JGJ Residential Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11196594 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

FOR

JGJ RESIDENTIAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss G Wolfson

Mr D Wolfson

REGISTERED OFFICE:

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

REGISTERED NUMBER:

11196594 (England and Wales)

ACCOUNTANTS:

Daniel Wolfson & Co Ltd

Chartered Accountants

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

FIXED ASSETS

Investment property

4

288,950

-

CURRENT ASSETS

Cash at bank and in hand

4,653

4,852

CREDITORS

Amounts falling due within one year

5

12,103

5,000

NET CURRENT LIABILITIES

(7,450

)

(148

)

TOTAL ASSETS LESS CURRENT LIABILITIES

281,500

(148

)

CREDITORS

Amounts falling due after more than one year

6

295,418

-

NET LIABILITIES

(13,918

)

(148

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

(13,920

)

(150

)

SHAREHOLDERS' FUNDS

(13,918

)

(148

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 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 30 April 2021 and were signed on its behalf by:

Mr D Wolfson - Director

1.	STATUTORY INFORMATION

JGJ Residential 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 represents rents receivable.

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.

Going concern

The accounts have been prepared on a going concern basis given the continued financial support of the directors and the company's bankers.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

288,950

At 31 July 2020

288,950

NET BOOK VALUE

At 31 July 2020

288,950

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Directors' current accounts

11,793

5,000

Accruals and deferred income

310

-

12,103

5,000

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans more 5 yrs non-inst

195,418

-

Directors' loan accounts

100,000

-

295,418

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

195,418

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 August 2019

(150

)

Deficit for the year

(13,770

)

At 31 July 2020

(13,920

)

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors, who jointly own 100% of the voting share capital.