Estates Limited Unaudited accounts Contents
Page
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JSE Estates Limited Company Information for the year ended 31 March 2020
Director
Yisroel Schreiber
Company Number
10646181 (England and Wales)
Registered Office
103 High Street Waltham Cross Hertfordshire EN8 7AN United Kingdom
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross Herts. EN8 7AN
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of JSE Estates Limited for the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JSE Estates Limited for the year ended 31 March 2020 as set out on pages 5 - 7 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of JSE Estates Limited, as a body, in accordance with the terms of our engagement letter dated 28 August 2017. Our work has been undertaken solely to prepare for your approval the accounts of JSE Estates Limited and state those matters that we have agreed to state to the Board of Directors of JSE Estates Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JSE Estates Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that JSE Estates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of JSE Estates Limited. You consider that JSE Estates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of JSE Estates 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 accounts.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross Herts. EN8 7AN 16 November 2020
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JSE Estates Limited Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,450,841 
3,465,241 
Current assets
Debtors
5
51,360 
93,611 
Cash at bank and in hand
7,393 
647 
58,753 
94,258 
Creditors: amounts falling due within one year
6
(227,094)
(80,276)
Net current (liabilities)/assets
(168,341)
13,982 
Total assets less current liabilities
3,282,500 
3,479,223 
Creditors: amounts falling due after more than one year
7
(3,337,427)
(3,584,492)
Net liabilities
(54,927)
(105,269)
Capital and reserves
Called up share capital
8
1,000 
1,000 
Profit and loss account
(55,927)
(106,269)
Shareholders' funds
(54,927)
(105,269)
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 November 2020 and were signed on its behalf by
Yisroel Schreiber Director Company Registration No. 10646181
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JSE Estates Limited Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
JSE Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 10646181. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation is provided on the company's freehold properties
Motor vehicles
20% straight line
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2019
3,393,241 
72,000 
3,465,241 
At 31 March 2020
3,393,241 
72,000 
3,465,241 
Depreciation
Charge for the year
- 
14,400 
14,400 
At 31 March 2020
- 
14,400 
14,400 
Net book value
At 31 March 2020
3,393,241 
57,600 
3,450,841 
At 31 March 2019
3,393,241 
72,000 
3,465,241 
5
Debtors
2020 
2019 
£ 
£ 
VAT
- 
3,691 
Trade debtors
24,475 
24,920 
Other debtors
26,885 
65,000 
51,360 
93,611 
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JSE Estates Limited Notes to the Accounts for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
VAT
6,302 
- 
Trade creditors
54,282 
69,526 
Other creditors
157,000 
10,200 
Loans from directors
8,685 
(1,000)
Accruals
825 
1,550 
227,094 
80,276 
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Other creditors
3,337,427 
3,584,492 
8
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary A shares of £1 each
10 
10 
990 Ordinary B shares of £1 each
990 
990 
1,000 
1,000 
9
Transactions with related parties
The company was under the control of Mr Y. Schreiber throughout the current year. Mr Y. Schreiber is personally interested in 100% of the company's share capital.
10
Average number of employees
During the year the average number of employees was 2 (2019: 1).
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