REGISTERED NUMBER: |
Report of the Directors and |
Financial Statements |
for the Period |
18 January 2022 to 31 March 2023 |
for |
Jessie Properties Ltd |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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. |
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: |
Jessie Properties Ltd (Registered number: 13855040) |
Statement of Income and Retained Earnings |
for the Period 18 January 2022 to 31 March 2023 |
Notes | £ |
TURNOVER |
Administrative expenses | ( |
) |
(4,271 | ) |
Interest payable and similar expenses | ( |
) |
LOSS BEFORE TAXATION | 4 | ( |
) |
Tax on loss |
LOSS FOR THE FINANCIAL PERIOD | ( |
) |
RETAINED EARNINGS AT END OF PERIOD |
( |
) |
Jessie Properties Ltd (Registered number: 13855040) |
Statement of Financial Position |
31 March 2023 |
Notes | £ |
FIXED ASSETS |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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 were approved by the Board of Directors and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Income comprises rent receivable from investment properties and is recognised on an accruals basis. |
Tangible fixed assets |
Fixtures and fittings | - |
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 |
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 |
At 31 March 2023 |
DEPRECIATION |
Charge for period |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
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 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
Directors' current accounts | 197,621 |
Accruals and deferred income |
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 |
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 |
The bank loan is secured by a charge over the company's investment property. |