J R Estate Agents Limited - Accounts to registrar (filleted) - small 22.3

J R Estate Agents Limited - Accounts to registrar (filleted) - small 22.3

J R ESTATE AGENTS LIMITED - Company Information

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REGISTERED NUMBER: 02692857 (England and Wales)









Financial Statements

for the Year Ended 31 March 2022

for

J R Estate Agents Limited
J R Estate Agents Limited (Registered number: 02692857)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J R Estate Agents Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: R Fraser
L Fraser





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 02692857 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR
1
J R Estate Agents Limited (Registered number: 02692857)

Balance Sheet
31 March 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,811 13,094

CURRENT ASSETS
Debtors 5 8,691 8,298
Cash at bank and in hand 140,989 154,785
149,680 163,083
CREDITORS
Amounts falling due within one year 6 (46,537 ) (80,244 )
NET CURRENT ASSETS 103,143 82,839
TOTAL ASSETS LESS CURRENT
LIABILITIES
114,954
95,933

CREDITORS
Amounts falling due after more than one
year
7
(32,286
)
(39,583
)
NET ASSETS 82,668 56,350

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 81,668 55,350
82,668 56,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2022 and were signed on its behalf by:





R Fraser - Director


The notes form part of these financial statements

2
J R Estate Agents Limited (Registered number: 02692857)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

J R Estate Agents 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income is recognised when the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 5 ) .

3 continued...
J R Estate Agents Limited (Registered number: 02692857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 154,923
Additions 2,653
At 31 March 2022 157,576
DEPRECIATION
At 1 April 2021 141,829
Charge for year 3,936
At 31 March 2022 145,765
NET BOOK VALUE
At 31 March 2022 11,811
At 31 March 2021 13,094

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 8,691 8,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,214 10,417
Trade creditors 2,372 4,352
Taxation and social security 26,234 34,627
Other creditors 7,717 30,848
46,537 80,244

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 32,286 39,583

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 12,500 12,500
Between one and five years 15,625 28,125
28,125 40,625

9. RELATED PARTY DISCLOSURES

Included within other creditors at the year end is an aggregate amount of £2,704 (2021: £2,704) due to the directors R Fraser and L Fraser. This amount has been provided unsecured, interest free and is repayable on demand.

4