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REGISTERED NUMBER: 08530605 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JSY PROPERTIES LIMITED

JSY PROPERTIES LIMITED (REGISTERED NUMBER: 08530605)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JSY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J Young
S J Young





REGISTERED OFFICE: Pottal Pool House
Teddesley Hay
Penkridge
Staffordshire
ST19 5RR





REGISTERED NUMBER: 08530605 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

JSY PROPERTIES LIMITED (REGISTERED NUMBER: 08530605)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 32,000 32,000
Investment property 5 191,000 183,500
223,000 215,500

CURRENT ASSETS
Cash at bank and in hand 247 160

CREDITORS
Amounts falling due within one year 6 52,929 53,362
NET CURRENT LIABILITIES (52,682 ) (53,202 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,318

162,298

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 103,069 95,569
Retained earnings 67,149 66,629
SHAREHOLDERS' FUNDS 170,318 162,298

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

JSY PROPERTIES LIMITED (REGISTERED NUMBER: 08530605)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 31 May 2024 and were signed on its behalf by:




J Young - Director



S J Young - Director


JSY PROPERTIES LIMITED (REGISTERED NUMBER: 08530605)

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

1. STATUTORY INFORMATION

JSY 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 (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

JSY PROPERTIES LIMITED (REGISTERED NUMBER: 08530605)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 32,000
NET BOOK VALUE
At 31 December 2023 32,000
At 31 December 2022 32,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 183,500
Revaluations 7,500
At 31 December 2023 191,000
NET BOOK VALUE
At 31 December 2023 191,000
At 31 December 2022 183,500

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2016 40,219
Valuation in 2021 27,850
Valuation in 2022 27,500
Valuation in 2023 7,500
Cost 87,931
191,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 87,931 87,931

Investment property was valued on an open market value basis on 31 December 2023 by the directors .

JSY PROPERTIES LIMITED (REGISTERED NUMBER: 08530605)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,750 10,750
Trade creditors (1 ) (1 )
Amounts owed to group undertakings 345 -
Taxation and social security 361 239
Other creditors 44,474 42,374
52,929 53,362

7. RESERVES
Fair
value
reserve
£   
At 1 January 2023 95,569
Revaluation of freehold
property 7,500

At 31 December 2023 103,069