Silverfin false 31/03/2023 01/04/2022 31/03/2023 Erica Richards Jason Rowe Chris Rowe 15 November 2023 The principal activity of the Company during the financial period was letting and operating of own real estate. 13562292 2023-03-31 13562292 2022-03-31 13562292 core:CurrentFinancialInstruments 2023-03-31 13562292 core:CurrentFinancialInstruments 2022-03-31 13562292 core:Non-currentFinancialInstruments 2023-03-31 13562292 core:Non-currentFinancialInstruments 2022-03-31 13562292 core:ShareCapital 2023-03-31 13562292 core:ShareCapital 2022-03-31 13562292 core:SharePremium 2023-03-31 13562292 core:SharePremium 2022-03-31 13562292 core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 13562292 core:FurtherSpecificReserve1ComponentTotalEquity 2022-03-31 13562292 core:RetainedEarningsAccumulatedLosses 2023-03-31 13562292 core:RetainedEarningsAccumulatedLosses 2022-03-31 13562292 core:Non-currentFinancialInstruments 1 2023-03-31 13562292 core:Non-currentFinancialInstruments 1 2022-03-31 13562292 2021-03-31 13562292 bus:OrdinaryShareClass1 2023-03-31 13562292 bus:OrdinaryShareClass2 2023-03-31 13562292 bus:OrdinaryShareClass3 2023-03-31 13562292 2022-04-01 2023-03-31 13562292 bus:FullAccounts 2022-04-01 2023-03-31 13562292 bus:SmallEntities 2022-04-01 2023-03-31 13562292 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13562292 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13562292 bus:Director1 2022-04-01 2023-03-31 13562292 bus:Director2 2022-04-01 2023-03-31 13562292 bus:Director3 2022-04-01 2023-03-31 13562292 2021-04-01 2022-03-31 13562292 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 13562292 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 13562292 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 13562292 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 13562292 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 13562292 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 13562292 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13562292 (England and Wales)

JEC (SW) PROPERTY LIMITED

Unaudited Financial Statements
For the financial period ended 31 March 2023
Pages for filing with the registrar

JEC (SW) PROPERTY LIMITED

Unaudited Financial Statements

For the financial period ended 31 March 2023

Contents

JEC (SW) PROPERTY LIMITED

BALANCE SHEET

As at 31 March 2023
JEC (SW) PROPERTY LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 31.03.2023 31.03.2022
£ £
Fixed assets
Investment property 3 467,198 325,000
467,198 325,000
Current assets
Debtors 4 332 332
Cash at bank and in hand 19,077 15,102
19,409 15,434
Creditors: amounts falling due within one year 5 ( 15,258) ( 15,108)
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 ( 35,550) 0
Net assets 435,799 325,326
Capital and reserves
Called-up share capital 8 3 3
Share premium account 324,997 324,997
Fair value reserve 106,648 0
Profit and loss account 4,151 326
Total shareholders' funds 435,799 325,326

For the financial period ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of JEC (SW) Property Limited (registered number: 13562292) were approved and authorised for issue by the Board of Directors on 15 November 2023. They were signed on its behalf by:

Chris Rowe
Director
JEC (SW) PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 March 2023
JEC (SW) PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 March 2023
1. Accounting policies

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.

General information and basis of accounting

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 £.

Going concern

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.

Turnover

Rental income from an operating lease is recognised on a straight-line basis over the life of the lease. Other revenue from services provided is recognised as they are delivered.

Taxation

Current tax
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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

31.03.2023 31.03.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 3 3

Directors only.

3. Investment property

Investment property
£
Valuation
As at 01 April 2022 325,000
Fair value movement 142,198
As at 31 March 2023 467,198

4. Debtors

31.03.2023 31.03.2022
£ £
Prepayments 332 332

5. Creditors: amounts falling due within one year

31.03.2023 31.03.2022
£ £
Trade creditors 450 0
Amounts owed to directors 9,666 9,666
Accruals and deferred income 4,245 5,365
Taxation and social security 897 77
15,258 15,108

6. Creditors: amounts falling due after more than one year

31.03.2023 31.03.2022
£ £
Deferred tax liability 35,550 0

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

31.03.2023 31.03.2022
£ £
At the beginning of financial period 0 0
Charged to the Profit and Loss Account ( 35,550) 0
At the end of financial period ( 35,550) 0

8. Called-up share capital

31.03.2023 31.03.2022
£ £
Allotted, called-up and fully-paid
1 Class A ordinary share of £ 1.00 1 1
1 Class B ordinary share of £ 1.00 1 1
1 Class C ordinary share of £ 1.00 1 1
3 3