2022-12-012023-11-302023-11-30false12297993JML LONDON PROPERTY INVESTMENT LTD2024-08-29iso4217:GBPxbrli:pure122979932022-12-01122979932023-11-30122979932022-12-012023-11-30122979932021-12-01122979932022-11-30122979932021-12-012022-11-3012297993bus:SmallEntities2022-12-012023-11-3012297993bus:AuditExempt-NoAccountantsReport2022-12-012023-11-3012297993bus:AbridgedAccounts2022-12-012023-11-3012297993bus:PrivateLimitedCompanyLtd2022-12-012023-11-3012297993core:WithinOneYear2023-11-3012297993core:AfterOneYear2023-11-3012297993core:WithinOneYear2022-11-3012297993core:AfterOneYear2022-11-3012297993core:ShareCapital2023-11-3012297993core:SharePremium2023-11-3012297993core:RevaluationReserve2023-11-3012297993core:OtherReservesSubtotal2023-11-3012297993core:RetainedEarningsAccumulatedLosses2023-11-3012297993core:ShareCapital2022-11-3012297993core:SharePremium2022-11-3012297993core:RevaluationReserve2022-11-3012297993core:OtherReservesSubtotal2022-11-3012297993core:RetainedEarningsAccumulatedLosses2022-11-3012297993core:LandBuildings2023-11-3012297993core:PlantMachinery2023-11-3012297993core:Vehicles2023-11-3012297993core:FurnitureFittings2023-11-3012297993core:OfficeEquipment2023-11-3012297993core:NetGoodwill2023-11-3012297993core:IntangibleAssetsOtherThanGoodwill2023-11-3012297993core:ListedExchangeTraded2023-11-3012297993core:UnlistedNon-exchangeTraded2023-11-3012297993core:LandBuildings2022-11-3012297993core:PlantMachinery2022-11-3012297993core:Vehicles2022-11-3012297993core:FurnitureFittings2022-11-3012297993core:OfficeEquipment2022-11-3012297993core:NetGoodwill2022-11-3012297993core:IntangibleAssetsOtherThanGoodwill2022-11-3012297993core:ListedExchangeTraded2022-11-3012297993core:UnlistedNon-exchangeTraded2022-11-3012297993core:LandBuildings2022-12-012023-11-3012297993core:PlantMachinery2022-12-012023-11-3012297993core:Vehicles2022-12-012023-11-3012297993core:FurnitureFittings2022-12-012023-11-3012297993core:OfficeEquipment2022-12-012023-11-3012297993core:NetGoodwill2022-12-012023-11-3012297993core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3012297993core:ListedExchangeTraded2022-12-012023-11-3012297993core:UnlistedNon-exchangeTraded2022-12-012023-11-3012297993core:MoreThanFiveYears2022-12-012023-11-3012297993core:Non-currentFinancialInstruments2023-11-3012297993core:Non-currentFinancialInstruments2022-11-3012297993dpl:CostSales2022-12-012023-11-3012297993dpl:DistributionCosts2022-12-012023-11-3012297993core:LandBuildings2022-12-012023-11-3012297993core:PlantMachinery2022-12-012023-11-3012297993core:Vehicles2022-12-012023-11-3012297993core:FurnitureFittings2022-12-012023-11-3012297993core:OfficeEquipment2022-12-012023-11-3012297993dpl:AdministrativeExpenses2022-12-012023-11-3012297993core:NetGoodwill2022-12-012023-11-3012297993core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3012297993dpl:GroupUndertakings2022-12-012023-11-3012297993dpl:ParticipatingInterests2022-12-012023-11-3012297993dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-012023-11-3012297993core:ListedExchangeTraded2022-12-012023-11-3012297993dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-012023-11-3012297993core:UnlistedNon-exchangeTraded2022-12-012023-11-3012297993dpl:CostSales2021-12-012022-11-3012297993dpl:DistributionCosts2021-12-012022-11-3012297993core:LandBuildings2021-12-012022-11-3012297993core:PlantMachinery2021-12-012022-11-3012297993core:Vehicles2021-12-012022-11-3012297993core:FurnitureFittings2021-12-012022-11-3012297993core:OfficeEquipment2021-12-012022-11-3012297993dpl:AdministrativeExpenses2021-12-012022-11-3012297993core:NetGoodwill2021-12-012022-11-3012297993core:IntangibleAssetsOtherThanGoodwill2021-12-012022-11-3012297993dpl:GroupUndertakings2021-12-012022-11-3012297993dpl:ParticipatingInterests2021-12-012022-11-3012297993dpl:GroupUndertakingscore:ListedExchangeTraded2021-12-012022-11-3012297993core:ListedExchangeTraded2021-12-012022-11-3012297993dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-12-012022-11-3012297993core:UnlistedNon-exchangeTraded2021-12-012022-11-3012297993core:NetGoodwill2023-11-3012297993core:IntangibleAssetsOtherThanGoodwill2023-11-3012297993core:LandBuildings2023-11-3012297993core:PlantMachinery2023-11-3012297993core:Vehicles2023-11-3012297993core:FurnitureFittings2023-11-3012297993core:OfficeEquipment2023-11-3012297993core:AfterOneYear2023-11-3012297993core:WithinOneYear2023-11-3012297993core:ListedExchangeTraded2023-11-3012297993core:UnlistedNon-exchangeTraded2023-11-3012297993core:ShareCapital2023-11-3012297993core:SharePremium2023-11-3012297993core:RevaluationReserve2023-11-3012297993core:OtherReservesSubtotal2023-11-3012297993core:RetainedEarningsAccumulatedLosses2023-11-3012297993core:NetGoodwill2022-11-3012297993core:IntangibleAssetsOtherThanGoodwill2022-11-3012297993core:LandBuildings2022-11-3012297993core:PlantMachinery2022-11-3012297993core:Vehicles2022-11-3012297993core:FurnitureFittings2022-11-3012297993core:OfficeEquipment2022-11-3012297993core:AfterOneYear2022-11-3012297993core:WithinOneYear2022-11-3012297993core:ListedExch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JML LONDON PROPERTY INVESTMENT LTD

