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REGISTERED NUMBER: 14117824 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

JJP Property Limited

JJP Property Limited (Registered number: 14117824)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JJP Property Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M D Prior





REGISTERED OFFICE: Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 14117824 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

JJP Property Limited (Registered number: 14117824)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,746 -
Investment property 5 1,517,133 428,489
1,525,879 428,489

CURRENT ASSETS
Debtors 6 - 1,000
Cash at bank 16,171 3,157
16,171 4,157
CREDITORS
Amounts falling due within one year 7 822,913 127,064
NET CURRENT LIABILITIES (806,742 ) (122,907 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

719,137

305,582

CREDITORS
Amounts falling due after more than one
year

8

(692,829

)

(304,875

)

PROVISIONS FOR LIABILITIES (1,662 ) -
NET ASSETS 24,646 707

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 24,645 706
SHAREHOLDERS' FUNDS 24,646 707

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 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.

JJP Property Limited (Registered number: 14117824)

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





M D Prior - Director


JJP Property Limited (Registered number: 14117824)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

JJP Property 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

JJP Property Limited (Registered number: 14117824)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 9,137
At 31 December 2023 9,137
DEPRECIATION
Charge for year 391
At 31 December 2023 391
NET BOOK VALUE
At 31 December 2023 8,746

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 428,489
Additions 1,088,644
At 31 December 2023 1,517,133
NET BOOK VALUE
At 31 December 2023 1,517,133
At 31 December 2022 428,489

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors - 1,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 4,119 165
Other creditors 818,794 126,899
822,913 127,064

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 692,829 304,875

JJP Property Limited (Registered number: 14117824)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 692,829 304,875

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Other loans 692,829 304,875

The Mortgage Works (UK) PLC , Monmouth Building Society and Fleet Mortgages Ltd hold a legal charge over the properties held in the company.