Silverfin false 31/12/2022 31/01/2022 31/12/2022 Mr S Campbell 31/01/2022 Mr C Campbell 01/05/2023 31/01/2022 03 October 2023 The principal activity of the company during this financial period was that of property investment. 13882965 2022-12-31 13882965 bus:Director1 2022-12-31 13882965 bus:Director2 2022-12-31 13882965 core:CurrentFinancialInstruments 2022-12-31 13882965 core:Non-currentFinancialInstruments 2022-12-31 13882965 core:ShareCapital 2022-12-31 13882965 core:RetainedEarningsAccumulatedLosses 2022-12-31 13882965 2022-01-30 13882965 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-12-31 13882965 bus:OrdinaryShareClass1 2022-12-31 13882965 2022-01-31 2022-12-31 13882965 bus:FullAccounts 2022-01-31 2022-12-31 13882965 bus:SmallEntities 2022-01-31 2022-12-31 13882965 bus:AuditExemptWithAccountantsReport 2022-01-31 2022-12-31 13882965 bus:PrivateLimitedCompanyLtd 2022-01-31 2022-12-31 13882965 bus:Director1 2022-01-31 2022-12-31 13882965 bus:Director2 2022-01-31 2022-12-31 13882965 core:Non-currentFinancialInstruments 2022-01-31 2022-12-31 13882965 bus:OrdinaryShareClass1 2022-01-31 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13882965 (England and Wales)

59 JH PROPERTY LIMITED

Unaudited Financial Statements
For the financial period from 31 January 2022 to 31 December 2022
Pages for filing with the registrar

59 JH PROPERTY LIMITED

Unaudited Financial Statements

For the financial period from 31 January 2022 to 31 December 2022

Contents

59 JH PROPERTY LIMITED

BALANCE SHEET

As at 31 December 2022
59 JH PROPERTY LIMITED

BALANCE SHEET (continued)

As at 31 December 2022
Note 31.12.2022
£
Fixed assets
Investment property 3 135,750
135,750
Current assets
Debtors 4 6,667
Cash at bank and in hand 15,228
21,895
Creditors: amounts falling due within one year 5 ( 54,904)
Net current liabilities (33,009)
Total assets less current liabilities 102,741
Creditors: amounts falling due after more than one year 6 ( 115,000)
Net liabilities ( 12,259)
Capital and reserves
Called-up share capital 7 150
Profit and loss account ( 12,409 )
Total shareholder's deficit ( 12,259)

For the financial period ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of 59 JH Property Limited (registered number: 13882965) were approved and authorised for issue by the Director on 03 October 2023. They were signed on its behalf by:

Mr S Campbell
Director
59 JH PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 31 January 2022 to 31 December 2022
59 JH PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 31 January 2022 to 31 December 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

59 JH Property Limited is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in . The address of the Company's registered office is Pell Mor, Darite, Liskeard, PL14 5JW, Plymouth, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
31.01.2022 to
31.12.2022
Number
Monthly average number of persons employed by the Company during the period, including the director 0

3. Investment property

Investment property
£
Valuation
As at 31 January 2022 0
Additions 135,750
As at 31 December 2022 135,750

4. Debtors

31.12.2022
£
Other debtors 6,667

5. Creditors: amounts falling due within one year

31.12.2022
£
Amounts owed to related parties 40,430
Amounts owed to director 12,150
Accruals 924
Other creditors 1,400
54,904

6. Creditors: amounts falling due after more than one year

31.12.2022
£
Other loans 115,000

The loan is secured against the asset to which it relates.

7. Called-up share capital

31.12.2022
£
Allotted, called-up and fully-paid
150 Ordinary shares of £ 1.00 each 150

During the year, 150 Ordinary £1 shares were issued at par value.