L.J.A. Diamond Properties Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11877329 (England and Wales)

Financial Statements for the Year Ended 31 March 2023

for

L.J.A. Diamond Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms T Connor

Mr C B Ashton

SECRETARY:

REGISTERED OFFICE:

100 Liverpool Road

Cadishead

Manchester

Greater Manchester

M44 5AN

REGISTERED NUMBER:

11877329 (England and Wales)

ACCOUNTANTS:

Bob Jones & Associates Ltd

100 Liverpool Road

Cadishead

Manchester

Greater Manchester

M44 5AN

FIXED ASSETS

Tangible assets

4

1,073,070

1,198,070

CURRENT ASSETS

Cash at bank

34,095

65,530

CREDITORS

Amounts falling due within one year

5

38,263

46,890

NET CURRENT (LIABILITIES)/ASSETS

(4,168

)

18,640

TOTAL ASSETS LESS CURRENT LIABILITIES

1,068,902

1,216,710

CREDITORS

Amounts falling due after more than one year

6

676,467

830,189

NET ASSETS

392,435

386,521

CAPITAL AND RESERVES

Called up share capital

313

313

Revaluation reserve

7

169,650

206,650

Retained earnings

222,472

179,558

SHAREHOLDERS' FUNDS

392,435

386,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 1 December 2023 and were signed on its behalf by:

Mr C B Ashton - Director

1.	STATUTORY INFORMATION

L.J.A. Diamond Properties Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2022

1,198,070

Disposals

(125,000

)

At 31 March 2023

1,073,070

NET BOOK VALUE

At 31 March 2023

1,073,070

At 31 March 2022

1,198,070

Cost or valuation at 31 March 2023 is represented by:

Land and

buildings

£

Valuation in 2021

1,198,070

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

34,358

28,284

Taxation and social security

1,387

13,079

Other creditors

2,518

5,527

38,263

46,890

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Other creditors

676,467

830,189

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

431,544

612,119

7.

RESERVES

Revaluation

reserve

£

At 1 April 2022

206,650

Revaluation charge

(37,000

)

At 31 March 2023

169,650