Company No:
Contents
Note | 31.03.2023 | 31.03.2022 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
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467,198 | 325,000 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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19,409 | 15,434 | |||
Creditors: amounts falling due within one year | 5 | (
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(
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Net current assets | 4,151 | 326 | ||
Total assets less current liabilities | 471,349 | 325,326 | ||
Creditors: amounts falling due after more than one year | 6 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 8 |
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Share premium account |
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Fair value reserve |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of JEC (SW) Property Limited (registered number:
Chris Rowe
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.
JEC (SW) Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
31.03.2023 | 31.03.2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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Directors only.
Investment property | |
£ | |
Valuation | |
As at 01 April 2022 |
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Fair value movement | 142,198 |
As at 31 March 2023 |
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31.03.2023 | 31.03.2022 | ||
£ | £ | ||
Prepayments |
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31.03.2023 | 31.03.2022 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to directors |
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Accruals and deferred income |
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Taxation and social security |
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31.03.2023 | 31.03.2022 | ||
£ | £ | ||
Deferred tax liability |
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31.03.2023 | 31.03.2022 | ||
£ | £ | ||
At the beginning of financial period |
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Charged to the Profit and Loss Account | (
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At the end of financial period | (
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31.03.2023 | 31.03.2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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3 | 3 |