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Registered Number: 10577683
England and Wales

 

 

 

JIGGENS PROPERTY LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023
Director Mr J Jiggens
Registered Number 10577683
Registered Office The Old Bakery, 12-14 Hart Street,
Henley-On-Thames, England,
RG9 2AU
Accountants Blue Peak Consulting Ltd
Wyvols Court
Basingstoke Road
Reading
RG7 1WY
1
Director's report and financial statements
The director presents their annual report and the financial statements for the year ended 31 January 2023
Principal activities
The principal activity of the company continued to be that of providing property services to customers.
Director
The director who served the company throughout the year was as follows:
Mr J Jiggens
Statement of director's responsibilities
The director is responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director 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 director is 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 director is 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. The director is 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.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board.


----------------------------------
Mr J Jiggens
Director

Date approved: 27 November 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 500,098    430 
Investments 4 2    2 
500,100    432 
Current assets      
Stocks 5   414,407 
Debtors 6 231,698    201,198 
Cash at bank and in hand 17,991    19,626 
249,689    635,231 
Creditors: amount falling due within one year 7 (207,342)   (184,211)
Net current assets 42,347    451,020 
 
Total assets less current liabilities 542,447    451,452 
Creditors: amount falling due after more than one year 8 (403,867)   (414,742)
Provisions for liabilities 9 (16,263)  
Net assets 122,317    36,710 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 122,315    36,708 
Shareholder's funds 122,317    36,710 
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 director on 27 November 2023 and were signed by:


-------------------------------
Mr J Jiggens
Director
3
Company information
Jiggens Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kiln House, Kiln Lane, Binfield Heath, Henley-On-Thames, Oxfordshire, United Kingdom, RG9 4ES.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33.33 % Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

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

Tangible fixed assets

Cost or valuation Computer Equipment   Investment properties   Total
  £   £   £
At 01 February 2022 2,129      2,129 
Additions    
Disposals    
Revaluations   85,593    85,593 
Transfers   414,407    414,407 
At 31 January 2023 2,129    500,000    502,129 
Depreciation
At 01 February 2022 1,699      1,699 
Charge for year 332      332 
On disposals    
At 31 January 2023 2,031      2,031 
Net book values
Closing balance as at 31 January 2023 98    500,000    500,098 
Opening balance as at 01 February 2022 430      430 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 February 2022 2    2 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 January 2023 2    2 

5.

Stocks

2023
£
  2022
£
Stocks   414,407 
  414,407 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 231,698    201,198 
231,698    201,198 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 1    (1)
Bank Loans & Overdrafts 3,964    3,827 
Corporation Tax 3,896    3,404 
Directors Loan Account 198,581    176,081 
Accruals 900    900 
207,342    184,211 

8.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 393,867    404,742 
Other Creditors 10,000    10,000 
403,867    414,742 

9.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 16,263   
16,263   

4