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REGISTERED NUMBER: 13855040 (England and Wales)









Report of the Directors and

Financial Statements

for the Period

18 January 2022 to 31 March 2023

for

Jessie Properties Ltd

Jessie Properties Ltd (Registered number: 13855040)






Contents of the Financial Statements
for the Period 18 January 2022 to 31 March 2023




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Statement of Financial Position 4

Notes to the Financial Statements 5


Jessie Properties Ltd

Company Information
for the Period 18 January 2022 to 31 March 2023







DIRECTORS: O Fryer
Mrs S C Rees





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 13855040 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Jessie Properties Ltd (Registered number: 13855040)

Report of the Directors
for the Period 18 January 2022 to 31 March 2023

The directors present their report with the financial statements of the company for the period 18 January 2022 to 31 March 2023.

INCORPORATION
The company was incorporated on 18 January 2022 and commenced trading on 30 March 2022.

DIRECTORS
The directors shown below have held office during the whole of the period from 18 January 2022 to the date of this report.

O Fryer
Mrs S C Rees

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

ON BEHALF OF THE BOARD:





O Fryer - Director


6 October 2023

Jessie Properties Ltd (Registered number: 13855040)

Statement of Income and Retained Earnings
for the Period 18 January 2022 to 31 March 2023

Notes £   

TURNOVER 34,852

Administrative expenses (39,123 )
(4,271 )


Interest payable and similar expenses (15,112 )
LOSS BEFORE TAXATION 4 (19,383 )

Tax on loss -
LOSS FOR THE FINANCIAL PERIOD (19,383 )

RETAINED EARNINGS AT END OF
PERIOD

(19,383

)

Jessie Properties Ltd (Registered number: 13855040)

Statement of Financial Position
31 March 2023

Notes £   
FIXED ASSETS
Tangible assets 5 6,000
Investment property 6 856,441
862,441

CURRENT ASSETS
Debtors 7 2,826
Cash at bank 18,324
21,150
CREDITORS
Amounts falling due within one year 8 (582,299 )
NET CURRENT LIABILITIES (561,149 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,292

CREDITORS
Amounts falling due after more than one
year

9

(320,575

)
NET LIABILITIES (19,283 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (19,383 )
(19,283 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:



O Fryer - Director



Mrs S C Rees - Director


Jessie Properties Ltd (Registered number: 13855040)

Notes to the Financial Statements
for the Period 18 January 2022 to 31 March 2023

1. STATUTORY INFORMATION

Jessie Properties Ltd 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.

Turnover
Income comprises rent receivable from investment properties and is recognised on an accruals basis.

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
Initial measurement
Investment properties are initially measured at cost.

Subsequent measurement
Investment properties are measured at fair value at each reporting date with changes in fair values recognised in profit or loss. No depreciation is provided in respect of investment properties.

Taxation
Taxation for the period 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.

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 period 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 period was NIL.

4. LOSS BEFORE TAXATION

The loss is stated after charging:

£   
Depreciation - owned assets 2,000

Jessie Properties Ltd (Registered number: 13855040)

Notes to the Financial Statements - continued
for the Period 18 January 2022 to 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 8,000
At 31 March 2023 8,000
DEPRECIATION
Charge for period 2,000
At 31 March 2023 2,000
NET BOOK VALUE
At 31 March 2023 6,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 856,441
At 31 March 2023 856,441
NET BOOK VALUE
At 31 March 2023 856,441

In the opinion of the Directors the company's investment property is stated at fair value at 31 March 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,826

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 380,000
Directors' current accounts 197,621
Accruals and deferred income 4,678
582,299

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans more 5 yrs non-inst 320,575

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 320,575

Jessie Properties Ltd (Registered number: 13855040)

Notes to the Financial Statements - continued
for the Period 18 January 2022 to 31 March 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 320,575

The bank loan is secured by a charge over the company's investment property.