JJ_COMMERCIAL_PROPERTY_LI - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

JJ Commercial Property Limited is a private company limited by shares incorporated in England and Wales. The registration number is 09992008 and the registered office is Finsgate, 5-7 Cranwood Street, London, EC1V, 9EE.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover is recognised at the fair value of the consideration received or receivable for rental income in the normal course of business.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

The average monthly number of persons (including directors) employed by the company during the year was:

At the year end, the company owed £4,050 (2020 - £4,050) to JJ Locations Ltd, a company under common control.

During the year the company also charged rent of £62,475 (2020 - £68,600) to JJ Locations Limited.

At the year, the company owed £14,061 (2020 - £15,238) to JJ Property Investments Limited, the Parent Company, in respect of an interest free loan repayable on demand.

The parent company is JJ Property Investments Limited and its registered office is Finsgate, 5-7 Cranwood Street, London, United Kingdom, EC1V 9EE.