Registered Number
12297993
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

JML LONDON PROPERTY INVESTMENT LTD
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

LIN, Ying
YANG, Mu

Registered Address

19 Frimley Gardens
Mitcham
CR4 3AQ

Registered Number

12297993 (England and Wales)
JML LONDON PROPERTY INVESTMENT LTD
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,244,2971,251,379
1,244,2971,251,379
Current assets
Debtors43,000-
Cash at bank and on hand8,2269,336
51,2269,336
Creditors amounts falling due within one year(2,725)(1,797)
Net current assets (liabilities)48,5017,539
Total assets less current liabilities1,292,7981,258,918
Creditors amounts falling due after one year(1,696,410)(1,593,145)
Net assets(403,612)(334,227)
Capital and reserves
Called up share capital22
Profit and loss account(403,614)(334,229)
Shareholders' funds(403,612)(334,227)
The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2024, and are signed on its behalf by:
LIN, Ying
Director
Registered Company No. 12297993
JML LONDON PROPERTY INVESTMENT LTD
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
These financial statements have been prepared in accordance with the provisions of section 1A ‘’Small Entities’’ of FRS 102 ‘’ The Financial Reporting Standard applicable in the UK and Republic of Ireland’’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The company’s financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future on the grounds that the Director will continue to financially support the company until such time has the business achieves financial viability. The company financial statements do not reflect any adjustments that would be required if they were to be prepared on a basis other than the going concern basis.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses, its subsequent gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the basis as follows: Straight line (years) Building Improvement: 10
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 221,258,461
At 30 November 231,258,461
Depreciation and impairment
At 01 December 227,082
Charge for year7,082
At 30 November 2314,164
Net book value
At 30 November 231,244,297
At 30 November 221,251,379
Investment property is the properties held to earn rentals and/or for capital appreciation, which is initially recognised at cost and includes the purchase cost and any directly attributable expenditure, subsequently it is measured at fair value at the reporting end date and changes in fair value are recognised in profit or loss.
4.Impairment of tangible fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is earned at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
5.Related party transactions
The company was under the control of Mr. Y Lin and Mrs. M Yang by 30 November 2023, they are the managing directors and shareholders with an equal shareholdings of the company. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.