JRP Property Division Limited 10639862 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Buying Investment Properties for Letting Digita Accounts Production Advanced 6.30.9574.0 true 10639862 2022-03-01 2023-02-28 10639862 2023-02-28 10639862 bus:OrdinaryShareClass1 2023-02-28 10639862 core:RetainedEarningsAccumulatedLosses 2023-02-28 10639862 core:ShareCapital 2023-02-28 10639862 core:CurrentFinancialInstruments 2023-02-28 10639862 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 10639862 bus:SmallEntities 2022-03-01 2023-02-28 10639862 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 10639862 bus:AbridgedAccounts 2022-03-01 2023-02-28 10639862 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 10639862 bus:RegisteredOffice 2022-03-01 2023-02-28 10639862 bus:Director1 2022-03-01 2023-02-28 10639862 bus:Director2 2022-03-01 2023-02-28 10639862 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 10639862 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 10639862 bus:Agent1 2022-03-01 2023-02-28 10639862 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 10639862 countries:EnglandWales 2022-03-01 2023-02-28 10639862 2021-03-01 2022-02-28 10639862 2022-02-28 10639862 bus:OrdinaryShareClass1 2022-02-28 10639862 core:RetainedEarningsAccumulatedLosses 2022-02-28 10639862 core:ShareCapital 2022-02-28 10639862 core:CurrentFinancialInstruments 2022-02-28 10639862 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10639862

JRP Property Division Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 28 February 2023

 

JRP Property Division Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Balance Sheet

4

Notes to the Unaudited Abridged Financial Statements

5 to 6

 

JRP Property Division Limited

Company Information

Directors

Mrs Gemma Berryman

Mr Mark Paul Berryman

Registered office

The Cabin Throwley Forstal
Faversham
Kent
ME13 0PJ

Accountants

Abtax CA Limited
Certified Accountant
The Joiners Shop The Historic Dockyard
Main Gate Road
Chatham
Kent
ME4 4TZ

 

JRP Property Division Limited

Directors' Report for the Year Ended 28 February 2023

The directors present their report and the abridged financial statements for the year ended 28 February 2023.

Directors of the company

The directors who held office during the year were as follows:

Mrs Gemma Berryman

Mr Mark Paul Berryman

Principal activity

The principal activity of the company is Buying Investment Properties for Letting

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 13 October 2023 and signed on its behalf by:
 

.........................................
Mr Mark Paul Berryman
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
JRP Property Division Limited
for the Year Ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JRP Property Division Limited for the year ended 28 February 2023 as set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of JRP Property Division Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of JRP Property Division Limited and state those matters that we have agreed to state to the Board of Directors of JRP Property Division Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JRP Property Division Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that JRP Property Division Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of JRP Property Division Limited. You consider that JRP Property Division Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of JRP Property Division Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Abtax CA Limited
Certified Accountant
The Joiners Shop The Historic Dockyard
Main Gate Road
Chatham
Kent
ME4 4TZ

13 October 2023

 

JRP Property Division Limited

(Registration number: 10639862)
Abridged Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

194,226

-

Current assets

 

Debtors

4

100,699

9,026

Cash at bank and in hand

 

8,956

9,715

 

109,655

18,741

Creditors: Amounts falling due within one year

(314,643)

(27,925)

Net current liabilities

 

(204,988)

(9,184)

Net liabilities

 

(10,762)

(9,184)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(10,862)

(9,284)

Shareholders' deficit

 

(10,762)

(9,184)

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 13 October 2023 and signed on its behalf by:
 

.........................................

Mr Mark Paul Berryman

Director

 

JRP Property Division Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Cabin Throwley Forstal
Faversham
Kent
ME13 0PJ
England

These financial statements were authorised for issue by the Board on 13 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment Fixtures and Fittings

25% SLB

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

JRP Property Division Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

ordinary of £1 each

100

100

100

100