Company Registration No. 08239251 (England and Wales)
JTPS Properties Limited
Unaudited accounts
for the year ended 31 October 2023
JTPS Properties Limited
Unaudited accounts
Contents
JTPS Properties Limited
Company Information
for the year ended 31 October 2023
Directors
The Chynoweth Property Company Limited
Ms S Patterson
Mrs RH Stewart-Tull
Mr ID Stewart-Tull
Company Number
08239251 (England and Wales)
Registered Office
36 Fore Street
Redruth
Cornwall
TR15 2AE
Accountants
Laws Books Limited
Lukes Cottage
Green Lane Mawla
Redruth
Cornwall
TR16 5DW
JTPS Properties Limited
Statement of financial position
as at 31 October 2023
Investments
141,061
141,061
Cash at bank and in hand
8,899
26,673
Creditors: amounts falling due within one year
(1,286)
(2,017)
Net current assets
8,881
24,705
Total assets less current liabilities
149,942
165,766
Creditors: amounts falling due after more than one year
(101,625)
(121,625)
Called up share capital
4
4
Profit and loss account
48,313
44,137
Shareholders' funds
48,317
44,141
For the year ending 31 October 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 5 February 2024 and were signed on its behalf by
Mrs RH Stewart-Tull
Director
Company Registration No. 08239251
JTPS Properties Limited
Notes to the Accounts
for the year ended 31 October 2023
JTPS Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 08239251. The registered office is 36 Fore Street, Redruth, Cornwall, TR15 2AE.
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.
Turnover represents rents from residential property.
The investment property is shown at cost - £141,061.
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 not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
4
Investments
Other investments
Valuation at 1 November 2022
141,061
Valuation at 31 October 2023
141,061
Amounts falling due within one year
Accrued income and prepayments
58
49
Amounts falling due after more than one year
JTPS Properties Limited
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
983
1,210
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
101,625
121,625
Loans from Directors see note 9
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The Chynoweth Property Company Limited
Directors Loan to Company
30,542
-
5,000
25,542
Directors Loan to Company
30,542
-
5,000
25,542
Directors Loan to Company
30,542
-
5,000
25,542
Directors Loan to Company
29,999
-
5,000
24,999
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).