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Company No: 12962338 (England and Wales)

JJS CPH LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

JJS CPH LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

JJS CPH LIMITED

BALANCE SHEET

As at 31 October 2023
JJS CPH LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 575,000 410,001
575,000 410,001
Current assets
Debtors 4 100 0
Cash at bank and in hand 103,715 154,109
103,815 154,109
Creditors: amounts falling due within one year 5 ( 92,927) ( 146,596)
Net current assets 10,888 7,513
Total assets less current liabilities 585,888 417,514
Creditors: amounts falling due after more than one year 6 ( 393,865) ( 401,152)
Provision for liabilities ( 42,057) 0
Net assets 149,966 16,362
Capital and reserves
Called-up share capital 200 200
Revaluation reserve 122,943 0
Profit and loss account 26,823 16,162
Total shareholder's funds 149,966 16,362

For the financial 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.

Directors' responsibilities:

The financial statements of JJS CPH Limited (registered number: 12962338) were approved and authorised for issue by the Board of Directors on 28 July 2024. They were signed on its behalf by:

J J Smith
Director
JJS CPH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
JJS CPH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JJS CPH Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 November 2022 410,001
Additions 164,999
As at 31 October 2023 575,000

The investment property was revalued on 11th February 2022 by Eddisons, The Old Manor House, Fareham, Hampshire.

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 100 0

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 34,999 34,999
Amounts owed to Group undertakings 50,437 98,714
Taxation and social security 6,292 3,791
Other creditors 1,199 9,092
92,927 146,596

Bank borrowings are secured via a fixed and floating charge over company assets. The charge with Barclays Security Trustee Limited is registered at Companies House.

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 393,865 401,152

Bank borrowings are secured via a fixed and floating charge over company assets. The charge with Barclays Security Trustee Limited is registered at Companies House.