JAYPAM Property Limited 13936849 false 2022-02-24 2023-02-28 2023-02-28 The principal activity of the company is buying & selling of real estate. Digita Accounts Production Advanced 6.30.9574.0 true 13936849 2022-02-24 2023-02-28 13936849 2023-02-28 13936849 core:RetainedEarningsAccumulatedLosses 2023-02-28 13936849 core:ShareCapital 2023-02-28 13936849 core:CurrentFinancialInstruments 2023-02-28 13936849 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13936849 core:Non-currentFinancialInstruments 2023-02-28 13936849 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 13936849 core:FurnitureFittingsToolsEquipment 2023-02-28 13936849 bus:SmallEntities 2022-02-24 2023-02-28 13936849 bus:AuditExemptWithAccountantsReport 2022-02-24 2023-02-28 13936849 bus:FullAccounts 2022-02-24 2023-02-28 13936849 bus:SmallCompaniesRegimeForAccounts 2022-02-24 2023-02-28 13936849 bus:RegisteredOffice 2022-02-24 2023-02-28 13936849 bus:Director1 2022-02-24 2023-02-28 13936849 bus:PrivateLimitedCompanyLtd 2022-02-24 2023-02-28 13936849 core:FurnitureFittingsToolsEquipment 2022-02-24 2023-02-28 13936849 core:OfficeEquipment 2022-02-24 2023-02-28 13936849 1 2022-02-24 2023-02-28 13936849 countries:EnglandWales 2022-02-24 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 13936849

JAYPAM Property Limited

Unaudited Financial Statements

for the Period from 24 February 2022 to 28 February 2023

 

JAYPAM Property Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

JAYPAM Property Limited

(Registration number: 13936849)
Balance Sheet as at 28 February 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

1,652

Investment property

5

191,708

 

193,360

Current assets

 

Cash at bank and in hand

 

1,495

Creditors: Amounts falling due within one year

6

(66,049)

Net current liabilities

 

(64,554)

Total assets less current liabilities

 

128,806

Creditors: Amounts falling due after more than one year

6

(133,316)

Net liabilities

 

(4,510)

Capital and reserves

 

Called up share capital

100

Profit and loss account

(4,610)

Shareholders' deficit

 

(4,510)

For the financial period 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 period 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 1 November 2023 and signed on its behalf by:
 

 

JAYPAM Property Limited

(Registration number: 13936849)
Balance Sheet as at 28 February 2023

.........................................
Mr J R Fletcher
Director

 

JAYPAM Property Limited

Notes to the Unaudited Financial Statements for the Period from 24 February 2022 to 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:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These 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.

Disclosure of long or short period

These accounts are for the period 24 February 2022 to 28 February 2023 which is a long period. The reason for this change is that the directors considered that a year end date of 28 February 2023 would allow the financial statements to provide more useful information.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except
that a change attributable to an item of income or expense recognised as other comprehensive income is also
recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively
enacted by the reporting date in the countries where the company operates and generates taxable income.

 

JAYPAM Property Limited

Notes to the Unaudited Financial Statements for the Period from 24 February 2022 to 28 February 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in
the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.

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

Office equipment

20% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

JAYPAM Property Limited

Notes to the Unaudited Financial Statements for the Period from 24 February 2022 to 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

2,015

2,015

At 28 February 2023

2,015

2,015

Depreciation

Charge for the period

363

363

At 28 February 2023

363

363

Carrying amount

At 28 February 2023

1,652

1,652

5

Investment properties

2023
£

Additions

191,708

At 28 February

191,708

There has been no valuation of investment property by an independent valuer.

 

JAYPAM Property Limited

Notes to the Unaudited Financial Statements for the Period from 24 February 2022 to 28 February 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

7

5,396

Accruals and deferred income

 

1,000

Other creditors

 

59,653

 

66,049

2023
£

Current loans and borrowings

Bank borrowings

5,396

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

7

133,316

7

Loans and borrowings

2023
£

Non-current loans and borrowings

Bank borrowings

133,316

2023
£

Current loans and borrowings

Bank borrowings

5,396