IRIS Accounts Production v23.2.0.158 13400361 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Fair value model A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 D Ordinary 1.00000 E Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134003612022-05-31134003612023-05-31134003612022-06-012023-05-31134003612021-05-15134003612021-05-162022-05-31134003612022-05-3113400361ns10:Originalns15:EnglandWales2022-06-012023-05-3113400361ns14:PoundSterlingns10:Original2022-06-012023-05-3113400361ns10:Originalns10:Director12022-06-012023-05-3113400361ns10:Original2022-06-012023-05-3113400361ns10:Original2023-05-3113400361ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3113400361ns10:Originalns10:SmallEntities2022-06-012023-05-3113400361ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3113400361ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3113400361ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3113400361ns10:Originalns10:FullAccounts2022-06-012023-05-3113400361ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3113400361ns10:Originalns10:OrdinaryShareClass22022-06-012023-05-3113400361ns10:OrdinaryShareClass3ns10:Original2022-06-012023-05-3113400361ns10:Originalns10:OrdinaryShareClass42022-06-012023-05-3113400361ns10:Originalns10:OrdinaryShareClass52022-06-012023-05-3113400361ns10:Originalns10:Director22022-06-012023-05-3113400361ns10:Originalns10:RegisteredOffice2022-06-012023-05-3113400361ns10:Original2022-05-3113400361ns10:Originalns5:CurrentFinancialInstruments2023-05-3113400361ns10:Originalns5:CurrentFinancialInstruments2022-05-3113400361ns5:ShareCapitalns10:Original2023-05-3113400361ns5:ShareCapitalns10:Original2022-05-3113400361ns10:Originalns5:RevaluationReserve2023-05-3113400361ns10:Originalns5:RevaluationReserve2022-05-3113400361ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3113400361ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3113400361ns10:Original2021-05-162022-05-3113400361ns10:Original2022-05-3113400361ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3113400361ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3113400361ns10:Originalns10:OrdinaryShareClass12023-05-3113400361ns10:Originalns10:OrdinaryShareClass22023-05-3113400361ns10:OrdinaryShareClass3ns10:Original2023-05-3113400361ns10:Originalns10:OrdinaryShareClass42023-05-3113400361ns10:Originalns10:OrdinaryShareClass52023-05-3113400361ns10:Originalns5:RevaluationReserve2022-05-31
REGISTERED NUMBER: 13400361 (England and Wales)















JEPP PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






JEPP PROPERTIES LIMITED (REGISTERED NUMBER: 13400361)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


JEPP PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: H S Neilson
Mrs H L Neilson





REGISTERED OFFICE: The Old Vicarage
East Stoke
Newark
Nottinghamshire
NG23 5QE





REGISTERED NUMBER: 13400361 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Holdings Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

JEPP PROPERTIES LIMITED (REGISTERED NUMBER: 13400361)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 528,001 480,001

CURRENT ASSETS
Debtors 5 1,876 1,818
Cash at bank 3,213 147
5,089 1,965
CREDITORS
Amounts falling due within one year 6 439,721 437,201
NET CURRENT LIABILITIES (434,632 ) (435,236 )
TOTAL ASSETS LESS CURRENT LIABILITIES 93,369 44,765

PROVISIONS FOR LIABILITIES 16,596 7,476
NET ASSETS 76,773 37,289

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 70,752 31,872
Retained earnings 5,921 5,317
SHAREHOLDERS' FUNDS 76,773 37,289

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 15 August 2023 and were signed on its behalf by:





H S Neilson - Director


JEPP PROPERTIES LIMITED (REGISTERED NUMBER: 13400361)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

JEPP Properties Limited 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.

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

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2022 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 480,001
Revaluations 48,000
At 31 May 2023 528,001
NET BOOK VALUE
At 31 May 2023 528,001
At 31 May 2022 480,001

JEPP PROPERTIES LIMITED (REGISTERED NUMBER: 13400361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2022 39,348
Valuation in 2023 48,000
Cost 440,653
528,001

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,876 1,818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 142 1,247
Other creditors 439,579 435,954
439,721 437,201

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 A Ordinary £1 20 20
20 B Ordinary £1 20 20
20 C Ordinary £1 20 20
20 D Ordinary £1 20 20
20 E Ordinary £1 20 20
100 100

8. RESERVES
Revaluation
reserve
£   
At 1 June 2022 31,872
Revaluation in year 48,000
Deferred tax (9,120 )

At 31 May 2023 70,752