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REGISTERED NUMBER: 11659871 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 November 2023

for

JMXP LTD

JMXP LTD (REGISTERED NUMBER: 11659871)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

JMXP LTD

Company Information
for the year ended 30 November 2023







DIRECTORS: M A Price
Mrs L F Price
Mrs K L Price
J M Price





REGISTERED OFFICE: Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ





REGISTERED NUMBER: 11659871 (England and Wales)





ACCOUNTANTS: Trevor Jones & Partners Ltd
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

JMXP LTD (REGISTERED NUMBER: 11659871)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,062 4,470
Investment property 5 943,428 722,546
951,490 727,016

CURRENT ASSETS
Debtors 6 400 400
Cash at bank 1,035 2,556
1,435 2,956
CREDITORS
Amounts falling due within one year 7 254,441 222,513
NET CURRENT LIABILITIES (253,006 ) (219,557 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,484

507,459

CREDITORS
Amounts falling due after more than one year 8 694,227 511,106
NET ASSETS/(LIABILITIES) 4,257 (3,647 )

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve 9 12,500 12,500
Retained earnings (8,247 ) (16,151 )
SHAREHOLDERS' FUNDS 4,257 (3,647 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

JMXP LTD (REGISTERED NUMBER: 11659871)

Balance Sheet - continued
30 November 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 29 July 2024 and were signed on its behalf by:





J M Price - Director


JMXP LTD (REGISTERED NUMBER: 11659871)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Jmxp Ltd 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.

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.

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 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 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 4 (2022 - 4 ) .

JMXP LTD (REGISTERED NUMBER: 11659871)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 11,924
Additions 6,279
At 30 November 2023 18,203
DEPRECIATION
At 1 December 2022 7,454
Charge for year 2,687
At 30 November 2023 10,141
NET BOOK VALUE
At 30 November 2023 8,062
At 30 November 2022 4,470

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 722,546
Additions 220,882
At 30 November 2023 943,428
NET BOOK VALUE
At 30 November 2023 943,428
At 30 November 2022 722,546

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 400 400

JMXP LTD (REGISTERED NUMBER: 11659871)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,011 -
Other creditors 253,430 222,513
254,441 222,513

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 694,227 511,106

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 694,227 511,106

9. RESERVES
Revaluation
reserve
£   
At 1 December 2022
and 30 November 2023 12,500

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Jmxp Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jmxp Ltd for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jmxp Ltd, as a body, in accordance with the terms of our engagement letter dated 18 January 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Jmxp Ltd and state those matters that we have agreed to state to the Board of Directors of Jmxp Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jmxp Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jmxp Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jmxp Ltd. You consider that Jmxp Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jmxp Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Trevor Jones & Partners Ltd
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ


29 July 2024