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REGISTERED NUMBER: 10369432 (England and Wales)
















JAMES MAE PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






JAMES MAE PROPERTIES LIMITED (REGISTERED NUMBER: 10369432)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMES MAE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: E G Caffrey





REGISTERED OFFICE: Preserve Works
Thackley Old Road
Shipley
West Yorkshire
BD18 1QB





REGISTERED NUMBER: 10369432 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

JAMES MAE PROPERTIES LIMITED (REGISTERED NUMBER: 10369432)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 263,250 271,193

CURRENT ASSETS
Debtors 5 758,572 567,748
Cash at bank and in hand 3,446 1,156
762,018 568,904
CREDITORS
Amounts falling due within one year 6 415,250 336,272
NET CURRENT ASSETS 346,768 232,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

610,018

503,825

CREDITORS
Amounts falling due after more than one
year

7

569,250

541,750
NET ASSETS/(LIABILITIES) 40,768 (37,925 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 40,766 (37,927 )
SHAREHOLDERS' FUNDS 40,768 (37,925 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JAMES MAE PROPERTIES LIMITED (REGISTERED NUMBER: 10369432)

BALANCE SHEET - continued
31 MARCH 2023


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 by the director and authorised for issue on 12 March 2024 and were signed by:





E G Caffrey - Director


JAMES MAE PROPERTIES LIMITED (REGISTERED NUMBER: 10369432)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

James Mae Properties 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.

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern
The accounts have been prepared on a going concern basis due to the ongoing support of a former director.

Turnover
Turnover represents rental income from property, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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 balance sheet date.


JAMES MAE PROPERTIES LIMITED (REGISTERED NUMBER: 10369432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 April 2022
and 31 March 2023 264,000 35,554 299,554
DEPRECIATION
At 1 April 2022 10,560 17,801 28,361
Charge for year 5,280 2,663 7,943
At 31 March 2023 15,840 20,464 36,304
NET BOOK VALUE
At 31 March 2023 248,160 15,090 263,250
At 31 March 2022 253,440 17,753 271,193

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 195,320 31,870
Amounts owed by group undertakings 542,323 521,670
Other debtors 20,929 14,208
758,572 567,748

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 7,511 7,511
Trade creditors 158,204 241,528
Amounts owed to group undertakings 199,323 68,823
Taxation and social security 15,791 2,561
Other creditors 34,421 15,849
415,250 336,272

JAMES MAE PROPERTIES LIMITED (REGISTERED NUMBER: 10369432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 16,250 23,750
Other creditors 553,000 518,000
569,250 541,750