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REGISTERED NUMBER: 10258393 (England and Wales)












JMW Enterprises Limited

Unaudited Financial Statements for the Year Ended 30 June 2023






JMW Enterprises Limited (Registered number: 10258393)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JMW Enterprises Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mrs J M Wilson





REGISTERED OFFICE: 5 Shipley Mill Close
Park Farm
Kingsnorth
Ashford
Kent
TN23 3NR





REGISTERED NUMBER: 10258393 (England and Wales)





ACCOUNTANTS: Edwards & Co
Chartered Accountants
Unit 1, Goat Lees
Trinity Road
Ashford
Kent
TN25 4AB

JMW Enterprises Limited (Registered number: 10258393)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 245,000 245,000

CURRENT ASSETS
Debtors 5 200 202
Cash at bank 44,692 38,816
44,892 39,018
CREDITORS
Amounts falling due within one year 6 228,572 228,033
NET CURRENT LIABILITIES (183,680 ) (189,015 )
TOTAL ASSETS LESS CURRENT LIABILITIES 61,320 55,985

PROVISIONS FOR LIABILITIES 3,955 6,252
NET ASSETS 57,365 49,733

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 28,949 26,652
Retained earnings 28,415 23,080
SHAREHOLDERS' FUNDS 57,365 49,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

JMW Enterprises Limited (Registered number: 10258393)

Statement of Financial Position - continued
30 June 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 director and authorised for issue on 28 September 2023 and were signed by:





Mrs J M Wilson - Director


JMW Enterprises Limited (Registered number: 10258393)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

JMW Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents income receivable from rents on an accruals basis.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable which are measured at fair value, with changes 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 NIL (2022 - NIL).

JMW Enterprises Limited (Registered number: 10258393)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 245,000
NET BOOK VALUE
At 30 June 2023 245,000
At 30 June 2022 245,000

The investment property was valued at its fair value by the director at the year end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 200 200
Other debtors - 2
200 202

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,239 909
Other creditors 227,333 227,124
228,572 228,033