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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
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
- 
197,903 
Current assets
Debtors
300 
98 
Cash at bank and in hand
81,912 
19,164 
82,212 
19,262 
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)
Net assets
80,528 
207,523 
Capital and reserves
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
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JEP Property Services Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
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
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
Investments in shares are included at fair value with changes in fair value recognised through the profit and loss account.
Deferred taxation
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.
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JEP Property Services Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
- 
Additions
808 
Disposals
(808)
At 30 June 2023
- 
Depreciation
Charge for the year
222 
On disposals
(222)
At 30 June 2023
- 
Net book value
At 30 June 2023
- 
5
Investments
Other investments 
£ 
Valuation at 1 July 2022
197,903 
Additions
33,909 
Fair value adjustments
(37,115)
Disposals
(194,697)
Valuation at 30 June 2023
- 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
300 
98 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
1,296 
Accruals
1,684 
1,438 
1,684 
2,734 
8
Share capital
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).
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