IRIS Accounts Production v23.2.0.158 07779703 director 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure077797032022-03-31077797032023-03-31077797032022-04-012023-03-31077797032021-03-31077797032021-04-012022-03-31077797032022-03-3107779703ns16:EnglandWales2022-04-012023-03-3107779703ns15:PoundSterling2022-04-012023-03-3107779703ns11:Director12022-04-012023-03-3107779703ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3107779703ns11:SmallEntities2022-04-012023-03-3107779703ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3107779703ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107779703ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107779703ns11:FullAccounts2022-04-012023-03-3107779703ns11:RegisteredOffice2022-04-012023-03-3107779703ns6:CurrentFinancialInstruments2023-03-3107779703ns6:CurrentFinancialInstruments2022-03-3107779703ns6:Non-currentFinancialInstruments2023-03-3107779703ns6:Non-currentFinancialInstruments2022-03-3107779703ns6:ShareCapital2023-03-3107779703ns6:ShareCapital2022-03-3107779703ns6:FurtherSpecificReserve1ComponentTotalEquity2023-03-3107779703ns6:FurtherSpecificReserve1ComponentTotalEquity2022-03-3107779703ns6:RetainedEarningsAccumulatedLosses2023-03-3107779703ns6:RetainedEarningsAccumulatedLosses2022-03-3107779703ns6:LeaseholdImprovements2022-04-012023-03-3107779703ns6:PlantMachinery2022-04-012023-03-3107779703ns6:LeaseholdImprovements2022-03-3107779703ns6:PlantMachinery2022-03-3107779703ns6:LeaseholdImprovements2023-03-3107779703ns6:PlantMachinery2023-03-3107779703ns6:LeaseholdImprovements2022-03-3107779703ns6:PlantMachinery2022-03-3107779703ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3107779703ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3107779703ns6:Secured2023-03-3107779703ns6:Secured2022-03-31
REGISTERED NUMBER: 07779703 (England and Wales)















JASPA Property Developments Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






JASPA Property Developments Limited (Registered number: 07779703)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JASPA Property Developments Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S Pritchard





REGISTERED OFFICE: Unit 11
Hirwaun Industrial Estate
Hirwaun
Aberdare
Mid Glamorgan
CF44 9UP





REGISTERED NUMBER: 07779703 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

JASPA Property Developments Limited (Registered number: 07779703)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,468 28,438
Investment property 5 382,116 382,116
409,584 410,554

CURRENT ASSETS
Debtors 6 6,532 8,032
Cash at bank 38,540 144,364
45,072 152,396
CREDITORS
Amounts falling due within one year 7 12,475 21,060
NET CURRENT ASSETS 32,597 131,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,181

541,890

CREDITORS
Amounts falling due after more than one year 8 - (134,867 )

PROVISIONS FOR LIABILITIES (683 ) (707 )
NET ASSETS 441,498 406,316

CAPITAL AND RESERVES
Called up share capital 110 110
Non-distributable reserve 9,778 9,778
Retained earnings 431,610 396,428
SHAREHOLDERS' FUNDS 441,498 406,316

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 8 November 2023 and were signed by:




S Pritchard - Director


JASPA Property Developments Limited (Registered number: 07779703)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

JASPA Property Developments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Rental income
Rents receivable are recognised on a straight line basis in relation to the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

JASPA Property Developments Limited (Registered number: 07779703)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 32,317 367 32,684
DEPRECIATION
At 1 April 2022 3,879 367 4,246
Charge for year 970 - 970
At 31 March 2023 4,849 367 5,216
NET BOOK VALUE
At 31 March 2023 27,468 - 27,468
At 31 March 2022 28,438 - 28,438

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 382,116
NET BOOK VALUE
At 31 March 2023 382,116
At 31 March 2022 382,116

No deferred tax has been provided for on the investment property as the company had neither sold nor intended to sell the property at the year end. However, it has calculated that no corporation tax would be payable if it were to sell the property.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 6,532 8,032

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 12,813
Taxation and social security 10,975 6,747
Other creditors 1,500 1,500
12,475 21,060

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 134,867

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 yr - 83,616

JASPA Property Developments Limited (Registered number: 07779703)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans - 147,680

The bank loan is secured on the freehold property.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Pritchard.