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REGISTERED NUMBER: 11214716 (England and Wales)















J G P PROPERTIES (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






J G P PROPERTIES (HOLDINGS) LIMITED (REGISTERED NUMBER: 11214716)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


J G P PROPERTIES (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: J M Price
W J Price





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 11214716 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA

J G P PROPERTIES (HOLDINGS) LIMITED (REGISTERED NUMBER: 11214716)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 7,839,000 7,839,000

CURRENT ASSETS
Cash at bank 1,744 1,818

CREDITORS
Amounts falling due within one year 5 3,950,310 3,948,259
NET CURRENT LIABILITIES (3,948,566 ) (3,946,441 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,890,434 3,892,559

CAPITAL AND RESERVES
Called up share capital 6 260,000 260,000
Share premium 3,640,000 3,640,000
Retained earnings (9,566 ) (7,441 )
3,890,434 3,892,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and authorised for issue by the Board of Directors and authorised for issue on 25 November 2023 and were signed on its behalf by:





J M Price - Director


J G P PROPERTIES (HOLDINGS) LIMITED (REGISTERED NUMBER: 11214716)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

J G P Properties (Holdings) 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.

Going concern
The company has not traded and incurred a net loss of £2,125 (2022: £1,632) for the year.

At the balance sheet date the company had net current liabilities of £3,948,566 (2022: £3,946,441).

The company meets its day to day working capital requirements from loans provided by JGP Properties Limited, the subsidiary company. At the balance sheet date the amount owed to the subsidiary was £3,948,380 (2022: £3,946,675). The directors have given assurances that they will not withdraw this funding to the extent that it would jeopardise the company's ability to continue as a going concern. Further funding will be provided, as required.

For the above reasons, the directors believe it is appropriate to prepare the financial statements on the going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about J G P Properties (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

J G P PROPERTIES (HOLDINGS) LIMITED (REGISTERED NUMBER: 11214716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 7,839,000
NET BOOK VALUE
At 28 February 2023 7,839,000
At 28 February 2022 7,839,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 3,948,380 3,946,675
Directors' current accounts 10 -
Accrued expenses 1,920 1,584
3,950,310 3,948,259

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £ £

250,000 Ordinary A £1 250,000 250,000
5,000 Ordinary C £1 5,000 5,000
5,000 Ordinary D £1 5,000 5,000
260,000 260,000