JHRE Limited
JHRE Limited
Registered number: 13620952
Unaudited Financial Statements
For The Year Ended
30 September 2023
JHRE Limited
Unaudited Financial Statements
For The Year Ended
30 September 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Page 1
JHRE Limited
Balance Sheet
As At
30 September 2023
Balance Sheet
Registered number:
13620952
For the year ending 30 September 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 30 September 2023 | 30 September 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investment Properties | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET LIABILITIES |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (8,516) | (19,757) | |||
Page 1
Page 2
JHRE Limited
Balance Sheet (continued)
As At
30 September 2023
On behalf of the board
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Director
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
JHRE Limited
Notes to the Financial Statements
For The Year Ended
30 September 2023
Notes to the Financial Statements
1.
General Information
JHRE Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
13620952
. The registered office is Barberry House, Bromsgrove Road, Stourbridge, West Midlands, DY9 9XX.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circunstances.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Rental income is recognised in the period in which it accrues. Where tenants are provided rent free periods, the cost of the incentive is spread over the lease term.
2.4.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
Page 3
Page 4
JHRE Limited
Notes to the Financial Statements (continued)
For The Year Ended
30 September 2023
4.
Investment Property
| 30 September 2023 | |
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| £ | |
| Fair Value | |
| As at
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| Additions |
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| As at
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If investment property had been accounted for under historical cost accounting rules, the amounts would be:
| 30 September 2023 | 30 September 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Cost | 580,188 | 574,688 | |
5.
Debtors
| 30 September 2023 | 30 September 2022 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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6.
Creditors: Amounts Falling Due Within One Year
| 30 September 2023 | 30 September 2022 | ||
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| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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| Directors' loan accounts | - |
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| Amounts owed to related parties |
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7.
Share Capital
| 30 September 2023 | 30 September 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Allotted, Called up and fully paid |
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Page 4
Page 5
JHRE Limited
Notes to the Financial Statements (continued)
For The Year Ended
30 September 2023
8.
Related Party Transactions
During the year Wheatlands Estates Limited, a company in which Mr H J Bellfield is also a director, advanced £13,500. The balance owing as at 30 September 2023 was £289,350 (2022: £275,850).
During the year Hudson Realty Limited, a company in which Mr J H Robinson is also a director, advanced £2,000. The balance owing as at 30 September 2023 was £289,350 (2022: £287,350).
9.
Controlling Party
The company is under the joint control of Wheatlands Estates Limited and Hudson Realty Limited.
Page 5