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REGISTERED NUMBER: 10741779 (England and Wales)















JP ACQUISITIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






JP ACQUISITIONS LIMITED (REGISTERED NUMBER: 10741779)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JP ACQUISITIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: L A Loat
J Pinn





REGISTERED OFFICE: 51 St. Agatha Road
Cardiff
CF14 4EA





REGISTERED NUMBER: 10741779 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

JP ACQUISITIONS LIMITED (REGISTERED NUMBER: 10741779)

STATEMENT OF FINANCIAL POSITION
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,606
Investments 5 6,000 -
Investment property 6 1,638,290 1,307,183
1,644,290 1,308,789

CURRENT ASSETS
Debtors 7 10,563 -
Cash at bank 28,492 212,134
39,055 212,134
CREDITORS
Amounts falling due within one year 8 776,828 735,738
NET CURRENT LIABILITIES (737,773 ) (523,604 )
TOTAL ASSETS LESS CURRENT LIABILITIES 906,517 785,185

CREDITORS
Amounts falling due after more than one
year

9

486,820

492,820
NET ASSETS 419,697 292,365

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 419,597 292,265
SHAREHOLDERS' FUNDS 419,697 292,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

JP ACQUISITIONS LIMITED (REGISTERED NUMBER: 10741779)

STATEMENT OF FINANCIAL POSITION - continued
28TH FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th October 2023 and were signed on its behalf by:





J Pinn - Director


JP ACQUISITIONS LIMITED (REGISTERED NUMBER: 10741779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

JP Acquisitions 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% Straight line

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

JP ACQUISITIONS LIMITED (REGISTERED NUMBER: 10741779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st March 2022
and 28th February 2023 6,421
DEPRECIATION
At 1st March 2022 4,815
Charge for year 1,606
At 28th February 2023 6,421
NET BOOK VALUE
At 28th February 2023 -
At 28th February 2022 1,606

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 6,000
At 28th February 2023 6,000
NET BOOK VALUE
At 28th February 2023 6,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2022 1,307,183
Additions 331,107
At 28th February 2023 1,638,290
NET BOOK VALUE
At 28th February 2023 1,638,290
At 28th February 2022 1,307,183

JP ACQUISITIONS LIMITED (REGISTERED NUMBER: 10741779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 563 -
Other debtors 10,000 -
10,563 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Taxation and social security 30,245 17,598
Other creditors 740,583 712,140
776,828 735,738

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 486,820 492,820

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares 1 100 100

11. RELATED PARTY DISCLOSURES

As at the year end JP Acquisitions Limited owed £364,878 (2022 - £319,563) to companies in which the directors have a controlling interest.