Company Registration No. 02692857 (England and Wales)
J R Estate Agents Limited
Unaudited accounts
for the year ended 31 March 2021
J R Estate Agents Limited
Unaudited accounts
Contents
J R Estate Agents Limited
Company Information
for the year ended 31 March 2021
Directors
Mr R J Fraser
Mrs L Fraser
Company Number
02692857 (England and Wales)
Registered Office
Churchill House, Suite 112
120 Bunns Lane
Mill Hill
NW7 2AS
Accountants
Platts
Churchill House, Suite 112
120 Bunns Lane
Mill Hill
London
NW7 2AS
J R Estate Agents Limited
Statement of financial position
as at 31 March 2021
Tangible assets
13,094
15,422
Cash at bank and in hand
154,785
37,205
Creditors: amounts falling due within one year
(80,244)
(53,042)
Net current assets/(liabilities)
82,839
(7,745)
Total assets less current liabilities
95,933
7,677
Creditors: amounts falling due after more than one year
(39,583)
-
Called up share capital
1,000
1,000
Profit and loss account
55,350
6,677
Shareholders' funds
56,350
7,677
For the year ending 31 March 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 25 November 2021 and were signed on its behalf by
Mr R J Fraser
Director
Company Registration No. 02692857
J R Estate Agents Limited
Notes to the Accounts
for the year ended 31 March 2021
J R Estate Agents Limited is a private company, limited by shares, registered in England and Wales, registration number 02692857. The registered office is Churchill House, Suite 112, 120 Bunns Lane, Mill Hill, NW7 2AS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
J R Estate Agents Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2020
50,662
102,223
152,885
At 31 March 2021
50,662
104,261
154,923
At 1 April 2020
47,315
90,148
137,463
Charge for the year
837
3,529
4,366
At 31 March 2021
48,152
93,677
141,829
At 31 March 2021
2,510
10,584
13,094
At 31 March 2020
3,347
12,075
15,422
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
8,298
8,092
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,417
-
Trade creditors
4,352
3,715
Taxes and social security
34,627
24,563
Loans from directors
2,704
2,080
Deferred income
23,735
19,734
7
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Transactions with related parties
The Company was under control of the Directors throughout the year.
10
Average number of employees
During the year the average number of employees was 5 (2020: 5).
