Company Registration No. NI043551 (Northern Ireland)
JEP Property Services Ltd
Unaudited accounts
for the year ended 30 June 2023
JEP Property Services Ltd
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
81,912
19,164
Creditors: amounts falling due within one year
(1,684)
(2,734)
Net current assets
80,528
16,528
Total assets less current liabilities
80,528
214,431
Provisions for liabilities
Other provisions
-
(6,908)
Called up share capital
2
2
Profit and loss account
80,526
207,521
Shareholders' funds
80,528
207,523
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by
Eric Pattison
Director
Company Registration No. NI043551
JEP Property Services Ltd
Notes to the Accounts
for the year ended 30 June 2023
JEP Property Services Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI043551. The registered office is 854 Antrim Road, Templepatrick, Ballyclare, Antrim, BT39 0AH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors believe that the company JEP Property Services Ltd havs adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be measured reliably. Income from investments is measured as the fair value of the consideration received or receivable upon completion of the contract.
Investments in shares are included at fair value with changes in fair value recognised through the profit and loss account.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred Tax is calculated based on the Fair Value movement in the year.
Deferred tax assets and liabilities are not discounted.
JEP Property Services Ltd
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment
5
Investments
Other investments
Valuation at 1 July 2022
197,903
Fair value adjustments
(37,115)
Valuation at 30 June 2023
-
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).