JSMB Properties Limited Filleted accounts for Companies House (small and micro)
JSMB Properties Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
10649890
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Statement of financial position |
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2022 |
2021 |
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Note |
£ |
£ |
£ |
Fixed assets
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Investments |
5 |
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Current assets
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Stocks |
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– |
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Cash at bank and in hand |
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------- |
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Creditors: amounts falling due within one year |
6 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
7 |
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– |
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------- |
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Net assets |
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Capital and reserves
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Called up share capital |
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Share premium account |
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– |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of financial position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
16 August 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
10649890
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Notes to the financial statements |
year ended 31 March 2022
1.
General information
The principal activity of the company during the year was property investment, property management and property development. The company is a private company limited by shares, registered in England and Wales (no.
10649890
). The address of the registered office is 12a Walsh Lane, Leeds, West Yorkshire, LS12 5EJ, England.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the date of the statement of financial position and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Details of these judgements are set out in the accounting policies.
Turnover
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Financial instruments
4.
Employees
The average number of persons employed by the company during the year, including the directors, amounted to 2(2021: 2).
5.
Investments
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Investment properties |
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£ |
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Cost |
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At 1 April 2021 |
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Additions |
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At 31 March 2022 |
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Impairment |
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At 1 April 2021 and 31 March 2022 |
– |
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Carrying amount |
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At 31 March 2022 |
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At 31 March 2021 |
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6.
Creditors:
amounts falling due within one year
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2022 |
2021 |
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£ |
£ |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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7.
Creditors:
amounts falling due after more than one year
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2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
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The bank loans are secured by a fixed charge over the assets of the company.