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Registered Number: 08900793
England and Wales

 

 

 

JMS PROPERTY CONSULTANTS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Directors Julia McEwen
Daniel McEwen
Registered Number 08900793
Registered Office 15 Broomfield Road
Heaton Moor
Stockport
SK4 4NB
Accountants Houghtons
Chartered Certified Accountants
3 Buckingham Road West
Heaton Moor
Stockport
SK4 4AZ
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 28 February 2023
Directors
The directors who served the company throughout the year were as follows:
Julia McEwen
Daniel McEwen
Statement of directors' responsibilities
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board and signed on its behalf by:


----------------------------------
Julia McEwen
Director

Date approved: 21 November 2023
2
 
 
Notes
 
2023
£
  2022
£
Current assets      
Debtors 3 24,161    14,803 
Cash at bank and in hand 44,247    77,166 
68,408    91,969 
Creditors: amount falling due within one year 4 (14,056)   (42,741)
Net current assets 54,352    49,228 
 
Total assets less current liabilities 54,352    49,228 
Net assets 54,352    49,228 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 54,252    49,128 
Shareholder's funds 54,352    49,228 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 21 November 2023 and were signed on its behalf by:


-------------------------------
Julia McEwen
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 March 2021 100  47,112  47,212 
Profit for the year 29,016  29,016 
Total comprehensive income for the year 29,016  29,016 
Dividends (27,000) (27,000)
Total investments by and distributions to owners (27,000) (27,000)
At 28 February 2022 100  49,128  49,228 
At 01 March 2022 100  49,128  49,228 
Profit for the year 35,755  35,755 
Total comprehensive income for the year 35,755  35,755 
Dividends (30,631) (30,631)
Total investments by and distributions to owners (30,631) (30,631)
At 28 February 2023 100  54,252  54,352 
4
General Information
JMS Property Consultants Ltd is a private company, limited by shares, registered in England and Wales, registration number 08900793, registration address 15 Broomfield Road, Heaton Moor, Stockport, SK4 4NB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
2.

Average number of employees


Average number of employees during the year was 2 (2022 : 1).
3.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 19,200    14,640 
Prepayments & Accrued Income 180    163 
Directors' Current Accounts 4,781   
24,161    14,803 

4.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 15   
Corporation Tax 8,547    6,871 
Accrued Expenses 508    857 
Wages & Salaries Control Account 800   
Directors' Current Accounts   28,020 
VAT 4,186    6,993 
14,056    42,741 

5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

6.

Transactions with Directors

During the year dividends of £30,631 (2022: 27,000) were paid to the Directors.  The amount owing from / to the directors at the year end was £4,781 (£28,020).  This was repaid within 9 months of the year end and no interest was charged on the amount.
7.

Controlling Party

In the opinion of the directors the ultimate controlling party is JM McEwen by virtue of her majority shareholding.
5