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REGISTERED NUMBER: 11130618 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2021

for

JPC Properties (Essex) Ltd

JPC Properties (Essex) Ltd (Registered number: 11130618)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JPC Properties (Essex) Ltd

Company Information
for the Year Ended 30 November 2021







DIRECTOR: J Pumfrett





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 11130618 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

JPC Properties (Essex) Ltd (Registered number: 11130618)

Balance Sheet
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 1,338,716 401,820
1,338,717 401,821

CURRENT ASSETS
Stocks - 561,414
Debtors 6 1,962 501
Cash at bank 11,904 2,720
13,866 564,635
CREDITORS
Amounts falling due within one year 7 293,680 5,900
NET CURRENT (LIABILITIES)/ASSETS (279,814 ) 558,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,058,903

960,556

CREDITORS
Amounts falling due after more than one
year

8

747,891

962,941
NET ASSETS/(LIABILITIES) 311,012 (2,385 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 311,010 (2,387 )
311,012 (2,385 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JPC Properties (Essex) Ltd (Registered number: 11130618)

Balance Sheet - continued
30 November 2021


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 director and authorised for issue on 11 August 2022 and were signed by:





J Pumfrett - Director


JPC Properties (Essex) Ltd (Registered number: 11130618)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

JPC Properties (Essex) 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.

The company is part of a group.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rents receivable from investment properties owned by the company. Rents receivable are recognised on an accrual basis.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The investment property held is shown as its fair value.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

JPC Properties (Essex) Ltd (Registered number: 11130618)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

2. ACCOUNTING POLICIES - continued

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, including bank loans are also measured at transaction price since the difference between this basis and the amortised cost basis is not material.

Going concern
The accounts have been prepared on the going concern basis which assumes the continued support of the
parent company. The director of the parent has confirmed that this support will continue and believe that no adjustment relating to the company's ability to continue as a going concern need to be made to these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2020
and 30 November 2021 1
NET BOOK VALUE
At 30 November 2021 1
At 30 November 2020 1

The investment in group undertakings relates to an investment in JPC Construction Limited, a 100% owned subsidiary. The investment is shown at cost, and the company is incorporated in England and Wales.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2020 401,820
Additions 936,896
At 30 November 2021 1,338,716
NET BOOK VALUE
At 30 November 2021 1,338,716
At 30 November 2020 401,820

The director has considered the values of the properties held at the year end, and is confident that the values shown accurately represent fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 1,962 501

JPC Properties (Essex) Ltd (Registered number: 11130618)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 413 -
Other creditors 293,267 5,900
293,680 5,900

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 280,250 280,250
Amounts owed to group undertakings 193,641 408,691
Other creditors 274,000 274,000
747,891 962,941

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 280,250 280,250

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Mortgage 280,250 280,250

The above debt is secured against the company's investment property, via a charge held by Hinckley & Rugby Building Society, dated 15/09/2020.