Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mrs J Fussell 20/06/2016 Mr P O'Connell 20/06/2016 Mrs J Wills 20/06/2016 22 August 2024 The principal activity of the Company is letting and operating of own real estate. 10241296 2024-03-31 10241296 bus:Director1 2024-03-31 10241296 bus:Director2 2024-03-31 10241296 bus:Director3 2024-03-31 10241296 2023-03-31 10241296 core:CurrentFinancialInstruments 2024-03-31 10241296 core:CurrentFinancialInstruments 2023-03-31 10241296 core:ShareCapital 2024-03-31 10241296 core:ShareCapital 2023-03-31 10241296 core:RevaluationReserve 2024-03-31 10241296 core:RevaluationReserve 2023-03-31 10241296 core:RetainedEarningsAccumulatedLosses 2024-03-31 10241296 core:RetainedEarningsAccumulatedLosses 2023-03-31 10241296 bus:OrdinaryShareClass1 2024-03-31 10241296 2023-04-01 2024-03-31 10241296 bus:FilletedAccounts 2023-04-01 2024-03-31 10241296 bus:SmallEntities 2023-04-01 2024-03-31 10241296 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10241296 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10241296 bus:Director1 2023-04-01 2024-03-31 10241296 bus:Director2 2023-04-01 2024-03-31 10241296 bus:Director3 2023-04-01 2024-03-31 10241296 2022-04-01 2023-03-31 10241296 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10241296 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10241296 (England and Wales)

JJP INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

JJP INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

JJP INVESTMENTS LIMITED

BALANCE SHEET

As at 31 March 2024
JJP INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 5,089,541 5,080,669
5,089,541 5,080,669
Current assets
Debtors 4 146,994 143,185
Cash at bank and in hand 987,618 783,110
1,134,612 926,295
Creditors: amounts falling due within one year 5 ( 4,013,494) ( 4,066,549)
Net current liabilities (2,878,882) (3,140,254)
Total assets less current liabilities 2,210,659 1,940,415
Provision for liabilities 6 ( 130,982) ( 130,982)
Net assets 2,079,677 1,809,433
Capital and reserves
Called-up share capital 7 9,000 9,000
Revaluation reserve 519,618 519,618
Profit and loss account 1,551,059 1,280,815
Total shareholders' funds 2,079,677 1,809,433

For the financial 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.

Directors' responsibilities:

The financial statements of JJP Investments Limited (registered number: 10241296) were approved and authorised for issue by the Board of Directors on 22 August 2024. They were signed on its behalf by:

Mrs J Fussell
Director
JJP INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
JJP INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
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

JJP Investments 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 Little Highlands, Blanchford Road, Ivybridge, Devon, United Kingdom, PL21 0AD.

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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised in the period of which occupancy occurred.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 5,080,669
Additions 8,872
As at 31 March 2024 5,089,541

Valuation

There previously has been a valuation of investment properties by an independent valuer. The properties have been valued by the directors for the year ended 31 March 2024 and they are happy that there has been no movement.

4. Debtors

2024 2023
£ £
Trade debtors 92,400 92,400
Other debtors 54,594 50,785
146,994 143,185

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 55,787 66,079
Taxation and social security 117,015 66,850
Other creditors 3,840,692 3,933,620
4,013,494 4,066,549

6. Provision for liabilities

2024 2023
£ £
Deferred tax 130,982 130,982

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
9,000 Ordinary shares of £ 1.00 each 9,000 9,000