JLRM Properties Ltd - Accounts to registrar (filleted) - small 23.2.5

JLRM Properties Ltd - Accounts to registrar (filleted) - small 23.2.5

JLRM PROPERTIES LTD - Company Information

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IRIS Accounts Production v23.4.0.336 SC580202 Board of Directors Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5802022022-10-31SC5802022023-10-31SC5802022022-11-012023-10-31SC5802022021-10-31SC5802022021-11-012022-10-31SC5802022022-10-31SC580202ns15:Scotland2022-11-012023-10-31SC580202ns14:PoundSterling2022-11-012023-10-31SC580202ns10:Director12022-11-012023-10-31SC580202ns10:Director22022-11-012023-10-31SC580202ns10:PrivateLimitedCompanyLtd2022-11-012023-10-31SC580202ns10:SmallEntities2022-11-012023-10-31SC580202ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-31SC580202ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-31SC580202ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-31SC580202ns10:FullAccounts2022-11-012023-10-31SC580202ns10:RegisteredOffice2022-11-012023-10-31SC580202ns5:CurrentFinancialInstruments2023-10-31SC580202ns5:CurrentFinancialInstruments2022-10-31SC580202ns5:Non-currentFinancialInstruments2023-10-31SC580202ns5:Non-currentFinancialInstruments2022-10-31SC580202ns5:ShareCapital2023-10-31SC580202ns5:ShareCapital2022-10-31SC580202ns5:RevaluationReserve2023-10-31SC580202ns5:RevaluationReserve2022-10-31SC580202ns5:RetainedEarningsAccumulatedLosses2023-10-31SC580202ns5:RetainedEarningsAccumulatedLosses2022-10-31SC580202ns5:PlantMachinery2022-11-012023-10-31SC580202ns5:PlantMachinery2022-10-31SC580202ns5:PlantMachinery2023-10-31SC580202ns5:PlantMachinery2022-10-31SC580202ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-31SC580202ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: SC580202 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

JLRM PROPERTIES LTD
JLRM PROPERTIES LTD (REGISTERED NUMBER: SC580202)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JLRM PROPERTIES LTD

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: Ms P L Hackett
J R Hackett



REGISTERED OFFICE: 3 Gamekeeper's Park
Edinburgh
EH4 6PA



REGISTERED NUMBER: SC580202 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: Bank of Scotland plc
The Direct Business Bank
Edinburgh
EH11 1YH



SOLICITORS: Wilson Ward LLP
131 Newhaven Road
Edinburgh
EH6 4NP
Page 1
JLRM PROPERTIES LTD (REGISTERED NUMBER: SC580202)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,314 5,964
Investment property 5 584,000 577,730
593,314 583,694

CURRENT ASSETS
Debtors 6 282 272
Cash at bank 3,638 4,707
3,920 4,979
CREDITORS
Amounts falling due within one year 7 544,785 556,657
NET CURRENT LIABILITIES (540,865 ) (551,678 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
52,449
32,016

CREDITORS
Amounts falling due after more than one year 8 (6,293 ) -

PROVISIONS FOR LIABILITIES (756 ) -
NET ASSETS 45,400 32,016

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 3,018 -
Retained earnings 42,282 31,916
45,400 32,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 notes form part of these financial statements

Page 2 continued...
JLRM PROPERTIES LTD (REGISTERED NUMBER: SC580202)

BALANCE SHEET - continued
31 October 2023


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 15 March 2024 and were signed on its behalf by:




J R Hackett - Director



Ms P L Hackett - Director


The notes form part of these financial statements

Page 3
JLRM PROPERTIES LTD (REGISTERED NUMBER: SC580202)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023


1. STATUTORY INFORMATION

JLRM Properties Ltd is a private company, limited by shares , registered in Scotland. 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 (£), rounded to the nearest £.

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 represents the total of rent received by the company for the rental of property.

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 - 10% on cost

Investment property
The company carries investment property at fair value with changes in fair value being recognised in the Income Statement. Any such changes together with the related deferred tax are transferred to a Revaluation Reserve.

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 ) .

Page 4 continued...
JLRM PROPERTIES LTD (REGISTERED NUMBER: SC580202)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 7,609
Additions 5,036
Disposals (856 )
At 31 October 2023 11,789
DEPRECIATION
At 1 November 2022 1,645
Charge for year 1,002
Eliminated on disposal (172 )
At 31 October 2023 2,475
NET BOOK VALUE
At 31 October 2023 9,314
At 31 October 2022 5,964

The total net book value of tangible fixed assets on a hire purchase contract is £3,856 (2022: £Nil).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 577,730
Revaluations 6,270
At 31 October 2023 584,000
NET BOOK VALUE
At 31 October 2023 584,000
At 31 October 2022 577,730

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2019 (10,304 )
Valuation in 2021 7,760
Valuation in 2023 6,270
Cost 580,274
584,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 580,274 580,274

In the opinion of the directors, the current fair value of the company's investment property is £584,000 (2022:£577,730). The directors opinion has been arrived at after reviewing transactions in the location and category of the investment property being valued.

Page 5 continued...
JLRM PROPERTIES LTD (REGISTERED NUMBER: SC580202)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 282 272

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 1,322 -
Taxation and social security 2,187 1,410
Other creditors 541,276 555,247
544,785 556,657

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,534 -
Other creditors 3,759 -
6,293 -

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,320 -

Page 6