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REGISTERED NUMBER: 07337726 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

JULES PROPERTIES LIMITED

JULES PROPERTIES LIMITED (REGISTERED NUMBER: 07337726)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JULES PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: J Shaw
Mrs J Shaw





REGISTERED OFFICE: 79 Vainor Road
Sheffield
S6 4AQ





REGISTERED NUMBER: 07337726 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
20 Paradise Square
Sheffield
S1 2DE

JULES PROPERTIES LIMITED (REGISTERED NUMBER: 07337726)

BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 460,516 460,516

CURRENT ASSETS
Debtors 5 24,157 24,214
Cash at bank and in hand 52,039 66,855
76,196 91,069
CREDITORS
Amounts falling due within one year 6 1,488 16,230
NET CURRENT ASSETS 74,708 74,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

535,224

535,355

PROVISIONS FOR LIABILITIES 32,700 32,700
NET ASSETS 502,524 502,655

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Share premium 435,502 435,502
Fair value reserve 7 67,824 67,824
Retained earnings (4,802 ) (4,671 )
SHAREHOLDERS' FUNDS 502,524 502,655

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

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

The directors acknowledge their 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.

JULES PROPERTIES LIMITED (REGISTERED NUMBER: 07337726)

BALANCE SHEET - continued
31 July 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 Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





J Shaw - Director


JULES PROPERTIES LIMITED (REGISTERED NUMBER: 07337726)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Jules 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.

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


Monetary amounts in these financial statements are rounded to the nearest £.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income received in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold investment properties - not provided (see policy note below)
Fixtures and fittings - 25% on cost

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.

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.

JULES PROPERTIES LIMITED (REGISTERED NUMBER: 07337726)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Investment properties
In accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 " The Financial Reporting Standard applicable in the UK and Republic of Ireland " investment properties are revalued annually and the aggregate surplus or deficit after taxation is transferred to a fair value reserve. The Directors consider that this accounting policy results in the financial statements giving a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise been shown cannot be separately identified or quantified.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
investment Long and Computer
properties leasehold fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 August 2022
and 31 July 2023 330,001 130,500 5,713 968 467,182
DEPRECIATION
At 1 August 2022
and 31 July 2023 - - 5,699 967 6,666
NET BOOK VALUE
At 31 July 2023 330,001 130,500 14 1 460,516
At 31 July 2022 330,001 130,500 14 1 460,516

Cost or valuation at 31 July 2023 is represented by:

Freehold Fixtures
investment Long and Computer
properties leasehold fittings equipment Totals
£    £    £    £    £   
Valuation in 2023 85,524 15,000 - - 100,524
Cost 244,477 115,500 5,713 968 366,658
330,001 130,500 5,713 968 467,182

JULES PROPERTIES LIMITED (REGISTERED NUMBER: 07337726)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS - continued

If investment properties had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 359,977 359,977

Investment properties were valued on an open market basis on 31 July 2023 by the company directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 24,157 24,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security - 14,874
Other creditors 1,488 1,356
1,488 16,230

7. RESERVES
Fair
value
reserve
£   
At 1 August 2022
and 31 July 2023 67,824

JULES PROPERTIES LIMITED (REGISTERED NUMBER: 07337726)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

8. RELATED PARTY DISCLOSURES

Movements on the directors' current account with the company is as follows:

Mr J Shaw
20232022
£   
Amount due to director at 1 August(24,214)836
Loan to company9,00042,000
Repaid to director(8,943)(67,050)
Amount due to director at 31 July(24,157)(24,214)



The loan is repayable on demand and bears interest at 2%.

9. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.