Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03740908 Mr Graham Holden Mrs Julie Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03740908 2023-03-31 03740908 2024-03-31 03740908 2023-04-01 2024-03-31 03740908 frs-core:CurrentFinancialInstruments 2024-03-31 03740908 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 03740908 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 03740908 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 03740908 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 03740908 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03740908 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 03740908 frs-core:ShareCapital 2024-03-31 03740908 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03740908 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03740908 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03740908 frs-bus:SmallEntities 2023-04-01 2024-03-31 03740908 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03740908 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03740908 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 03740908 frs-bus:Director1 2023-04-01 2024-03-31 03740908 frs-bus:Director1 2023-03-31 03740908 frs-bus:Director1 2024-03-31 03740908 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03740908 frs-countries:EnglandWales 2023-04-01 2024-03-31 03740908 2022-03-31 03740908 2023-03-31 03740908 2022-04-01 2023-03-31 03740908 frs-core:CurrentFinancialInstruments 2023-03-31 03740908 frs-core:ShareCapital 2023-03-31 03740908 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 03740908 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 03740908
J P J Properties Limited
Financial Statements
For The Year Ended 31 March 2024
THE BUBB SHERWIN PARTNERSHIP LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03740908
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 550,000 550,000
550,000 550,000
CURRENT ASSETS
Debtors 5 426 260
Cash at bank and in hand 96,269 86,860
96,695 87,120
Creditors: Amounts Falling Due Within One Year 6 (116,124 ) (118,133 )
NET CURRENT ASSETS (LIABILITIES) (19,429 ) (31,013 )
TOTAL ASSETS LESS CURRENT LIABILITIES 530,571 518,987
PROVISIONS FOR LIABILITIES
Deferred Taxation (63,089 ) (63,089 )
NET ASSETS 467,482 455,898
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair Value Reserve 277,957 277,957
Profit and Loss Account 188,525 176,941
SHAREHOLDERS' FUNDS 467,482 455,898
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Graham Holden
Director
23/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
J P J Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03740908 . The registered office is 5 The Rise, Hempstead, Gillingham, Kent, ME7 3SS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is not provided on the freehold and leasehold property as it is held for it's investment
potential.
Freehold Non depreciable
Leasehold Non depreciable
2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement
constitutes a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or
preference shares are publicly traded or their fair value can otherwise be measured reliably, the
investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.
All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment
for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a
market rate, in which case the asset is measured at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument. 
Other financial instruments are subsequently measured at fair value, with any changes recognised in
profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually
significant, these are assessed individually for impairment. Other financial assets or either assessed
individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal
does not result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Leasehold Total
£ £ £
Cost
As at 1 April 2023 250,000 300,000 550,000
As at 31 March 2024 250,000 300,000 550,000
Net Book Value
As at 31 March 2024 250,000 300,000 550,000
As at 1 April 2023 250,000 300,000 550,000
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated
depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation
less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
comprehensive income and accumulated in capital and reserves, except to the extent it reverses a
revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the
carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to
the extent of any previously recognised revaluation increase accumulated in capital and reserves in
respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains
accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or
loss.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 426 260
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 113,407 115,462
Taxation and social security 2,717 2,671
116,124 118,133
7. Directors Advances, Credits and Guarantees
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Graham Holden (14,694 ) 2,092 - - (12,602 )
The above loan is unsecured, interest free and repayable on demand.
8. Related Party Transactions
At the year end Julian Holden and Penelope Holden (who are shareholders in the Company) were
owed £100,000 (2023: 100,000) equally between them. These liabilities are shown as other creditors
in these accounts.
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